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Wildcat and Austin Elements Partner to Close the Loop on LFP/LMFP Battery Recycling

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SAN DIEGO and HOUSTON, July 22, 2024 /PRNewswire/ — Wildcat Discovery Technologies, a leading US cathode producer, and Austin Elements Inc., a leading US critical minerals recycler and sustainable LFP precursors producer, announced today the signing of a Memorandum of Understanding (MOU) to collaborate on closing the loop for Lithium (Manganese) Iron Phosphate (L(M)FP) batteries.

Under the agreement, the two companies will work together to convert end-of-life batteries and manufacturing scraps into L(M)FP cathode materials. Austin Elements will produce battery-grade lithium carbonate and iron phosphate from L(M)FP black mass. Austin Elements is robust to process “DIRTY” black mass of high content of aluminum and copper. These materials have been successfully validated by Wildcat Discovery Technologies and will be supplied to Wildcat for use in their proprietary cathode materials.

This partnership strengthens the US supply chain for critical minerals and supports the objectives of the Bipartisan Infrastructure Law: Battery Materials Processing and Battery Manufacturing Recycling Selections. These materials are manufactured domestically by US companies and IRA-qualified, ensuring they meet the standards set by the Inflation Reduction Act.

Wildcat has been developing battery materials since 2006, and it plans to build a plant in the United States to manufacture LFP in late 2026, LMFP in 2027, and disordered rock salt (DRX) in 2028. The plant, opening in 2026 with a 15,000-ton capacity, is set to double to 30,000 tons in 2028. This partnership with Austin Elements will ensure a reliable supply of high-quality precursors necessary for Wildcat’s cathode materials production.

Austin Elements Inc. specializes in producing high-specification critical minerals and LFP/LMFP battery precursors using recycled feedstocks. Their innovative, low-carbon processes recover valuable minerals from various sources, including LFP and NCM lithium-ion batteries and manufacturing scrap. As a tier-one and tier-two recycler for top EV OEMs and cell manufacturers worldwide, Austin Elements has secured feedstocks from the US, Europe, North, and South America. Notably, Austin Elements is the only LFP recycler in North America and Europe, capable of producing qualified battery-grade lithium carbonate and LFP precursor from “Dirty” black mass with high impurity content. Austin Elements plans to build 10,000 MTs LFP black mass refinery facility in Houston, Texas in early 2026, and expand to 85,000 MTs by 2028. It will be the largest LFP black mass refinery plant in the US and Europe. 

“We are thrilled to partner with Austin Elements to advance LFP recycling for high-performance cathode materials,” said Wildcat President and CEO Mark Gresser. “Customers in North America seek accessible, long-term alternatives to China-based CAM production, and our partnership helps achieve that objective in a sustainable and efficient way.”

“We are excited to join forces with Wildcat Discovery Technologies,” said Dr. Jacob Jin, CEO of Austin Elements Inc. “Our novel patented L(M)FP recycling processes enable the economics of LFP recycling, and the battery-grade lithium-carbonate sustainable L(M) FP precursors are a perfect match for Wildcat’s advanced battery research and manufacturing capabilities. Together, we will make significant strides in the circular economy for LFP series battery materials.”

Austin Elements is committed to supplying qualified materials to Wildcat according to the mutually agreed timelines, and Wildcat Discovery Technologies agrees to purchase significant quantities of these materials. This partnership marks a crucial step in ensuring a sustainable and efficient supply chain for battery production, reinforcing the companies’ positions as leaders in the battery materials industry.     

For more information, please visit Wildcat Discovery Technologies and Austin Elements Inc..

About Wildcat Discovery Technologies

Wildcat’s mission is to produce high-performance U.S.-made cathodes to enable widespread adoption of clean energy. Founded in 2006, the company plans to manufacture a portfolio of nickel- and cobalt-free CAM at a plant it builds in the United States. At the same time, Wildcat will continue to leverage its 15 years of materials development to help customers achieve the best integrated battery cell. For more information, visit Wildcat Discovery Technologies.

About Austin Elements Inc.     

