Westborough, MA – According to filings with the U.S. Securities and Exchange Commission, Ascend Elements is raising $50,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Mike OKronley played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Ascend Elements
Based in Westborough, Mass., Ascend Elements is revolutionizing the production of lithium-ion battery materials by establishing a clean and sustainable supply chain using recycled feedstock. Its patented Hydro-to-Cathode technology directly synthesizes new cathode active materials from spent lithium-ion cells more efficiently than traditional methods, resulting in reduced cost, improved performance, and lowered GHG emissions. The results are lower cost, better performance batteries with fewer discarded in landfill, a cleaner manufacturing process, and a truly sustainable closed-loop circular battery economy. Ascend Elements is taking the lithium-ion battery industry to a higher level.

To learn more about Ascend Elements, visit http://www.ascendelements.com/

Contact:
Mike OKronley, Chief Executive Officer
508-936-7701
https://www.linkedin.com/in/mike-o-kronley-32173715/

SOURCE: http://www.intelligence360.io
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