Aqua Metals Inc logo

AQMS - Aqua Metals Inc News Story

$3.31 -0.1  -4.1%

Last Trade - 3:06pm

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

Aqua Metals Submits Provisional Patent for New Capability Streamlining Link from AquaRefining to Battery Manufacturing

Wed 27th January, 2021 1:00pm
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210127:nGNXc12H05&default-theme=true


Expected to Create Key Active Battery Material Directly from AquaRefining

Process Intended to Generate Savings While Further Improving Environmental
Impact

MCCARRAN, Nev., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ:
AQMS) (“Aqua Metals” or the “Company”), which is reinventing lead
recycling with its AquaRefining™ technology, announced today that initial
testing of a new methodology for producing battery manufacturing ready active
material directly from the AquaRefining process has demonstrated promising
results. A provisional patent has been filed to protect the new process, which
is expected to provide added economic and environmental benefits for
AquaRefining licensees.

The active material, lead oxide, is the key ingredient used in a battery and
comprises over half of a battery’s lead content. The traditional method
utilized to produce oxide for lead batteries is a four-step process: (1)
smelting lead recovered from used batteries or AquaRefining into lead
briquettes; (2) refining that lead to the proper purity; (3) casting the lead
into ingots and (4) remelting those ingots to be placed in an oxide reactor
for oxide manufacturing. Aqua Metals’ innovative approach would help the $65
billion lead acid battery industry bypass steps 2 and 3 (refining and
ingoting), resulting in significant savings in time, money and emissions as
the AquaRefined lead briquettes would transition directly to the melting stage
at the oxide manufacturer.

“Because AquaRefining achieves such high purity (currently 99.996+%), it
provides the opportunity to bypass the refining stage and take briquetted
AquaRefined lead directly to the battery manufacturing process,” said Steve
Cotton, President and CEO of Aqua Metals. “Bypassing the refining and
ingoting steps would enable recyclers that license and deploy AquaRefining
equipment to reduce costs from labor and processing time as well as reduce the
environmental impact of recycling and manufacturing new batteries. By helping
to efficiently bridge this resource-intensive gap between the battery
recycling and the battery manufacturing processes, our new capability can
potentially bring additional environmental and cost benefits for our future
customers.”

“Aqua Metals worked with a well-established lead oxide manufacturer for
testing. Results from our initial production are very promising and we are
engaged in ongoing R&D for this new, innovative process,” Cotton added. “A
provisional patent has been filed for this procedure and we have already
engaged in discussions with some of our potential licensees for AquaRefining
to consider utilizing this transformative process. We expect this development
to be a very attractive added benefit, both to battery recyclers and
manufacturers.”

Figure 1: New process illustrates reduced processing and materials handling
that results in reduction in resources and cost for recyclers and battery
manufacturers: https://www.globenewswire.com/NewsRoom/AttachmentNg/5f2496c8-53e4-4c49-9a48-091afc3fa665

Figure 2: Ultrapure spongy metal from the AquaRefining electrolyzers are then
compressed into briquettes which the Company believes can now go directly to
new battery
manufacturing: https://www.globenewswire.com/NewsRoom/AttachmentNg/516964b5-c21a-4d63-af9a-12ac120bcc01

Aqua Metals Webcast

Aqua Metals will host a webcast today, January 27, 2021 at 2:00 p.m. EST
(11:00 a.m. PST). Company management will discuss today’s news and the BASF
partnership
(https://www.globenewswire.com/Tracker?data=bKFMjeeLHIa7ryRWNOw2pgMu5qejOW2ckaC1gzXTumS7n793HEorEjSiiWMMTScMqEWdDbXEmOn6LuQZ7VgLsDsVjcggm_pkZpQEZaXjSIIoZImi5VytNLVjfQMTbnfJZRTQ8WIIrinjgQ46fc8KTkIQp81Bcz2R1ZuhAMYIKKDVdxFXslCW5_1CMF3_Yd2d)announced
on
(https://www.globenewswire.com/Tracker?data=TYx4uuQ91hDk8GQH8Z78-JhVvnDVI5VYz-7o_0wYCr0TQ-Xv_cq7D06mqC4bRBnB7vkj_w3dwIXIjSliHwPjs4V0iSM8zUczfyXtwsjvE4JMzd97b4GXqnbqXHC4VtzhzK8j3UuBUP6IJLRW_U5VJTVg_awKG4uOn5LX-FygNpVZjYLt5JblpV1BoygO_ISP)January
25
(https://www.globenewswire.com/Tracker?data=y44KgKHG6Tjtc02_f_8icncJqr2g_RNE7KlmMX_2WS2At8xJmjrQ1miF198T_gVthy-Ke8kS7YCCU-GiULhYBfpEHnIBay4wlRxUhlBLSzw5shOtRJOuJh_VQ8bFmgioQtbx1vr7l3hzPOFMltrqIFCS16tN7O9CzxCoC3N4tW09uUXp6VG_Qux7EC7-N0jP),
2021
(https://www.globenewswire.com/Tracker?data=ZI9oOnhiDT4RLEvrA0OgmjMl4F4_cWicrN1smHnU2njjdXLgZuJzlu6x1XiVXkhlkZMtOOsbjOpfvLZ7wha0X9e3gv4FNXvfzKdLYbdDbibRv2D1Xw43VDLawlqCv1M91B-Z7DWzBiZipvRTEF8AhquAfhl5vAz1YmRtyXqeq89GSB4vxFdZuLxCCqsL34Gk).
In addition, a comprehensive Company update will be provided. 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 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 complete the development of our new methodology
for producing battery manufacturing ready active material, (2) the risk that
we may not realize the expected benefits from the new methodology; (3) 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; (4) 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; (5) the risk that we may not realize the
expected economic benefits from any licenses we may enter into; (6) the risk
that we may not be able to access additional capital as and when needed; (7)
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; (8) the
risk that our patents and any other patents that may be issued may be
challenged, invalidated, or circumvented; (9) changes in the federal, state
and foreign laws regulating the recycling of lead acid batteries; (10) our
ability to protect our proprietary technology, trade secrets and know-how and
(11) 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



(https://www.globenewswire.com/NewsRoom/AttachmentNg/871fef23-e7df-4995-ba01-56582ad62f9e)
Figure 1 
(https://www.globenewswire.com/NewsRoom/AttachmentNg/5f2496c8-53e4-4c49-9a48-091afc3fa665/en)
New process illustrates reduced processing and materials handling that results
in reduction in resources and cost for recyclers and battery
manufacturers.Figure 2 
(https://www.globenewswire.com/NewsRoom/AttachmentNg/516964b5-c21a-4d63-af9a-12ac120bcc01/en)
Ultrapure spongy metal from the AquaRefining electrolyzers are then compressed
into briquettes which the Company believes can now go directly to new battery
manufacturing.


GlobeNewswire, Inc. 2021
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.