Larry W. Reaugh, President and Chief Executive Officer of RecycLiCo Battery Materials (“AMY” or the “Company”), (TSX.V: AMY; OTC US: AMYZF; FSE: ID4) is pleased to report on the progress of the Company’s application at the US Patent and Trademark Office for patenting AMY’s proprietary process for recycling lithium-ion battery cathode materials.
On July 6, 2018, the Company received the first office action from the US Patent and Trademark Office pertaining to AMY’s lead invention for recycling lithium-ion battery cathode materials. The office action indicated that all drawings have been accepted and claims 1 – 70 (all claims in the application) appear to be allowable over the cited prior art of record.
“We are pleased with the relatively short time it took to receive the first office action after filing the non-provisional application on the technology in November 2017. Furthermore, the notion that all claims appear to be allowable over the cited prior art indicates that the technology is novel and not known to the public prior to the filing of the Company’s patent application” says Norman Chow, President of Kemetco Research and lead inventor of the technology. Novelty is a requirement for patent claims to be patentable.
Kemetco is currently preparing a patent application for a proprietary process for separating aluminum foils from collected cathode scraps. Other innovations are currently being assessed to determine if they should be commercially integrated as trade secrets or if additional patents should be filed.
In addition, the Company has received some equipment for the planned pilot plant. See Pictures here: Fig 1 – Pilot-Plant-Filtration Equipment #1, Fig 2 – Pilot-Plant-Filtration Equipment #2, Fig 3 – Pilot-Plant-Glass-Reactor.
“With the number of electric vehicles increasing on a regular basis, we are excited to have this opportunity to develop and capitalize on new technology that can potentially play an important role in the long-term integration into the material supply chain of EV production”, says Mr. Reaugh.
About Kemetco Research Inc.
Kemetco Research is a private sector integrated science, technology and innovation company. Their Contract Sciences operation provides laboratory analysis and testing, field work, bench scale studies, pilot plant investigations, consulting services, applied research and development for both industry and government. Their clients range from start-up companies developing new technologies through to large multinational corporations with proven processes.
Kemetco provides scientific expertise in the fields of Specialty Analytical Chemistry, Chemical Process and Extractive Metallurgy. Because Kemetco carries out research in many different fields, it is able to offer a broader range of backgrounds and expertise than most laboratories.
About RecycLiCo Battery Materials
RecycLiCo Battery Materials is a diversified specialty and critical metal company focused on capitalizing on its patented intellectual property through low cost production or recovery of electrolytic manganese products throughout the world, and recycling of spent electric vehicle lithium-ion rechargeable batteries.
Interest in the Company’s patented process has adjusted the focus of RecycLiCo Battery Materials toward the examination of applying its patented technology for other purposes and materials. RecycLiCo Battery Materials aims to capitalize on its patented technology and proprietary know-how to become the industry leader in recycling spent electric vehicle lithium-ion batteries and recovering 100% of the cathode metals such as: Lithium-Cobalt, Lithium-Cobalt-Nickel-Manganese, Lithium-Cobalt-Aluminum and Lithium-Manganese (Please see the Company’s July 17, 2018 Business Plan (“CBP”) for further details).
On behalf of Management
RecycLiCo Battery Materials
Larry W. Reaugh
President and Chief Executive Officer
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The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Toronto Stock Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.
