Li-Cycle and Shift2 Partner to Donate Laptops to High School Students in Rochester, New York
Li-Cycle to extend corporate sponsorship of Shift2, a non-profit organization formerly known as The Shore Foundation, for an additional three years as part of its ongoing commitment to support local communities
Anthony Staley (VP, Rochester Hub, Li-Cycle) hands out a laptop to a senior student at Edison Tech High School. Li-Cycle partnered with Shift2, a local non-profit, to donate laptops to 60 students at the
At an event at Edison Tech today, representatives from Shift2 and Li-Cycle presented laptops to students who have completed a college application, a financial aid application, or have actively pursued employment in the trades.
Li-Cycle is also pleased to announce the extension of its corporate sponsorship of Shift2 for an additional three years. Through its sponsorship, Li-Cycle will continue to support Shift2’s mission and make a positive impact on the lives of individuals residing in and around the greater
Anthony Staley, VP, North American Hub, Li-Cycle, commented: “We are thrilled to extend our partnership with Shift2 and provide students with laptops and support their education. By working with Shift2, we can enhance our ability to deliver a positive impact to local
Megan Alchowiak, Executive Director, Shift2, commented: “We are excited to strengthen our partnership with Li-Cycle and greatly appreciate their support of our mission. Today’s donation showcases both Li-Cycle and Shift2’s firm commitment to making a tangible difference in the
Jacob Scott, Principal, Edison Tech, commented: "We are incredibly grateful to Li-Cycle and Shift2 for their generous donation of laptops to our senior students, which will make a positive difference to their future success. These laptops provide our seniors with the necessary tools to excel in their studies and empowers them to navigate the digital world with confidence. It is great to see the remarkable impact that can be made when our community comes together to support education and invest in the dreams and aspirations of our youth."
Since 2021, Li-Cycle and Shift2 have worked together to support efforts to recycle lithium-ion batteries from used laptops in a safe and environmentally friendly manner. Li-Cycle also supports Shift2’s mandate of distributing refurbished laptops to individuals in the
About Li-Cycle Holdings Corp.
Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of battery-grade materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.
About Shift2
Shift2 (formerly known as The Shore Foundation) is a non-profit organization in
Forward-Looking Statements
Certain statements contained in this press release may be considered “forward-looking statements” within the meaning of the
These forward-looking statements are provided for the purpose of assisting readers in understanding certain key elements of Li-Cycle’s current objectives, goals, targets, strategic priorities, expectations and plans, and in obtaining a better understanding of Li-Cycle’s business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes and is not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability.
Forward-looking statements involve inherent risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Li-Cycle, and are not guarantees of future performance. Li-Cycle believes that these risks and uncertainties include, but are not limited to, the following: Li-Cycle’s inability to economically and efficiently source, recover and recycle lithium-ion batteries and lithium-ion battery manufacturing scrap, as well as third party black mass, and to meet the market demand for an environmentally sound, closed-loop solution for manufacturing waste and end-of-life lithium-ion batteries; Li-Cycle’s inability to successfully implement its global growth strategy, on a timely basis or at all; Li-Cycle’s inability to manage future global growth effectively; Li-Cycle’s inability to develop the Rochester Hub, and other future projects including its Spoke network expansion projects in a timely manner or on budget or that those projects will not meet expectations with respect to their productivity or the specifications of their end products; Li-Cycle’s failure to materially increase recycling capacity and efficiency; Li-Cycle may engage in strategic transactions, including acquisitions, that could disrupt its business, cause dilution to its shareholders, reduce its financial resources, result in incurrence of debt, or prove not to be successful; one or more of Li-Cycle’s current or future facilities becoming inoperative, capacity constrained or if its operations are disrupted; additional funds required to meet Li-Cycle’s capital requirements in the future not being available to Li-Cycle on acceptable terms or at all when it needs them; Li-Cycle expects to continue to incur significant expenses and may not achieve or sustain profitability; problems with the handling of lithium-ion battery cells that result in less usage of lithium-ion batteries or affect Li-Cycle’s operations; Li-Cycle’s inability to maintain and increase feedstock supply commitments as well as securing new customers and off-take agreements; a decline in the adoption rate of EVs, or a decline in the support by governments for “green” energy technologies; decreases in benchmark prices for the metals contained in Li-Cycle’s products; changes in the volume or composition of feedstock materials processed at Li-Cycle’s facilities; the development of an alternative chemical make-up of lithium-ion batteries or battery alternatives; Li-Cycle’s revenues for the Rochester Hub are derived significantly from a single customer; Li-Cycle’s insurance may not cover all liabilities and damages; Li-Cycle’s heavy reliance on the experience and expertise of its management; Li-Cycle’s reliance on third-party consultants for its regulatory compliance; Li-Cycle’s inability to complete its recycling processes as quickly as customers may require; Li-Cycle’s inability to compete successfully; increases in income tax rates, changes in income tax laws or disagreements with tax authorities; significant variance in Li-Cycle’s operating and financial results from period to period due to fluctuations in its operating costs and other factors; fluctuations in foreign currency exchange rates which could result in declines in reported sales and net earnings; unfavorable economic conditions, such as consequences of the global COVID-19 pandemic; natural disasters, unusually adverse weather, epidemic or pandemic outbreaks, cyber incidents, boycotts and geo-political events; failure to protect or enforce Li-Cycle’s intellectual property; Li-Cycle may be subject to intellectual property rights claims by third parties; Li-Cycle’s failure to effectively remediate the material weaknesses in its internal control over financial reporting that it has identified or if it fails to develop and maintain a proper and effective internal control over financial reporting. These and other risks and uncertainties related to Li-Cycle’s business are described in greater detail in the section entitled “Risk Factors” and “Key Factors Affecting Li-Cycle’s Performance” in its Annual Report on Form 20-F filed with the
Li-Cycle assumes no obligation to update or revise any forward-looking statements, except as required by applicable laws. These forward-looking statements should not be relied upon as representing Li-Cycle’s assessments as of any date subsequent to the date of this press release.
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Media
Louie Diaz
media@li-cycle.com
Source: Li-Cycle Holdings Corp.