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NeoMagic (R) Corporation Announces Acquisition of Advanced Microwave Inc.

King Newswire

NeoMagic Corporation (OTC: NMGC), today is pleased to announce a significant milestone with the acquisition of Advanced Microwave Incorporated. Established in 1995, Advanced Microwave (www.advmic.com) Inc. has earned a distinguished reputation as a pioneering force in the design, R&D, manufacturing, and marketing of cutting-edge RF components, subsystems, mixers, amplifiers, data log Amplifiers, filters and converters tailored for both commercial and military applications. The company's hallmark innovation lies in its unique manufacturing process, fusing soft board (duroid) and alumina substrate (ceramic) into a singular package, creating a remarkably resilient and durable product capable of withstanding the most demanding environmental conditions. "We are thrilled with the acquisition of Advanced Microwave Inc.," expressed David Tomasello, Chairman of NeoMagic Corporation. "This transaction allows NeoMagic to enter new areas of growth, including the defense industry.” Syed Zaidi, President, and CEO of NeoMagic, echoed his enthusiasm for the acquisition, stating, "Today signifies the dawn of a new and exciting chapter for NeoMagic, as we welcome Advanced Microwave Inc. into the fold. Their exceptional and innovative products lineup seamlessly aligns with NeoMagic's commitment to providing our customers’ with top-tier solutions and products. We are eager to build upon Advanced Microwave Inc.'s legacy and elevate it to a prominent position in the marketplace." NeoMagic Corporation remains actively engaged in the exploration of strategic partnerships, joint ventures, and potential mergers and acquisitions, all aimed at expanding our product and technology portfolio. For more information, please contact Investor Relations at IR@neomagic.com About NeoMagic NeoMagic Corporation, headquartered in Silicon Valley, a pioneer in SOC (System On A Chip) and embedded dynamic random-access-memory (DRAM) technology, the integration of complex logic, memory and analog circuits into single-chip solutions, designed to offer the lowest power, smallest form-factor and best multimedia features and performance. For more information, visit www.NeoMagic.com. NeoMagic owns and operates Advanced Microwave Inc. NeoMagic owns and operates MercadoMagico.com MercadoMagico is a registered trademark. Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the Company's plans, objectives, projections, expectations and intentions and other statements identified by words such as "projects," "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," or similar expressions. These statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties, including those detailed from time-to-time in the Company's filings with the Securities and Exchange Commission, including our Form10-K's, 10-Q and 8-K's for 2007 through the date of October 31, 2010 hereof have been made available to the Investor at www.sec.gov. Information for the period ending January 30, 2011 to the present is not available through the SEC due to the cessation of the Company’s required filings under the 1934 Act. Actual results, including, without limitation, the Company's ability to successfully raise capital may differ significantly from those set forth in the forward-looking statements. Forward-looking statements involve risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company's control). For example, statements about our expectations in connection with financings are subject to a variety of uncertainties and are subject to change as a result of changes in circumstances that could make it difficult for us to consummate such financings on terms acceptable to the Company, or at all. The Company undertakes no obligation to update any forward-looking statements, except as provided for by law. NeoMagic is a registered trademark of NeoMagic Corporation and MiMagic is trademarked. All other trademarks are the property of their respective owners. NeoMagic disclaims any proprietary interest in the marks and names of others. Contact Details NeoMagic Rod Peterson +1 408-428-9725 IR@neomagic.com Company Website http://www.neomagic.com

November 16, 2023 03:39 PM Eastern Standard Time

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News Release

RBLZ Emerges As Top ERC-20 Token, Why Are Meme Coin Whales Accumulating?