Austin Elements Inc. specializes in producing high-specification critical minerals and battery precursors using recycled feedstocks (LFP, NCM, and ceramic glass). The company is committed to sustainable practices and has developed low-carbon processes for recovering minerals from various sources. For more information, visit Austin Elements Inc..

Media Contact:
press@wildcatdiscovery.com

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SOURCE Wildcat Discovery Technologies

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Quidax Launches $125,000 Crypto Innovation Pitch, Partners with Moonshot for TC Battlefield

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September 27, 2024

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LAGOS, Nigeria, Sept. 27, 2024 /PRNewswire/ — Quidax and TechCabal have announced a partnership for this year’s TechCabal Battlefield competition. As part of this year’s competition Quidax has introduced a Crypto Innovation Pitch for the most promising African crypto startup. This pitch is for Africa-focused seed to early-growth stage crypto and blockchain startups that are creating impactful solutions for African markets.

In conjunction with Asset Chain, Quidax will award the selected startups $15,000 in funding. In addition to the funding, Quidax is collaborating with Huawei, Fincra, and Asset Chain to offer $110,000 worth of startup support credits. The support will be in the form of $80,000 worth of cloud services credit from Huawei, $20,000 worth of payment processing credit from Fincra, and $10,000 in crypto tokens from Asset Chain.

The top 5 crypto startups chosen from applications will get a chance to pitch at Tech Cabal’s Moonshot event between 9th – 10th, October, 2024 at the Eko Convention Centre, Lagos, Nigeria. The winning startup will be announced and awarded on the TC Battlefield stage at the Moonshot event.

Interested crypto startups can apply here for the Crypto Innovation Pitch.

TechCabal’s Battlefield, first held in 2014 and is now in its 10th year. It involves a rigorous selection process which will culminate in a high-stakes pitch at the Moonshot conference.

About Quidax

Quidax is an African-founded cryptocurrency exchange that makes it easy for anyone to buy, sell, store and transfer cryptocurrencies.Quidax additionally enables OTC trading and offers a Crypto API. The Crypto API enables businesses to build and offer crypto products.

About Moonshot

Moonshot by TechCabal is TechCabal’s flagship event that brings together industry leaders and key players in the African tech ecosystem. The event is an opportunity for tech enthusiasts to network, collaborate, and share ideas that define the ecosystem.

Contact:
***@quidax.com

Photo(s):
https://www.prlog.org/13040687

Press release distributed by PRLog

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SOURCE Quidax

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“The Reckoning of Third-Party Risk Management” presented by Lori Frank, President and CEO, at UMACHA’s Navigating Payments Conference

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September 27, 2024

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Navigating Payments 2024 – Celebrating UMACHA’s past 50 years – Looking Back. Moving Forward.

MINNEAPOLIS, Sept. 27, 2024 /PRNewswire-PRWeb/ — Lori Frank, President & CEO of Argos Risk, joined the stage and presented her compelling insights on “The Reckoning of Third-Party Risk Management” at UMACHA’s Navigating Payments 2024 Conference in Brooklyn Center, Minnesota.

“It’s a privilege to contribute to this important conversation at such a milestone event,” said Frank. “Looking back at what we’ve learned, we can move forward with stronger, more resilient practices.”

 

Celebrating UMACHA’s 50-year legacy, this highly anticipated event drew key stakeholders across the payments industry. “Looking Back. Moving Forward.” was this year’s theme, which emphasized the historical progress and pivotal shifts in the landscape of payments while paving the way for innovation and forward-thinking strategies.

One pivotal shift is the complexity of third-party relationships and the need for comprehensive risk management. Lori Frank’s session, “The Reckoning of Third-Party Risk Management,” highlighted the rising significance of robust risk management strategies for organizations as they depend on external partners to support and optimize their operations.

Drawing from her extensive banking and risk management background, Frank’s session also emphasized the lessons learned from past challenges and the evolution of Third-Party Risk Management. She offered actionable strategies to assess, manage, and reduce vulnerabilities to safeguard against future third-party partnership risks.

