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Alameda
[United States]
Posted on : Jul 03, 2018

Aqua Metals is reinventing lead recycling with its patent-pending AquaRefining technology. The AquaRefining process takes place at room temperature and is water based; it’s also non-polluting. Aqua Metals expects the system to allow the lead-acid battery industry to simultaneously reduce its negative environmental impacts and increase production. The company is based in California and built its first lead-acid battery recycling facility in Nevada’s Tahoe-Reno Industrial Center.


In 2017, Aqua Metals announced a strategic partnership with Johnson Controls. Under the partnership, Johnson Controls has become the first licensee for the AquaRefining process and will supply Aqua Metals with batteries to recycle. The company also secured international patents in Korea and Australia for its refining process and technology during Q2 2017. It announced the receipt of its first patent in the US in October 2017 and said it “strengthens the company’s ability to transition into licensing activities.”


More recently, Aqua Metals said in its Q4 2017 results release that moving forward it will continue to expand its Nevada-based recycling facility, and will look to build additional facilities. Total revenue reported for the year was $2.1 million; guidance for Q1 2018 falls between $1.3 and $1.4 million.


Source: https://www.investingnews.com

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