Our combined assets and talented team enable us to be the only player in the industry that has the capability to collect, transport, sort and process every type of battery at every touchpoint from the end of one life cycle to the beginning of another. With over 30 years of commercial operations, Retriev represents the only long term North American lithium-ion battery recycling operation. October 6 th 2021 saw KULR stock announce the expansion of its share in the safe battery transportation market share. The Belgian firm is a recycling and materials technology conglomerate. Announce New Collaboration for Collection of EV Batteries. Moving forward, Heritage Battery Recycling will operate under the Retriev Technologies brand. Retriev Technologies General Information. Retriev Technologies Inc. and Marubeni Corporation Announce Strategic Partnership for Developing New Circular Business for End February 18, 2021, 12:19 AM UTC Share this article Shane Thompson will serve as President of the combined company. INDIANAPOLIS (March 9, 2022) - Retriev Technologies, the most comprehensive lithium battery recycler in North America and the pioneer in end-of-life battery management, has acquired Battery Solutions, the North American leader in sustainable, end-to-end management solutions for end-of-life batteries and consumer electronics.The combined offering brings two complementary industry leaders . To ensure the most secure and best overall experience on our website, we recommend the latest versions of. View real-time stock prices and stock quotes for a full financial overview. Win whats next. Moving forward, Heritage Battery Recycling will operate under the Retriev Technologies brand. Through the HBR network, the partnering company will maintain access to more than 100,000 customer locations and 2.500 employees. We tell about business and entrepreneurship, start-ups, success stories. Retriev utilizes a patented hydrometallurgical process which recovers critical materials necessary for the manufacturing of lithium-ion batteries that are used to power our world. How Did The Kazia Therapeutics (KZIA) Stock Rise 7%. KULR stock will expand its offerings from its existing partnerships customer programs in the e-bike and scooter markets. Provider of battery recycling and management services to corporations, government entities and consumers. Recycle process for alkaline and carbon zinc batteries, Process for recovering and regenerating lithium cathode material from lithium-ion batteries, Process for obtaining pure litharge from lead acid battery paste, Process for obtaining highly pure litharge from lead acid battery paste, To view Retriev Technologiess complete competitors history, request access, To view Retriev Technologiess complete patent history, request access, To view Retriev Technologiess complete acquisitions history, request access, To view Retriev Technologiess complete subsidiaries history, request access, Morningstar Institutional Equity Research. 773.621.2893, Internet Explorer presents a security risk. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. The Rectifier Technologies PE ratio based on its reported earnings over the past 12 months is null. We also specialize in economic news. Marubeni has combined this experience with technical knowledge, expertise and a global network in this sector. The companies will develop a business model by which valuable metals recovered from EOL LiB can be reused. Retriev is an integrated battery recycling platform that includes the operations of Heritage Battery Recycling, Retriev Technologies, and Battery Solutions. The transaction included participation from new investor, Heritage-Crystal Clean, Inc. Learn more at: http://www.retrievtech.com. 0.03 . You're more than your latest funding, tell our customers your company's story. "We're pleased to partner with Heritage to expand the reach and capabilities of Retriev," said Steve Kinsbursky, Chairman and CEO of Retriev, and President, CEO of KBI. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Claim your profile to get in front of buyers, investors, and analysts. Analyst Briefing Submitters are 7x more likely to receive a qualified connection. For over 25 years, Retriev has built its reputation as a global leader in battery recycling and management. This partnership will ensure the success in bringing our shared vison of sustainability to fruition. Marubeni Corporation and Retriev Technologies Inc. have entered into a Strategic Partnership Agreement with the aim of developing a new circular business for End-of-Life Lithium-ion batteries. About KBIKBI is a fully permitted battery management and recycling operation in Southern California. The opportunity to deliver upon North Americas need for an end-of-life reuse solution for batteries that involves critical materials recycling at scale creates an extremely competitive value chain for the United States, said David Klanecky, CEO, Retriev Technologies. https://www.businesswire.com/news/home/20210601005988/en/, Schumer sets expedited process to consider clean debt ceiling suspension, South Korea finance minister: South Korea, Japan, China cooperation more important as world economy at inflection point, China's manufacturing wobble may drive coal use even higher: Maguire, Seven bodies, including two missing teens, found in Oklahoma town, SCHUMER MOVE LEAVES OPENING FOR DEFICIT-REDUCTION TALKS ONCE DEB, U.S. SENATE MAJORITY LEADER SCHUMER SETS IN MOTION PROCESS FOR V, JPMorgan deal forces Biden administration to defend record on mergers, Brazil's Petrobras to keep stake in Colombia's deepwater block Tayrona, Vice preparing to file for bankruptcy - NYT, Hollywood writers, studios talk as midnight strike deadline looms, US judge declares mistrial in Apple-Masimo smartwatch trade secrets fight, French police face off with anarchists on May Day, Analysis: JPMorgan's takeover of First Republic fuels M&A expectations. Investors. Projected CAGR is forecasted to be 12.3% from 2021 to 2030, as per a recent report from 2021. Retriev's primary competitors include Battery Solutions, Li-Cycle, Aqua Metals and 10 more. Shane Thompson will serve as President of the combined company. This development will provide a safe and cost-effective solution for their customers in the storage and transportation of lithium batteries for recycling. The position of the CEO is occupied by Steve Kinsbursky. As continuous growth is expected