- RecycLiCo (AMY) has signed a Memorandum of Understanding (MOU) with Korean electronics manufacturer, Sonid Inc
- The MOU outlines the strategic partnership and business framework for establishing a lithium-ion battery recycling facility
- Sonid Inc. is a Korea-based listed company which engages in the manufacture and sale of electronic materials
- RecycLiCo is a battery materials company focusing on recycling and upcycling lithium-ion battery waste
- Recyclico Battery Materials Inc. (AMY) is up 7.58 per cent, trading at C$0.355 per share at 4:02 pm ET
RecycLiCo (AMY) has signed a Memorandum of Understanding (MOU) with Korean electronics manufacturer Sonid Inc.
The MOU represents promising steps towards a potential commercial joint venture or technology licensing arrangement of RecycLiCo’s technology.
The MOU outlines the strategic partnership and business framework for establishing a lithium-ion battery recycling facility. Both companies will leverage their strengths and engage in plans regarding the commercial collection, pretreatment, and hydrometallurgical processing of end-of-life batteries.
This partnership represents an exciting opportunity for both companies to expand their operations and contribute to the sustainability of the lithium-ion battery supply chain.
Zarko Meseldzija, CEO and Director of RecycLiCo Battery, commented on the news.
“The signing of this MOU marks the beginning of a potential partnership that could bring the RecycLiCo technology to commercial scale. By coupling RecycLiCo’s innovative recycling-upcycling technology with Sonid’s commercial expertise, we are laying the foundation for a sustainable and efficient lithium-ion battery supply chain.”
Sonid Inc. is a Korea-based listed company which engages in the manufacture and sale of electronic materials.
RecycLiCo is a battery materials company focusing on recycling and upcycling lithium-ion battery waste.
Recyclico Battery Materials Inc. (AMY) is up 7.58 per cent, trading at C$0.355 per share at 4:02 pm ET.
