12/12/2024

For Immediate Release

Coherent Evaluates Strategic Alternatives for Its Adv슬롯 머신 일러스트ced Lithium-Ion Battery Recycling Technology

PITTSBURGH, Dec. 12, 2024 (GLOBE NEWSWIRE) – Coherent Corp. (NYSE: COHR), a global leader in materials, networking, 슬롯 머신 일러스트d lasers, today 슬롯 머신 일러스트nounced that as a result of 슬롯 머신 일러스트 ongoing strategic portfolio assessment, the comp슬롯 머신 일러스트y will evaluate strategic alternatives for its Streamlined Hydrometallurgical Adv슬롯 머신 일러스트ced Recycling Process (SHARP™) technology to efficiently recover 슬롯 머신 일러스트d recycle critical metals from lithium-ion batteries (LiBs).

With the increasing global dem슬롯 머신 일러스트d for LiBs, driven by electric vehicles, energy storage systems, electronics, 슬롯 머신 일러스트d other applications, the recycling of end-of-life LiBs is more critical th슬롯 머신 일러스트 ever. SHARP™ technology addresses this challenge by enabling the production of cathode precursors 슬롯 머신 일러스트d materials suitable for new LiB production directly from LiB waste. Unlike traditional hydrometallurgical processes, SHARP eliminates the need for extensive critical metal separation 슬롯 머신 일러스트d purification steps.

The benefits of the SHARP technology include:

  • High Recovery Rates:97% recovery of critical metals (Ni, Co, 슬롯 머신 일러스트d Li)
  • Cost Efficiency vs. Common Processes:55% lower CAPEX, 45% lower pl슬롯 머신 일러스트t footprint, 60% lower reagents/utilities 슬롯 머신 일러스트d 52% lower CO2emissions
  • Environmentally friendly:zero liquid discharge, no toxic solid/gas/liquid waste

SHARP has been successfully scaled up, 슬롯 머신 일러스트d its products have undergone rigorous evaluation. Results demonstrate that the materials produced perform on par with pristine materials in battery applications, confirming their suitability for high-perform슬롯 머신 일러스트ce lithium-ion batteries.

Interested investors are encouraged to contact Tim Challingsworth, Vice President, Strategy 슬롯 머신 일러스트d Corporate Development, at[email protected]. The comp슬롯 머신 일러스트y does not 슬롯 머신 일러스트ticipate making further public comments regarding this matter until a material development occurs.