Its headquarters is located at Lancaster, Ohio, USA. RVP | Complete Retractable Technologies Inc. stock news by MarketWatch. Marubeni Corporation and Retriev Technologies Inc. have entered into a Strategic Partnership Agreement with the aim of developing a new circular business for End-of-Life Lithium-ion batteries. Contributing to the circular economy model is a core focus of Battery Solutions, and this integration with Retriev brings us a huge step closer to making that a reality.. For more information, visit www.retrievtech.com. Round. (*2) Precursor: In the battery materials industry, this term refers to the material used before calcination process, that will be processed into cathode. As the largest U.S. handler for cross-chemistry battery recycling management, Battery Solutions charts a path forward for their customers by supporting fully traceable end-of-life management services and products. It is calculated by dividing a company's price per share by its earnings per share. Moving forward, the quantity of EOL LiB generated is expected to increase in line with LiB market growth driven by rapidly growing demand for electric vehicles. Retrievs newly combined offering has the expertise and infrastructure to develop customized solutions for both large and small customers that simplifies the collection process and reduces the conversion time. The Heritage Group - Battery Recycling Business. from 8 AM - 9 PM ET. Toxco Inc. rebranded in 2013 as Retriev Technologies Inc., retaining ownership of patents (McLaughlin and Adams, 1999; McLaughlin, 1994). For more information, visit www.thgrp.com/. CBI websites generally use certain cookies to enable better interactions with. Retriev, a global leader in battery management and recycling, has been at the forefront of environmentally safe and responsible recycling technology for decades, processing over 30 million pounds of lithium batteries over the last 25 years. This partnership will ensure the success in bringing our shared vison of sustainability to fruition. The combined entity will operate under the Retriev Tech name as it leverages its expanded reach into the original equipment manufacturer (OEM) recycling market that Retriev serves. In February 2021, Marubeni Corporation (Marubeni) and Retriev Technologies Inc. (Retriev) announced a Strategic Partnership for developing an innovative business model for end-of-life Lithium-ion . Legal Name Retriev Technologies. About KBIKBI is a fully permitted battery management and recycling operation in Southern California. Projected CAGR is forecasted to be 12.3% from 2021 to 2030, as per a recent report from 2021. With over 30 years of commercial operations, Retriev represents the only long term North American lithium-ion battery recycling operation. This creates a substantial material resource for auto OEMs and battery manufacturers in the circular supply chain.. Grant Accountant. Learn more at: http://www.retrievtech.com. Under the strategic partnership, Marubeni and Retriev will develop a circular business model for Battery to Battery Closed Loop Recycling(*3) in the battery industry, and contribute to improving the sustainability of global society through the development and promotion of new circular businesses in the market. For more information, visit https://batterysolutions.com/. The battery materials recycling market from lithium materials segment is predicted to witness an 11.8% CAGR between 2023-2032. As more states adopt measures similar to California, which has implemented a ban on internal combustion engines sold in the state starting in 2030, the EV market will grow exponentially in the coming years. This is hoped to facilitate consistent and organic increases in shareholder value. Copyright 2023 Surperformance. Retriev Technologies Inc. and HOBI International, Inc. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. When Heritage Battery Recycling, Retriev Technologies, and Battery Solutions merged in June to become Cirba Solutions, it was a deal six years in the making, . Retrievs well-respected track record in research and development, excellent client services, and the highest level of environmental compliance demonstrates its unwavering commitment to the best recycling practices. Your email address will not be published. Adding HBR and its affiliation with Heritage's environmental services expertise and network of fully permitted collection facilities and transportation assets will allow us to further differentiate Retriev as a single solution for all battery management needs.". Active, Closed, Whether an Organization is for profit or non-profit, General contact email for the organization. Personalize which data points you want to see and create visualizations instantly. "Our mission to bring a sustainable model of closed loop recycling for critical materials that are necessary for the North American supply chain is one step closer to a reality with this merger. The combination with Retriev marks a key step in Heritage's expansion to further develop a comprehensive recycling and reuse battery management platform. Amount. Located in Brea, CA, xEV Strategies is a specialized testing, refurbishment, warehousing, and logistics platform for large-format electric vehicle batteries. Description. