Li-Cycle Strengthens IP Position Receiving Two Additional U.S. Patents – Yahoo Finance

e043264c5ffe7348f9405b7d58268894 ProxyEgg Li-Cycle Strengthens IP Position Receiving Two Additional U.S. Patents - Yahoo Finance

Li-Cycle continues to build technology presence in United States with granted patents from the U.S. Patent and Trademark Office relating to the processing and recovery of critical, finite materials from lithium-ion batteries

Li-Cycle Corp. (“Li-Cycle” or the “Company”), an industry leader in lithium-ion battery resource recovery and the largest lithium-ion battery recycler in North America, today announced that the U.S. Patent and Trademark Office (“USPTO”) has granted it two utility patents, No. 10,919,046 and No. 10,960,403, which further strengthen Li-Cycle’s IP position in the U.S. and as a technology leader.

Li-Cycle is a technology-focused business and receiving these patents demonstrates the Company’s strong technology position in the U.S. market. The Company has a robust and growing patent portfolio, with a focus on innovation, research and development, as well as continued commercialization of its proprietary battery recycling technology.

“We are very excited to announce that the USPTO has granted us two utility patents, as these mark another significant step forward for Li-Cycle and further reinforce our IP position in the North American market and in turn, globally,” said Tim Johnston, Co-Founder and Executive Chairman of Li-Cycle. “At its core, Li-Cycle is a technology company, and we will continue to innovate as the leader in sustainable processing and recovery of critical, finite materials from lithium-ion batteries to reintroduce them back into the economy and close the supply chain loop. Technology development and commercialization will continue to remain of paramount focus for our business as we scale globally.”

These recently granted patents No. 10,919,046 and No. 10,960,403, in combination with Li-Cycle’s related, pending U.S. patent publication nos. US2020/0078796, US2021/0078013, and US2021/0078012, strengthen Li-Cycle’s intellectual property position in the United States in relation to the processing and recovery of critical, finite materials from lithium-ion batteries.

The imperative for economically and environmentally sustainable resource recovery and recycling is growing in lockstep with the rapid growth of battery manufacturing. Li-Cycle utilizes its patented Spoke & Hub Technologies™ to achieve the industry-leading recovery rate and to produce the critical battery materials underpinning the global growth in electric vehicle production. Legacy recycling technologies have largely relied on thermal operations, which can emit harmful emissions and result in lower recovery rates. Li-Cycle’s Spoke & Hub Technologies™ achieve up to 95% resource mass recovery. The Company’s two-stage battery recycling model enables customers to benefit from a safe and environmentally friendly solution for recycling all types of lithium-ion battery materials.

On February 16, 2021, Li-Cycle announced its entry into a definitive business combination agreement with Peridot Acquisition Corp. (NYSE: PDAC) (“Peridot”). Upon the closing of the business combination, which is expected in the second quarter of 2021, the combined company will be named Li-Cycle Holdings Corp. Li-Cycle intends to apply to list the common shares of the combined company on the New York Stock Exchange under the new ticker symbol, “LICY.”

About Li-Cycle Corp.

Li-Cycle is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

In connection with the proposed transaction involving Li-Cycle and Peridot, Li-Cycle Holdings Corp. (“Newco”) has prepared and filed with the SEC a registration statement on Form F-4 that includes both a prospectus of Newco and a proxy statement of Peridot (the “Proxy Statement/Prospectus”). Once effective, Peridot will mail the Proxy Statement/Prospectus to its shareholders and file other documents regarding the proposed transaction with the SEC. This communication is not a substitute for any proxy statement, registration statement, proxy statement/prospectus or other documents Peridot or Newco may file with the SEC in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE, ANY AMENDMENTS OR SUPPLEMENTS TO THE PROXY STATEMENT/PROSPECTUS, AND OTHER DOCUMENTS FILED BY PERIDOT OR NEWCO WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the Proxy Statement/Prospectus and other documents filed with the SEC by Peridot or Newco through the website maintained by the SEC at www.sec.gov.

