FCL files PCT and U.S. patents for FCL-X lithium-ion battery fire extinguisher
by CM Staff
U.S. non-provisional patent application seeks 20 years of patent rights if granted.
TORONTO — Full Circle Lithium has filed a Patent Cooperation Treaty (PCT) and U.S. Patent Application for its FCL-X lithium-ion battery fire-extinguishing agent.
The PCT application enables global market protection, while the U.S. non-provisional patent application seeks 20 years of patent rights if granted.
Carlos Vicens, CEO, director and co-founder, said, “The patent applications for FCL-X are crucial for protecting our technology as we expand in the USA and internationally. Recent sales to a major EV manufacturer highlight strong market interest. Our teams are preparing for FCL-X demonstrations and increasing production this summer.”
FCL-X is designed for fighting lithium-ion battery fires in various applications including commercial, industrial, transportation residential settings, and for use by first responders.
One of the developers of FCL-X and also the COO and co-founder of the company, Thomas Currin, said, “The technology of FCL-X embodied in this patent application will allow us to proceed with our planned commercial efforts. We believe that the FCL-X if commercialized at scale, will provide a best-in-class, breakthrough product for lithium-ion battery fires that could save human lives as well as reduce property damage.”
In conjunction with FCL-X commercialization, the company plans a best-efforts private placement of units at $0.25 each, aiming for gross proceeds up to $1,000,000, with closing expected on or before July 9, 2024, facilitated by PowerOne Capital Markets.
