- The Dutch standardized test (known as the NTA 8133) is the
most rigorous test on portable fire extinguishers for lithium-ion
battery fires in the world
- FCL-X™ passed the test with exceptional
cooling capability and no reignition while demonstrating the best
cell survival rate of any portable fire extinguishers tested to
date
- This major achievement puts FCL-X™ at the very
forefront of the critical fight against lithium-ion battery fires
and is expected to attract serious attention in this new and
growing global market
- To learn more about this lithium-ion fire extinguishing
breakthrough, join Carlos
Vicens, CEO of Full Circle Lithium at 12 PM (Noon) EST this Thursday, September 5th – Click Here to
Register.
TORONTO, Sept. 3,
2024 /CNW/ - Full Circle Lithium Corp. ("FCL" or the
"Company") (TSXV: FCLI) (OTCQB: FCLIF), a USA-based lithium products manufacturer, is
pleased to report that its FCL-X™ specialty
lithium-ion battery fire extinguishing agent has achieved its most
significant milestone to date attaining the world-renowned leading
lithium-ion battery fire extinguishing Dutch Standard Designation
(the "NTA 8133"). This standard designation for lithium-ion battery
fires is considered the most rigorous testing standard in the world
for fire extinguishers. FCL-X™ demonstrated that it
is a best-in-class fire-fighting tool for lithium-ion battery
fires.
Carlos Vicens, founder, and CEO,
stated, "Based on industry feedback, we wanted to demonstrate, via
the NTA 8133 (which is the highest measurable global standard
available), the effectiveness of our FCL-X™ portable
fire extinguisher on lithium-ion battery fires. We are very
pleased to have demonstrated that our
FCL-X™ extinguisher is an effective tool in
the market today under this important standard, and we are looking
forward to receiving the certification stamp in the coming
weeks."
Tom Currin, founder and COO
stated, "We continue to be amazed by the performance
characteristics of FCL-X™ and I am proud of our
development and manufacturing team."
NTA 8133 Designation Standard
Like many governments around the world, the Dutch government
recognized the risk of lithium-ion battery fires and the need for
effective suppressant and extinguishing agents and commissioned
KIWA and the Royal Netherlands Standardization Institute to develop
a technical guideline to test the suitability of portable fire
extinguishers for lithium-ion battery fires. In November 2021 this resulted in the Nederlandse
Technische Afspraak (NTA) 8133 Standard, which sets the world's
first standards for testing suppression agents for lithium-ion
battery fires of up to 600 Wh. This includes chargeable batteries
for handheld electronics, such as smartphones, laptops, electric
tools, household equipment, portable medical equipment, toys,
radio-controlled objects, drones, and e-bikes.
Li-Battery Fires are Being Recognized as a Global
Problem
According to an Arthur J.
Gallagher & Co. (a leading Global insurance company),
2024 report titled "Lithium-ion Battery Fires – A Burning Issue for
Urban Centers and Beyond", incidents
of lithium-ion battery-related fires are increasing globally
leading to physical damage and personal loss. The resulting claims
and losses have insurers reevaluating their liabilities as
businesses and policymakers attempt to understand the rise in
incidents and take steps to mitigate the risk. The global demand
for lithium-ion battery fires is expected to grow seven-fold from
2022 to 2030 and this growth is expected to generate a larger
number of lithium-ion battery-related fires.
As lithium-ion batteries become increasingly more prevalent
globally, the need for specialized fire safety measures
corresponding to their unique fire hazards has never been more
critical.
FCL-X™ is Uniquely Formulated to Fight
Lithium-ion Battery Fires
Lithium-ion battery fires are the result of thermal runaway and
catastrophic failure of the battery, caused by factors such as
overcharging, overheating, physical damage, or internal battery
malfunction, posing significant risks to property, life, and the
environment. Thermal runaway happens when Lithium-ion batteries hit
a temperature of approximately 60°C+, releasing toxic gases and
igniting. Cooling the entire battery pack is crucial to stopping
the reaction in the damaged cells of the battery and preventing
overheating and ignition in additional cells. FCL-X™
was specifically designed to extinguish and mitigate the hazards of
Lithium-ion battery fires but also to quickly cool additional
battery cells in the battery module.
For more detailed information on FCL-X™ please
visit our website at
https://fullcirclelithium.com/product-fcl-x/.
About Full Circle Lithium Corp.
Situated in the epicenter of the largest EV buildout in
North America, FCL's fully
permitted lithium products manufacturing plant in the state of
Georgia, USA combined with a
complement of seasoned lithium experts, makes FCL a unique
processor and manufacturer of lithium products. FCL is focused on
lithium and battery materials reintegration to meet the demand for
crucial battery-grade raw materials, utilizing proprietary
technology and know-how. Following the Company's mantra of the
"home of lithium science", FCL has also developed an innovative
lithium-ion battery fire-extinguishing agent (FCL-X™)
to address the increasing number of difficult to extinguish and
hazardous lithium-ion battery-based fires. A PCT patent application
has been filed by the company to protect its FCL-X™
invention. Additional information regarding FCL is available on
SEDAR at www.sedar.com under the Company's profile and on its
website www.fullcirclelithium.com
Cautionary Statement
Neither TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
This news release contains forward-looking statements within
the meaning of securities legislation in the Canada and which are based on the
expectations, estimates and projections of management of the
parties as of the date of this news release unless otherwise
stated. Forward-looking statements are generally identifiable by
use of the words "expect", "anticipate", "continue", "estimate",
"objective", "ongoing", "may", "will", "project", "should",
"could", "believe", "plans", "intends" or the negative of these
words or other variations on these words or comparable terminology.
More particularly, and without limitation, this news release
contains forward-looking statements and information concerning
expectations on the viability, effectiveness, safety and any
potential production and additional commercialization related to
the battery fire extinguishing agent which is at an early stage of
development and commercialization (which is very difficult for a
start-up venture like FCL as there are much larger and better
capitalized established companies that can potentially quickly
enter the lithium-ion battery fire-fighting market and create
strong competition against FCL), on receiving patent protection for
this fire-extinguishing agent and related inventions and processes,
the ability of FCL, a start-up venture, to successfully
commercialize its fire-extinguishing agent including ramping-up
production of the agent to meet potential demand, continue raising
capital, upgrading and refurbishing its plant, and sourcing
feedstock for its lines of business. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause actual results, performance or achievements
to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. Such factors include, among others, the uncertainties
and risk factors related to the technical elements in a processing
and refining business, loss of key technical and other staff,
lithium price fluctuations, the battery fire-extinguishing agent
functioning as expected to meet safety requirements and
fire-fighting related government regulations and potential client
product specifications, and applicable environmental requirements
and issues – see additional risks described in FCL's public
filings. Actual results, developments and timetables could vary
significantly from the estimates presented. Readers are cautioned
not to put undue reliance on forward-looking statements. FCL
disclaims any intent or obligation to update publicly such
forward-looking statements, whether as a result of new information,
future events or otherwise, unless required by law. Additionally,
FCL undertakes no obligation to comment on analyses, expectations
or statements made by third parties in respect of FCL, its
financial or operating results or its securities.
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SOURCE Full Circle Lithium Corp.