Li-Cycle to extend corporate sponsorship of
Shift2, a non-profit organization formerly known as The Shore
Foundation, for an additional three years as part of its ongoing
commitment to support local communities
Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the
“Company”), an industry leader in lithium-ion battery resource
recovery and the leading lithium-ion battery recycler in North
America, and Shift2, a non-profit organization providing access to
technology for equity-deserving individuals, are pleased to
announce the donation of laptops to 60 senior students at Edison
Career and Technology High School (“Edison Tech”) in Rochester, New
York.
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the full release here:
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Anthony Staley (VP, Rochester Hub,
Li-Cycle) hands out a laptop to a senior student at Edison Tech
High School. Li-Cycle partnered with Shift2, a local non-profit, to
donate laptops to 60 students at the Rochester, New York high
school. (Photo: Business Wire)
At an event at Edison Tech today, representatives from Shift2
and Li-Cycle presented laptops to students who have completed a
college application, a financial aid application, or have actively
pursued employment in the trades.
Li-Cycle is also pleased to announce the extension of its
corporate sponsorship of Shift2 for an additional three years.
Through its sponsorship, Li-Cycle will continue to support Shift2’s
mission and make a positive impact on the lives of individuals
residing in and around the greater Rochester, New York area.
Anthony Staley, VP, North American Hub, Li-Cycle, commented: “We
are thrilled to extend our partnership with Shift2 and provide
students with laptops and support their education. By working with
Shift2, we can enhance our ability to deliver a positive impact to
local Rochester communities. Li-Cycle is driving the future of
next-generation clean technology in Rochester by developing a
facility that is expected to be one of the largest sources of
lithium and recycled battery materials in North America at the
Eastman Business Park.”
Megan Alchowiak, Executive Director, Shift2, commented: “We are
excited to strengthen our partnership with Li-Cycle and greatly
appreciate their support of our mission. Today’s donation showcases
both Li-Cycle and Shift2’s firm commitment to making a tangible
difference in the Rochester community. We are excited to be
donating these valuable laptops to these very deserving
students.”
Jacob Scott, Principal, Edison Tech, commented: "We are
incredibly grateful to Li-Cycle and Shift2 for their generous
donation of laptops to our senior students, which will make a
positive difference to their future success. These laptops provide
our seniors with the necessary tools to excel in their studies and
empowers them to navigate the digital world with confidence. It is
great to see the remarkable impact that can be made when our
community comes together to support education and invest in the
dreams and aspirations of our youth."
Since 2021, Li-Cycle and Shift2 have worked together to support
efforts to recycle lithium-ion batteries from used laptops in a
safe and environmentally friendly manner. Li-Cycle also supports
Shift2’s mandate of distributing refurbished laptops to individuals
in the Rochester community who lack access to technology. Li-Cycle
and Shift2’s collaboration has benefited many community groups to
address issues such as access to education, homelessness, at-risk
youth, and job empowerment.
About Li-Cycle Holdings Corp.
Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative
Spoke & Hub Technologies™ to provide a customer-centric,
end-of-life solution for lithium-ion batteries, while creating a
secondary supply of battery-grade materials. Lithium-ion
rechargeable batteries are increasingly powering our world in
automotive, energy storage, consumer electronics, and other
industrial and household applications. The world needs improved
technology and supply chain innovations to better manage battery
manufacturing waste and end-of-life batteries and to meet the
rapidly growing demand for critical and scarce battery-grade raw
materials through a closed-loop solution. For more information,
visit https://li-cycle.com/.
About Shift2
Shift2 (formerly known as The Shore Foundation) is a non-profit
organization in Rochester, NY with a mission to maximize the
usefulness of existing technology to make a positive impact on
people’s lives, the community and the environment. By repurposing
computers originally used by businesses, Shift2 plays a vital role
in equipping community members with the tools they need to stay
connected, unlock their potential, and succeed in this digital age.
Additionally, the organization is dedicated to responsible
recycling unusable technology, recognizing the significance of
reclaiming metals and rare earth elements critical for the
production of devices in the future. For more information:
https://shift2nfp.org/.
Forward-Looking Statements
Certain statements contained in this press release may be
considered “forward-looking statements” within the meaning of the
U.S. Private Securities Litigation Reform Act of 1995, Section 27A
of the U.S. Securities Act of 1933, as amended, Section 21 of the
U.S. Securities Exchange Act of 1934, as amended, and applicable
Canadian securities laws. Forward-looking statements may generally
be identified by the use of words such as “believe”, “may”, “will”,
“continue”, “anticipate”, “intend”, “expect”, “should”, “would”,
“could”, “plan”, “potential”, “future”, “target” or other similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters, although not all
forward-looking statements contain such identifying words.