Investors and securityholders will also be able to obtain free copies of the documents filed by Peridot and/or Newco with the SEC on Peridot’s website at www.peridotspac.com or by emailing [email protected].

PARTICIPANTS IN THE SOLICITATION

Li-Cycle, Peridot, Newco, and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of proxies in connection with the proposed transaction, including a description of their direct or indirect interests, by security holdings or otherwise, are set forth in the Proxy Statement/Prospectus. Information regarding the directors and executive officers of Peridot is contained in Peridot’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 26, 2021 and certain of its Current Reports filed on Form 8-K. These documents can be obtained free of charge from the sources indicated above.

NO OFFER OR SOLICITATION

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities of Peridot or Newco or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

Certain statements contained in this communication may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21 of the Securities Exchange Act of 1934, as amended, including statements regarding the proposed transaction involving Li-Cycle and Peridot and the ability to consummate the proposed transaction. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely”, “believe,” “estimate,” “project,” “intend,” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) the risk that the conditions to the closing of the proposed transaction are not satisfied, including the failure to timely or at all obtain shareholder approval for the proposed transaction or the failure to timely or at all obtain any required regulatory clearances, including under the Hart-Scott Rodino Antitrust Improvements Act; (ii) uncertainties as to the timing of the consummation of the proposed transaction and the ability of each of Li-Cycle and Peridot to consummate the proposed transaction; (iii) the possibility that other anticipated benefits of the proposed transaction will not be realized, and the anticipated tax treatment of the combination; (iv) the occurrence of any event that could give rise to termination of the proposed transaction; (v) the risk that stockholder litigation in connection with the proposed transaction or other settlements or investigations may affect the timing or occurrence of the proposed transaction or result in significant costs of defense, indemnification and liability; (vi) changes in general economic and/or industry specific conditions; (vii) possible disruptions from the proposed transaction that could harm Li-Cycle’s business; (viii) the ability of Li-Cycle to retain, attract and hire key personnel; (ix) potential adverse reactions or changes to relationships with customers, employees, suppliers or other parties resulting from the announcement or completion of the proposed transaction; (x) potential business uncertainty, including changes to existing business relationships, during the pendency of the proposed transaction that could affect Li-Cycle’s financial performance; (xi) legislative, regulatory and economic developments; (xii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak (including COVID-19), as well as management’s response to any of the aforementioned factors; and (xiii) other risk factors as detailed from time to time in Peridot’s reports filed with the SEC, including Peridot’s annual report on Form 10-K, periodic quarterly reports on Form 10-Q, periodic current reports on Form 8-K and other documents filed with the SEC. The foregoing list of important factors is not exclusive. Neither Li-Cycle nor Peridot can give any assurance that the conditions to the proposed transaction will be satisfied. Except as required by applicable law, neither Li-Cycle nor Peridot undertakes any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210407005345/en/

Contacts

Investor Relations: [email protected]
Press: [email protected]

Source of this news: https://finance.yahoo.com/news/li-cycle-strengthens-ip-position-110000717.html

Related posts:

