Jochen Rudat to Focus on European Business Opportunities for RecycLiCo™
RecycLiCo Battery Materials (“AMY” or the “Company”) is pleased to announce that Jochen Rudat, a former Tesla Director for Central Europe, has been appointed to the Company’s Advisory Board.
Mr. Rudat has an illustrious background and reputation in the electric vehicle (EV) industry. He has spent 10 years working under Elon Musk, CEO of Tesla, where he helped launch Models S, 3, X and Roadster in Europe. Jochen was hired by Elon Musk to build a sales and marketing force in Europe that grew to nearly 300 employees during his tenure.
“We are delighted to welcome such an experienced member of the EV industry to the RecycLiCo Battery Materials team,” said Larry Reaugh, President and CEO of RecycLiCo Battery Materials. “Jochen’s expert industry insight will be an invaluable resource as we explore business development and strategic partnerships for RecycLiCo™ in Europe.”
Before Tesla, Mr. Rudat worked for several prominent car manufacturers such as BMW, Kia and Porsche. Most recently, he served as Chief Sales Officer at Italian luxury carmaker Automobili Pininfarina to launch its electric hypercar, Battista. Moreover, Mr. Rudat is the founder of Electric Ventures, a consultancy service focused on investments in sustainable transport.
The Company has granted Mr. Rudat one million incentive stock options with an exercise term of five years and an exercise price of $1.99/share.
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 high 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.