Forward-looking statements in this press release include but are
not limited to statements about: Li-Cycle’s expectation that it
will continue to support Shift2’s mission and make a positive
impact on the lives of individuals residing in and around the
greater Rochester, New York area; the expectation that, by working
with Shift2, Li-Cycle can enhance its ability to deliver a positive
impact to local Rochester communities; the expectation that
Li-Cycle’s facility in Rochester will be one of the largest sources
of lithium and recycled battery materials in North America; and the
expectation that Li-Cycle will continue to leverage its Spoke &
Hub Technologies to provide a customer-centric, end-of-life
solution for lithium-ion batteries, while creating a secondary
supply of battery-grade materials. These statements are based on
various assumptions, whether or not identified in this
communication, including but not limited to assumptions regarding
the timing, scope and cost of Li-Cycle’s projects; the processing
capacity and production of Li-Cycle’s facilities; Li-Cycle’s
ability to source feedstock and manage supply chain risk;
Li-Cycle’s ability to increase recycling capacity and efficiency;
Li-Cycle’s ability to obtain financing on acceptable terms;
Li-Cycle’s ability to retain and hire key personnel and maintain
relationships with customers, suppliers and other business
partners; general economic conditions; currency exchange and
interest rates; compensation costs; and inflation. There can be no
assurance that such estimates or assumptions will prove to be
correct and, as a result, actual results or events may differ
materially from expectations expressed in or implied by the
forward-looking statements.
These forward-looking statements are provided for the purpose of
assisting readers in understanding certain key elements of
Li-Cycle’s current objectives, goals, targets, strategic
priorities, expectations and plans, and in obtaining a better
understanding of Li-Cycle’s business and anticipated operating
environment. Readers are cautioned that such information may not be
appropriate for other purposes and is not intended to serve as, and
must not be relied on, by any investor as a guarantee, an
assurance, a prediction or a definitive statement of fact or
probability.
Forward-looking statements involve inherent risks and
uncertainties, most of which are difficult to predict and many of
which are beyond the control of Li-Cycle, and are not guarantees of
future performance. Li-Cycle believes that these risks and
uncertainties include, but are not limited to, the following:
Li-Cycle’s inability to economically and efficiently source,
recover and recycle lithium-ion batteries and lithium-ion battery
manufacturing scrap, as well as third party black mass, and to meet
the market demand for an environmentally sound, closed-loop
solution for manufacturing waste and end-of-life lithium-ion
batteries; Li-Cycle’s inability to successfully implement its
global growth strategy, on a timely basis or at all; Li-Cycle’s
inability to manage future global growth effectively; Li-Cycle’s
inability to develop the Rochester Hub, and other future projects
including its Spoke network expansion projects in a timely manner
or on budget or that those projects will not meet expectations with
respect to their productivity or the specifications of their end
products; Li-Cycle’s failure to materially increase recycling
capacity and efficiency; Li-Cycle may engage in strategic
transactions, including acquisitions, that could disrupt its
business, cause dilution to its shareholders, reduce its financial
resources, result in incurrence of debt, or prove not to be
successful; one or more of Li-Cycle’s current or future facilities
becoming inoperative, capacity constrained or if its operations are
disrupted; additional funds required to meet Li-Cycle’s capital
requirements in the future not being available to Li-Cycle on
acceptable terms or at all when it needs them; Li-Cycle expects to
continue to incur significant expenses and may not achieve or
sustain profitability; problems with the handling of lithium-ion
battery cells that result in less usage of lithium-ion batteries or
affect Li-Cycle’s operations; Li-Cycle’s inability to maintain and
increase feedstock supply commitments as well as securing new
customers and off-take agreements; a decline in the adoption rate
of EVs, or a decline in the support by governments for “green”
energy technologies; decreases in benchmark prices for the metals
contained in Li-Cycle’s products; changes in the volume or
composition of feedstock materials processed at Li-Cycle’s
facilities; the development of an alternative chemical make-up of
lithium-ion batteries or battery alternatives; Li-Cycle’s revenues
for the Rochester Hub are derived significantly from a single
customer; Li-Cycle’s insurance may not cover all liabilities and
damages; Li-Cycle’s heavy reliance on the experience and expertise
of its management; Li-Cycle’s reliance on third-party consultants
for its regulatory compliance; Li-Cycle’s inability to complete its
recycling processes as quickly as customers may require; Li-Cycle’s
inability to compete successfully; increases in income tax rates,
changes in income tax laws or disagreements with tax authorities;
significant variance in Li-Cycle’s operating and financial results
from period to period due to fluctuations in its operating costs
and other factors; fluctuations in foreign currency exchange rates
which could result in declines in reported sales and net earnings;
unfavorable economic conditions, such as consequences of the global
COVID-19 pandemic; natural disasters, unusually adverse weather,
epidemic or pandemic outbreaks, cyber incidents, boycotts and
geo-political events; failure to protect or enforce Li-Cycle’s
intellectual property; Li-Cycle may be subject to intellectual
property rights claims by third parties; Li-Cycle’s failure to
effectively remediate the material weaknesses in its internal
control over financial reporting that it has identified or if it
fails to develop and maintain a proper and effective internal
control over financial reporting. These and other risks and
uncertainties related to Li-Cycle’s business are described in
greater detail in the section entitled “Risk Factors” and “Key
Factors Affecting Li-Cycle’s Performance” in its Annual Report on
Form 20-F filed with the U.S. Securities and Exchange Commission
and the Ontario Securities Commission in Canada. Because of these
risks, uncertainties and assumptions, readers should not place
undue reliance on these forward-looking statements. Actual results
could differ materially from those contained in any forward-looking
statement.
Li-Cycle assumes no obligation to update or revise any
forward-looking statements, except as required by applicable laws.
These forward-looking statements should not be relied upon as
representing Li-Cycle’s assessments as of any date subsequent to
the date of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20230525005681/en/
Media Louie Diaz media@li-cycle.com
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