Aqua Metals and BASF Establish Global Partnership
January 25 2021 - 8:00AM
Aqua Metals, Inc. (NASDAQ: AQMS) (“Aqua Metals” or the “Company”),
which is reinventing lead recycling with its AquaRefining™
technology, announced it has partnered with BASF to supply
electrolyte, cooperate commercially, and explore technical
improvements to enhance AquaRefining performance.
BASF will provide the initial supply of Aqua
Metals’ electrolyte for all new licensee facilities and will be the
preferred supplier partner to all licensees for ongoing electrolyte
needs. The specially formulated AquaRefining electrolyte is the key
chemical compound used in the AquaRefining process. Both companies
have agreed to align their business activities in order to provide
their customers with an integrated solution. Specifically, BASF
will offer AquaRefining to its existing and perspective battery
recycling clientele and Aqua Metals will incorporate BASF product
into every initial deployment and system fill. In addition, Aqua
Metals and BASF plan to explore technical enhancements to further
improve the electrolyte formulations for improved AquaRefining
performance and increased equipment longevity.
“We are very pleased to partner with BASF, one
of the leading chemical companies, to be our preferred provider of
electrolyte for AquaRefining,” said Steve Cotton, President and CEO
of Aqua Metals. “We chose BASF due to their commitment to industry
leading standards and track record of delivering high quality
products. This partnership will also leverage BASF’s global reach
to help offer AquaRefining to applicable companies within their
global client base as well as work with us in the future to explore
ways to enhance the electrolyte for improved AquaRefining
performance.”
Robert McGuire, Marketing and New Business
Development Manager, BASF, adds, “This partnership will offer
AquaRefining clients a sustainable and integrated solution. At
BASF, we are committed to developing sustainable solutions and
making the best use of available resources. Our collaboration with
AquaRefining is a great opportunity to support a sustainable future
by implementing innovative and impactful technologies.”
Aqua Metals Webcast
Aqua Metals will host a webcast on January 27,
2021 at 2:00 p.m. EST (11:00 a.m. PST). Company management will
discuss today’s announcement and provide a comprehensive Company
update. 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 our partnership with BASF, the benefits of our
AquaRefining technology, 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 realize the
expected benefits from our partnership with BASF; (2) 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; (3) the risk that we will
have to engage in additional sales of our equity securities in
order to fund our future operations; (4) the risk that further
funding, by any means, may not be available at all; (5) 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; (6) the risk that our patents and any other patents that
may be issued may be challenged, invalidated, or circumvented; (7)
changes in the federal, state and foreign laws regulating the
recycling of lead acid batteries; (8) our ability to protect our
proprietary technology, trade secrets and know-how and (9) 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. 1glen@bristolir.com
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