GlobeNewswire

REC Silicon - Group14 Technologies and REC Silicon Announce U.S. Advanced Silicon Anode Production Facility to Meet Demand for ‘Electrification of Everything’ Decade

Share

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Washington plant marks the rise of the Pacific Northwest as a lithium-ion supply chain hub

Woodinville, WA & Moses Lake, WA (October 13, 2020) – Today Group14 Technologies (Group14), a global provider of silicon-carbon composite materials for global lithium-ion (Li-ion) markets, and REC Silicon ASA (REC Silicon), the leading producer of advanced silicon materials, announced the two are partnering to develop a full-scale, co-located commercial production facility at REC Silicon’s Moses Lake plant.

The facility underlines Group14 and REC Silicon’s collaboration in relation to ongoing pilot plant production and testing at REC Silicon’s FBR polysilicon and silane gas plant in Moses Lake, WA. The large-scale commercial facility will be the first and largest silicon-carbon anode material plant globally that will enable lithium-silicon batteries and accelerate the electrification of everything. The full-scale facility is expected to break ground in 2021, with the capacity to bring 12,000 tons/year of advanced silicon battery materials to the global Li-ion market by 2023.

The milestone comes on the heels of a $3.96M Department of Energy grant for Group14, with the company serving as the lead for a lithium ion-focused project out of the Vehicle Technologies Office. These consecutive moves underscore the dramatic uptick in demand for domestic U.S.-based, sustainably-sourced lithium-ion ecosystems. Located in Moses Lake, the facility will be powered by clean hydro-electric power and has been designed to be carbon-neutral.

“At its core, this partnership is aimed at driving battery innovation forward to meet demand for next-generation Li-ion batteries,” said Tore Torvund, CEO & President, REC Silicon. “With Group14, we’re creating a domestic supply chain capable of producing industrial-scale levels of innovative battery materials.”

As the world’s largest and tier 1 producer of silane gas, REC Silicon has invested over $1.7 billion in the state of Washington, and Group14’s new partnership with REC Silicon in relation to the anode material production facility signals its long-term commitment to economic growth in Moses Lake. The state-of-the-art facility, co-located with REC Silicon’s Moses Lake plant for ease of integration with REC Silicon’s silane supply, is a clear indication of Group14’s intent to build out a domestic supply chain to meet the increasing demand for its silicon-composite material for lithium-ion batteries, SCC55.

A leader in battery storage technology, Group14 is commercializing its breakthrough high capacity silicon-carbon anode technology to replace graphite in conventional lithium-ion batteries and deliver dramatically more energy density at a lower cost. Group14’s material will be critical in delivering batteries that will meet the increasing demand for high-performing lithium-ion-based storage with application-specific performance range across diverse markets including electric vehicles, consumer electronics, medical devices and aerospace.

“We are looking ahead to mitigate potential global supply chain disruptions, and this partnership with REC Silicon in our home state of Washington allows us to source a key commodity precursor locally, reliably and sustainably,” said Rick Luebbe, Co-Founder and CEO, Group14 Technologies. “REC Silicon produces the highest-quality silane with the lowest carbon footprint, allowing us to develop clean lithium-silicon battery materials to enable the electrification of everything.”

About Group14 Technologies
Founded to enable the coming electrification of everything, Group14’s battery materials breakthrough brings new levels of energy performance to Lithium ion-powered devices and vehicles. Recognized by the Department of Energy for its novel, drop-in ready nanomaterials and reliable industrial-scale process, Group14 serves the global transition to an all-electric future with tunable performance for any use case. Visit us at www.group14.technology.

