Veteran energy executives to assist in accelerating the development of Largo Clean Energy
Largo Resources Ltd. (” Largo ” or the ” Company “) (TSX: LGO) (NASDAQ: LGO) is pleased to announce that it has entered into an agreement for the strategic advisory services of Dr. Bart Riley and Dr. Jeffrey Chamberlain (the “ Advisors ”). The Advisors will provide advice to the Company’s board of directors (the “ Board ”) to accelerate the development of its Largo Clean Energy business.
Dr. Bart Riley:
Dr. Riley is a global leader with over 30 years of experience advancing new materials, launching disruptive products and building innovative companies in energy storage. Dr. Riley has a track record for solving complex technical and business problems to launch products in multiple verticals, including industrial equipment, consumer electronics, automotive, and grid services. Dr. Riley was a co-founder and Chief Technical Officer of A123 Systems from its startup through a $2 billion market cap as a publicly listed company. Dr. Riley was also the former Chief Development/Strategy Officer at Quantumscape from 2012 through 2016, an $18 billion U.S. based company that produces solid state lithium metal batteries for electric cars. More recently, Dr. Riley has provided strategic guidance to companies and non-profit organizations across various industries including energy storage, packaging, aerospace, and chemicals. Dr. Riley has a Ph.D. in Materials Science from Cornell University, 85 publications, and 62 U.S. patents.
Dr. Jeffrey Chamberlain:
Dr. Chamberlain is a proven leader with a long record of industrial product R&D and commercialization success in energy, integrated circuit, and water treatment technology for mining and mineral processing applications. Dr. Chamberlain’s industrial experience is complemented by his ten years’ of leadership of energy storage initiatives at Argonne National Laboratory. In collaboration with the U.S. Department of Energy, Dr. Chamberlain led the effort to successfully transfer advanced battery technology from Argonne to LG Chem, BASF, General Motors, Toda Kogyo, General Electric, and others. Dr. Chamberlain also led the team that was awarded $120 million from the U.S. Department of Energy to develop advanced energy storage technologies for transportation and the grid, through a U.S. consortium of innovators including MIT, Berkeley and Stanford. Dr. Chamberlain received his Ph.D. in the Physical Chemistry of Surfaces from the Georgia Institute of Technology.
Alberto Arias, Non-executive Chairman of Largo commented: “Both Dr. Chamberlain and Dr. Riley offer invaluable expertise as we continue our focus on becoming a leader in the fast-growing long-duration energy storage market.” He continued: “Their services also complement the recent appointment of Mr. Ian Robertson to Largo’s Board, which further supports the Company in unlocking the full potential of its clean energy storage business.”
About Largo Resources
Largo Resources is an industry preferred, vertically integrated vanadium company. It services multiple vanadium market applications through the supply of its unrivaled VPURE™ and VPURE+™ products, from one of the world’s highest-grade vanadium deposits at the Company’s Maracás Menchen Mine located in Brazil. Largo is also focused on the advancement of renewable energy storage solutions through its world-class VCHARGE± vanadium redox flow battery technology. The Company’s common shares are listed on the Toronto Stock Exchange and on the Nasdaq Stock Market under the symbol “LGO”.
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