Analyst Briefing Submitters are 7x more likely to receive a qualified connection. 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. 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). The collaboration is expected to create the largest lithium-ion battery recycler in North America. (*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. Discover small-cap mineral exploration companies set to be the next suppliers of green energy. 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. Serving clients since 1992, HOBIs IT services group focuses on corporate IT, data and telecommunications infrastructure, providing resale and re-marketing, data erasure and data destruction, recycling, environmental and compliance reporting, de-installation services, and logistics management. 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. Their latest acquisition was Battery Solutions on March 09, 2022. This partnership will ensure the success in bringing our shared vison of sustainability to fruition. Nogin Inc. (NASDAQ: NOGN) is experiencing a significant surge in its stock price, with its, Pliant Therapeutics Inc (NASDAQ: PLRX) has seen a significant increase in its stock price during, In Thursdays after-hours trading, shares of Steakholder Foods Ltd. (NASDAQ: STKH) rose 6.36% to $1.17, After announcing cooperation, Kazia Therapeutics Limited (NASD: KZIA) is climbing the charts today, up 7.29%, 2022 All rights reserved! Personalize which data points you want to see and create visualizations instantly. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Secure and increase the performance of your investments with our team of experts at your side. 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. 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. Companies within the THG portfolio include Heritage Environmental Services, Heritage Construction + Materials, and Monument Chemical. Related Stocks. $47K-$62K Per Year (Glassdoor est.) We tell about business and entrepreneurship, start-ups, success stories. Retriev, the recognized leader in battery management and recycling, has been at the forefront of safe and responsible recycling technology for decades. Also included in the transaction is KBI's xEV Strategies division. Download Your FREE Green Energy Report & Unlock Your Investment Potential Today! Discovery Company profile page for Retriev Technologies, Inc. including technical research,competitor monitor,market trends,company profile& stock symbol Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Announce New Collaboration for Collection of EV Batteries. 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. 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. Download Your FREE Green Energy Report & Unlock Your Investment Potential Today! This process is well suited to lithium primary batteries, which contain . "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. 34.70. Retriev Technologies was the largest and most experienced cross-chemistry battery recycler in North America and has recycled more than 50 million pounds of lithium-ion batteries. Retriev Technologies specializes in the recycling and management of batteries and battery related wastes. Copyright 2023 Surperformance. Ohio, United States of America (2 factories . 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 has processed more lithium-ion batteries than any other participant in this market. Determine whether Retriev Technologies grew or shrank during the last recession. We also specialize in economic news. 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. As continuous growth is expected for the LiB market, proper EOL LiB waste management is one of the most critical global challenges for improving the sustainability of the battery supply chain. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. When Heritage Battery Recycling, Retriev Technologies, and Battery Solutions merged in June to become Cirba Solutions, it was a deal six years in the making, . Compare how recession-proof Retriev Technologies is relative to the industry overall. 2. "Retriev has processed more lithium-ion batteries than any other participant in this market. 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. Retriev Technologies is a battery recycling and management company. 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. "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.". 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. Retriev's reputation is built on research, knowledge, compliance and responsible battery recycling and management services. 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. "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. KULR stock will expand its offerings from its existing partnerships customer programs in the e-bike and scooter markets. "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. (*2) Precursor: In the battery materials industry, this term refers to the material used before calcination process, that will be processed into cathode. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. The partnering company will serve the entire battery lifecycle, from pickup and transportation to critical material recovery and reuse. Battery disposal collection and logistics is complex, and we have the solution. It is calculated by dividing a company's price per share by its earnings per share. Recognizing the rapid . 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. 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. Act Now and Secure Your Future in Green Energy! RVP | Complete Retractable Technologies Inc. stock news by MarketWatch. The shares last closed at AU$0.05. Retriev Technologies, Inc. announced that it has received funding on April 19, 2022. Retriev Technologies. 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. In February 2021, Marubeni Corporation (Marubeni) and Retriev Technologies Inc. (Retriev) announced a Strategic Partnership for developing an innovative business model for end-of-life Lithium-ion . The Belgian firm is a recycling and materials technology conglomerate. The collaboration is expected to create the largest lithium-ion battery recycler in North America. 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. Subsequent premarket fluctuations have seen the stock surge by 1.48%, bringing it up to USD$2.06. Funding, Valuation & Revenue. Description. 