Aqua Metals Secures First Patent for AquaRefining Equipment and Processes
June 01 2017 - 08:00AM
Aqua Metals, Inc. (NASDAQ:AQMS), (“Aqua Metals” or the “Company”),
which is commercializing a non-polluting electrochemical lead
recycling technology called AquaRefining™, has secured its first
patent; Korea Patent No. 10-1739414, “Devices and Method for
Smelterless Recycling of Lead Acid Batteries.”
The Company made a strategic decision to choose
the Korea Intellectual Property Office (KIPO) as the examining
authority because of its well-known rigorous examination process.
To that end, Australia, China and other key Asian territories tend
to follow KIPO’s lead. Korea is also one of the world’s largest
lead producers with a metals industry that uses large scale
hydro-metallurgical processes.
“While our initial patent provides us with
protection in Korea only, we believe this first patent sets a
strong precedent that our technology is novel, of utility and an
advancement over the prior art,” said Dr. Stephen Clarke, chairman
and CEO of Aqua Metals. “We anticipate this will be the first of
many patents to be issued in the coming months. More importantly,
this is a landmark moment for our team – our technology has passed
muster in one of the toughest patent jurisdictions in the world,
which paves the way for success elsewhere. We are extremely proud
of this achievement, and believe it validates the hard work and
progress our team has put forth.”
The Company is pursuing a comprehensive and
rigorous IP Strategy with more than 20 planned filings organized
into several “families” covering “matter”, “devices” and
“processes” in up to 20 territories.
About Aqua MetalsAqua Metals,
Inc. (NASDAQ:AQMS) is reinventing lead recycling with its patented
and 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 strength and efficacy
of its portfolio of patent applications and issued patent, 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 risk no further patents will be issued
on our patent applications or any other application that we may
file in the future or that, if such patents are issued, they will
be sufficiently broad to adequately protect our technology, (2) the
risk that our initial patent and any other patents that may be
issued to us may be challenged, invalidated, or circumvented, (3)
the risk that our initial patent and other any patents that may be
issued to us may be may not stop a competitor from illegally using
our patented processes and materials, (4) 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; (5) risks related to Aqua Metals’ ability to
raise sufficient capital, as and when needed, to develop and
operate its recycling facilities; (6) changes in the federal, state
and foreign laws regulating the recycling of lead acid batteries;
(7) the Company’s ability to protect its proprietary technology,
trade secrets and know-how and (8) 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
Senior Vice President
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
Aqua Metals (NASDAQ:AQMS)
Historical Stock Chart
From Feb 2024 to Mar 2024
Aqua Metals (NASDAQ:AQMS)
Historical Stock Chart
From Mar 2023 to Mar 2024