Primobius Managing Director Michael Tamlin commented: “We are very delighted that Primobius and InoBat have commenced business planning activities and will work progressively towards definitive legal agreements for a cooperation. The fact that we aroused the interest of a battery manufacturer with our recycling technology so shortly after the founding of Primobius reflects the status of our project and the industrial scalability of our recycling solution.”
Primobius will commercialize advanced recycling technology, offering a unique and sustainable method for recovering valuable lithium, nickel, cobalt and other materials from expended and scrap electric vehicles and consumer electronics LiB’s.
InoBat is a member of the IPM Group of companies, focusing mainly on infrastructure and technology related investments in Europe, primarily in Slovakia, where it is establishing lithium-ion battery demonstration and production lines with applications in the electric vehicle sector.
SMS group is a group of companies internationally active in plant construction and mechanical engineering for the steel and nonferrous metals industry. It has some 14,000 employees who generate worldwide sales of more than EUR 2.9 billion. The sole owner of the holding company SMS GmbH is the Familie Weiss Foundation.