Japanese Patent to Join U.S. and Korean Patents in AMY Battery Recycling Portfolio
Remaining National Phase Patent Applications include China, Europe, Australia, India, and Canada
RecycLiCo Battery Materials (“AMY” or the “Company”) is pleased to announce that the Japanese Patent Office has issued the Company a Notice of Allowance with respect to AMY’s National Phase Patent Application for its lithium-ion battery recycling technology, RecycLiCo™. The Notice of Allowance is a formal notification indicating that the examination of the invention has been completed by the Japanese Patent Office and is allowed for issuance as a patent. The Company’s attorney will be completing documentation and submitting fees for formal issuance of the Japanese patent.
AMY’s RecycLiCo™ process includes key aspects such as:
- Treatment of several cathode chemistries such as lithium cobalt oxide (LCO), lithium nickel manganese cobalt oxide (NMC), and lithium nickel cobalt aluminum oxide (NCA).
- Methods for achieving 100% extraction of cobalt, nickel, manganese, aluminum for all cathode chemistries tested.
- Method for achieving 100% lithium extraction by a novel locked cycle process.
“We are currently in a booming age of battery-related innovation,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials, “and Japanese companies, such as Panasonic, Sony, Toyota, Nissan, and Hitachi, stand out as world leaders in battery innovation, alongside Korean companies such as LG Chem, Samsung SDI, and SK Innovation. For AMY to receive a Notice of Allowance from the Japanese Patent Office and be issued a Korean Patent earlier this year are significant achievements that put a spotlight on our RecycLiCo™ process on the battery world stage.”
The Japanese Patent, when issued formally, will join patents already issued to AMY by the patent offices of the United States (U.S. Patent No. 10246343 and U.S. Patent No. 10308523) and South Korea (Patent No. 10-2246670). The Company has also filed National Phase Patent Applications for China, Europe, Australia, India, and Canada.
“I have always stressed the importance of a patent portfolio because of its respected validation process, transparency, added core value, and recognition,” Mr. Reaugh added.
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 RecycLiCo™ patented process was developed to offer a closed-loop and environmentally friendly solution for the recycling of cathode materials used in lithium-ion batteries. The recycling process provides high extraction and purity of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum. The RecycLiCo™ patented process was designed with the goal to produce recycled battery products that could be seamlessly and directly integrated into the re-manufacturing of battery cathodes using minimal processing steps.
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.