", 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. Companies within the THG portfolio include Heritage Environmental Services, Heritage Construction + Materials, and Monument Chemical. Legal Name Retriev Technologies. The combination with Retriev marks a key step in Heritage's expansion to further develop a comprehensive recycling and reuse battery management platform. Retriev Technologies Combines with Heritage Battery Recycling, Creating the Largest Lithium-Ion Battery Recycler in North America Oct 6, 2021 North America Lithium-ion Battery Recycling Market 2020-2027 with American Manganese, Eco-Bat Technologies, International Metals Reclamation Co, Li-Cycle, Retriev Technologies, TES Dominating June 01, 2021 03:02 PM Eastern Daylight Time. Founded Date 1965. Active, Closed, Whether an Organization is for profit or non-profit, General contact email for the organization. Under the strategic partnership, Marubeni and Retriev will develop a circular business model for Battery to Battery Closed Loop Recycling(*3) in the battery industry, and contribute to improving the sustainability of global society through the development and promotion of new circular businesses in the market. Retriev Technologies General Information. Grant Accountant. Kristy Finch 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. Battery disposal collection and logistics is complex, and we have the solution. Find company research, competitor information, contact details & financial data for Retriev Technologies Ltd of Trail, BC. Description. Companies within the THG portfolio include Heritage Environmental Services, Heritage Construction + Materials, and Monument Chemical. The Heritage Group - Battery Recycling Business. CBI websites generally use certain cookies to enable better interactions with. 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. 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. The companies will develop a business model by which valuable metals recovered from EOL LiB can be reused. LANCASTER, Ohio-- . Battery Solutions has been a North American leader in battery recycling management with end-to-end solutions for 30 years. Marubeni has combined this experience with technical knowledge, expertise and a global network in this sector. Provider of battery recycling and management services to corporations, government entities and consumers. Trail, B.C. For more information, visit www.retrievtech.com. 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. 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. CBI websites generally use certain cookies to enable better interactions with our sites and services. The current customer portfolio includes thousands of customers, with an emphasis on automotive OEMs, environmental services, retail, communications and consumer products. 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. Get the latest business insights from Dun & Bradstreet. 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. Current and potential investors are hopeful that management will b able to leverage the resources at their disposal. Ohio, United States of America (2 factories . Copyright 2023 Surperformance. October 6th 2021 saw KULR stock announce the expansion of its share in the safe battery transportation market share. Canada (1 factory) Founded 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. "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. 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. Retriev Technologies's latest funding round was a Corporate Minority for on April 19, 2022. Combined Offering Creates Recycling Solution for Industry and Consumers Enabling a Circular Supply Chain Opportunity. The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. Retriev Technologies acquired 2 companies. Under the strategic partnership, Marubeni and Retriev will develop a circular business model for Battery to Battery Closed Loop Recycling in the battery industry, and contribute to improving the sustainability of global society through the development and promotion of new circular businesses in the market. 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. "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. For more than 30 . Retrievs patented process utilizes a hydrometallurgical process which recovers critical materials necessary for the manufacturing of lithium-ion batteries that are used to power our world. You can read more about your. The combined offering brings two complementary industry leaders together to create the first and only comprehensive battery management solution in North America. The company will also provide safe transportation logistics to the partnering companys battery collection operations across North America. Secure and increase the performance of your investments with our team of experts at your side. 2. Download Your FREE Green Energy Report & Unlock Your Investment Potential Today! The company currently specializes in the Environmental Services, Renewable Energy Equipment & Services areas. Heritage-crystal Clean, Inc. : Entry into a Material Definitive Agreement, Financial State.. Barrington Research Ups Price Target on Heritage-Crystal Clean to $46 From $45, Keeps O.. Baird Adjusts Heritage-Crystal Clean Price Target to $43 From $42, Maintains Outperform.. Needham Adjusts Heritage-Crystal Clean Price Target to $41 From $40, Maintains Buy Rati.. Transcript : Heritage-Crystal Clean, Inc, Q4 2022 Earnings Call, Mar 02, 2023, Heritage-crystal Clean : Q4 Earnings Snapshot, President, Chief Executive Officer & Director, Chief Financial Officer & Executive Vice President. With more than 5,000 employees and 30 operating companies worldwide, THG aims to build a safer, more enriching and sustainable world by harnessing the power of family. 