RoundHouse Media

Embrace the Rebellion! Ready to release your inner rebel? There’s been a lot of talk about Bitcoin recently, but one cryptocurrency has developed into thе lеadеr of a distinct movеmеnt, establishing itself as one of the best cryptocurrеnciеs. Not your average coin, Rеbеl Satoshi is represented by thе $RBLZ token. Drivеn by thе community, its goals arе to ignitе changе, awakеn thе silеnt majority, and give your portfolio some massive gains. Rеbеl Satoshi is bringing about a fascinating new era, which quеstions traditional wisdom. Rеbеl Satoshi is a living embodiment of thе disobedient and fеarlеss spirits of Guy Fawkеs and Satoshi Nakamoto, two historical individuals who attеmptеd to bring down and chаllеngе established authority. Thе $RBLZ tokеn, which stands for solidarity and rеsistancе to thе status quo, acts as thе mission's bеacon. On a mission to takе on powеrful opponеnts, cеntralizеd organizations and thе privilеgеd fеw who gathеr unfathomable wealth, arе Rеbеl Satoshi and the Rеcusants. By еxposing thе repressive structures that benefit a select fеw еlitеs, this uprising seeks to show thе strеngth of dеcеntralization and solidarity against thosе with disproportionatе wеalth and powеr. Aiming High The bold objеctivе is to rеach a markеt capitalization of $100 million in ordеr to demonstrate thе power of a movement lеd by thе community - together, they want to prove that David can always beat Goliath. Rеbеl Satoshi hopеs to havе a significant impact on being thе best crypto to buy now by uniting and challenging cеntralizеd systеms, rеwriting thе rulеs and promoting unity to bring in an еxciting nеw wave in crypto. Thе Ethеrеum-based (ERC20) tokеn $RBLZ draws attеntion to inеquality and sеrvеs as a rеmindеr to thе thе favourites that thеy hаvе power whеn thеy comе togеthеr for a fun and morally еnriching causе. It's morе than just a tokеn; it's your pass to takе part in missions, gеt rеwards, stakе for morе advantages, and bеcomе a part of a thriving community that еmbracеs rеbеllion. In Rеbеl Satoshi's univеrsе, purposе and playfulnеss comе togеthеr, where laughter and unity arе thе prеfеrrеd weapons in this joyful uprising. Rеbеl Satoshi invites users to go on an adventure whеrе thеy can dеfy expectations and havе fun along thе way through playful еngagеmеnt, intеractivе missions, and meme culturе. Rеbеl Satoshi extends an invitation to you to join the transformation and inspire thе slееping sheep as we step into this fascinating nеw еra. $RBLZ: The Heart of the Rebellion And The Unique NFT Vault The central component of the Rеbеl Satoshi ecosystem is thе Rеbеl Satoshi Token, or $RBLZ. It’s a mеmе coin drivеn by thе community that represents dеcеntralization, solidarity, and rеbеllion. With $RBLZ, centralised systеms will be challenged and thе strеngth of the community will bе cеlеbratеd. Bеing an ownеr of $RBLZ grants you accеss to a widе rangе of community activitiеs, such as onlinе gеt-togеthеrs, intеractivе gamеs, and coopеrativе projеcts. Community mеmbеrs activеly support the expansion and stability of thе еcosystеm by staking $RBLZ, and they also еarn bеnеfits that arе consistent with thеir commitment to dеcеntralization. Your key to a revolutionary crypto еxpеriеncе whеrе dеcеntralization, rеsistancе, and unity arе essential is $RBLZ. Takе part in thе prеsalе, join thе movеmеnt, and become a Rеcusant—a proud member of the Rеbеl Satoshi community—to create changе in thе crypto industry for the better. Now, introducing one of the most popular NFT collеctions, including 9, 999 unique characters from thе Rеbеl Satoshi еcosystеm—Citizеns, Warriors, Rеbеls, Monarchs, and Rеcusants—will bе rеlеasеd by Rеbеl Satoshi. You could find a wеalth of uniquе digital artwork and collеctiblеs with this opportunity. Takе advantagе of a thriving markеt, exchange distinctivе NFTs, and honor Rеbеl Satoshi and Thе Rеcusants' rеbеllious naturе. Evеry popular NFT tеlls a part of the Rebel story and symbolizеs bravery, solidarity, and defiance that propеl the community's rеsistancе to opprеssion. Final Words If you want to get involved, community members actively support thе expansion of the Rеbеl Satoshi ecosystem by еngaging in staking. Thе efficient and transparent staking mechanism makes surе that rеwards arе dispersed automatically and equally. The longer you stake, the more you’ll make! For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram Contact Details Rebel Red media@rebelsatoshi.com

November 16, 2023 02:20 PM Eastern Standard Time

Nextech3D.ai announces successful contracts for Events Tech solutions platform Map D

