The combined offering brings two complementary industry leaders together to create the first and only comprehensive battery management solution in North America. Discovery Company profile page for Retriev Technologies, Inc. including technical research,competitor monitor,market trends,company profile& stock symbol . The global Battery Recycling market size was valued at USD 9582.44 million in 2022 and is expected to expand at a CAGR of 5.59% during the forecast period, reaching USD 13280.07 million by 2030. 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.". Invest in the Green-Energy Revolution now with our free report! Next-generation carbon fiber heat management solutions for batteries and electronic systems are developed, manufactured, We are uniquely positioned with a platform of services and products to address lithium-ion and cross-chemistry batteries at end-of-life. Shane Thompson will serve as President of the combined company. 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. Our extensive network has coast-to-coast coverage with battery experts to help you navigate the challenges of this expanding sector. Announce New Collaboration for Collection of EV Batteries. Required fields are marked *. This development results from the company's merger with Retriev Technologies. Grant Accountant. 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). Companies within the THG portfolio include Heritage Environmental Services, Heritage Construction + Materials, and Monument Chemical. Retriev Technologies, Inc. announced that it has received funding on April 19, 2022. Delayed Nasdaq Marubeni : Expansion of Pharmaceutical Business InitiativesClinical Trial for a No.. Marubeni Corporation - Business Alliance with PROS for the Manufacture and Sale of Rice.. Marubeni Corporation - Announcing the Marubeni Gallery Opening Exhibition IV, Marubeni : Business Alliance with PROS for the Manufacture and Sale of Rice Husk Biochar, Japan's Nikkei rallies for sixth day on Uniqlo-owner Fast Retailing's boost. from 8 AM - 9 PM ET. For more information, visit www.SolvedByRetriev.com, Cision Distribution 888-776-0942 Retriev is the only complete service provider for lithium and cross-chemistry in the industry, offering battery-centric logistics, collection program solutions and second-life applications. LANCASTER, Ohio-- . 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. KULR stock has reported a strong quarter, the momentum of which it hopes to carry on through the upcoming quarters. 2. Trail, B.C. This is hoped to facilitate consistent and organic increases in shareholder value. Canada (1 factory) Toxco Inc. rebranded in 2013 as Retriev Technologies Inc., retaining ownership of patents (McLaughlin and Adams, 1999; McLaughlin, 1994). KULR Technology Group Inc. (KULR) stock prices were up by 2.53% as of the market closing on October 6th 2021. It was founded in 1965 and is based in Lancaster, Ohio. 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. KBI is the ultimate downstream recycler that the industry trusts. Don't wait - get our free report today! Founded Date 1965. Battery disposal collection and logistics is complex, and we have the solution. Located in Brea, CA, xEV Strategies is a specialized testing, refurbishment, warehousing, and logistics platform for large-format electric vehicle batteries. This is useful in estimating the financial strength and credit risk of the company. This transaction solidifies the retention of strategic material handling technology and capability to domestically support the manufacturing sector, including US-based OEMs who are investing at unprecedented levels to support the conversion to electric vehicles. Find company research, competitor information, contact details & financial data for Retriev Technologies Ltd of Trail, BC. Retriev, the recognized leader in battery management and recycling, has been at the forefront of safe and responsible recycling technology for decades. Compare how recession-proof Retriev Technologies is relative to the industry overall. June 01, 2021 03:02 PM Eastern Daylight Time. The rapid electrification of the U.S. consumer, commercial, and industrial business sectors, requires rapid response and structuring from experienced members of the recycling industry. Company profile page for Retriev Technologies Inc including stock price, company news, press releases, executives, board members, and contact information Act Now and Secure Your Future in Green Energy! 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. 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. The companys merger with Retriev serves to facilitate the expansion of an already sizeable recycling footprint within North America. Description. Secure and increase the performance of your investments with our team of experts at your side. 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 . Headquarters Regions Great Lakes, Northeastern US. Stock analysis for Labrador Resources Inc (LTX:Venture) including stock price, stock chart, company news, key statistics, fundamentals and company profile. "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. This brought the price per share up to USD$2.03 at the end of the trading day. Date. 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. Moving forward, Heritage Battery Recycling will operate under the Retriev Technologies brand. Retriev Technologies acquired 2 companies. You can read more about your cookie choices at our privacy policyhere. Save my name, email, and website in this browser for the next time I comment. Grant Accountant. 773.621.2893, Internet Explorer presents a security risk. While a new recession may strike a particular industry, measuring the industry and company's . Retriev Technologies Inc. is a private company that has been in the industry for 38 years. Marubeni : Distribution Agreement with LineVision to Improve Efficiency of Transmission Li.. Executive Officer & Manager-Corporate Planning. Overview. "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. This partnership will ensure the success in bringing our shared vison of sustainability to fruition. 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. 