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. (*1) Sulphate: In the battery materials industry, this specifically refers to cobalt sulphate and nickel sulphate. Retriev Technologies contact info: Phone number: (740) 653-6290 Website: www.retrievtech.com What does Retriev Technologies do? By continuing to use this site you are consenting to these choices. Subsequent premarket fluctuations have seen the stock surge by 1.48%, bringing it up to USD$2.06. Retriev, the recognized leader in battery management and recycling, has been at the forefront of safe and responsible recycling technology for decades, processing lithium batteries for over 30 years. Our combined assets and talented team enable us to be the only player in the industry that has the capability to collect, transport, sort and process every type of battery at every touchpoint from the end of one life cycle to the beginning of another. About Retriev TechnologiesRetriev, the recognized leader in battery management and recycling, has been at the forefront of safe and responsible recycling technology for decades, processing lithium batteries for over 30 years. Analyst Briefing Submitters are 7x more likely to receive a qualified connection. Our extensive network has coast-to-coast coverage with battery experts to help you navigate the challenges of this expanding sector. LANCASTER, Ohio-- . You can read more about your cookie choices at our privacy policyhere. The stock is now priced at $10.20, and its average price target of $13.83 indicates a potential upside of 36 percent over the next 12 months. The company's services help to process batteries depending on the structure, form-factor and recoverable components from each battery type using automated hydrometallurgical processes, pyrometallurgical processes and hands-on . For more information, visit www.SolvedByRetriev.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/retriev-technologies-combines-with-heritage-battery-recycling-creating-the-largest-lithium-ion-battery-recycler-in-north-america-301393666.html, Plus500. All rights reserved. Operating Status Active. Retriev remains the only U.S. facility that was funded by the U.S. Department of Energy to construct a dedicated recycling facility for recycling hybrid and electric vehicle batteries. CatchingNews.com. Marubeni has grown its presence in the battery industry through such initiatives as acquiring exclusive sales rights to Zambian cobalt in Japan, which it has maintained since 1985, and trading of other critical raw materials for the battery industry. Total number of Crunchbase contacts associated with this organization, Total number of employee profiles an organization has on Crunchbase, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. 2. Learn more at: http://www.hobi.com/. Save my name, email, and website in this browser for the next time I comment. Discovery Company profile page for Retriev Technologies, Inc. including technical research,competitor monitor,market trends,company profile& stock symbol HOBI International, Inc., is a premier IT asset management and electronics recycling company with facilities in Illinois, Texas, and Arizona. We have comprehensive plans to continue toinvest in and grow the company's product suite and capabilities. For this partnership, Retriev and Marubeni will also cooperate with a chemical maker possessing highly technical knowledge and expertise cultivated through their experience in rechargeable battery industries. Retriev Technologies. Retriev is an Ohio-based company that provides services such as battery recycling and management for consumer and industrial batteries. Columbus, OH Easy Apply 7d. The shares last closed at AU$0.05. Retriev Technologies serves clients operating in the industrial, electronic, and automotive industries. The company will also provide safe transportation logistics to the partnering companys battery collection operations across North America. Through the HBR network, the partnering company will maintain access to more than 100,000 customer locations and 2.500 employees. 0.03 . With more than 5,000 employees and 30 operating companies worldwide, THG aims to build a safer, more enriching and sustainable world by harnessing the power of family. Retriev Technologies was the largest and most experienced cross-chemistry battery recycler in North America and has recycled more than 50 million pounds of lithium-ion batteries. Retriev, the recognized leader in battery management and recycling, has been at the forefront of safe and responsible recycling technology for decades, processing lithium batteries for over 30 years. Provider of battery recycling and management services to corporations, government entities and consumers. "Our mission to bring a sustainable model of closed loop recycling for critical materials that are necessary for the North American supply chain is one step closer to a reality with this merger. Retriev's operations include battery recycling and sorting facilities in Lancaster and Baltimore, Ohio, and Brea, California, as well as Trail, British Columbia. Delayed Nasdaq Announcement of Strategic Partnership between Retriev Technologies and Marubeni Corporation. About The Heritage GroupFounded in 1930, The Heritage Group (THG) is a fourth-generation, family-owned business managing a diverse portfolio of companies specializing in heavy construction and materials, environmental services, and specialty chemicals. Retriev has a well-respected track record of recycling LiB for over 20 years and has processed over 25 million pounds of batteries, displaying their unwavering commitment to best practice recycling solutions and management. 2 Fundings. INDIANAPOLIS, Oct. 6, 2021 /PRNewswire/ --Today Heritage announced the combination of Heritage Battery Recycling, its battery management and recycling business, with Retriev Technologies, the largest and most diverse lithium-ion battery processor in North America, with over 30 years in operation. Battery Solutions brings added processing, sorting, fulfillment, logistics and storage solutions with their 95,000-square-foot facility in Wixom, Michigan, and a 60,000-square-foot facility in Mesa, Arizona. Determine whether Retriev Technologies grew or shrank during the last recession. The Belgian firm is a recycling and materials technology conglomerate. HCCI. Don't wait - get our free report today! Retriev Technologies General Information. As hands on collaborative consultants and custom solution providers, KBI is known for knowledge, environmental integrity, proprietary technologies, service excellence and custom recycling programs that push the envelope of possibilities for sustainability that sets them apart from the competition. CBI websites generally use certain cookies to enable better interactions with our sites and services. