Aqua Metals Inc (NASDAQ: AQMS) reinvent lead recycling with the company’s AquaRefining™ technology. In addition, the company announced that it had completed the V1.5 Aqualyzer program within six months after the completion of V1.25. As per the company, the latest configuration of Aqualyzer has helped the company achieve lead production of more than 300% higher than its previous configuration deployed during the commercial production in 2018 and 2019.
The new Aqualyzer is relatively cost-effective
As per the company, the latest configuration of Aqualyzer has helped the company achieve lead production of more than 300% higher than its previous configuration deployed during the commercial production in 2018 and 2019. As a result, the new configuration results are likely to impact the company’s capital deployment and operating expenses positively. In addition, it will also help the company plan for future equipment supply and technology to the customers.
Further, the growth in throughput with the help of a new Aqualyzer has reduced over 60% in the total Aqualyzers used for the same lead production delivered with the service of the V1.0 model. In addition, it has also resulted in lowering overall capital, labor, and footprint requirements. Besides these, it has also led to better power efficiency to 97%. All these factors help the company reduce the overall cost.
Improve economic value proposition of technology
Management indicated that the latest (third) iteration of Aqua Metals Aqualyzer demonstrates the company’s ability to improve the economic value proposition of AquaRefining technology. Its workforce has again delivered an outcome that was beyond expectations. By introducing a new version, has helped the company to bring its cost of production further down. The company believes that long and favorable cost cure enabled it to mark its patented globally, with clean and safe metals recovery. Given the outcome of the latest configuration, the company is updating the equipment configuration that was announced previously. The new technology has helped the company reduce overall operating expenses by 60% and reduce capital expenditures by 50%, which is way ahead of the target sets for 2020.