for the LiB market, proper EOL LiB waste management is one of the most critical global challenges for improving the sustainability of the battery supply chain. Amount. This process is well suited to lithium primary batteries, which contain . The battery materials recycling market from lithium materials segment is predicted to witness an 11.8% CAGR between 2023-2032. In February 2021, Marubeni Corporation (Marubeni) and Retriev Technologies Inc. (Retriev) announced a Strategic Partnership for developing an innovative business model for end-of-life Lithium-ion . Retriev Technologies, Inc. announced that it has received funding on April 19, 2022. Secure and increase the performance of your investments with our team of experts at your side. It is calculated by dividing a company's price per share by its earnings per share. The earliest of these articles by Lain (2001) stated that "the Toxco process is designed for all types of lithium containing waste". Retriev Technologies's latest funding round was a Corporate Minority for on April 19, 2022. Companies within the THG portfolio include Heritage Environmental Services, Heritage Construction + Materials, and Monument Chemical. Find company research, competitor information, contact details & financial data for Retriev Technologies Ltd of Trail, BC. Date. The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. Trail, B.C. CBI websites generally use certain cookies to enable better interactions with. The end-of-life management and recycling of these batteries is critical for environmental safety and sustainability, and it must be addressed now, said Rick Rose, Vice President of Retriev Technologies Ohio Corporate Headquarters. Determine whether Retriev Technologies grew or shrank during the last recession. For this partnership, Retriev and Marubeni will also cooperate with a chemical maker possessing highly technical knowledge and expertise cultivated through their experience in rechargeable battery industries. With more than 5,000 employees and 30 operating companies worldwide, THG aims to build a safer, more enriching, and sustainable world by harnessing the power of family. Retrievs newly combined offering has the expertise and infrastructure to develop customized solutions for both large and small customers that simplifies the collection process and reduces the conversion time. Retriev, a global leader in battery management and recycling, has been at the forefront of environmentally safe and responsible recycling technology for decades, processing over 30 million pounds of lithium batteries over the last 25 years. 2023 PitchBook. HOBI International, Inc., is a premier IT asset management and electronics recycling company with facilities in Illinois, Texas, and Arizona. The company's services help to process batteries depending on the structure, form-factor and recoverable components from each battery type using automated hydrometallurgical processes, pyrometallurgical processes and hands-on mechanical disassembly, thereby enabling its clients and customers to access its services for recovery of metals, precious metals and a variety of other reusable materials. Related Stocks. About The Heritage GroupFounded in 1930, The Heritage Group (THG) is a fourth-generation, family-owned business managing a diverse portfolio of companies specializing in heavy construction and materials, environmental services, and specialty chemicals. The collaboration is expected to create the largest lithium-ion battery recycler in North America. Also included in the transaction is KBI's xEV Strategies division. Your email address will not be published. Paired with Heritage's collection and transportation network via partnerships with Heritage Environmental Services (HES) and Heritage-Crystal Clean, the collaborative operations moving forward represent the only comprehensive logistics, recycling, and reuse platform available in the industry today. Contact Email info@retrievtech.com. Marubeni Corporation and Retriev Technologies Inc. have entered into a Strategic Partnership Agreement with the aim of developing a new circular business for End-of-Life Lithium-ion batteries. For more information, visit www.SolvedByRetriev.com, Cision Distribution 888-776-0942 $51K-$67K Per Year (Glassdoor est.) Learn more at: http://www.hobi.com/. Discover small-cap mineral exploration companies set to be the next suppliers of green energy. of Transportation special permits for safe transport of higher capacity batteries. "Based on my 20-year career in battery recycling, no other company is better suited for success in this industry," said Thompson. Retriev Technologies Inc. and HOBI International, Inc. Crystal Clean invested in Retriev Technologies's Corporate Minority funding round. Increase in demand for zero-emission vehicles and the easy availability of finite metal resources propel the growth of the global electric vehicle battery recycling market The current customer portfolio includes thousands of customers, with an emphasis on automotive OEMs, environmental services, retail, communications and consumer products. (*3) Closed Loop Recycling: An essential waste management practice by which materials are recycled back into themselves to create another product, removing the waste disposal process. The combined knowledge and experience in battery recycling and reuse, collection and transportation, safety and environmental compliance serves as an unmatched platform to responsibly support the rapidly growing battery space. "Based on my 20-year career in battery recycling, no other company is better suited for success in this industry," said Thompson. KULR Stock's Partnership. Battery Solutions brings added processing, sorting, fulfillment, logistics and storage solutions with their 95,000-square-foot facility in Wixom, Michigan, and a 60,000-square-foot facility in Mesa, Arizona. kristy.finch@omalleyhansen.com Retriev is the only complete service provider for lithium and cross-chemistry in the industry, offering battery-centric logistics, collection program solutions and second-life applications. HOBI, with nearly 30 years of ongoing related experience, is dedicated to be part of the solution managing these devices and products at the end of their first or second life, said Craig Boswell, President of HOBI. The shares last closed at AU$0.05. Overview. Copyright 2023 Surperformance.
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