“It’s a privilege to contribute to this important conversation at such a milestone event,” said Frank. “Third-Party Risk Management is more important than ever, and organizations must adapt to new risks and challenges that come with outsourcing and vendor relationships. Looking back at what we’ve learned, we can move forward with stronger, more resilient practices.”

UMACHA’s Navigating Payments Conference is a cornerstone event for professionals in the payments industry, offering thought leadership on pressing issues and providing invaluable insights into emerging trends and best practices. Frank’s presentation delivered valuable insights for attendees committed to enhancing their risk management capabilities while advancing industry standards.

About Argos Risk
Argos Risk is a leading provider of third-party risk intelligence solutions, helping organizations mitigate the risks associated with third-party relationships. The company offers innovative, easy-to-use solutions designed to assess and monitor the financial health, operational stability, and compliance standing of third-party vendors, partners, and customers. With a commitment to empowering businesses with actionable risk intelligence, Argos Risk continues to lead the way in Third-Party Risk Management.

Media Contact

Public Relations, Argos Risk, LLC, +1 (952) 446-7582, marketing@argosrisk.com, https://www.argosrisk.com/

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SOURCE Argos Risk, LLC

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Raintree Systems Accelerates Innovation and Growth with Strategic Appointment to Board of Directors

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September 27, 2024

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30-Year Tech and Healthcare Veteran, Bill Lucchini, to Advise on Driving Customer Value Through Automation and Efficiency

CHANDLER, Ariz., Sept. 27, 2024 /PRNewswire/ — Raintree Systems, inc., a leading rehabilitation therapy software provider backed by Serent Capital, announced today the appointment of Bill Lucchini to its Board of Directors.

This strategic addition comes at a pivotal time as Raintree continues its rapid growth and solidifies its position as a leader in technology solutions for physical therapy, occupational therapy, speech-language pathology, and multidisciplinary therapy practices.

Lucchini brings an outstanding track record in scaling healthcare technology solutions. As CEO of Nextech Systems, a prominent healthcare technology solution for specialty providers, Lucchini focused on customer-centric innovation that led to the company being the preeminent EHR and payments solutions in its specialties. Lucchini’s emphasis on creating meaningful workflow and efficiency benefits for its customers included AI-empowered patient journey innovations. He has also served as CEO of Dealer-FX Group, Inc., SVP and GM of Sophos Cloud, COO at OnForce, and held an impressive 16-year tenure at Intuit. His experience and expertise will help advise and accelerate Raintree’s product roadmap.

“We are thrilled to attract a leader of Bill’s caliber to our Board,” said Nick Hedges, CEO of Raintree Systems. “He is renowned for transforming Nextech through product innovation, including AI, that reset the bar for customer value. I am excited for the Board and I to have Bill as a close advisor as we chart a similar path at Raintree to redefine innovation in the rehab therapy EHR space.”

“I’m excited to work with Nick, the board, and the executive team to further Raintree’s mission to help therapy professionals provide better care and achieve superior outcomes for their patients,” said Lucchini. “Therapy professionals are making a difference for patients every day, and as an industry leader Raintree drives innovation that helps them focus on patient care while enabling them to grow and thrive. I look forward to working with all the great people at Raintree to leverage AI and other new technologies to do even more for our customers.”

About Raintree Systems 
Raintree is the preeminent platform for enterprise and mid-sized therapy provider organizations. With a proven track record of success and client satisfaction, Raintree provides solutions in patient engagement and communications, clinical documentation, revenue cycle management (RCM), and business intelligence/analytics for adult and pediatric physical therapy, occupational therapy, speech therapy, and multidisciplinary practices across all treatment settings. Raintree clients make up over 2,500 implementations nationwide and more than 25,000 users daily. Raintree leads the industry in compliance and security, offering the first ONC-certified EHR designed specifically for rehabilitation therapy. To learn more about Raintree, visit https://www.raintreeinc.com/

Contact: 
Sorella Andersen
sorella.andersen@raintreeinc.com 

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SOURCE Raintree Systems

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