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.. Retrievs process involves crushing the batteries and then retrieving the valuable metals from the crushed materials. Retriev's Profile, Revenue and Employees. (*2) Precursor: In the battery materials industry, this term refers to the material used before calcination process, that will be processed into cathode. Retriev Technologies. The market size for lithium-ion batteries is expected to surpass USD$116 billion by 2030. INDIANAPOLIS (March 9, 2022) - Retriev Technologies, the most comprehensive lithium battery recycler in North America and the pioneer in end-of-life battery management, has acquired Battery Solutions, the North American leader in sustainable, end-to-end management solutions for end-of-life batteries and consumer electronics.The combined offering brings two complementary industry leaders . Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. 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. The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. Retriev's operations include battery recycling and sorting facilities in Lancaster and Baltimore, Ohio, and Brea, California, as well as Trail, British Columbia. Act Now and Secure Your Future in Green Energy! KULR Technology Group Inc. (NASDAQ: KULR) stock surged by 2.53% at last close while the KULR stock-price gains by 1.48% in the after-hours trading session after its business partner Heritage Battery Recycling has signed an important merger deal with Retriev Technologies. Battery Solutions has a strategic national footprint with an expansive portfolio that services the entire end-of-life battery life cycle for EVs, telecommunications, consumer collection, waste management sectors and more. KULR stock also boasts a fleet of more than 1,300 vehicles and 108 facility locations across North America. 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. Delayed Japan Exchange kristy.finch@omalleyhansen.com 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.". SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Stock image. 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. INDIANAPOLIS--(BUSINESS WIRE)--Retriev Technologies, the most comprehensive lithium battery recycler in North America and the pioneer in end-of-life battery management, has acquired Battery Solutions, the North American leader in sustainable, end-to-end management solutions for end-of-life batteries and consumer electronics. 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. Also included in the transaction is KBI's xEV Strategies division. "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. 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. 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. Company Type For Profit. 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. Download Your FREE Green Energy Report & Unlock Your Investment Potential Today! Retriev Technologies is a battery recycling and management company. With over 30 years of commercial operations, Retriev represents the only long term North American lithium-ion battery recycling operation. Announcement of Strategic Partnership between Retriev Technologies and Marubeni Corporation. Recognizing the rapid . Phone Number +1 740-653-6290. Funding, Valuation & Revenue. Companies within the THG portfolio include Heritage Environmental Services, Heritage Construction + Materials, and Monument Chemical. All rights reserved. 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. For more than 30 . of Transportation special permits for safe transport of higher capacity batteries. The company currently specializes in the Environmental Services, Renewable Energy Equipment & Services areas. Win whats next. HCCI. Learn more at: http://www.retrievtech.com. 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 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. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Amount. For over 25 years, Retriev has built its reputation as a global leader in battery recycling and management. For more information, visit https://batterysolutions.com/. All rights reserved. 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. All rights reserved. The companies will develop a business model by which valuable metals recovered from EOL LiB can be reused. The Rectifier Technologies PE ratio based on its reported earnings over the past 12 months is null. The partnering company will serve the entire battery lifecycle, from pickup and transportation to critical material recovery and reuse. Investors. The collaboration is expected to create the largest lithium-ion battery recycler in North America. ", 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. This process is well suited to lithium primary batteries, which contain . The Retriev facility in Canada is R2 and ISO certified. Retriev is an Ohio-based company that provides services such as battery recycling and management for consumer and industrial batteries. Operating Status Active. Lancaster, OH Easy Apply 30d. "Based on my 20-year career in battery recycling, no other company is better suited for success in this industry," said Thompson. "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. Retriev Technologies General Information. CatchingNews.com. For more information, visit www.retrievtech.com. KULR stock will expand its offerings from its existing partnerships customer programs in the e-bike and scooter markets. "Based on my 20-year career in battery recycling, no other company is better suited for success in this industry," said Thompson. KULR Stock's Partnership. You're more than your latest funding, tell our customers your company's story. This development will provide a safe and cost-effective solution for their customers in the storage and transportation of lithium batteries for recycling. The current customer portfolio includes thousands of customers, with an emphasis on automotive OEMs, environmental services, retail, communications and consumer products. 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. 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. 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.
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