Filings Bring AMY’s Patent Portfolio to 5 Patents in 4 Countries and 7 Filed for in 7 Countries
Larry W. Reaugh, President and Chief Executive Officer of RecycLiCo Battery Materials (“RecycLiCo Battery Materials” or “AMY” or the “Company”), is pleased to report the Company has filed National Phase Patent Applications for the Company’s flagship technology on recycling lithium-ion battery cathode materials. Seven additional countries have been selected for National Phase Applications for the Company’s original PCT Application No. PCT/US2017/060794 filed with the World Intellectual Property Organization on November 9, 2017. In addition to US Patent No. 10,246,343, which was granted on April 2019, AMY has selected the following additional countries for the National Phase Applications:
3. South Korea
“The rationale for choosing these seven countries stems from the careful review of jurisdictions that will dominate the world battery materials market, in addition to interest we have received from each regarding AMY’s patented RecycLiCo™ process,” said Mr. Reaugh.
The Company holds patented technology in four countries for its low-grade manganese mining process and a US patent for the flagship RecycLiCo™ lithium-ion battery cathode recycling process. A third technology for handing commercially collected and processed end of life lithium-ion battery materials is patent pending. The Company plans to file a further PCT Patent Application in the next few weeks on technology that will enhance large scale industrial operation based on recent developments in Stages 3, 4, and 5 of the pilot testing which is underway.
STAGES 3, 4 and 5
Stages 3, 4, and 5 of the pilot plant, includes the purification and recovery of battery grade ready lithium carbonate and base metal oxides, as well as recycling of reagents and water. The Company aims to provide these high purity recycled battery materials to lithium-ion battery manufacturers with a goal of developing a circular economy through conflict-free and sustainable methods such as AMY’s patented recycling technology.
According to a Bloomberg article dated May 2, 2019, “Booming demand for electric vehicles and insufficient investment in mines could result in a global shortage of minerals needed to manufacture rechargeable batteries in a few years’ time”. The Company aims to develop recycling technology that will alleviate these supply constraints in an ethical and environmentally sustainable manner while capitalizing on its suite of patented technologies.
About RecycLiCo Battery Materials
RecycLiCo Battery Materials is a critical metals company focused on the recycling of lithium-ion batteries with the RecycLiCo™ Patented Process. The process provides high extraction of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum at battery grade purity, with minimal processing steps. RecycLiCo Battery Materials aims to commercialize its breakthrough RecycLiCo™ Patented Process and become an industry leader in recycling cathode materials from spent lithium-ion batteries.
On behalf of Management
RecycLiCo Battery Materials
Larry W. Reaugh
President and Chief Executive Officer
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.