$AQMS Reports Key Milestones and Innovations for 2022
Mar 9th 2023, 9:03 pm
Analyst Summary: Aqua Metals has reported Q4 and full-year 2022 financial results, generating no significant revenue for 2022. However, it highlighted key milestones achieved, including the opening of the pilot operation and production of high-purity metals, securing the campus for the proposed commercial operation, and development of a sustainable lithium-ion battery recycling solution that is cost-efficient and environmentally friendly. Aqua Metal's President and CEO, Steve Cotton, was optimistic about the company's transformation and success for 2023 and beyond, saying that their goal this year would be one of commercialization from their vision and proof-of-concept to meaningful scale production. Commenting on the current drive for sustainable energy technologies and the need for better infrastructure to address climate change, he added that the company is developing the world's first commercial-scale sustainable lithium-ion battery recycling operation with sufficient input supply and offtake partners. Despite the risks involved in developing the recycling facility and taking on licensees, Aqua Metals is confident of its ability to innovate and deliver the expected benefits.