KULR stock will expand its offerings from its existing partnerships customer programs in the e-bike and scooter markets. Retriev Technologies. Your email address will not be published. Overview. "Over 7 million electric vehicles were sold in the last decade, and as production of new models ramp up and older models near end of life, the need for recycling and reuse solutions has never been greater," Laborsky observed. Global EV and electrification trends are accelerating at rates that both drive scarcity of natural resources on the front end and necessitate careful end-of-life management to harness recycled natural resources, said Thomas Bjarnemark, CEO, Battery Solutions. HOBI International Inc. (HOBI) and Retriev Technologies Inc. (Retriev) have entered into a collaborative partnership for the purpose of collecting and recycling large format electric vehicle (EV) batteries throughout North America. 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. our sites and services. 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. "Our experience with safely handling hazardous waste and managing total byproduct programs makes us a natural fit for collaboration with Retriev and the various automotive and battery manufacturers facing this industry-wide recycling opportunity.". 34.70. For more information, visit www.retrievtech.com. For more information, visit https://batterysolutions.com/. Nogin Inc. (NASDAQ: NOGN) is experiencing a significant surge in its stock price, with its, Pliant Therapeutics Inc (NASDAQ: PLRX) has seen a significant increase in its stock price during, In Thursdays after-hours trading, shares of Steakholder Foods Ltd. (NASDAQ: STKH) rose 6.36% to $1.17, After announcing cooperation, Kazia Therapeutics Limited (NASD: KZIA) is climbing the charts today, up 7.29%, 2022 All rights reserved! The combination with Retriev marks a key step in Heritage's expansion to further develop a comprehensive recycling and reuse battery management platform. All rights reserved. Its headquarters is located at Lancaster, Ohio, USA. Provider of battery recycling and management services to corporations, government entities and consumers. "Based on my 20-year career in battery recycling, no other company is better suited for success in this industry," said Thompson. 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. Copyright 2023 Surperformance. Battery Solutions sophisticated cross-chemistry collection, exceptional battery-centric logistics network, largest end-of-life battery sorting services in North America, and customer-centric approach to end-of-life battery management complements Retrievs long heritage as the oldest and largest lithium-ion battery processing operation. -, Marubeni Corporation - Expansion of Pharmaceutical Business Initiatives, Marubeni : Expansion of Pharmaceutical Business InitiativesClinical Trial for a Novel -lactamase Inhibitor in China. This process is well suited to lithium primary batteries, which contain . While a new recession may strike a particular industry, measuring the industry and company's . Phone Number +1 740-653-6290. Companies within the THG portfolio include Heritage Environmental Services, Heritage Construction + Materials, and Monument Chemical. Company profile page for Retriev Technologies Inc including stock price, company news, press releases, executives, board members, and contact information Heritage-crystal Clean, Inc. : Entry into a Material Definitive Agreement, Financial State.. Barrington Research Ups Price Target on Heritage-Crystal Clean to $46 From $45, Keeps O.. Baird Adjusts Heritage-Crystal Clean Price Target to $43 From $42, Maintains Outperform.. Needham Adjusts Heritage-Crystal Clean Price Target to $41 From $40, Maintains Buy Rati.. Transcript : Heritage-Crystal Clean, Inc, Q4 2022 Earnings Call, Mar 02, 2023, Heritage-crystal Clean : Q4 Earnings Snapshot, President, Chief Executive Officer & Director, Chief Financial Officer & Executive Vice President. 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. The companies will develop a business model by which valuable metals recovered from EOL LiB can be reused. Retriev is an Ohio-based company that provides services such as battery recycling and management for consumer and industrial batteries. The shares last closed at AU$0.05. KULR Technology Group Inc. (KULR) stock prices were up by 2.53% as of the market closing on October 6th 2021. October 6 th 2021 saw KULR stock announce the expansion of its share in the safe battery transportation market share. 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. Win whats next. 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, . 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. 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. . Valuation. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Retriev Technologies specializes in the recycling and management of batteries and battery related wastes. By continuing to use this site you are consenting to these choices. We are uniquely positioned with a platform of services and products to address lithium-ion and cross-chemistry batteries at end-of-life. As continuous growth is expected for the LiB market, proper EOL LiB waste management is one of the most critical global challenges for improving the sustainability of the battery supply chain. 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. Contact Email info@retrievtech.com. Moving forward, Heritage Battery Recycling will operate under the Retriev Technologies brand. Personalize which data points you want to see and create visualizations instantly. Projected CAGR is forecasted to be 12.3% from 2021 to 2030, as per a recent report from 2021. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Retriev Technologies, Inc. announced that it has received funding on April 19, 2022. Retriev Technologies's latest funding round was a Corporate Minority for on April 19, 2022. 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. All rights reserved. Retriev utilizes a patented hydrometallurgical process which recovers critical materials necessary for the manufacturing of lithium-ion batteries that are used to power our world. Retriev is a pioneer and market leader in the North American battery recycling industry. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Funding, Valuation & Revenue. 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. 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. 86% of retail CFD accounts lose money, 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, Registration on or use of this site constitutes acceptance of our. Download Your FREE Green Energy Report & Unlock Your Investment Potential Today! -, Heritage-Crystal Clean, Inc. to Hold 2023 First Quarter Conference Call, Heritage Crystal Clean : to Hold 2023 First Quarter Conference Call25.6 KB, Truist Securities Initiates Heritage-Crystal Clean at Buy With $42 Price Target. 