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. 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. The growing need for recycling lithium can be attributed to the . This development will provide a safe and cost-effective solution for their customers in the storage and transportation of lithium batteries for recycling. 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. Retriev Technologies Inc. and HOBI International, Inc. Retrievs newly combined offering has the expertise and infrastructure to develop customized solutions for both large and small customers that simplifies the collection process and reduces the conversion time. 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. 2 Fundings. Moving forward, Heritage Battery Recycling will operate under the Retriev Technologies brand. Located in Brea, CA, xEV Strategies is a specialized testing, refurbishment, warehousing, and logistics platform for large-format electric vehicle batteries. 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 is an integrated battery recycling platform that includes the operations of Heritage Battery Recycling, Retriev Technologies, and Battery Solutions. -- Retriev Technologies, Inc. ("Retriev") continues to expand its role as the leading battery solutions provider, backed by the power of Indiana-based The Heritage Group and affiliates ("Heritage") and California-based Kinsbursky Bros. Int'l ("KBI"), -- The combined capabilities of Heritage Battery Recycling ("HBR") and Retriev create a powerhouse of lithium-ion-battery recycling, leading the industry as a comprehensive recycling and reuse battery management platform, -- The combined company will operate under the Retriev Technologies brand. For over 25 years, Retriev has built its reputation as a global leader in battery recycling and management. The market size for lithium-ion batteries is expected to surpass USD$116 billion by 2030. Operating Status Active. Current and potential investors are hopeful that management will b able to leverage the resources at their disposal. 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. Retriev Technologies contact info: Phone number: (740) 653-6290 Website: www.retrievtech.com What does Retriev Technologies do? Provider of battery recycling and management services to corporations, government entities and consumers. The company will also provide safe transportation logistics to the partnering companys battery collection operations across North America. Active, Closed, Whether an Organization is for profit or non-profit, General contact email for the organization. View contacts for Retriev Technologies to access new leads and connect with decision-makers. Retriev Technologies's latest funding round was a Corporate Minority for on April 19, 2022. Marubeni Corporation and its consolidated subsidiaries use their broad business networks, both within Japan and overseas, to conduct importing and exporting (including third country trading), as well as domestic business, encompassing a diverse range of business activities across wide-ranging fields including lifestyle, ICT & real estate business, forest products, food, agri-business, chemicals, power business, energy, metals & mineral resources, plant, aerospace & ship, finance & leasing business, construction, auto & industrial machinery, and next generation business development. 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. -, Heritage-Crystal Clean, Inc. to Hold 2023 First Quarter Conference Call, Heritage Crystal Clean : to Hold 2023 First Quarter Conference Call25.6 KB, Truist Securities Initiates Heritage-Crystal Clean at Buy With $42 Price Target. Get the latest business insights from Dun & Bradstreet. Internet Explorer presents a security risk. Retriev's operations include battery recycling and sorting facilities in Lancaster and Baltimore, Ohio, and Brea, California, as well as Trail, British Columbia. Projected CAGR is forecasted to be 12.3% from 2021 to 2030, as per a recent report from 2021. Combined Offering Creates Recycling Solution for Industry and Consumers Enabling a Circular Supply Chain Opportunity. Lancaster, OH Easy Apply 30d. The transaction included participation from new investor, Heritage-Crystal Clean, Inc 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.". HOBI International, Inc., is a premier IT asset management and electronics recycling company with facilities in Illinois, Texas, and Arizona. Canada (1 factory) The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. our sites and services. Delayed Nasdaq "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. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Don't wait - get our free report today! The combination with Retriev marks a key step in Heritage's expansion to further develop a comprehensive recycling and reuse battery management platform. We have comprehensive plans to continue toinvest in and grow the company's product suite and capabilities. The companies will develop a business model by which valuable metals recovered from EOL LiB can be reused. As more states adopt measures similar to California, which has implemented a ban on internal combustion engines sold in the state starting in 2030, the EV market will grow exponentially in the coming years. The Heritage Group - Battery Recycling Business. Secure and increase the performance of your investments with our team of experts at your side. Marubeni : Distribution Agreement with LineVision to Improve Efficiency of Transmission Li.. Executive Officer & Manager-Corporate Planning. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. We have comprehensive plans to continue toinvest in and grow the company's product suite and capabilities. We are uniquely positioned with a platform of services and products to address lithium-ion and cross-chemistry batteries at end-of-life. Your email address will not be published. "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. Environmental Engineering. Retriev's primary competitors include Battery Solutions, Li-Cycle, Aqua Metals and 10 more. Investors. HOBI, with nearly 30 years of ongoing related experience, is dedicated to be part of the solution managing these devices and products at the end of their first or second life, said Craig Boswell, President of HOBI.
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