Aqua Metals Provides Corporate Update

Aqua Metals (NASDAQ:AMS) provided an update on its operations. The company is developing a non-pollutive electrochemical lead recycling technology called AquaRefining™.
As quoted in the press release:

Aqua Metals has developed a novel, proprietary and patent-pending process called AquaRefining to recycle lead, a globally traded commodity with a worldwide market value in excess of $20 billion. The largest source of lead is the recycling of used lead acid batteries (“LABs”), which are today recycled using a process called smelting. The Company believes its proprietary AquaRefining process is superior to smelting and will produce a cost-effective ultra-pure grade lead (greater than 99.99% pure). AquaRefining creates almost no emissions and consumes less energy than smelting. The Company believes this will help qualify the AquaRefining modules and facility for future ISO14000 environmental management standards certification. The Company believes LAB users across the industrialized world will increasingly require ISO14000 certification, and that smelters are unlikely to be able to achieve that certification.
In addition, AquaRefining is modular in nature, which makes it possible to start lead production at a much smaller scale than is possible with smelters. This significantly reduces the investment risk associated with building a conventional smelter-based lead production facility. It also allows for better logistics and economics and reduced carbon footprint by bringing recycling much closer to the markets where used batteries are generated.
Aqua Metals plans to build and operate its own LAB recycling facilities. The Company may also provide its process to established battery companies and lead suppliers who are seeking alternatives to smelting. In countries where neither of those business models is optimal due to local laws, Aqua Metals plans to form relationships with appropriate third parties to commercialize its technology.

Click here for the full press release.