MONTREAL, CANADA, SEPTEMBER 14, 2021 - Lithion Recycling ("Lithion") and UgoWork are pleased to announce the signing of a collaboration agreement (the "Agreement") for the recycling of lithium-ion batteries developed by UgoWork for the material handling market.
The agreement includes recycling tests of several generations of batteries produced by UgoWork at Lithion's demonstration plant. In addition, a commercial collection, transportation and recovery process will also be developed between the two organizations to promote the sustainable and efficient recycling of lithium-ion batteries. The agreement initially covers North America.
"This collaboration with UgoWork is a great example of Quebec synergies through the lithium-ion battery industry and is fully aligned with our desire to grow this sector in Quebec," said Benoit Couture, president of Lithion. "It is important to promote local recycling and to offer a competitive advantage to companies like UgoWork in the face of sustainable development objectives and end-of-life management requirements for lithium batteries" he added.
"Recycling battery components that reached their end-of-life is perfectly aligned with our sustainable product development approach," said Philippe Beauchamp, co-founder and CEO of UgoWork. "Joining forces with Lithion which has strong partnerships with companies such as Hyundai Canada, reflects our commitment to our customers and will help support our continued growth in North America."
Lithion Recycling has developed an efficient and cost-effective process to recover strategic materials from end-of life and production waste of lithium-ion batteries. Lithion’s process allows up to 95% of battery components to be recovered and treated so that they can be reused by battery manufacturers, enabling the close of the lifecycle in batteries. This technology accelerates the transition to green energy and helps meet decarbonization targets by reducing pressure on natural resource extraction. In 2022-2023, Lithion is set to launch its first commercial recycling plant, drawing on operational data from a highly successful Quebec industrial-scale pilot plant created in 2019. Lithion targets a worldwide deployment, through licensing agreements, aiming at 20 recycling plants.
UgoWork by Ingeniarts Technologies develops, manufactures, and offers energy expertise and innovative lithium-ion power solutions that unlock the possibilities of Energy as a Service for the material handling industry. The company provides a flexible and cost-efficient consumption model that guarantees uptime and peace of mind. Its cloud-based approach to fleet optimization, pay-per-use program, energy insight, continuous field service, uptime guarantee, and end-of-life management enable fleet managers to execute their energy transition seamlessly. UgoWork’s products and energy solutions cater to industrial trucks operating in the food and beverage, manufacturing, transportation, and distribution sectors.
Based in Québec City, Canada since its foundation in 2015, the company now offers its advanced, cost-efficient, and proven energy management programs across North America. Visit ugowork.com