Group14 Investor Overview
ATL (Amperex Technologies Limited), a subsidiary of a world-renowned multi-national corporation, based in Hong Kong with manufacturing operations in China, is a world-leading producer and innovator of lithium-ion batteries. BASF Venture Capital (BVC), the U.S.-based venture arm of BASF SE, focuses its investment on chemical products and new materials, software and services as well as innovative and digital business models in the broader field of chemistry.Cabot Corporation (NYSE: CBT), a U.S.-based leading global specialty chemicals and performance materials, has delivered innovative performance solutions to customers for over 135 years and is a leading provider of rubber and specialty carbons, fumed metal oxides, masterbatches and conductive compounds, activated carbon, inkjet colorants and inks, and aerogels.Showa Denko (SDK), a leading Japanese materials company headquartered in Tokyo, produces graphite anode material, vapor grown carbon fiber, aluminum-laminate packaging material, anode binder, and otherpSecialty materials for Li-ion batteries.OVP Venture Partners is one of the Pacific Northwest’s original venture capital firms. OVP’s investing partner and board member in Group14 is Gerry Langeler.

About REC Silicon
REC Silicon is a leading producer of advanced silicon materials, delivering high-purity polysilicon and silicon gas to the solar and electronics industries worldwide. REC Silicon combines over 30 years of experience and proprietary technology with the needs of its customers, with annual production capacity of more than 20,000 MT of polysilicon from two US-based manufacturing plants. Listed on the Oslo Stock Exchange (ticker: REC), the Company is headquartered in Lysaker, Norway. For more information, go to www.recsilicon.com.

Media Contacts
Group14
Mission Control Communications (mc²) for Group14
group14@missionc2.com

REC Silicon
Francine Sullivan
Vice President Business Development
Francine.sullivan@recsilicon.com

About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Auriant Mining Q3 2020 Interim Report and Online Conference, November 30th 202025.11.2020 11:19:11 CETPress release

Auriant Mining AB is pleased to announce that the Company’s Q3 2020 interim report will be published on Monday, November 30th. This will be followed by a live ZOOM Video Conference for analysts and investors with Danilo Lange (CEO), Vladimir Vorushkin (CFO) and Petr Kustikov (COO from December 1st 2020), who will be presenting Auriant Mining’s Q3 2020 results as well as hosting a Q&A session. The event will begin at 12:00 CET (12:00 Stockholm, 14:00 Moscow, 11:00 London). To participate in the ZOOM Video Conference on Monday, November 30th, please send to our email conf@auriant.com the following information: email, name, Company name. We will send the conference ID and passcode by email. If you have any questions, you can send them to our email: conf@auriant.com. For more information, please contact: Danilo Lange, CEO Tel: +7 495 109 02 82 E-mail: d.lange@auriant.com Company name: Auriant Mining AB Short name: AUR ISIN-code: SE0001337213 Website: www.auriant.com www.facebook.com/Aurian

Auriant Mining:s delårsrapport för Q3 2020 och online-konferens den 30 november 202025.11.2020 11:19:11 CETPressemelding

Auriant Mining AB har nöjet att meddela att Bolagets delårsrapport för Q3 2020 kommer att publiceras på måndagen den 30 november. Detta kommer att följas av en live ZOOM-videokonferens för analytiker och investerare med Danilo Lange (VD), Vladimir Vorushkin (Ekonomichef) and Petr Kustikov (Operativ chef från den 1 december 2020), som kommer att presentera Auriant Mining:s resultat för Q3 2020 samt med en möjlighet att ställa frågor. Evenemanget börjar kl. 12:00 CET (12:00 Stockholm, 14:00 Moskva, 11:00 London). För att delta i ZOOM-videokonferensen måndagen den 30 november, vänligen skicka till e-post conf@auriant.com följande uppgifter: e-post, namn, företagsnamn. Vi kommer att skicka konferens-ID och lösenord via mail. Om du har några frågor kan du skicka dem till e-post: conf@auriant.com För mer information, vänligen kontakta: Danilo Lange, VD Tel: +7 495 109 02 82 E-post: d.lange@auriant.com Företagsnamn: Auriant Mining AB Kortnamn: AUR ISIN-kod: SE0001337213 Webbplats: www.auriant

Auriant Mining AB (publ.) tillkännager utnämning av Petr Kustikov till Operativ chef25.11.2020 11:10:09 CETPressemelding