Nextech3D.AI

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to report a surge in sales following the signing of several new agreements and the renewal of contracts with prominent organizations and associations throughout North America for its Event Tech Solutions Platform, known as Map D. Gappelberg highlighted to Proactive that notable agreements have been secured with various entities, including the Florida Association of Mortgage Professionals, the Georgia Association of Chiefs of Police, Sea Otter Europe, and the Lucky Leaf Expo, among others. Further expanding its technological frontier, the company has also unveiled a pioneering AR-powered mobile application designed specifically for tradeshow organizers. This application is an amalgamation of the existing Map D event management technology and ARway, an advanced AI-driven Augmented Reality Navigation platform. The app stands out in the market with its innovative approach to spatial computing, requiring no code and no beacons, thereby positioning itself as a trailblazer in the industry's augmented reality applications. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

November 16, 2023 01:06 PM Eastern Standard Time

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News Release

Ocean Power Technologies announces company has charted course to profitability

Ocean Power Technologies Inc

Philipp Stratmann, CEO of Ocean Power Technologies, shared exciting developments and initiatives aimed at achieving profitability in 2025 during an interview with Steve Darling from Proactive. One significant initiative involves the divestment of Ocean Power Technologies' non-core strategic consulting team. This strategic move will result in more than 50% of the company's employees being dedicated to customer delivery, reinforcing its focus on commercialization and revenue generation. Ocean Power Technologies has also reached an advanced stage in its research and development efforts, which positions the company to achieve profitability at a much quicker pace. Stratmann emphasized that this expectation does not account for any extraordinary expenses that could potentially require additional capital from financing sources. In addition to these initiatives, the company has appointed Matt Burdyny to the newly created role of Chief Commercial Officer. Burdyny will spearhead commercialization efforts aimed at supporting Ocean Power Technologies' financial goals. Notably, the majority of the company's team comprises US military and NATO veterans, as well as staff with security clearances, strengthening its capabilities in critical areas. These strategic actions underscore Ocean Power Technologies' commitment to achieving profitability while advancing its innovative technologies in the renewable energy sector. As the company continues to grow and expand its commercialization efforts, it aims to play a significant role in addressing the world's energy challenges through sustainable solutions. Contact Details Proactive Investors +1 347-449-0879 na-editorial@proactiveinvestors.com

November 16, 2023 12:39 PM Eastern Standard Time

Video

HTX Futures Championship Is Live! Refer Friends and Compete for a Share of the 1.2M USDT Prize Pool and a Grand Prize of 1 BTC

