While a new recession may strike a particular industry, measuring the industry and company's . Shane Thompson will serve as President of the combined company. Projected CAGR is forecasted to be 12.3% from 2021 to 2030, as per a recent report from 2021. This process is well suited to lithium primary batteries, which contain . Recognizing the rapid . The Rectifier Technologies PE ratio based on its reported earnings over the past 12 months is null. Battery Solutions is committed to conserving natural resources from spent batteries, and diverting them from landfills, through scalable programs. 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). Today's cutting-edge corporations, government entities, and consumers trust Retriev Technologies for its high level of integrity and environmentally responsible battery recycling and management services. Trail, B.C. 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 mechanical disassembly, thereby enabling its clients and customers to access its services for recovery of metals, precious metals and a variety of other reusable materials. 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. (*2) Precursor: In the battery materials industry, this term refers to the material used before calcination process, that will be processed into cathode. Internet Explorer presents a security risk. Retriev Technologies is backed by the power of Indiana-based The Heritage Group and affiliates and California-based Kinsbursky Bros. Intl (KBI). 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.. Companies within the THG portfolio include Heritage Environmental Services, Heritage Construction + Materials, and Monument Chemical. Learn more. Retriev Technologies, Inc. announced that it has received funding from Company Type For Profit. We have comprehensive plans to continue toinvest in and grow the company's product suite and capabilities. Stock image. The company currently specializes in the Environmental Services, Renewable Energy Equipment & Services areas. 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. This development will provide a safe and cost-effective solution for their customers in the storage and transportation of lithium batteries for recycling. Round. For more information, visit www.retrievtech.com. 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. Lancaster, OH Easy Apply 30d. 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. 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. ", 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. For more information, visit www.SolvedByRetriev.com, View original content to download multimedia: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, Plus500. Win whats next. Retriev's Profile, Revenue and Employees. Headquarters Regions Great Lakes, Northeastern US. 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. All rights reserved. This helps the company meets a large, underserved area of need for Retriev, thereby enabling its customers to ship batteries safely back to the company for recycling. Current and potential investors are hopeful that management will b able to leverage the resources at their disposal. Determine whether Retriev Technologies grew or shrank during the last recession. Provider of battery recycling and management services to corporations, government entities and consumers. Moving forward, Heritage Battery Recycling will operate under the Retriev Technologies brand. You're more than your latest funding, tell our customers your company's story. "Based on my 20-year career in battery recycling, no other company is better suited for success in this industry," said Thompson. KULR stock has reported a strong quarter, the momentum of which it hopes to carry on through the upcoming quarters. The Belgian firm is a recycling and materials technology conglomerate. 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, 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. Secure and increase the performance of your investments with our team of experts at your side. Retriev Technologies is a battery recycling and management company. 2 Fundings. With over 30 years of commercial operations, Retriev represents the only long term North American lithium-ion battery recycling operation. 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. "Retriev has processed more lithium-ion batteries than any other participant in this market. Discovery Company profile page for Retriev Technologies, Inc. including technical research,competitor monitor,market trends,company profile& stock symbol 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. Marubeni has combined this experience with technical knowledge, expertise and a global network in this sector. "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. Combined Offering Creates Recycling Solution for Industry and Consumers Enabling a Circular Supply Chain Opportunity. This partnership will ensure the success in bringing our shared vison of sustainability to fruition. The shares last closed at AU$0.05. About KBIKBI is a fully permitted battery management and recycling operation in Southern California. CatchingNews.com. Analyst Briefing Submitters are 7x more likely to receive a qualified connection. Last October, Retriev combined with Heritage Battery Recycling to form the largest lithium-ion battery recycler in North America. Secure and increase the performance of your investments with our team of experts at your side. Retriev Technologies, Inc. announced that it has received funding on April 19, 2022. "Based on my 20-year career in battery recycling, no other company is better suited for success in this industry," said Thompson. 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. CBI websites generally use certain cookies to enable better interactions with our sites and services. The growing need for recycling lithium can be attributed to the . It is calculated by dividing a company's price per share by its earnings per share. "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.". PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. 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. Legal Name Retriev Technologies. Here's to why KULR Technology Group Inc. (KULR) stock is moving high Invest in the Green-Energy Revolution now with our free report! Tokyo Nihombashi Tower, 7-1, Nihombashi 2-chome, Chuo-ku, Tokyo, 103-6060, Japan. Retriev Technologies acquired 2 companies. The companies will develop a business model by which valuable metals recovered from EOL LiB can be reused. Electric Vehicle Battery Recycling Market to Reach $2.27 Bn - Insider 773.621.2893, Internet Explorer presents a security risk. 0.03 . Description. Battery Solutions has been a North American leader in battery recycling management with end-to-end solutions for 30 years. ", 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. Company profile page for Retriev Technologies Inc including stock price, company news, press releases, executives, board members, and contact information This creates a substantial material resource for auto OEMs and battery manufacturers in the circular supply chain.. For more information, visit www.thgrp.com/. Retriev Technologies Combines with Heritage Battery Recycling, Creating 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. HOBIs Mobile Device services group focuses on the resale and recycling of cellular assets. Retrievs well-respected track record in research and development, excellent client services, and the highest level of environmental compliance demonstrates its unwavering commitment to the best recycling practices. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Overview. The transaction included participation from new investor, Heritage-Crystal Clean, Inc Don't wait - get our free report today! Shane Thompson will serve as President of the combined company. Discover small-cap mineral exploration companies set to be the next suppliers of green energy. Operating Status Active. Retriev Technologies - Crunchbase Company Profile & Funding 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 Retriev Technologies Stock Price, Funding, Valuation, Revenue 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. 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.". Battery disposal collection and logistics is complex, and we have the solution. Retriev Technologies Inc. and Marubeni Corporation Announce Strategic 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. 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. of Transportation special permits for safe transport of higher capacity batteries. The combination with Retriev marks a key step in Heritage's expansion to further develop a comprehensive recycling and reuse battery management platform. 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. This brought the price per share up to USD$2.03 at the end of the trading day. All rights reserved. You can read more about your. Retriev is an integrated battery recycling platform that includes the operations of Heritage Battery Recycling, Retriev Technologies, and Battery Solutions. 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. Retriev Technologies. 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. Retriev Technologies, Inc.:Investment,Investment Series,Investment -, Marubeni Corporation - Expansion of Pharmaceutical Business Initiatives, Marubeni : Expansion of Pharmaceutical Business InitiativesClinical Trial for a Novel -lactamase Inhibitor in China. Located in Brea, CA, xEV Strategies is a specialized testing, refurbishment, warehousing, and logistics platform for large-format electric vehicle batteries. 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. You can read more about your cookie choices at our privacy policyhere. $47K-$62K Per Year (Glassdoor est.) This development results from the company's merger with Retriev Technologies. Funding, Valuation & Revenue. The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. Personalize which data points you want to see and create visualizations instantly. The partnering company will serve the entire battery lifecycle, from pickup and transportation to critical material recovery and reuse. 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. 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. The company is keen to capitalize on the expanded scope of opportunities resulting from its merger with Retriev. The companys Safe Case operates in conjunction with the U.S. Dept. 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. Related Stocks. (*3) Closed Loop Recycling: An essential waste management practice by which materials are recycled back into themselves to create another product, removing the waste disposal process. Copyright 2023 Surperformance. Our extensive network has coast-to-coast coverage with battery experts to help you navigate the challenges of this expanding sector. Retriev Technologies Inc - Company Profile and News Announcement of Strategic Partnership between Retriev Technologies and Marubeni Corporation. Did Anything Boost Pliant Therapeutics (PLRX) Stock In Extended Trading? Retriev Technologies Company Profile - Craft 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 . 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 . INDIANAPOLIS, Oct. 6, 2021 /PRNewswire/ --Today Heritage announced the combination of Heritage Battery Recycling, its battery management and recycling business, with Retriev Technologies, the largest and most diverse lithium-ion battery processor in North America, with over 30 years in operation. Retriev Technologies Inc. and Marubeni Corporation Announce Strategic Partnership for Developing New Circular Business for End February 18, 2021, 12:19 AM UTC Share this article Retriev Technologies specializes in the recycling and management of batteries and battery related wastes. Act Now and Secure Your Future in Green Energy! Copyright 2023 Surperformance. ANAHEIM, Calif.--(BUSINESS WIRE)--Marubeni Corporation (hereinafter, Marubeni) and Retriev Technologies Inc. (hereinafter, Retriev) have entered into a Strategic Partnership Agreement with the aim of developing a new circular business for End-of-Life Lithium-ion batteries (hereinafter, EOL LiB). We are uniquely positioned with a platform of services and products to address lithium-ion and cross-chemistry batteries at end-of-life. We also specialize in economic news. Your email address will not be published. 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. We have comprehensive plans to continue toinvest in and grow the company's product suite and capabilities. Additionally, the Marubeni Group offers a variety of services, makes internal and external investments, and is involved in resource development throughout all of the above industries. Crystal Clean invested in Retriev Technologies's Corporate Minority funding round. Retriev, the recognized leader in battery management and recycling, has been at the forefront of safe and responsible recycling technology for decades. The company will also provide safe transportation logistics to the partnering companys battery collection operations across North America. View real-time stock prices and stock quotes for a full financial overview. Grant Accountant. The combination with Retriev marks a key step in Heritage's expansion to further develop a comprehensive recycling and reuse battery management platform. Stock analysis for Labrador Resources Inc (LTX:Venture) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Copyright 2023 CB Information Services, Inc. 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. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. 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. Canada (1 factory) Ohio, United States of America (2 factories CEO Steve Kinsbursky This maker also produces sulphate(*1), battery precursor(*2) and cathodes for rechargeable batteries used in both consumer products and electric vehicles. Learn more at: http://www.hobi.com/. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Retriev Technologies Inc. and HOBI International, Inc. KULR Stock's Partnership. The current customer portfolio includes thousands of customers, with an emphasis on automotive OEMs, environmental services, retail, communications and consumer products. 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. KULR stock also boasts a fleet of more than 1,300 vehicles and 108 facility locations across North America. Catching News are non-trivial topics and publications about how you make money and properly dispose of it. 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. All rights reserved. Moving forward, the quantity of EOL LiB generated is expected to increase in line with LiB market growth driven by rapidly growing demand for electric vehicles. Retriev Technologies Inc. : and HOBI International, Inc. Announce New 2. 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. Retriev Technologies - Overview, News & Competitors | ZoomInfo.com Save my name, email, and website in this browser for the next time I comment. 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. RVP Stock Price | Retractable Technologies Inc. Stock - MarketWatch Retriev Technologies Acquires Battery Solutions to Create Largest The lithium-ion battery market size will continue to be driven by the proliferation of electric vehicles, along with declining prices of lithium-ion batteries.