Shortening CIP Security From: Rockwell Automation - Manufacturing. on line
Recently launched to assist manufacturers with CIP security is the Allen-Bradley CIP Florida security Proxy   along with Rockwell Automation. Features and even capabilities include: Can...
To decide Best Migration Path totally from Exchange to Office 365? - Infosecurity Magazine
Due to present attacks and multiple ‘proxy’ (authentication bypass) vulnerabilities seen along on-premises Exchange servers, it is a headache for financial concerns to keep updating their machin...
HAProxy Found Vulnerable to Critical HTTP Request Smuggling Attack a considerable Internet
A critical assurance vulnerability has been disclosed regarding HAProxy , a widely used open-source insert balancer and proxy internet protokol, that could be abused by a adversary to possibly...
Ones Orioles’ losing streak is expired. The rebuild is definitely not it. But a much-needed win teas...
“We went down, I think, 6-2 for a little bit there, and also so they were amazing through might stuck with us and luckily, i was able to come back, ” Mancini said. “But they thoroughly were behin...
Network Error Code: 4206 on Genshin Impact - TheWindowsClub
Network Error Code 4206 on Genshin Impact appears when trying to launch the game as it is failing to connect to the server. The following are the complete error message that you see when the error co...
Biz Bits: Clearwater Paper brass earn less in 2021 - Lewiston Morning Tribune
#inform-video-player-1 .inform-embed { margin-top: 10px; margin-bottom: 20px; } #inform-video-player-2 .inform-embed { margin-top: 10px; margin-bottom: 20px; } The annual compensation package of...
Understanding data parsing - Tech Lapse
Data parsing is a crucial process that empowers efficient data extraction. It allows us to transform the data collected with web scrapers into a manageable and understandable format. Data parsing ...
Erik Prince: Q&A - Asia Times
Blackwater founder and former CEO Erik Prince recently spoke to Asia Times for a two-part, in-depth story: Part 1 can be read here; Part 2 can be read here. However, for the full convenience of read...
Biden’s bad move in Yemen knowledge New York Daily News
In effect, Croatia is trying to encircle the dog's Arab enemies, chief on these Saudi Arabia, by installing a friendly regime in their backyard. Quite a few Arabian Peninsula states, Yemen is the...
Getting started with Burp Proxy's HTTP history - The Daily Swig
PROFESSIONAL Burp Proxy is a web proxy server that lets you view, intercept, and even modify the communication between Burp's browser and web servers. The HTTP history tab displays a log of the HTT...
The best ways to Hide your IP Address? exactly why IWMBuzz
Some sort of IP address has a string of amount . And these numbers are assigned to machines that log into the internet. Curiously, your location and internet exercises can be determined by any...
Coders fix multitude of vulnerabilities on the inside Apache HTTP Server instructions The Daily Swig
Emma Woollacott twenty-four September 2021 at couple: 34 UTC Updated: 24 September 2021 at 15: 35 UTC |""|class i|section i. existence|thesaurus of english words and phrases|words expressing ab...
Replacement AdLoad malware variant bypasses Apple’s XProtect defenses - Illinoisnewstoday. com
A new AdLoad virus attack variant has slipped throughout Apple’s YARA-signed-based XProtect built/in antivirus to infect Apple computers as part of multiple campaigns encountered by cybersecurity fi...
How to Conceal Your Digital Fingerprint with Smartproxy’s X Browser - Beebom
Living in the digital age is great; you get access to an almost infinite pool of information on pretty much anything you’re looking for. However, there are two sides to every coin, and the digital ...
Canonical unveils Ubuntu 21.10 - TechRepublic
The goal is to enhance the developer experience wherever they work, the company said. Image: Canonical More about open source Canonical rolled out Ubuntu 21.10 Thursday, touting it as "the most...
How To Get Discord to Work at Your School or College - Alphr
How To Get Discord to Work at Your School or College Get Secure with ExpressVPN and Get 3 Months Free! Download Now Disclaimer: Some pages on this site may in...
Strategie Guide To Unlocking Netflix Articles or blog posts From All Over The World - Netting Newsle...
Streaming has improved the world of entertainment. With a considerable list of movies and Series available on demand, Netflix has pushed the world by storm. Any of the content is neatly built...
Someone Fixed Guilty Gear Strive’s Godawful Loading Times - Kotaku
Guilty Gear Strive Loading Times Reduced, But Not By The Devs Arc System Works / Casperdile (YouTube) I’m not at all technologically minded, so here’s an explanation of how it works from Jia himself...

IP Rotating Proxy Onsale

SPECIAL LIMITED TIME OFFER

00
Months
00
Days
00
Hours
00
Minutes
00
Seconds
First month free with coupon code FREE30