HTX

In the blink of an eye, 2023 has drawn to a close, and the eagerly anticipated new round of the HTX Futures Championship has arrived. With numerous strong competitors in the futures market, who will emerge victorious and ascend to reign supreme? Why not seize the opportunity to showcase your skills and take part in the HTX Futures Championship? According to an official announcement from HTX, the new round of the HTX Futures Championship officially commenced on November 14 at 8:00 (UTC). Participants are now encouraged to bring their friends into the event and collectively vie for a prize pool of 1.2 million USDT, along with a grand prize of 1 BTC. This month-long event will last from November 14th, 8:00 (UTC) to December 14th, 8:00 (UTC), offering participants the opportunity to partake in a variety of compelling competitions, including the Referral Competition, Individual Challenge, Team Challenge, and Lucky Draw. As of 6:00 (UTC) on November 15, a total of 2,386 participants have registered for the event. The larger the number of participants, the greater the prize pool. Take immediate action by clicking the Register Now button on the event page to enroll and take part in the championship. Event 1: Referral Competition: Invite friends to trade futures and grab up to 240,000 USDT Referral Prize Pool: Participants invite friends to sign up on HTX and encourage them to trade futures during the event period. Your invitees will be considered as your valid referrals, if they achieve a cumulative trading volume of ≥ 1,000 USDT. Participants must have ≥ 5 valid referrals to qualify for the referral ranking and become eligible to share 50% of the Referral Prize Pool & New Trader Prize Pool (The Referral Prize Pool and the New Trader Prize Pool each account for 50% of the total funds in the Referral Prize Pool & New Trader Prize Pool). New Trader Prize Pool: During the event period, participants who trade futures for the first time and reach a cumulative trading volume of ≥ 10,000 USDT will qualify to share 50% of the Referral Prize Pool & New Trader Prize Pool. However, a single participant can receive a maximum reward of 10 USDT. Event 2: Join the Individual Challenge and compete for up to 360,000 USDT During the event, participants who engage in futures trading and achieve a cumulative trading volume of ≥ 500,000 USDT will be entitled to compete in the trading volume leaderboard. A prize pool of up to 360,000 USDT in Futures Trial Bonuses will be shared among the top 100 participants. However, please pay attention to the following points: Individual futures trading volume = Total opening + closing amounts during the event period. In the event of multiple participants having the same trading volume, rankings will be determined based on their PnL ratios. Event 3: Team up for shared success and vie for up to 600,000 USDT In the team-up period, participants can opt to either create their own teams or become part of established ones. A team will be deemed successfully formed when it encompasses at least 5 members. During the challenge period, team members can bolster their team's PnL by trading futures. The top 20 teams with the highest cumulative PnL will qualify to share a Team Challenge Prize Pool of up to 600,000 USDT. Team Challenge Prize Pool Here are the rules for how rewards are distributed among team members: The team leader can receive 10% of the team rewards, and the remaining rewards will be distributed based on the individual PnL rankings of team members (including the team leader). The 1st place is eligible for 30% of the team rewards, the 2nd place is eligible for 20% of the team rewards, and the 3rd place is eligible for 10% of the team rewards. Other qualifying team members can evenly split 30% of the team rewards (Each individual's share cannot exceed 10%; if it does, it will be calculated at 10%). Throughout the team-up period, team changes after joining are not permitted. For a team to be considered successfully formed, it must consist of ≥5 members. At the end of the team-up period, teams with <5 members will be dissolved, and their members will be randomly reassigned to other teams. The calculation of the team's PnL will incorporate only the PnL of team members who have reached a cumulative trading volume of ≥ 200,000 USDT. Only the realized PnL from closed positions during the event period will be included. If multiple teams or participants within a team have the same PnL, rankings will be determined based on their cumulative futures trading volume. Event 4: Lucky Draw: Complete trading tasks for a shot at winning 1 BTC During the event period, participants will receive 1 entry into the lucky draw every time they achieve a futures trading volume of 5,000 USDT in a day. Each participant has the chance to gather up to 10 entries for the lucky draw per day. Participants' trading volumes will be reset to zero when a new day starts. The lucky draw boasts generous rewards, offering a chance to win up to 1 BTC. Participants' trading volume and lucky draw entries will be reset to zero every day, and any unused entries will be nullified. Fair Play on Global Stage: Trade with Confidence at HTX, A Top 3 Crypto Exchange for All Your Needs HTX, a top 3 crypto exchange worldwide, has maintained a flawless security record for the past decade. With a robust risk management system in place, HTX ensures the safety of users' assets. With top priority given to asset transparency, HTX regularly discloses its Proof of Reserves (PoR) audit reports to the public. Currently, HTX has upgraded to a dual PoR audit mechanism, utilizing Merkel Tree-based solutions and Zero-Knowledge Proof (ZKP), ensuring complete transparency of assets that can be verified at any time. At present, HTX has released the PoR audit reports for the 13th time, with data audited as of 00:00:00, November 1, 2023. Moreover, HTX consistently maintains a reserve ratio exceeding 100%. Furthermore, HTX boasts exceptional asset liquidity, guaranteeing the prompt fulfillment of users' trading needs. By choosing HTX, you are opting for a trusted crypto exchange that offers secure and efficient services for investors worldwide. In its vision for the upcoming decade, HTX aspires to evolve into an all-encompassing platform that spans spot trading, derivatives trading, and wealth and asset management. It aims to become a trusted metaverse free port for global users in the Web3 era. About HTX Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies - "global development, technology drives development, and technology for good" underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

November 16, 2023 12:30 PM Eastern Standard Time

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TUSD Attends Binance Blockchain Week as a Diamond Sponsor

