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AQMS - Aqua Metals Inc News Story

$3.5 -0.2  -6.4%

Last Trade - 09/04/21

Sector
Basic Materials
Size
Small Cap
Market Cap £171.4m
Enterprise Value £166.9m
Revenue £78.8k
Position in Universe 4386th / 6827

Aqua Metals and BASF Establish Global Partnership

Mon 25th January, 2021 1:00pm
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MCCARRAN, Nev., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ:
AQMS) (“Aqua Metals” or the “Company”), which is reinventing lead
recycling with its AquaRefining™ technology, announced it has partnered with
BASF to supply electrolyte, cooperate commercially, and explore technical
improvements to enhance AquaRefining performance.

BASF will provide the initial supply of Aqua Metals’ electrolyte for all new
licensee facilities and will be the preferred supplier partner to all
licensees for ongoing electrolyte needs. The specially formulated AquaRefining
electrolyte is the key chemical compound used in the AquaRefining process.
Both companies have agreed to align their business activities in order to
provide their customers with an integrated solution. Specifically, BASF will
offer AquaRefining to its existing and perspective battery recycling clientele
and Aqua Metals will incorporate BASF product into every initial deployment
and system fill. In addition, Aqua Metals and BASF plan to explore technical
enhancements to further improve the electrolyte formulations for improved
AquaRefining performance and increased equipment longevity.

“We are very pleased to partner with BASF, one of the leading chemical
companies, to be our preferred provider of electrolyte for AquaRefining,”
said Steve Cotton, President and CEO of Aqua Metals. “We chose BASF due to
their commitment to industry leading standards and track record of delivering
high quality products. This partnership will also leverage BASF’s global
reach to help offer AquaRefining to applicable companies within their global
client base as well as work with us in the future to explore ways to enhance
the electrolyte for improved AquaRefining performance.”

Robert McGuire, Marketing and New Business Development Manager, BASF, adds,
“This partnership will offer AquaRefining clients a sustainable and
integrated solution. At BASF, we are committed to developing sustainable
solutions and making the best use of available resources. Our collaboration
with AquaRefining is a great opportunity to support a sustainable future by
implementing innovative and impactful technologies.”

Aqua Metals Webcast

Aqua Metals will host a webcast on January 27, 2021 at 2:00 p.m. EST (11:00
a.m. PST). Company management will discuss today’s announcement and provide
a comprehensive Company update. To access the webcast or to ask questions
during the live event, please pre-register at the
following link: https://event.webcasts.com/starthere.jsp?ei=1418041&tp_key=15848c88f4.
An archived version of the webcast and presentation will be available on the
investor relations section of the Company’s website
(https://ir.aquametals.com/ir-calendar) following the event.

About Aqua Metals

Aqua Metals, Inc. (NASDAQ: AQMS) is reinventing lead recycling with its
patented AquaRefining™ technology. Unlike smelting, AquaRefining is a room
temperature, water-based process that emits less pollution. The modular
systems are intended to allow the Company to vastly reduce environmental
impact and scale lead acid battery recycling production capacity by supplying
equipment, services and licensing the AquaRefining technology to partners.
This could help meet the growing demand for lead to power new applications
including stop/start automobile batteries which complement the vehicle’s
main battery, lead acid batteries which are in electric vehicles, Internet
data centers, alternative energy applications including solar, wind, and grid
scale storage. Aqua Metals is based in McCarran, Nevada. To learn more, please
visit www.aquametals.com.

Aqua Metals has used, and intends to continue using, its investor relations
website (https://ir.aquametals.com), in addition to its Twitter, LinkedIn and
YouTube accounts
at https://twitter.com/AquaMetalsInc (@AquaMatalsInc), https://www.linkedin.com/company/aqua-metals-limited and
https://www.youtube.com/channel/UCvxKNWcB69K0t7e337uQ8nQ respectively, as
means of disclosing material non-public information and for complying with its
disclosure obligations under Regulation FD.

Safe Harbor

This press release contains forward-looking statements concerning Aqua Metals,
Inc. Forward-looking statements include, but are not limited to, our plans,
objectives, expectations and intentions and other statements that contain
words such as "expects," "contemplates," "anticipates," "plans," "intends,"
"believes", "estimates", "potential" and variations of such words or similar
expressions that convey uncertainty of future events or outcomes, or that do
not relate to historical matters. The forward-looking statements in this press
release include our expectations for our partnership with BASF, the benefits
of our AquaRefining technology, and the future of lead acid battery recycling
via traditional smelters. Those forward-looking statements involve known and
unknown risks, uncertainties and other factors that could cause actual results
to differ materially. Among those factors are: (1) the risk that we may not
realize the expected benefits from our partnership with BASF; (2) the risk
that we may not be able to satisfactorily demonstrate to potential licensees
the technical and commercial viability of our V1.25 electrolyzer and
AquaRefining process; (3) the risk that we will have to engage in additional
sales of our equity securities in order to fund our future operations; (4) the
risk that further funding, by any means, may not be available at all; (5) the
fact that we have not generated any significant revenue to date, thus
subjecting us to all of the risks inherent in an early-stage company; (6) the
risk that our patents and any other patents that may be issued may be
challenged, invalidated, or circumvented; (7) changes in the federal, state
and foreign laws regulating the recycling of lead acid batteries; (8) our
ability to protect our proprietary technology, trade secrets and know-how and
(9) those other risks disclosed in the section "Risk Factors" included in our
Quarterly Report on Form 10-Q filed on October 22, 2020 and subsequent SEC
filings. Aqua Metals cautions readers not to place undue reliance on any
forward-looking statements. The Company does not undertake, and specifically
disclaims any obligation, to update or revise such statements to reflect new
circumstances or unanticipated events as they occur, except as required by
law.

Contact: Glen Akselrod, Bristol Capital
(905) 326-1888, Ext. 1
glen@bristolir.com



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