The consortium includes industry leaders
Alabama Power and Mercedes-Benz U.S. International
VANCOUVER, BC, June 17,
2024 /PRNewswire/ - LiTHOS Group Ltd. ("LiTHOS"
or the "Company") (CBOE CA: LITS), a leader in sustainable
lithium production technologies announces its membership in the
Alabama Mobility and Power (AMP) Center. This strategic alliance
includes esteemed partners such as The University of Alabama, Alabama Power, and
Mercedes-Benz U.S. International, positioning LiTHOS among an elite
group driving the future of electric vehicle (EV) and mobility
innovation.
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The AMP Center is a premier research and development hub for EV
and battery technologies, dedicated to pioneering solutions across
the entire EV ecosystem, from raw material extraction to
end-of-life battery recycling. The AMP Center is made up of
government, academic, and industry partners committed to working
together to develop the state's EV ecosystem further. The objective
is to stimulate economic development, train a specialized local
workforce, and coordinate research into mobility and power to
solidify Alabama's status as a
leader in the EV industry.
Scott Taylor, CEO of LiTHOS,
remarked, "We are thrilled to collaborate with AMP and our fellow
Consortium partners. Alabama has
proven to be an excellent location for our testing and R&D lab
facilities, thanks to its talented workforce and supportive
government. AMP will enable more companies to recognize the
potential we've seen here, facilitating connections with industry
partners and government agencies, and crucially, fostering the
development of the skilled workforce we need as we scale up and
expand our operations in the state."
Strategic Partnership for R&D and Economic Growth
LiTHOS's membership in the AMP Center underscores its commitment
to cutting-edge research and development. This partnership will
enable LiTHOS to leverage the center's extensive network of
industry, government, and academic partners to advance its
innovative patent-pending AcQUA™ technology. The collaboration aims
to tackle critical challenges in lithium extraction and battery
technology, contributing to the overall growth and sustainability
of the EV sector.
Brad Whisenant, Consortium
Development Manager at the AMP Center, stated, "The AMP Center was
created to unite the best minds from industry, academia, and
government to drive innovation in the EV and battery sectors. We
are excited to welcome LiTHOS to our consortium and anticipate
groundbreaking projects that will benefit the entire EV
ecosystem."
"We at LiTHOS believe it's important to be part of a
collaborative approach to solving some of the industry's largest
issues, such as the elimination of evaporation ponds and
pre-treatment of brines to improve the efficiency of lithium
extraction. It is an honor to be part of AMP, and we look forward
to contributing to its growth and ultimate success," states
Judson Lacapra, Chief Development
Officer at LiTHOS.
Key Partners and Alabama's
Automotive Leadership
Alabama is a major player in
the automotive industry, ranking among the top five states for
automobile exports. The AMP Center, housed within the University of Alabama's Alabama Transportation
Institute, serves as a hub for research and development, workforce
training, and economic development. With major partners like
Mercedes-Benz, Alabama Power, and now LiTHOS, the center is
well-positioned to lead advancements in EV technology and
infrastructure.
About the Alabama Mobility and Power (AMP)
Center
The Alabama Mobility and Power (AMP) Center, a pioneering
public-private partnership between The University of Alabama, Alabama Power Company, and
Mercedes-Benz U.S. International, Inc., is on a mission to drive
research and workforce development for the expanding electric
vehicle market. As a premier regional research and development hub,
the AMP Center focuses on advancing battery technologies,
developing charging infrastructure, and managing power delivery to
support large-scale electric vehicle growth. Through strategic
partnerships and cutting-edge research, the AMP Center is poised to
lead the charge in the future of sustainable mobility. For more
information, visit AMP Center.
About LiTHOS
Lithos Group Ltd. is a mining technology company focused on
selective extraction of aqueous minerals. The Company's AcQUA™
technology allows lithium to be extracted from continental brine
reservoirs without the need for additional freshwater or any added
chemicals or reagents. Lithium is now among the world's most
in-demand metals as the world "electrifies" to reduce
CO2 emissions, led by continuing growth in EV sales and
the installation of hundreds of gigawatts of intermittent solar
power generation capacity requiring partial battery storage
solutions.
The Company's mission is to produce sustainable lithium without
evaporation ponds. AcQUA™ is LiTHOS's patent-pending technology
that spans the complete value chain from the conditioning and
pre-treatment of raw brines through the DLE phase into the
polishing and purification of battery-grade lithium feedstock.
LiTHOS has two processing facilities: a 4,000 sq ft lab in
Denver, CO, and a 55,000 sq ft
complex in Bessemer, AL.
LiTHOS is working with multiple strategic mineral resource
owners, including brines from the largest Salars in Chile and Argentina and the Smackover reservoir in the
Southeastern United States. Our
wholly-owned subsidiary, Aqueous Resources LLC, is a US Department
of Energy grant awardee and a Colorado Advanced Industries grant
awardee. For more information, please get in touch with LiTHOS
Investor Relations at 1-877-LITHOS1 / 1-877-548-4671 or via email
at info@lithostechnology.com.
Stay up-to-date on LiTHOS developments by joining our online
communities through LinkedIn and X
ON BEHALF OF THE BOARD
Scott Taylor - CEO
For more information, please contact:
Forward-Looking Statements: This news
release contains forward-looking statements and forward-looking
information (collectively, "forward-looking statements") within the
meaning of applicable Canadian legislation. All statements in this
news release that are not purely historical are forward-looking
statements and include statements regarding beliefs, plans,
expectations and orientations regarding the future including,
without limitation, the Company's market position in the industry
of sustainable lithium production and increase in the capacity of
the Company's facilities. Although the Company believes that such
statements are reasonable and reflect expectations of future
developments and other factors which management believes to be
reasonable and relevant, the Company can give no assurance that
such expectations will prove to be correct. Forward-looking
statements are typically identified by words such as: "believes",
"expects", "anticipates", "intends", "estimates", "plans", "may",
"should", "would", "will", "potential", "scheduled" or variations
of such words and phrases and similar expressions, which, by their
nature, refer to future events or results that may, could, would,
might or will occur or be taken or achieved. In making the
forward-looking statements in this news release, the Company has
applied several material assumptions, including without limitation,
that the Company's facilities will be able to handle the increased
demand. Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to differ materially
from any future results, performance or achievements expressed or
implied by the forward-looking information. Such risks and other
factors include but are not limited to, the failure of the
Company's facilities to handle increased demand and the potential
that the Company's market position does not increase as expected.
Further, the ongoing labour shortages, inflationary pressures,
rising interest rates, the global financial climate and the
conflict in Ukraine and
surrounding regions are some additional factors that are affecting
current economic conditions and increasing economic uncertainty,
which may impact the Company's operating performance, financial
position and future prospects. Collectively, the potential impacts
of this economic environment pose risks that are currently
indescribable and immeasurable. Other factors may also adversely
affect the future results or performance of the Company, including
those risks and concerns more fully described in the Company's
annual and quarterly management discussion and analysis and in
other filings made by the Company with Canadian securities
regulatory authorities under the Company's profile at
www.sedarplus.ca. Readers are cautioned that forward-looking
statements are not guarantees of future performance or events and,
accordingly, are cautioned not to put undue reliance on
forward-looking statements due to the inherent uncertainty of such
statements. These forward-looking statements are made as of the
date of this news release, and unless required by applicable law,
the Company assumes no obligation to update the forward-looking
statements or to update the reasons why actual results could differ
from those projected in these forward-looking statements.
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SOURCE Lithos Group