TUSD

Binance Blockchain Week 2023 took place in Istanbul, Turkey from November 7-8. Themed on empowering the next billion with the future of Web3, this year's gathering focuses on how blockchain and cryptocurrencies can financially empower a billion more users around the globe. The event brought together a diverse group of top blockchain experts worldwide to discuss market dynamics in trending areas such as Web3, DeFi, and stablecoins, providing a wealth of expertise and investment insights. TUSD was invited to the conference as a top-tier Diamond Sponsor. The prospects and challenges currently faced by stablecoins came to be one of the spotlights at the conference. At the Main Stage discussion titled "Unlocking Value and Stablecoin Adoption in Asia", the guest speakers analyzed the current state and future prospects of stablecoin trading in the Asia Pacific region, while acknowledging the immense potential of stablecoins to transform the future of crypto finance. The global community has come to recognize the significance of the Web3 industry, with the Asia-Pacific region particularly stressing it as a key sector for future development. Countries and regions such as Hong Kong, Japan, and Singapore are enacting laws and providing official guidance to support the growth of their local crypto economies, and stablecoins have garnered substantial attention. Being a burgeoning epicenter for crypto development, Turkey wholeheartedly embraces crypto payments dominated by stablecoins. Now, the fluctuating exchange rate of Turkish lira has troubled the Turkish people. But stablecoins not only provide stability in value but also utilize blockchain technology for settlements, thereby reducing costs. Thus, some people believe that stablecoins can effectively alleviate this predicament and make people's lives easier. In recent years, TUSD has focused on developing multi-chain versions to inject stable and high-quality liquidity into various DeFi ecosystems, while also embracing market trends by enhancing blockchain technology adoption in real-world payments. This provides various projects with reliable crypto options and propels crypto payments. Various projects have accepted TUSD as a major payment option, including Web3 shopping platform UQUID, the crypto-friendly travel-booking platform Travala.com, and CryptoWallet.com, a one-stop shop for crypto transactions. As of now, TUSD is available on over 100 digital asset exchanges and an assortment of DeFi platforms across the globe. It has a total supply of 3,334,570,520 and 409,172 holder addresses, ranking fourth among all stablecoins in the market. A TUSD spokesperson noted, “As the world’s first dollar-pegged stablecoin that is attested live on-chain by an independent third party, TUSD strives to become the go-to choice for global crypto payment and transfers services by lowering payment costs and offering more use cases.” About TUSD TrueUSD (TUSD) is the first digital asset attested live on-chain by an independent third-party institution and pegged at 1:1 to the U.S. dollar. It has been listed on 100+ trading platforms such as Binance and HTX, and is live on 10+ mainstream public chains including Ethereum, TRON, Avalanche, BNB Chain, Fantom, and Polygon.TUSD is attested in real-time by The Network Firm LLP, an independent and industry-specialized certified public accountant (CPA) firm, and integrated with Chainlink's industry-leading Proof of Reserve to secure minting and further ensure transparency and reliability. TUSD was granted by the government of Commonwealth of Dominica statutory status as authorized digital currency and medium of exchange on October 7, 2022. Contact Us Website | Twitter | Medium | Discord | Telegram | YouTube | Instagram Contact Details Cristian Ng pr@trueusd.com

November 16, 2023 12:14 PM Eastern Standard Time

ARway.ai secures four new deals as company sees strong growth to close out 2023

ARway

ARway.ai CEO Even Gappelberg joined Steve Darling from Proactive regarding the company's recent developments and new SaaS subscription deals. ARway.ai has announced four new developer SaaS subscription deals that include monthly recurring revenue. Gappelberg explained that the company expects approximately 50% of these new subscribers to transition to ARway's partner program, which comes at a cost of $10,000. From there, subscribers may move on to a $100,000+ program based on their usage and the square footage of the space they are utilizing. These deals represent a significant milestone for ARway.ai, as they demonstrate the growing demand for the company's advanced augmented reality (AR) solutions. The new subscribers are spread across various countries, including the United States, Belgium, Italy, and India, underscoring the global appeal of ARway's technology. In 2023, ARway.ai has already achieved notable accomplishments, including over 3,500 user accounts signed up for its platform, a total of over 4,000 maps created, and more than 45 pilots and trials underway. These achievements position the company for significant revenue growth potential as it continues to expand its presence and deliver innovative AR solutions to a diverse range of industries and markets. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

November 16, 2023 11:46 AM Eastern Standard Time

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PathAI Announces AISight Support of DICOM Standards and Commits to Being a Leader in Integrated Enterprise Image Architecture and Strategy

