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American Manganese Achieves Significant Milestone with Lithium-Ion Battery Recycling Patent
U.S. Patent Office Issues Notice pf Patent Allowance SURREY, BC / ACCESSWIRE / December...
About this update from Recyclico Battery Materials Inc
[{"type":"text","content":"American Manganese Achieves Significant Milestone with Lithium-Ion Battery Recycling PatentU.S. Patent Office Issues Notice pf Patent AllowanceSURREY, BC / ACCESSWIRE / December 14, 2018 / Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (\"American Manganese\" or \"AMY\" or the \"Company\"), (TSX.V: AMY | OTC US: AMYZF | FSE: 2AM), is pleased to announce that the Company has received the \"Notice of Allowance\" from the United States Patent and Trade Mark Office for the Company's lithium-ion battery recycling technology. The \"Notice of Allowance\" is formal notification indicating that the examination of the invention has been completed by the US Patent and Trademark Office and allowed for issuance as a patent. The Company's attorney will be completing documentation and submitting fees for formal issuance of the US Patent. AMY CEO Larry W. Reaugh said \"Allowance of this patent is a significant milestone for the Company as the invention is now secured as a key asset that can be exclusively capitalized.\" The U.S. Patent examiner deemed AMY's technology is \"novel\" and \"inventive\" as it enables the recycling of valuable cathode metals (namely cobalt, nickel, manganese, aluminum and lithium) while converting these materials back to fresh cathode materials for manufacture of new lithium-ion batteries.\"American Manganese recognized early on that significant growth in the electric vehicle market will eventually lead to supply strains in materials used to make lithium-ion batteries,\" Mr. Reaugh noted, \"and that effective recycling of end of life lithium-ion batteries is a key aspect of achieving a sustainable circular economy.\"According to Bloomberg New Energy Finance, forecasts show that electric vehicle sales are \"increasing from a record 1.1 million worldwide in 2017, to 11 million in 2025 and then surging to 30 million in 2030\" (see: Electric Vehicle Outlook). In a Bloomberg Article dated December 4,2018, \"VW (Volkswagen) plans to launch fully or partly electric versions across its lineup of more than 300 cars, vans, trucks and motorbikes by 2030\" (see: VW says the next generation of combustion cars will be its last ). In a Reuters article dated December 11, 2018, \"Daimler will buy battery cells worth more than 20 billion euros ($23 billion) by 2030 as it readies mass production of hy...