Armanino Press Release
Press Release

Selected Independent Auditor - Aqua Metals

Clean Battery Recycling Company Recently Went IPO with California-based Firm

SAN RAMON, Calif.  (August 12, 2015) — Armanino LLP, the largest independent accounting and business consulting firm based in California, announced that they worked alongside lead acid battery recycler Aqua Metals (Nasdaq: AQMS) as the independent auditor of record during their recent IPO.

“We are honored that Aqua Metals has joined the many public companies who trust Armanino with their financial statement audits,” said Matthew Perreault, partner and head of Armanino’s Technology and SEC Audit Practice. “It’s also a great opportunity to work with a company that is looking to bring jobs back to the US with a clean ‘green’ technology-based solution.”

Armanino has served more than 100 public companies over the last 20 years, with expertise in four distinct areas: financial statement audits, Sarbanes-Oxley internal control documentation and testing, tax compliance and planning, and a variety of consulting and software solutions. Armanino fields a powerful team of audit, tax and consulting professionals who formerly served as key members of Big Four practices.

“Armanino has been a trusted partner throughout our IPO process,” said Thomas Murphy, chief financial officer and co-founder of Aqua Metals, “which gave us confidence we wouldn’t have any last minute surprises as we went through the SEC filing and review process.”

Aqua Metals will retain Armanino as their independent auditor of record.

August 12, 2015

About ArmaninoLLP

Armanino LLP ( is one of the 25 largest independent accounting and business consulting firms in the nation. Armanino provides an integrated set of audit, tax, business management, consulting and technology solutions to companies in the U.S. and globally. The firm helps clients adapt and change in every stage of business, from startup through rapid growth to the sale of a company. Armanino emphasizes smart technology, leading a cloud revolution of financial, operational, sales and compliance tools that are transforming the way companies do business. The firm extends its global services to more than 100 countries through its membership in Moore Global, one of the world's major accounting and consulting membership organizations. In addition to its core consulting and accounting practices, Armanino operates its division, AMF Media Group (, a media and communications services agency. Its affiliate, Intersect Capital ( is an independent financial planning, wealth and lifestyle management firm.

About Aqua Metals, Inc.

Aqua Metals, Inc. (NASDAQ:AQMS) has developed AquaRefining™, a modular electrochemical process that produces ultra-pure lead from used lead-acid batteries in an efficient and socially responsible manner. Unlike lead smelting (the current method of recycling lead-acid batteries), AquaRefining produces almost no emissions. AquaRefining also consumes significantly less energy and is more cost effective than lead smelting. Aqua Metals has engineering offices in Oakland, California and plans to build multiple commercial AquaRefineries, the first of which will be near Reno, Nevada. For more information, please

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