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. 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. We tell about business and entrepreneurship, start-ups, success stories. 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. This partnership will ensure the success in bringing our shared vison of sustainability to fruition. 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. KULR Technology Group Inc. (KULR) stock prices were up by 2.53% as of the market closing on October 6th 2021. Investors. Also included in the transaction is KBI's xEV Strategies division. With more than 5,000 employees and 30 operating companies worldwide, THG aims to build a safer, more enriching and sustainable world by harnessing the power of family. 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.". 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. The earliest of these articles by Lain (2001) stated that "the Toxco process is designed for all types of lithium containing waste". 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. Announcement of Strategic Partnership between Retriev Technologies and Marubeni Corporation. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. Operating Status Active. 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. "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. October 6 th 2021 saw KULR stock announce the expansion of its share in the safe battery transportation market share. Your email address will not be published. Retriev is an integrated battery recycling platform that includes the operations of Heritage Battery Recycling, Retriev Technologies, and Battery Solutions. The Retriev facility in Canada is R2 and ISO certified. The shares last closed at AU$0.05. Overview. Its headquarters is located at Lancaster, Ohio, USA. 86% of retail CFD accounts lose money, 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, Registration on or use of this site constitutes acceptance of our. Umicore Group (UMICY) Umicore is far less speculative than Li-Cycle, although it is not a pure-play lithium-ion recycling company. 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. Retriev's reputation is built on research, knowledge, compliance and responsible battery recycling and management services. HOBI International, Inc., is a premier IT asset management and electronics recycling company with facilities in Illinois, Texas, and Arizona. 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. Secure and increase the performance of your investments with our team of experts at your side. Determine whether Retriev Technologies grew or shrank during the last recession. Retriev is a pioneer and market leader in the North American battery recycling industry. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Retriev Technologies has 2 investors. https://www.businesswire.com/news/home/20210601005988/en/, Schumer sets expedited process to consider clean debt ceiling suspension, South Korea finance minister: South Korea, Japan, China cooperation more important as world economy at inflection point, China's manufacturing wobble may drive coal use even higher: Maguire, Seven bodies, including two missing teens, found in Oklahoma town, SCHUMER MOVE LEAVES OPENING FOR DEFICIT-REDUCTION TALKS ONCE DEB, U.S. SENATE MAJORITY LEADER SCHUMER SETS IN MOTION PROCESS FOR V, JPMorgan deal forces Biden administration to defend record on mergers, Brazil's Petrobras to keep stake in Colombia's deepwater block Tayrona, Vice preparing to file for bankruptcy - NYT, Hollywood writers, studios talk as midnight strike deadline looms, US judge declares mistrial in Apple-Masimo smartwatch trade secrets fight, French police face off with anarchists on May Day, Analysis: JPMorgan's takeover of First Republic fuels M&A expectations. 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. Catching News are non-trivial topics and publications about how you make money and properly dispose of it. 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. Retriev's reputation is built on research, knowledge, compliance and responsible battery recycling and management services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Contact Email info@retrievtech.com. 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. Claim your profile to get in front of buyers, investors, and analysts. 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. Retriev is an integrated battery recycling platform that includes the operations of Heritage Battery Recycling, Retriev Technologies, and Battery Solutions. This maker also produces sulphate(*1), battery precursor(*2) and cathodes for rechargeable batteries used in both consumer products and electric vehicles. Retrievs process involves crushing the batteries and then retrieving the valuable metals from the crushed materials. "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. Stock analysis for Labrador Resources Inc (LTX:Venture) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Date. 