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. Their latest acquisition was Battery Solutions on March 09, 2022. Retriev's reputation is built on research, knowledge, compliance and responsible battery recycling and management services. 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. Retriev Technologies Inc. and HOBI International, Inc. 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. 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 . The partnering company will serve the entire battery lifecycle, from pickup and transportation to critical material recovery and reuse. Crystal Clean invested in Retriev Technologies's Corporate Minority funding round. KBI has over 60 years of experience as specialists in the recovery of metals from end-of-life batteries and precious metals from automotive catalysts. Date. (*2) Precursor: In the battery materials industry, this term refers to the material used before calcination process, that will be processed into cathode. 2023 PitchBook. Company Name Retriev Technologies Inc. Office Ohio, United States of America Factory location Trail, B.C. Find More Contacts for Retriev Technologies, Edit Lists Featuring This Company Section, Cirba Solutions Unveils New Combined Entity of Heritage Battery Recycling, Retriev Technologies, and Battery Solutions, Designed to Build Circular Battery Supply Chain, Retriev Technologies Acquires Battery Solutions to Create Largest Comprehensive Battery Management Solution in North America, Pennsylvania Companies With Fewer Than 1000 Employees (Top 10K). 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. 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. The Belgian firm is a recycling and materials technology conglomerate. 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. Analyst Briefing Submitters are 7x more likely to receive a qualified connection. 773.621.2893, Internet Explorer presents a security risk. This development results from the company's merger with Retriev Technologies. Your email address will not be published. Shane Thompson will serve as President of the combined company. Round. KBI is the ultimate downstream recycler that the industry trusts. Next-generation carbon fiber heat management solutions for batteries and electronic systems are developed, manufactured, Determine whether Retriev Technologies grew or shrank during the last recession. Provider of battery recycling and management services to corporations, government entities and consumers. RVP | Complete Retractable Technologies Inc. stock news by MarketWatch. Why Has The Steakholder Foods (STKH) Stock Price Gained 6% After-Hours? Retriev Technologies, Inc. announced that it has received funding on April 19, 2022. 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. 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. Columbus, OH Easy Apply 7d. Legal Name Retriev Technologies. About Retriev Technologies. 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. Retriev Technologies contact info: Phone number: (740) 653-6290 Website: www.retrievtech.com What does Retriev Technologies do? site you are consenting to these choices. Retriev's North American operations provide a unique platform for the launch of this partnership, with battery recycling and sorting facilities located in Lancaster, OH, Baltimore, OH, and Trail, British Columbia. 2 Fundings. Don't wait - get our free report today! About KBIKBI is a fully permitted battery management and recycling operation in Southern California. CBI websites generally use certain cookies to enable better interactions with our sites and services. The collaboration is expected to create the largest lithium-ion battery recycler in North America. How Did The Kazia Therapeutics (KZIA) Stock Rise 7%. Paired with Heritage's collection and transportation network via partnerships with Heritage Environmental Services (HES) and Heritage-Crystal Clean, the collaborative operations moving forward represent the only comprehensive logistics, recycling, and reuse platform available in the industry today. Secure and increase the performance of your investments with our team of experts at your side. Secure and increase the performance of your investments with our team of experts at your side. 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. "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 growing need for recycling lithium can be attributed to the . Company Type For Profit. The combined knowledge and experience in battery recycling and reuse, collection and transportation, safety and environmental compliance serves as an unmatched platform to responsibly support the rapidly growing battery space. "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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Delayed Nasdaq View source version on businesswire.com: https://www.businesswire.com/news/home/20210601005988/en/, Singapore bank DBS reports Q1 profit jumps 43% to new high, Qantas to appoint CFO Vanessa Hudson as its new CEO, Air Lease says aircraft delivery delays to persist for years, LIVESTOCK-Lean hogs down on profit taking, technicals after one-month highs, Asian finance leaders to debate beefing up market safeguards, Exxon Mobil not quitting exploration in Brazil, QUOTES - US Treasury's new June 1 debt ceiling X-date, British royals release photo of a beaming Princess Charlotte, U.S. HOUSE SPEAKER MCCARTHY: THERE IS A BILL SITTING IN THE SENA, U.S. HOUSE SPEAKER MCCARTHY: THE SENATE AND THE PRESIDENT NEED. Marubeni has combined this experience with technical knowledge, expertise and a global network in this sector. Retrievs process involves crushing the batteries and then retrieving the valuable metals from the crushed materials. All rights reserved. It was founded in 1965 and is based in Lancaster, Ohio. Subsequent premarket fluctuations have seen the stock surge by 1.48%, bringing it up to USD$2.06. Download Your FREE Green Energy Report & Unlock Your Investment Potential Today! The companies will develop a business model by which valuable metals recovered from EOL LiB can be reused. This creates a substantial material resource for auto OEMs and battery manufacturers in the circular supply chain.. This brought the price per share up to USD$2.03 at the end of the trading day. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Retriev Technologies serves clients operating in the industrial, electronic, and automotive industries. Battery Solutions is committed to conserving natural resources from spent batteries, and diverting them from landfills, through scalable programs. 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. You're more than your latest funding, tell our customers your company's story.