- FCL achieves an important commercial milestone with the first
sales of its proprietary FCL-X® lithium-ion
battery fire-extinguishing agent to a global EV OEM at its EV plant
in the State of Georgia
USA.
- Commercialization efforts are now underway to target
other EV OEMs, 27,000+ fire and rescue departments in the
USA as well as other commercial
and industrial players.
- The State of Georgia has
been at the forefront of the electric mobility industry in recent
years and FCL's location in Georgia provides an ideal opportunity to
further grow our business.
- To learn more about this lithium-ion fire extinguishing
breakthrough, join Carlos Vicens, CEO of Full Circle Lithium
at 3 PM EST Today – click
here to register.
TORONTO, June 4, 2024
/CNW/ - Full Circle Lithium Corp. ("FCL" or the "Company")
(TSXV: FCLI) (OTCQB: FCLIF), a USA-based lithium products manufacturer,
reports that it has achieved a significant milestone by securing
the first sales of its proprietary FCL-X® lithium-ion
battery fire-extinguishing agent to a global electric vehicle
original equipment manufacturer (EV OEM) customer for its EV plant
in the state of Georgia. This
accomplishment comes as FCL introduces its groundbreaking lithium
fire-extinguishing product, FCL-X®, designed
specifically for lithium-ion battery fires. This sales success
resulted from on-site testing at the EV OEM's plant and months of
extensive testing at an independent, accredited, and certified
USA safety lab, after FCL's
internal development and extensive testing of its
FCL-X® agent.
Lithium-ion battery fires present significant health, safety,
environmental, and business continuity risks. Recognizing
this, the EV OEM has been actively searching for and testing
solutions to address these concerns as it prepares for the first EV
production at its new plant in Georgia. The EV OEM was impressed by the speed
and efficiency with which FCL-X® fully extinguished
the battery fire quickly thus reducing hazardous smoke during
testing.
This first customer sale of FCL-X® to a major EV
OEM in Georgia validates FCL's
fire-extinguishing agent's effectiveness and highlights the
importance of addressing lithium-ion fire risks in the rapidly
growing lithium battery industry. FCL-X®'s ability to
extinguish fires provides a crucial safety measure for all parties
in the lithium-ion battery supply chain including end-users. Local
port authorities and local fire fighting personnel have
participated in FCL-X® testing, and all confirmed the
need for a battery-specific fire-extinguishing agent and were
impressed with the efficacy of FCL-X®. Further
demonstrations are being planned with other potential customers,
including another regional port authority and first responders.
FCL-X® is FCL's proprietary
fire-extinguishing agent is specifically designed for fighting
lithium-ion battery fires in various applications including
commercial, industrial, transportation residential settings, and
for use by first responders.
Carlos Vicens, CEO remarked, "FCL
will continue to provide FCL-X® to additional EV OEMs
and other end-users to further establish itself as a leader in the
field. The sale of FCL-X® to a major EV OEM in
Georgia marks a significant
milestone in FCL's journey to commercialize an effective
lithium-ion battery fire-extinguishing agent in a safe and
environmentally friendly manner".
Tom Currin, COO of FCL commented,
"We are confident that our FCL-X® agent will provide
this OEM with enhanced fire safety measures and contribute to the
overall safety of their EV production process. FCL remains
committed to advancing lithium battery fire-extinguishing
technology and continuing to provide safe and environmentally
friendly solutions to address the evolving needs of the lithium
battery-related industries".
Join Carlos Vicens, CEO of
Full Circle Lithium for a LIVE Virtual Event
Learn more about this breakthrough in extinguishing lithium-ion
battery fires with our newly branded FCL-X®.
Another big milestone for the FCLI team. A live interactive
Q&A session will follow.
Date and time:
Tuesday, June 4th at
3 pm ET / 12
pm PT
Click here to register for the event >
About Full Circle Lithium Corp.
Situated in the epicenter of the largest EV buildout in
North America, FCL's fully
permitted lithium products manufacturing plant in the state of
Georgia, USA combined with a
complement of seasoned lithium experts, makes FCL a unique
processor and manufacturer of lithium products. FCL is focused on
lithium and battery materials reintegration to meet the demand for
crucial battery-grade raw materials, utilizing proprietary
technology and know-how. Following on the Company's mantra of the
"home of lithium science", FCL has also developed an innovative
battery fire-extinguishing agent (FCL-X®) to address the
increasing number of difficult to extinguish and hazardous lithium
battery-based fires. Additional information regarding FCL is
available on SEDAR at www.sedar.com under the Company's profile and
its website www.fullcirclelithium.com
Cautionary Statement
Neither TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
This news release contains forward-looking statements within
the meaning of securities legislation in the Canada and which are based on the
expectations, estimates and projections of management of the
parties as of the date of this news release unless otherwise
stated. Forward-looking statements are generally identifiable by
use of the words "expect", "anticipate", "continue", "estimate",
"objective", "ongoing", "may", "will", "project", "should",
"could", "believe", "plans", "intends" or the negative of these
words or other variations on these words or comparable terminology.
More particularly, and without limitation, this news release
contains forward-looking statements and information concerning
expectations on the viability, effectiveness, safety and any
potential production and additional commercialization related to
the battery fire extinguishing agent which is at an early stage of
development and commercialization (which is very difficult for a
start-up venture like FCL as there are much larger and better
capitalized established companies that can potentially quickly
enter the lithium-ion battery fire-fighting market and create
strong competition against FCL), on receiving patent protection for
this fire-extinguishing agent and related inventions and processes,
the ability of FCL, a start-up venture, to successfully
commercialize its fire-extinguishing agent including ramping-up
production of the agent to meet potential demand, continue raising
capital, upgrading and refurbishing its plant, and sourcing
feedstock for its lines of business. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause actual results, performance or achievements
to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. Such factors include, among others, the uncertainties
and risk factors related to the technical elements in a processing
and refining business, loss of key technical and other staff,
lithium price fluctuations, the battery fire-extinguishing agent
functioning as expected to meet safety requirements and
fire-fighting related government regulations and potential client
product specifications, and applicable environmental requirements
and issues – see additional risks described in FCL's public
filings. Actual results, developments and timetables could vary
significantly from the estimates presented. Readers are cautioned
not to put undue reliance on forward-looking statements. FCL
disclaims any intent or obligation to update publicly such
forward-looking statements, whether as a result of new information,
future events or otherwise, unless required by law. Additionally,
FCL undertakes no obligation to comment on analyses, expectations
or statements made by third parties in respect of FCL, its
financial or operating results or its securities.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/full-circle-lithium-secures-first-fcl-x-fire-extinguisher-agent-sales-with-global-ev-manufacturer-302162765.html
SOURCE Full Circle Lithium Corp.
