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AQMS - Aqua Metals Inc News Story

$3.34 -0.1  -3.2%

Last Trade - 13/04/21

Sector
Basic Materials
Size
Small Cap
Market Cap £170.2m
Enterprise Value £165.7m
Revenue £78.6k
Position in Universe 4386th / 6841

Aqua Metals Announces Two New Appointments to Board of Directors

Tue 2nd March, 2021 1:00pm
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Board Expands with Valuable Licensing, Cleantech and Manufacturing Expertise

MCCARRAN, Nev., March 02, 2021 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ:
AQMS) ("Aqua Metals" or the "Company"), which is reinventing metals recycling
with its AquaRefining™ technology, today announced it has appointed Molly
P. Zhang, a seasoned corporate director with global chemical, industrial and
cleantech expertise, and Edward Smith, CEO, President and Director of SMTC
Corporation (NASDAQ: SMTX) to its board of directors effective March 1,
2021. 

"After conducting an extremely rigorous candidate review process, we are
pleased to welcome Molly and Edward, as new independent directors to the Aqua
Metals board,” said Shariq Yosufzai, Aqua Metals Board Chairman. "They bring
extensive operational expertise in cleantech, industrial and manufacturing as
well as proven board experience, and we are confident they will provide
valuable perspectives as the Company continues to drive its capital-light
licensing strategy, explore opportunities in new markets, and enhance value
for all shareholders."

Dr. Zhang has three decades of international business experience with senior
leadership roles spanning from global operations and technology management to
driving businesses growth at Dow Inc. and Orica. As business Vice President
for Dow’s Technology Licensing and Catalyst business, she drove business
growth initiatives including successful market entrance in China. As the
managing director for SCG-Dow Group, she was instrumental in implementing a
multibillion-dollar capital investment program in partnership with other
companies, to meet the growing demand for Dow Asia. As a global manufacturing
executive, she led a team spanning over twenty countries to achieve
significant manufacturing efficiency improvements through lean manufacturing,
asset footprint optimization and technology improvements. Dr. Zhang is a
seasoned corporate director with expertise in guiding the portfolio
company’s technology and innovation agenda as board technology committee
chair at two companies. Dr. Zhang is currently on the boards of Enerkem, a
leading cleantech company in Montreal Canada, and Gates Industrial Corporation
(NYSE: GTES), a global leader for highly engineered industrial products in
Denver, Colorado. She is also a member of the supervisory board of GEA Group,
a leading global process technology, engineering and manufacturing company, in
Duesseldorf, Germany (DAX: G1A). Previously, she served on the boards of
Cooper Standard Automotive (NYSE: CPS), Newmont Mining (NYSE: NEM) and XG
Sciences. She was recognized on the list of “The Directors to Watch” by
Directors and Boards magazine and was named as one of the ‘Most Influential
Women Corporate Directors’ by Women Inc. Born and raised in Shanghai, Dr.
Zhang graduated from the Technical University of Clausthal, Germany with a
Ph.D. in Chemical Engineering and an MS in Chemistry. Dr. Zhang also attended
various Executive Business Management Programs at Babson College, INSEAD
Institute, and the London Business School.

As the CEO, President and Director of SMTC Corporation, with a broad
manufacturing footprint in the United States, Canada, and Mexico, Mr. Smith
has positioned the company for long-term profitable expansion while focusing
on the success of SMTC’s customers around the world. He has driven dramatic
organic and acquisitive growth equaling almost 300% in 3 years. Prior to SMTC
Corporation leadership roles, Mr. Smith built a strong operational pedigree as
President of Avnet Inc., and as President and Chief Executive Officer of SMTEK
International Inc. His technology expertise spans from licensing technology
for leading technology companies to understanding a technology’s product
life cycle from the development and introduction of new products and the
effective management of the growth, maturity, and end-of-life phases. While at
Avnet, Mr. Smith led multiple billion dollar plus acquisitions growing the
Americas to a $6-billion-dollar division of Avnet. Mr. Smith has served on the
public and private boards of SMTEK and ZIVELO and is currently serving on the
board of SMTC. Additionally, Mr. Smith has demonstrated a strong commitment to
nonprofit work with his board role on the American Red Cross and by founding
the We Will Never Forget Foundation after the 9/11 terrorist attacks, which
continues to distribute scholarships, and donates to veterans’ children
organizations.

Both Molly P. Zhang’s and Edward Smith’s service was effective March 1,
2021.

About Aqua Metals

Aqua Metals, Inc. (NASDAQ: AQMS) is reinventing metals recycling with its
patented hydrometallurgical AquaRefining™ technology. Unlike smelting,
AquaRefining is a room temperature, water-based process that emits less
pollution. The modular Aqualyzers™ cleanly generate ultra-pure metal one
atom at a time, closing the sustainability loop for the rapidly growing energy
storage economy. The Company’s offerings include equipment supply, services,
and licensing of the AquaRefining technology to recyclers across the globe.
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 the benefits of our new methodology for
producing battery manufacturing ready active material 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 be able to satisfactorily demonstrate to
potential licensees the technical and commercial viability of our V1.25
electrolyzer and AquaRefining process; (2) the risk that licensees may refuse
or be slow to adopt our AquaRefining process as an alternative to smelting in
spite of the perceived benefits of AquaRefining; (3) the risk that we may not
realize the expected economic benefits from any licenses we may enter into;
(4) the risk that we may not be able to access additional capital as and when
needed; and (5) those other risks disclosed in the section "Risk Factors"
included in our Annual Report on Form 10-K filed on February 25, 2021 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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GlobeNewswire, Inc. 2021
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