Technology Minerals PLC Replacement: Recyclus first deliveries of LiBox
14 Novembro 2023 - 4:55AM
RNS Non-Regulatory
TIDMTM1
Technology Minerals PLC
14 November 2023
14 November 2023
Technology Minerals Plc
("Technology Minerals" or the "Company")
Recyclus first deliveries of LiBox, proprietary storage solution
for lithium-ion battery waste, to motor retail group
The ' Recycles supplies LiBox solution to motor retailer '
announcement released on 14/11/2023 at 07:00 under RNS No 3013T
should read 'Recyclus first deliveries of LiBox'.
The announcement text is unchanged and is reproduced in full
below.
Technology Minerals Plc (LSE: TM1), the first listed UK company
focused on creating a sustainable circular economy for battery
metals, is pleased to announce that its 48.35% owned battery
recycling business, Recyclus Group Ltd ("Recyclus"), has received
an order from automotive retail group Waylands of its
market-leading solution for the safe storage and transportation of
lithium-ion ("Li-ion") batteries, LiBox. Waylands have taken their
first delivery of LiBoxes and are using these to store waste Li-ion
batteries across its Volvo retail network sites in Bristol, Reading
and Oxford.
The LiBox is a pallet-sized, steel fabricated box, UN-certified
and ADR compliant - the highest global standard for transporting
hazardous goods. It is rated to a 20kWh power rating, the highest
in the industry, and can control thermal conditions of up to 2,000
degrees Celsius. Each box is filled with layers of Lithium Battery
Fire Protection Pillows designed to contain and extinguish fires -
should they occur - preventing risk of damage to property, people
and the environment. The design of the box is modular, so any
damaged parts can be simply swapped out and replaced for ongoing
use.
The LiBox provides a logistics solution to the rising demands
for safe storage and handling of end-of-life Li-ion batteries,
particularly in need in the automotive sector, with the number of
electric vehicles now on the road. The LiBox is available for use
across all sectors including automotive, portable devices and
industrial.
Robin Brundle, Director and Co-Founder of Recyclus Group said:
"Recyclus is the one-stop provider for managing lithium-ion battery
waste in the UK. There is a growing issue across the UK where these
batteries are being stored on commercial properties unsafely and
without an onward processing plan. LiBox is a simple solution that
de-risks a business and, combined with our recycling facility,
enables the materials to be moved on for sustainable processing and
reuse."
Richard Spencer, Group Aftersales Director at Waylands comments:
"With the ever-growing increase of battery electric and hybrid
vehicles, we continue to prepare our workshops for the growing
demand in aftersales and vehicle parc of the future. Within our
dealerships, we already carry out many EV repairs on a regular
basis and have been delighted to obtain suitable safe storage for
these products which, as we know carry potential stability risks
when damaged or under repair. Recyclus offers a one stop shop that
allows us to safely store and recycle these batteries, reducing the
risk of any incident and containing what could be a very damaging
event should a cell fail."
Enquiries
Technology Minerals Plc
Robin Brundle, Executive Chairman c/o +44 (0)20 4582 3500
Alexander Stanbury, Chief Executive
Officer
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Oberon Investments Limited
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Nick Lovering, Adam Pollock +44 (0)20 3179 0535
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Gracechurch Group
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Harry Chathli, Alexis Gore, Rebecca
Scott +44 (0) 20 4582 3500
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Technology Minerals Plc
Technology Minerals is developing the UK's first listed company,
providing a sustainable circular economy for battery metals, using
cutting-edge technology to recycle, recover, and re-use battery
technologies for a renewable energy future. Technology Minerals is
focused on raw material exploration required for Li-ion batteries,
whilst solving the ecological issue of spent Li-ion batteries, by
recycling them for re-use by battery manufacturers. Further
information on Technology Minerals is available at
www.technologyminerals.co.uk
Recyclus Group Ltd
The demand for the raw materials used in battery manufacturing
is anticipated to increase substantially. Recyclus Group provides a
national recycling initiative that supports the transition to
carbon neutrality. Recyclus Group's battery recycling capacity will
prove essential in the shift from fossil fuels to electric
transportation. Through its strategic support from Technology
Minerals, Recyclus is an integral component to the recycling of
Li-ion and lead acid batteries and is a significant contributor
towards the circular economy of battery metals. Further information
on Recyclus Group is available at www.recyclusgroup.com
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END
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November 14, 2023 02:55 ET (07:55 GMT)
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