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.. Retriev, the recognized leader in battery management and recycling, has been at the forefront of safe and responsible recycling technology for decades. This is useful in estimating the financial strength and credit risk of the company. Retriev Technologies Inc. is a private company that has been in the industry for 38 years. Companies within the THG portfolio include Heritage Environmental Services, Heritage Construction + Materials, and Monument Chemical. 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. Next-generation carbon fiber heat management solutions for batteries and electronic systems are developed, manufactured, 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. 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. RVP | Complete Retractable Technologies Inc. stock news by MarketWatch. Personalize which data points you want to see and create visualizations instantly. Retriev Technologies is a battery recycling and management company. . Retriev Technologies contact info: Phone number: (740) 653-6290 Website: www.retrievtech.com What does Retriev Technologies do? Retriev Technologies serves clients operating in the industrial, electronic, and automotive industries. Battery Solutions brings added processing, sorting, fulfillment, logistics and storage solutions with their 95,000-square-foot facility in Wixom, Michigan, and a 60,000-square-foot facility in Mesa, Arizona. 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. The company has developed a range of recycling technologies to safely recycle different types of batteries. $51K-$67K Per Year (Glassdoor est.) We are uniquely positioned with a platform of services and products to address lithium-ion and cross-chemistry batteries at end-of-life. Retriev Technologies. 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. Marubeni Corporation and Retriev Technologies Inc. have entered into a Strategic Partnership Agreement with the aim of developing a new circular business for End-of-Life Lithium-ion batteries. KULR Stock's Partnership. site you are consenting to these choices. For more information, visit www.SolvedByRetriev.com, Cision Distribution 888-776-0942 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. Tokyo Nihombashi Tower, 7-1, Nihombashi 2-chome, Chuo-ku, Tokyo, 103-6060, Japan. We also specialize in economic news. This maker also produces sulphate, battery precursor and cathodes for rechargeable batteries used in both consumer products and electric vehicles. Their latest acquisition was Battery Solutions on March 09, 2022. 0.03 . The battery materials recycling market from lithium materials segment is predicted to witness an 11.8% CAGR between 2023-2032. KBI is the ultimate downstream recycler that the industry trusts. HCCI. 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. Delayed Nasdaq $47K-$62K Per Year (Glassdoor est.) PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. All rights reserved. Company profile page for Retriev Technologies Inc including stock price, company news, press releases, executives, board members, and contact information KBI, a longtime leader in battery recycling and management, will continue as an active equity partner in Retriev. For over 25 years, Retriev has built its reputation as a global leader in battery recycling and management. Retriev's Profile, Revenue and Employees. Toxco Inc. rebranded in 2013 as Retriev Technologies Inc., retaining ownership of patents (McLaughlin and Adams, 1999; McLaughlin, 1994). (*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. Recycle process for alkaline and carbon zinc batteries, Process for recovering and regenerating lithium cathode material from lithium-ion batteries, Process for obtaining pure litharge from lead acid battery paste, Process for obtaining highly pure litharge from lead acid battery paste, To view Retriev Technologiess complete competitors history, request access, To view Retriev Technologiess complete patent history, request access, To view Retriev Technologiess complete acquisitions history, request access, To view Retriev Technologiess complete subsidiaries history, request access, Morningstar Institutional Equity Research. Marubeni : Distribution Agreement with LineVision to Improve Efficiency of Transmission Li.. Executive Officer & Manager-Corporate Planning. You can read more about your cookie choices at our privacy policyhere. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Learn more. 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. This process is well suited to lithium primary batteries, which contain . -, Marubeni Corporation - Expansion of Pharmaceutical Business Initiatives, Marubeni : Expansion of Pharmaceutical Business InitiativesClinical Trial for a Novel -lactamase Inhibitor in China. "Based on my 20-year career in battery recycling, no other company is better suited for success in this industry," said Thompson. 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. It is calculated by dividing a company's price per share by its earnings per share. Act Now and Secure Your Future in Green Energy! 2 Fundings. 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.". 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 Shane Thompson will serve as President of the combined company. "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.