Coherent Corp. Explores Opportunities for Lithium Recycling Tech

Coherent's Initiative for Lithium-Ion Battery Recycling

Coherent Corp. (NYSE: COHR), known for its advancements in materials and laser technology, has recently initiated an evaluation of strategic alternatives for its innovative Streamlined Hydrometallurgical Advanced Recycling Process, commonly referred to as SHARP™. This move comes as part of the company’s broader strategic portfolio assessment aimed at harnessing the growing need for effective recycling solutions in the rapidly expanding lithium-ion battery (LiB) market.

The Growing Importance of Lithium-Ion Battery Recycling

As the demand for lithium-ion batteries surges—driven by the rising popularity of electric vehicles, and the escalating need for energy storage systems—the recycling of these batteries has become increasingly vital. Industry experts project that the global market for LiBs will continue to expand, emphasizing the need for sustainable practices in this field. Coherent's SHARP™ technology is poised to play a crucial role in addressing the environmental challenges posed by end-of-life LiBs.

Understanding SHARP™ Technology

SHARP™ technology is designed to efficiently recover and recycle critical metals from lithium-ion batteries, including nickel, cobalt, and lithium. This innovative process stands out because it simplifies the recycling method by eliminating the complex steps typically required for critical metal separation and purification. The efficiency of SHARP™ means that it can produce high-quality cathode materials suitable for new battery production directly from LiB waste, promoting a circular economy.

Benefits of SHARP™ Technology

The application of SHARP™ technology offers numerous benefits:

High Recovery Rates

One of the standout features of SHARP™ is its impressive recovery rate. The technology achieves over 97% recovery of essential metals, making it one of the most effective processes for extracting valuable materials from used batteries.

Cost Efficiency

SHARP™ is not just effective; it is also cost-efficient. Compared to common recycling processes, it reduces capital expenditure by 55%, minimizes the plant footprint by 45%, and lowers the use of reagents and utilities by 60%. Moreover, it cuts down CO2 emissions by an impressive 52%, showcasing its environmental friendliness.

Environmental Benefits

In terms of sustainability, SHARP™ technology is designed to be environmentally friendly. It operates with zero liquid discharge and produces no toxic solid, gas, or liquid waste, aligning perfectly with global sustainability goals.

Proven Success of SHARP™ Technology

SHARP™ has undergone extensive scaling and testing, confirming that the materials it produces perform equivalently to pristine materials in battery applications. This validation underscores its potential to meet the demands of high-performance lithium-ion batteries while supporting a more sustainable future.

Investor Engagement and Company Vision

Coherent encourages interested investors to reach out to Tim Challingsworth, Vice President of Strategy and Corporate Development, for further insights into the company’s strategic plans and innovations. This engagement reflects Coherent’s commitment to transparency and collaboration with potential stakeholders.

The company does not plan on making any further statements regarding this strategic evaluation until there is a material update.

About Coherent

Coherent is dedicated to empowering market innovators by providing breakthrough technologies across various fields. From industrial applications to communications and electronics, the company’s research, development, and manufacturing capabilities span the globe. With operations around the world, Coherent consistently delivers innovations that meet diverse customer needs.

Media Contact

Amy Wilson
Corporate Communications & Investor Relations
For further inquiries, please reach out to corporate.communications@coherent.com.

Frequently Asked Questions

What is SHARP™ technology?

SHARP™ (Streamlined Hydrometallurgical Advanced Recycling Process) is Coherent's innovative process for efficiently recovering and recycling metals from lithium-ion batteries.

What metals does SHARP™ recover?

SHARP™ technology recovers critical metals including nickel, cobalt, and lithium from end-of-life lithium-ion batteries.

How does SHARP™ compare to traditional recycling methods?

SHARP™ is significantly more efficient, presenting a 55% reduction in capital expenditures and achieving over 97% recovery rates for critical metals.

Is SHARP™ environmentally friendly?

Yes, SHARP™ technology is environmentally friendly, ensuring zero liquid discharge and producing no toxic waste during its operations.

How can investors learn more about Coherent's plans?

Interested investors can contact Tim Challingsworth, Vice President of Strategy and Corporate Development, for more information regarding strategic alternatives and future developments at Coherent.

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