PathAI

PathAI, a leading technology company which combines AI-powered pathology solutions with end-to-end central pathology and histology services, today announced that AISight™ [1] supports rendering DICOM® Visible Light (VL) Whole Slide Microscopy Image files. AISight is a state-of-the-art, interoperable, intelligent case and image management system to assist pathologists in the review of digitized whole slide images (WSIs) with a comprehensive menu of fully embedded AI solutions. The incorporation of modern digital pathology into the DICOM standard was finalized in 2010, allowing organizations to integrate digital pathology into their existing IT systems, providing vendor flexibility, and enabling integrated storage with other imaging modalities (e.g., radiology) in vendor neutral archives (VNAs). DICOM support is a major advancement towards enabling PathAI’s vision of interoperable pathology systems that fit seamlessly into providers current or future enterprise image architecture and strategy. “We’ve been collaborating with many large academic medical centers and health systems over the last year to provide consultative support on digitalization of pathology workflows. In these discussions, one thing is clear. Chief information officers (CIOs) and enterprise imaging architects are pushing for vendors to adopt DICOM to drive imaging interoperability,” said Don O’Neill, SVP of Engineering and IT at PathAI. “PathAI is committed to doing just that and being able to render DICOM image files is the first step in that direction.” As part of its investment into DICOM, PathAI is making a commitment to interoperability and providing solutions that integrate with organizations’ enterprise image management and archive strategy, including through VNAs. PathAI will also launch its DICOMweb API in its next release, which will enable AISight to receive DICOM images from external applications, push images back to VNAs leveraging customer’s DICOMweb API, utilize the DICOM file to supplement or validate image/case data, and enable prefetch to pull historical cases/studies directly from image archives. “By investing into interoperability with enterprise image archives, we’re demonstrating to our customers that we are strategically positioned to provide long term value. No matter where a customer is in the imaging journey, we can help them,” said Andy Beck, MD, PhD, co-founder and chief executive officer of PathAI. To learn more about this integration, visit www.PathAI.com or meet with our team at upcoming conferences including Digital Pathology & AI Congress Europe, London (Booth #30, December 7-8). 1- AISight is for Research Use Only. Not for use in diagnostic procedures. About PathAI PathAI is the only AI-focused technology company to provide comprehensive precision pathology solutions from wet lab services to algorithm deployment for clinical trials and diagnostic use. Rigorously trained and validated with data from more than 15 million annotations, its AI-powered models can be leveraged to optimize the analysis of tissue samples to improve efficiency and accuracy of pathology interpretation, as well as to better gauge therapeutic efficacy and accelerate drug development for complex diseases. PathAI, which is headquartered in Boston, MA, and operates a CAP/CLIA-certified laboratory in Memphis, TN, is proud to be a rapidly expanding organization of innovative thinkers from around the globe. For more information, please visit www.pathai.com. Contact Details SVM Public Relations and Marketing Communications Maggie Naples +1 401-490-9700 pathai@svmpr.com Company Website https://www.pathai.com/

November 16, 2023 10:00 AM Eastern Standard Time

Beyond Recycling: Aqua Metals Leads The Charge In Building Circular Domestic Supply Chain of Critical Minerals for Lithium Batteries

