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Battery Technology Firm Launches AI Driven Battery Revival Program
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Extreme Vehicle Battery Technologies Corp. announced the launch of its "Battery Revival Program" which will employ the firm's proprietary AI technology to swiftly analyze used batteries for reuse and repurposing.

In a news release, blockchain and battery technology company Extreme Vehicle Battery Technologies Corp. (ACDC:CSE) announced that it has launched its "Battery Revival Program." The firm explained that the program will utilize its proprietary artificial intelligence (AI) technology on used batteries, which can then be repurposed and used in future applications including energy storage systems (ESS) and electric vehicles (EV).

Extreme Vehicle Battery Technologies noted that it is rolling out this new program at a point in time when the growth of electronic waste materials has become a major concern worldwide. The firm cited a report from Thomson Reuters that noted that e-waste reached a record 53.6 million tonnes in 2020 and is expected to increase by 100% over the next 30 years. The company also reported that only 17.4% of this waste is recycled according to a global e-waste report commissioned by the United Nations (U.N). The report from the U.N. went on to say that this "tsunami of e-waste" has made e-waste management a top priority as current disposal methods are unsustainable and are causing unmeasurable environmental damage.

The company advised that its AI driven technology allows it to carry out a rapid and proprietary testing program to quickly and thoroughly analyze used batteries which can then either be refurbished back to 100% or reused in future ESS production.

Extreme Vehicle Battery Technologies' President and CEO Bryson Goodwin stated, "Our patented and industry leading technology will allow us to refurbish and return to use used batteries, which could be a phenomenal win for efforts to reduce waste and curb the release of toxic components into the environment. We intend to apply or proprietary AI integrated BMS technology to manufacture and sell state-of-the-art ESS products."

"As the world is drowning in waste, we all need to look for better, safer and cleaner alternatives. The surge of electric vehicles is bringing with it a wave of used batteries. Most EV batteries are deemed non-functional when they lose functionality in 20% of their fuel cells. Think of the waste," Goodwin added.

EV Battery Technologies noted that in addition to the obvious benefits to the environment, the firm will be able to enjoy massive cost savings in producing ESS products. The company explained that the largest cost in ESS is the batteries, so by using recycled batteries it will achieve significant cost savings.

The company pointed out that its AI technology provides it with the capability to use recycled batteries in its own ESS manufacturing process which it turn will make it one of the industry's greenest battery technology companies.

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Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Extreme Vehicle Battery Technologies Corp. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Extreme Vehicle Battery Technologies Corp., a company mentioned in this article.




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