Rock Tech Appoints Esther Bahne as Chief Strategy & Marketing Officer
Rock Tech Lithium Inc. has appointed Esther Bahne as Chief Strategy & Marketing Officer. With over 16 years in the automotive sector, Bahne's prior roles include Global Head of Strategy and Innovation at BMW Group and Chief Marketing Officer at MINI. She will enhance Rock Tech's sustainability agenda and recycle lithium battery materials, aiming for the world's first closed-loop lithium production. The company targets commissioning Europe's first lithium converter by 2024, producing 24,000 tonnes annually, sufficient for 500,000 electric vehicles.
- Esther Bahne's extensive automotive experience expected to strengthen Rock Tech's strategic direction.
- Bahne will drive sustainability initiatives, enhancing company's position in the cleantech sector.
- Plans to launch Europe's first lithium converter in 2024, with capacity for 24,000 tonnes annually.
- Management change may raise concerns about continuity and experience transfer.
- Dependence on successful execution of ambitious sustainability goals could present risks.
VANCOUVER, BC, Oct. 8, 2021 /PRNewswire/ - Rock Tech Lithium Inc. (the "Company" or "Rock Tech") (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) is pleased to announce that Esther Bahne has joined the Company's management team as Chief Strategy & Marketing Officer.
Esther Bahne brings more than 16 years of experience in the automotive industry, previously working at BMW Group, where she served as the Global Head of Strategy and Innovation and Chief Marketing Officer at MINI, being responsible for the entire relaunch of the MINI brand, and at Audi AG, where she led the company's Social Innovation practice and established its corporate sustainability strategy.
"We are thrilled to have Esther join our fast-growing, high caliber team," said Dirk Harbecke, Rock Tech's Chairman & Chief Executive Officer. "Not only does she bring a wealth of experience and intricate knowledge of the automotive industry, she's also an accomplished strategist and visionary with a track record of leading interdisciplinary, diverse teams with operations around the world."
Esther Bahne, Chief Strategy & Marketing Officer: "I am excited to join Rock Tech on its mission to fuel the green energy revolution. Our future life is based on batteries – from mobile phones to cars. But if we want to rely on battery power to transform both our energy and mobility sectors and battle climate change, we need to ensure we produce them sustainably. Rock Tech is a pioneer in this effort, and I will support them in becoming the first closed-loop lithium company world-wide."
As the Company's Chief Strategy & Marketing Officer, Esther Bahne will drive Rock Tech's sustainability agenda, help it develop its recycling business, and redeem its promise as a cleantech company zeroing out emissions, one lithium battery at a time.
About Rock Tech Lithium Inc.
Rock Tech Lithium is a cleantech company with operations in Canada and Germany that will supply the automotive industry with high quality lithium hydroxide "made in Germany". As early as 2024, the company will commission Europe's first lithium converter with a production capacity of 24,000 tonnes per year. This is equivalent to the volume needed to equip around 500,000 electric cars with lithium-ion batteries.
The cleantech company has set itself the goal of creating the world's first closed loop for lithium, thus closing the raw material gap on the road to clean mobility. Rock Tech owns the Georgia Lake lithium project in Ontario, Canada and, as early as 2030, around 50 percent of the raw materials used are expected to come from the recycling of batteries.
Rock Tech Lithium is listed on the TSX Venture and Frankfurt stock exchanges. The company is led by Dirk Harbecke, Chairman & CEO, Stefan Krause, Chief Financial Officer, and Don Stevens, Chief Technology Officer and Esther Bahne as Chief Strategy & Marketing Officer.
Rock Tech Lithium - The super fuel for the battery age
On behalf of the Board of Directors,
Dirk Harbecke
Chairman and Chief Executive Officer
Cautionary Note Concerning Forward-Looking Information
The following cautionary statements are in addition to all other cautionary statements and disclaimers contained elsewhere in, or referenced by, this news release.
Certain information set forth in this news release contains "forward-looking information" within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this news release, including those regarding Rock Tech's opinions, beliefs and expectations, business strategy, development and exploration opportunities and projects, mineral resource estimates, drilling and modeling plans, and plans and objectives of management for operations and properties constitute forward-looking information. Generally, forward-looking information can be identified by the use of words or phrases such as "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and all other indications of future tense. All forward-looking information set forth in this news release are expressly qualified in their entirety by the cautionary statements referred to in this section.
Forward-looking information is based on certain estimates, expectations, analysis and opinions that are believed by management of Rock Tech to be reasonable at the time they were made or in certain cases, on third party expert opinions. It should be noted that, in order to achieve its objectives, Rock Tech will be required to raise additional funding and the availability of financing on satisfactory terms is not guaranteed. This forward-looking information was derived utilizing numerous assumptions regarding, among other things, the supply and demand for, deliveries of, and the level and volatility of prices of, intermediate and final lithium products, expected growth, performance and business operation, prospects and opportunities, general business and economic conditions, results of development and exploration, Rock Tech's ability to procure supplies and other equipment necessary for its business, including development and exploration activities. The foregoing list is not exhaustive of all assumptions which may have been used in developing the forward-looking information. While Rock Tech considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking information should not be read as a guarantee of future performance or results.
In addition, forward-looking information involves known and unknown risks and uncertainties and other factors, many of which are beyond Rock Tech's control, that may cause Rock Tech's actual events, results, performance and/or achievements to be materially different from that which is expressed or implied by such forward-looking information. Risks and uncertainties that may cause actual events, results, performance and/or achievements to vary materially include the risk that Rock Tech will not be able to meet its financial obligations as they fall due, changes in commodity prices, Rock Tech's ability to retain and attract skilled staff and to secure feedstock from third party suppliers, unanticipated events and other difficulties related to construction, development and operation of converters and mines, the cost of compliance with current and future environmental and other laws and regulations, title defects, competition from existing and new competitors, changes in currency exchange rates and market prices of Rock Tech's securities, Rock Tech's history of losses, impacts of climate change and other risks and uncertainties discussed under the heading "Financial Instruments and Other Risks" in Rock Tech's most recently filed Management Discussion and Analysis, a copy of which is filed electronically through SEDAR and is available online at www.sedar.com. Such risks and uncertainties do not represent an exhaustive list of all risk factors that could cause actual events, results, performance and/or achievements to vary materially from the forward-looking information.
We cannot assure you that actual events, results, performance and/or achievements will be consistent with the forward-looking information and management's assumptions may prove to be incorrect. Our forward-looking information reflects Rock Tech management's views as at the date the information is created. Except as may be required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility, obligation or undertaking to update or to revise any forward-looking information, whether as a result of new information, future events or otherwise, to reflect any change in Rock Tech's expectations or any change in events, conditions or circumstances on which any such information is based.
The forward-looking information contained herein is presented for the purposes of assisting readers in understanding Rock Tech's plans, objectives and goals and is not appropriate for any other purposes.
Given these uncertainties, readers are cautioned not to rely on the forward-looking information set forth in this news release.
View original content to download multimedia:https://www.prnewswire.com/news-releases/rock-tech-appoints-esther-bahne-as-chief-strategy--marketing-officer-301396463.html
SOURCE Rock Tech Lithium Inc.
FAQ
Who is Esther Bahne in relation to Rock Tech Lithium Inc. (RCKTF)?
What is Esther Bahne's background before joining Rock Tech (RCKTF)?
What are the main responsibilities of Esther Bahne at Rock Tech (RCKTF)?
When is Rock Tech (RCKTF) planning to launch its lithium converter?
What is Rock Tech Lithium Inc.'s goal regarding lithium production?