Benzinga

By Faith Ashmore, Benzinga As the world ushers in a new era of sustainability and electrification, the ability to recycle the critical minerals that will power our devices, our vehicles and our economy is fundamental to achieving the most ambitious global clean energy goals. In this fast-approaching future, developing truly sustainable recycling stands out as a crucial component of building a circular economy for the critical minerals necessary for manufacturing solar panels, wind turbines, and especially lithium-ion batteries. Companies like Aqua Metals Inc. (NASDAQ: AQMS) are at the forefront of this transition, redefining the recycling landscape with innovative technologies that are delivering a clear path to net-zero battery recycling. Understanding Clean Recycling Sustainable recycling is the process of converting end-of-life products and materials into new resources that can be fed right back into the supply chain, without creating a new environmental hazard due to harmful emissions or significant waste. Today, most lithium battery recycling uses fossil fuel-powered furnaces and/or intensive chemical processes that produce significant carbon emissions and generate untenable waste streams that end up in landfills (or worse, dumped in the ocean). Just because something is labeled as recycling doesn’t mean that it is inherently clean or sustainable – how we recycle matters. With the mounting dependency on battery technology and the need to recycle millions of tons of lithium-ion batteries in the coming years, adopting environmentally sound recycling methods is essential to support the deployment of clean energy technologies and combat climate change. Aqua Metals' Mission And Technology Aqua Metals is pioneering the path toward environmentally responsible recycling with its commitment to clean recycling practices. Utilizing its proprietary AquaRefining™ technology, the company leverages the power of electricity to extract valuable metals from spent lithium and EV batteries. This innovative and patented process, which circumvents the need for thermal processing or trainloads of consumable chemicals, drastically cuts down on both waste and emissions. The crux of their mission is to turn the tide on traditional, environmentally burdensome recycling methods by offering a solution that is not only cleaner but also cost-effective and able to produce battery-grade recycled materials from spent batteries. With this approach, Aqua Metals is hoping to set a new benchmark for sustainability within the clean metals recycling industry – and build a circular domestic supply chain for critical battery minerals. The AquaRefining Process At the core of Aqua Metals' innovation is the AquaRefining process, a sophisticated system that transforms lithium battery ‘ black mass ’ – the industry term for the composite of shredded battery metals and manufacturing scraps ready to be recycled – into high-purity, reclaimed materials ready to be delivered back into the supply chain. Initiating by dissolving this black mass in a specialized solution of water and diluted acid, the process is meticulously automated to yield uniform and predictable outcomes across varying batches of black mass from various sources. The dissolved material then flows through a number of finely tuned stages, from various filters to remove impurities to a number of specific unit operations to capture individual metals found in lithium batteries (including lithium, cobalt, nickel, copper, and manganese). The main differentiator – and what enables the patented recycling process to boast such an environmental and economic advantage – is replacing the polluting furnaces and intensive chemical processes used today with clean electricity. Instead of using heat or chemical reactions to extract the valuable materials, Aqua Metals uses an innovative application of electroplating – quite literally pulling the dissolved metals out of the solution atom-by-atom and attaching them to an electrode for recovery of high-purity materials. The other hallmark of this groundbreaking process is its regenerative approach, where electricity is also employed to replenish the proprietary solution the company uses to dissolve the materials – thereby enhancing economic viability and lowering chemical usage on site by more than 95% compared to competing recycling technologies. These distinctive advantages underscore Aqua Metals' commitment to a sustainable and economically sound recycling methodology that enables a truly circular supply chain – without all the chemical waste and climate pollution of today’s leading recycling processes. Economic And Environmental Impact The economic benefits of Aqua Metals' approach are clear. Aqua Metals' AquaRefining technology delivers advantages through the production of high-purity metals from spent batteries using clean electricity. Replacing furnaces and significant chemical and waste storage facilities in traditional recycling could lower necessary capital costs by as much as half for a new recycling facility. And managing on-site storage for trainloads of chemicals each week, producing and disposing of equal amounts of chemical byproducts, and powering energy-intensive furnaces create much higher and less predictable operating costs. Environmentally, Aqua Metals reports that AquaRefining reduces carbon emissions by more than 83% compared to hydrometallurgy competitors. While traditional methods emit tons of CO2 and generate more sodium sulfate waste than valuable materials recovered, AquaRefining’s emissions are as clean as the electricity the company is able to source, with exceptionally high recovery rates and no waste byproducts sent to a landfill. This approach not only minimizes the environmental footprint but also bolsters the United States' efforts to establish a sustainable loop for lithium and other critical battery minerals. Strategic Partnerships For A Circular Economy Through strategic partnerships with companies like 6K Energy, Aqua Metals is poised to create the first sustainable circular domestic supply chain for critical minerals, creating a continuous loop of recycled materials feeding back into the lithium battery manufacturing supply chain. This venture will see the co-location of recycling and cathode manufacturing facilities, leading to the first production of low-carbon cathode active materials from recycled battery elements in the industry. Advancements In Battery Manufacturing Aqua Metals has also collaborated with Dragonfly Energy Holdings Corp (NASDAQ: DLFI) to supply the manufacture of lithium-based battery cells using high-purity lithium hydroxide recovered through their recycling process. This marks a stride toward a more sustainable lithium battery manufacturing industry, potentially setting the stage for a closed lithium loop within the state of Nevada. Critical Minerals And National Interests In the wake of the Inflation Reduction Act (IRA), Aqua Metals is emerging as a key player in realizing the U.S.'s ambition for a clean, electrified economy. The company's AquaRefining™ technology revolutionizes the recycling of lithium-ion batteries, offering a net-zero emissions pathway that aligns with the IRA's emphasis on sustainable practices and building domestic capacities to produce critical minerals. Critical mineral security is not just an economic opportunity for the country but also a national security necessity as these refined metals become more central to our economy. The company’s innovative approach tackles the challenges of critical mineral scarcity and environmental degradation, ensuring a more sustainable and circular approach to battery recycling, which is crucial for the burgeoning EV sector. Aqua Metals is pushing to become a leader in sustainable lithium battery recycling, offering innovative solutions to the waste and emissions challenges inherent in current recycling. With its advanced technology and strategic initiatives, Aqua Metals is not just recycling materials but possibly reshaping the very fabric of the industry for a sustainable future. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 16, 2023 09:00 AM Eastern Standard Time

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