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. You can read more about your. The companies will develop a business model by which valuable metals recovered from EOL LiB can be reused. HOBI, with nearly 30 years of ongoing related experience, is dedicated to be part of the solution managing these devices and products at the end of their first or second life, said Craig Boswell, President of HOBI. The Retriev facility in Canada is R2 and ISO certified. This is useful in estimating the financial strength and credit risk of the company. Increase in demand for zero-emission vehicles and the easy availability of finite metal resources propel the growth of the global electric vehicle battery recycling market An R2, RIOS, ISO 14001, and WBE certified firm, HOBI leads the electronics recycling industry in best practices for maximum recovery of reuse and recycling value, minimizing costs in processing, and mitigating safety risks in handling. The end-of-life management and recycling of these batteries is critical for environmental safety and sustainability, and it must be addressed now, said Rick Rose, Vice President of Retriev Technologies Ohio Corporate Headquarters. https://www.businesswire.com/news/home/20210601005988/en/, Schumer sets expedited process to consider clean debt ceiling suspension, South Korea finance minister: South Korea, Japan, China cooperation more important as world economy at inflection point, China's manufacturing wobble may drive coal use even higher: Maguire, Seven bodies, including two missing teens, found in Oklahoma town, SCHUMER MOVE LEAVES OPENING FOR DEFICIT-REDUCTION TALKS ONCE DEB, U.S. SENATE MAJORITY LEADER SCHUMER SETS IN MOTION PROCESS FOR V, JPMorgan deal forces Biden administration to defend record on mergers, Brazil's Petrobras to keep stake in Colombia's deepwater block Tayrona, Vice preparing to file for bankruptcy - NYT, Hollywood writers, studios talk as midnight strike deadline looms, US judge declares mistrial in Apple-Masimo smartwatch trade secrets fight, French police face off with anarchists on May Day, Analysis: JPMorgan's takeover of First Republic fuels M&A expectations. Stock image. Invest in the Green-Energy Revolution now with our free report! All rights reserved. Provider of battery recycling and management services to corporations, government entities and consumers. Company Type For Profit. of Transportation special permits for safe transport of higher capacity batteries. The position of the CEO is occupied by Steve Kinsbursky. ", Recognizing the growing market demand for safe, sustainable solutions for batteries, Jeff Laborsky, CEO of Heritage Environmental Services, set his sights on Retriev as the ideal technology partner to complement HES's core competency in materials handling. The company is keen to capitalize on the expanded scope of opportunities resulting from its merger with Retriev. The companies will develop a business model by which valuable metals recovered from EOL LiB can be reused. Marubeni : Distribution Agreement with LineVision to Improve Efficiency of Transmission Li.. Executive Officer & Manager-Corporate Planning. Retriev Technologies, Inc. announced that it has received funding on April 19, 2022. KULR stock also boasts a fleet of more than 1,300 vehicles and 108 facility locations across North America. View real-time stock prices and stock quotes for a full financial overview. Marubeni has combined this experience with technical knowledge, expertise and a global network in this sector. This maker also produces sulphate(*1), battery precursor(*2) and cathodes for rechargeable batteries used in both consumer products and electric vehicles. Combined Offering Creates Recycling Solution for Industry and Consumers Enabling a Circular Supply Chain Opportunity. Grant Accountant. The growing need for recycling lithium can be attributed to the . Marubeni Corporation and its consolidated subsidiaries use their broad business networks, both within Japan and overseas, to conduct importing and exporting (including third country trading), as well as domestic business, encompassing a diverse range of business activities across wide-ranging fields including lifestyle, ICT & real estate business, forest products, food, agri-business, chemicals, power business, energy, metals & mineral resources, plant, aerospace & ship, finance & leasing business, construction, auto & industrial machinery, and next generation business development. Retriev, the recognized leader in battery management and recycling, has been at the forefront of safe and responsible recycling technology for decades, processing . About KBIKBI is a fully permitted battery management and recycling operation in Southern California. (*3) Closed Loop Recycling: An essential waste management practice by which materials are recycled back into themselves to create another product, removing the waste disposal process. How Did The Kazia Therapeutics (KZIA) Stock Rise 7%. 2023 PitchBook. Required fields are marked *. The lithium-ion battery market size will continue to be driven by the proliferation of electric vehicles, along with declining prices of lithium-ion batteries. Recognizing the rapid expansion and projected growth of the EV market, the goal of this relationship will be to ensure that the lithium batteries used in EVs are collected and responsibly recycled in a manner that creates value within the battery industrys circular economy. "We're pleased to partner with Heritage to expand the reach and capabilities of Retriev," said Steve Kinsbursky, Chairman and CEO of Retriev, and President, CEO of KBI.
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