Aqua Metals Hosts First Analyst Visitor Day
May 31 2017 - 7:15PM
Aqua Metals, Inc. (NASDAQ:AQMS), (“Aqua Metals” or the “Company”),
which is commercializing a non-polluting electrochemical lead
recycling technology called AquaRefining™, today successfully
hosted its first analyst visitor day.
The analysts were given a tour of AquaRefinery 1,
located in the Tahoe-Reno Industrial Complex (TRIC), led by Aqua
Metals’ executive management team. Analysts were able to view the
critical processes at the AquaRefinery as they happened, including:
battery feedstock deliveries; battery breaking and separation;
desulfurization and pre-AquaRefining digestion processes;
AquaRefining on simultaneously running AquaRefining modules; and
shipments of lead products to customers.
Among the firms that attended the visitor day were
analysts from Oppenheimer & Co. Inc., Euro Pacific Capital and
National Securities Corporation. The day also included
representation from Green Bank, which provided Aqua Metals with a
$10 million loan in 2015 which is backed by a 90 percent loan
guarantee from the U.S. Department of Agriculture (USDA).
“It has been a busy few months for our team as we
continue to pursue our production milestones and step ever closer
to full output of AquaRefined lead at TRIC,” said Dr. Stephen R.
Clarke, CEO and chairman of Aqua Metals. “We aim to be as
transparent as possible while protecting our IP, as we expand our
operations and collaborate with new partners. This was a
valuable opportunity to open our doors to the analyst community,
providing a behind-the-scenes look at our process.”
The Company expects all the analysts who attended
the visitor day to update their coverage reports to reflect
findings from the site visit in the coming days.
AquaRefinery 1 is ramping towards a total production
output of 120 metric tonnes of lead products per day by the end of
2017. Aqua Metals is currently also working on plans to build a
second AquaRefinery and integrating AquaRefining into a to-be-named
existing lead smelter with its strategic partner, Johnson Controls.
Regular updates on scaling of production and other Aqua Metals news
can be found on the Aqua Metals website
(http://www.aquametals.com).
About Aqua MetalsAqua Metals, Inc.
(NASDAQ:AQMS) is reinventing lead recycling with its patent-pending
AquaRefiningTM technology. Unlike smelting, AquaRefining is a room
temperature, water-based process that is fundamentally
non-polluting. These modular systems allow the Company to vastly
reduce environmental impact and scale lead acid recycling
production capacity both by building its own AquaRefineries and
licensing the AquaRefining technology to partners. This meets
growing demand for lead to power new applications including
stop/start automobile batteries which complement the vehicle’s main
battery, Internet data centers, alternative energy applications
including solar, wind, and grid scale storage. Aqua Metals is based
in Alameda, California, and has built its first recycling facility
in Nevada’s Tahoe Reno Industrial Complex. To learn more, please
visit www.aquametals.com.
Safe Harbor This press release
contains forward-looking statements concerning Aqua Metals, Inc.,
the lead acid battery recycling industry, the future of lead acid
battery recycling via traditional smelters, the Company’s
development of its commercial lead acid battery recycling
facilities and the quality, efficiency and profitability of the
Company’s proposed lead acid battery recycling operations. 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 fact that the
Company only recently commenced revenue producing operations, thus
subjecting the Company to all of the risks inherent in a
pre-revenue start-up; (2) risks related to Aqua Metals’ ability to
raise sufficient capital, as and when needed, to develop and
operate its recycling facilities; (3) changes in the federal, state
and foreign laws regulating the recycling of lead acid batteries;
(4) the Company’s ability to protect its proprietary technology,
trade secrets and know-how and (5) those other risks disclosed in
the section “Risk Factors” included in the Company’s Annual Report
on Form 10-K filed on March 2, 2017. 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.
Aqua Metals Media Relations:
Antenna
Kimberly Setliff
415-977-1942
aquametals@antennagroup.com
Aqua Metals Investor Relations:
MZ North America
Greg Falesnik
Managing Director
Main: 949-385-6449
greg.falesnik@mzgroup.us
www.mzgroup.us
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