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AQMS - Aqua Metals Inc News Story

$3.12 0.2  5.8%

Last Trade - 16/04/21

Sector
Basic Materials
Size
Small Cap
Market Cap £152.9m
Enterprise Value £148.4m
Revenue £78.1k
Position in Universe 4470th / 6850

Aqua Metals Files Provisional Patent for Lithium-Ion Battery Recycling

Tue 23rd February, 2021 1:00pm
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MCCARRAN, Nev., Feb. 23, 2021 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ:
AQMS) ("Aqua Metals" or the "Company"), which is reinventing metals recycling
with its AquaRefining™ technology, announced it has filed a provisional
patent for recovering high-value metals from recycled lithium-ion batteries.
Early phase testing shows promise for applying AquaRefining methodology, used
for plating ultra-high purity lead, to plating the metals found in lithium-ion
batteries such as cobalt, nickel, manganese, and lithium. Provisional patents
allow up to one year to gather data in support of a formal submission of the
patent.

"Electric vehicles and clean energy storage will be key to the transition from
our dependence on fossil fuels. This will result in millions of spent
lithium-ion batteries with currently no sustainable method for recycling. We
believe that expanding our patented AquaRefining hydrometallurgical approach
to recycling the high-value metals of lithium-ion batteries is a smart,
long-term strategy for Aqua Metals and in the best interest of our
shareholders," said Steve Cotton, President and CEO of Aqua Metals. "As we
designate part of our research and development budget to expand the potential
of our IP, we remain squarely focused on commercializing our lead recycling
business and anticipate our first licensing deal in the near future.”

Aqua Metal’s global market opportunity is being driven by rapidly decreasing
ore resources, increasing government-sponsored requirements for companies to
adopt sustainable recycling, and the emerging massive market demand for
electric vehicles and clean energy storage. Lead is among the most recycled
metals, with more than 6 million tons of it collected for reuse each year. The
recycled lead market is predicted to surpass $19 billion by 2026, with a CAGR
of 3.5% (Global Market Insights, Inc
(https://www.globenewswire.com/Tracker?data=QDgs6zyNK76-6COn6h6tff-IxCVk7YTlWQpPDJWwd-7fJBDlMxnOWzNsWRj19Z2OOq6ux5wtLSAijpnHHEztGWdQ_ljVi1ewhal3r56geJ48xL_D2cmCUj7I6BfE7FNQJ-Qsl2oOoDLZkC5QaqKsIDqREsD8Q8rs8fmF3JrsRq5gQ18Pqjhcfn2HaKELts6n1q3LkB958ag7I2YUlZlMmq-EqVhvqMr8AEVpnAWbnFiq7TLszxvsQWsoW132zHiROEysqDwxZAPHCmmCeuDNNlqmbTmQH3ycw1Nv3IsI6zE=).,
March 2020). The global lithium-ion battery recycling market, a new potential
sector for Aqua Metals, is projected to reach $19.4 billion by 2026, at a
CAGR of 38.1% during 2021-2026 (Valuates Report – Nov. 2020).

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 Social Media

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 market opportunity or recycled lead
and lithium-ion batteries and the benefits of our AquaRefining
hydrometallurgical for the recycling lithium-ion batteries. 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 a patent may not issue with regard
recovering high-value metals from recycled lithium-ion batteries through our
AquaRefining technology; (2) if a patent does issue, the risk that we may not
realize the expected benefits of any such patent; (3) the risk that we may not
complete the development of our AquaRefining technology for recycled
lithium-ion batteries; (4) the risk that we may not be able to satisfactorily
demonstrate to potential licensees the technical and commercial viability of
our AquaRefining process; (5) 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; (6) the risk that we may not realize the
expected economic benefits from any licenses we may enter into; (7) the risk
that we may not be able to access additional capital as and when needed; (8)
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; (9) the
risk that our patents and any other patents that may be issued may be
challenged, invalidated, or circumvented; (10) changes in the federal, state
and foreign laws regulating the recycling of lead acid batteries; (11) our
ability to protect our proprietary technology, trade secrets and know-how and
(12) those other risks disclosed in the section "Risk Factors" included in our
prospectus supplement filed with the SEC on February 19, 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 

(https://www.globenewswire.com/NewsRoom/AttachmentNg/871fef23-e7df-4995-ba01-56582ad62f9e)



GlobeNewswire, Inc. 2021
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