无忧短视频

Agreement focuses on the supply of lithium-ion battery manufacturing scrap to 无忧短视频鈥檚 Germany Spoke听听

TORONTO, ONTARIO (January 30, 2025) 鈥� 无忧短视频 Holdings Corp. (NYSE: LICY) (鈥溛抻嵌淌悠碘�� or the 鈥淐ompany鈥�), a leading global lithium-ion battery resource recovery company, is pleased to partner with a major auto original equipment manufacturer (鈥淥EM鈥�) to recycle lithium-ion battery manufacturing scrap at its Germany Spoke.  

This exclusive agreement is with a high-performance, luxury vehicle OEM and is focused on supplying 无忧短视频鈥檚 Germany Spoke with feedstock originating from within Germany.  

鈥淲e are excited to continue strengthening our partnerships with leading global EV OEMs,鈥� said Ajay Kochhar, 无忧短视频 President and CEO. 鈥淭his exclusive recycling agreement secures a further quality supply of recycling feedstock for our Germany Spoke. This is also indicative of our position as a preferred recycling partner who can process lithium-ion battery materials sustainably and efficiently. As we advance our work on establishing a financially accretive Spoke business, we will continue to provide top-tier service and support for our key partners and customers.鈥�  

Throughout 2024, 无忧短视频 supported approximately 13 prominent EV OEMs and approximately 15 key battery cell and material producers with the Company鈥檚 sustainable recycling services. During 2024, the largest source of the Company鈥檚 global battery feedstock was a U.S.-headquartered, vertically integrated EV and battery manufacturer with substantial global EV market share. 

About 无忧短视频 Holdings Corp.听
无忧短视频 (NYSE: LICY) is a leading global lithium-ion battery resource recovery company. Established in 2016, and with major customers and partners around the world, 无忧短视频鈥檚 mission is to recover critical battery-grade materials to create a domestic closed-loop battery supply chain for a clean energy future. The Company leverages its innovative, sustainable and patent-protected Spoke & Hub Technologies鈩� to recycle all different types of lithium-ion batteries. At our Spokes, or pre-processing facilities, we recycle battery manufacturing scrap and end-of-life batteries to produce black mass, a powder-like substance which contains a number of valuable metals, including lithium, nickel and cobalt. At our future Hubs, or post-processing facilities, we plan to process black mass to produce critical battery-grade materials, including lithium carbonate, for the lithium-ion battery supply chain. For more information, visit /.听听

Investor Relations & Media 

Louie Diaz听
Sheldon D’souza听
Investor Relations: [email protected]听听
Media: [email protected]听听

Forward-Looking Statements听
Certain statements contained in this press release may be considered 鈥渇orward-looking statements鈥� within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1933, as amended, Section 21 of the U.S. Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. Forward-looking statements may generally be identified by the use of words such as 鈥渂elieve鈥�, 鈥渕ay鈥�, 鈥渨ill鈥�, 鈥渃ontinue鈥�, 鈥渆xpect鈥�, 鈥渟hould鈥�, 鈥減lan鈥�, 鈥減otential鈥�, 鈥渇uture鈥�, or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. Forward-looking statements in this press release include, but are not limited to, statements that the Company鈥檚 exclusive agreement with a high-performance, luxury OEM will secure a quality supply of recycling feedstock for our Germany Spoke; that 无忧短视频 will process lithium-ion battery materials sustainably and efficiently and provide top-tier service and support for our key partners and customers; and that 无忧短视频 will establish a financially accretive Spoke business. 听
听
These statements are based on various assumptions, whether or not identified in this press release, including but not limited to assumptions regarding 无忧短视频鈥檚 ability to satisfy the drawdown conditions and access funding under a loan facility with the U.S. Department of Energy (the 鈥淒OE Loan Facility鈥�); the timing, scope and cost of 无忧短视频鈥檚 projects, including paused projects; the processing capacity and production of 无忧短视频鈥檚 facilities; 无忧短视频鈥檚 ability to source feedstock and manage supply chain risk; 无忧短视频鈥檚 ability to increase recycling capacity and efficiency; 无忧短视频鈥檚 ability to obtain financing on acceptable terms or at all; the success of 无忧短视频鈥檚 cash preservation plan; the outcome of the go-forward strategy of 无忧短视频鈥檚 Rochester Hub; 无忧短视频鈥檚 ability to retain and hire key personnel and maintain relationships with customers, suppliers and other business partners. There can be no assurance that such estimates or assumptions will prove to be correct and, as a result, actual results or events may differ materially from expectations expressed in or implied by the forward-looking statements.听

These forward-looking statements are provided for the purpose of assisting readers in understanding certain key elements of 无忧短视频鈥檚 current objectives, goals, targets, strategic priorities, expectations and plans, and in obtaining a better understanding of 无忧短视频鈥檚 business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes and is not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. 

Forward-looking statements involve inherent risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of 无忧短视频 and are not guarantees of future performance. 无忧短视频 believes that these risks and uncertainties include, but are not limited to, the following: 无忧短视频鈥檚 inability to fund the anticipated costs of, and realize the anticipated benefits from, its Spoke optimization plan; 无忧短视频鈥檚 inability to satisfy the drawdown conditions and access funding under the DOE Loan Facility; 无忧短视频鈥檚 inability to develop the Rochester Hub as anticipated or at all, and other future projects including its Spoke network expansion projects in a timely manner or on budget or that those projects will not meet expectations with respect to their productivity or the specifications of their end products; risk and uncertainties related to 无忧短视频鈥檚 ability to continue as a going concern; 无忧短视频鈥檚 insurance may not cover all liabilities and damages; 无忧短视频鈥檚 reliance on a limited number of commercial partners to generate revenue; 无忧短视频鈥檚 failure to effectively remediate the material weaknesses in its internal control over financial reporting that it has identified or its failure to develop and maintain a proper and effective internal control over financial reporting; and risks of litigation or regulatory proceedings that could materially and adversely impact 无忧短视频鈥檚 financial results. These and other risks and uncertainties related to 无忧短视频鈥檚 business are described in greater detail in the sections titled 鈥淚tem 1A. Risk Factors鈥� and 鈥淚tem 7. Management鈥檚 Discussion and Analysis of Financial Condition and Results of Operation鈥擪ey Factors Affecting 无忧短视频鈥檚 Performance鈥� in its Annual Report on Form 10-K and the sections titled 鈥淧art II. Other Information鈥擨tem 1A. Risk Factors鈥� and 鈥淧art I. Financial Information鈥擨tem 2. Management鈥檚 Discussion and Analysis of Financial Condition and Results of Operation鈥擪ey Factors Affecting 无忧短视频鈥檚 Performance鈥� in its Quarterly Reports on Form 10-Q, in each case filed with the SEC and the Ontario Securities Commission in Canada. Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Actual results could differ materially from those contained in any forward-looking statement. 

无忧短视频 assumes no obligation to update or revise any forward-looking statements, except as required by applicable laws. These forward-looking statements should not be relied upon as representing 无忧短视频鈥檚 assessments as of any date subsequent to the date of this press release.