Extinguishing Doubts: Potential Breakthrough in Lithium Battery Fire Safety

Investor webinar replay

Meeting Overview The meeting provided an update on the development and testing of a fire suppressant solution (FSS) specifically designed to combat lithium-ion battery fires. Key speakers included the CEO, who discussed the efficacy of the solution, ongoing tests, and the importance of addressing the hazards associated with lithium battery fires. Key Discussion Points - Overview of the fire suppressant solution (FSS) and its development timeline. - Announcement of the press release dated November 14th regarding the FSS. - Details on the efficacy of the FSS confirmed through two tests conducted by a third-party lab. - Upcoming tests planned for larger battery types, including e-bike and EV batteries. - Discussion on the toxic nature of lithium battery fires and the environmental benefits of the FSS. - Background information on the speakers, particularly the CEO's extensive experience in the lithium industry. Decisions Made - No explicit decisions recorded. Action Items & Next Steps -...

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[Speaker identities could not be resolved; generic labels used] [00:07] Speaker 1: We just wanted to have a [00:10] Speaker 1: little update on in terms of where we are on the FSS. [00:14] Speaker 1: We have talked about it before and on the 6th and other presentations [00:19] Speaker 1: publicly, but we wanted to go over a few things on the press release that went out on November 14th, [00:25] Speaker 1: as well as show you some video that some of you may have seen in some presentations, but not necessarily [00:31] Speaker 1: have been able to access them. So I have me on the line with me, Tom Kern, who's our CEO. He was the inventor of the FSS together with his team. [00:42] Speaker 1: And I'm going to pass [00:44] Speaker 1: the, [00:45] Speaker 1: I guess, the speaking to him in a bit. But before that, I wanted to go over just as an overview [00:51] Speaker 1: our Press release in terms of what we announced [00:55] Speaker 1: Mid this month. So [00:57] Speaker 1: to start we have been developing a [01:01] Speaker 1: what we call our fire suppressant solution [01:04] Speaker 1: for a while now. In fact, [01:06] Speaker 1: we started working with it the beginning of the year, but not necessarily [01:12] Speaker 1: as a [01:13] Speaker 1: fire suppressant for the lithium battery fires, lithium ion battery fires. We have been working with them in our battery recycling [01:21] Speaker 1: business [01:22] Speaker 1: in order to disassemble batteries in a safe manner. So we've now developed [01:28] Speaker 1: specifically [01:29] Speaker 1: from bottoms up, what we call from a lithium chemistry perspective, a [01:33] Speaker 1: fire suppressant solution that neutralizes the chemical reactions that cause lithium battery fires. [01:39] Speaker 1: We are now testing [01:40...