Styrelse för Auriant Mining AB (publ.) (Bolaget) har nöjet att tillkännage utnämningen av Petr Kustikov till Operativ chef med verkan från och med den 1 december 2020. Petr har varit chef för projektutveckling på Auriant sedan 2016 och spelat en ledande roll i konstruktion av den framgångsrika CIL-anläggningen vid Tardan-fyndigheten. Han är en erfaren gruvchef och arbetade i den rollen på både Oxus Gold och Orsu Metals. Petr tog examen från Navoi statliga gruvinstitut med en examen inom gruvteknik och har avslutat sin magisterexamen i företagsekonomi från Plekhanov ryska ekonomiska universitet, Moskva. Petr är medlem i Australasian gruv- och metallurgiskt institut sedan 2014. Omedelbart innan han gick med i Auriant var han en ledande konsult på SRK Consulting (Ryssland) med säte i Moskva. Danilo Lange, verkställande direktör, kommenterade: ” Vi är mycket glada att Petr har accepterat denna utnämning, som kommer att övervaka hela koncernens verksamhet, inklusive den pågående produktione

Auriant Mining AB (publ.) Appointment of Petr Kustikov as Chief Operating Officer25.11.2020 11:10:09 CETPress release

The Board of Directors of Auriant Mining AB (publ.) (the “Company”) is pleased to announce the appointment of Petr Kustikov as Chief Operating Officer with effect from 1 December 2020. Petr has been Head of Project Development at Auriant since 2016, and played a leading role in the construction of the successful CIL plant at the Company’s Tardan mine. He is an experienced mine manager, having worked in that role at both Oxus Gold and Orsu Metals. Petr graduated from Navoi State Mining Institute with a degree in Mining Engineering and has completed his Master in Business Administration from the Plekhanov Russian University of Economics, Moscow. Petr has been a member of the Australasian Institute of Mining and Metallurgy since 2014. Immediately prior to joining Auriant he was a Leading Consultant at SRK Consulting (Russia) based in Moscow. Danilo Lange, Chief Executive, said: “We are delighted that Petr has accepted this appointment, which will oversee all the Group’s operations, includ

Arcoma presenterar på Erik Penser Banks bolagsdag idag 25 november klockan 13:5025.11.2020 10:45:00 CETPressemelding

2020-11-25 PRESSRELEASE Arcoma presenterar på Erik Penser Banks bolagsdag idag 25 november klockan 13:50 Arcoma presenterar på Erik Penser Banks bolagsdag idag den 25 november klockan 13:50 2020 då Arcomas nya VD, Sanna Rydberg berättar om bolaget samt deltar på intervju. Presentationen livestreamas på Erik Pensers YouTubekanal, Penser Play: https://www.youtube.com/watch?v=ofEBURUzoxc Inspelad presentation och intervju kommer även läggas upp på Erik Penser banks digitala kanaler. Om Arcoma Arcoma, med lång erfarenhet av branschen, är en ledande leverantör av integrerade digitala röntgensystem med hög kvalitet och avancerad teknik. Arcomas produkter erbjuder den senaste digitala bildtekniken kombinerat med tekniskt avancerade rörliga positioneringssystem, vilket tillsammans med ergonomisk skandinavisk design, erbjuder kunden kompletta, konfigurerbara och funktionella digitala röntgensystem. Bolagets produkter säljs via återförsäljare samt via OEM-kunder och det finns idag över 3 500 av

Result of Riksbank´s purchases of Commercial Paper25.11.2020 10:00:00 CETPress release

Auction date201125 Requested volume, SEK mln4,000 Credit rating class1Term3MFixed purchase rate0.45 %Total bid amount, SEK mln0,000Prel. accepted volume, SEK mln0,000Percentage alloted0.00 %Number of bids0 Credit rating class1Term6MFixed purchase rate0.55 %Total bid amount, SEK mln0,000Prel. accepted volume, SEK mln0,000Percentage alloted0.00 %Number of bids0 Credit rating class2Term3MFixed purchase rate0.75 %Total bid amount, SEK mln0,000Prel. accepted volume, SEK mln0,000Percentage alloted0.00 %Number of bids0 Credit rating class2Term6MFixed purchase rate0.85 %Total bid amount, SEK mln0,000Prel. accepted volume, SEK mln0,000Percentage alloted0.00 %Number of bids0