Aqua Metals, Inc. announced it has completed its V1.5 Aqualyzer program just six months after completing V1.25. This latest Aqualyzer configuration has now achieved lead production that is over 300% greater than the V1.0 Aqualyzer deployed at the AquaRefinery during commercial production in 2018 and 2019. These results are expected to positively impact capital and operating expenses for the Companys current and future equipment supply and technology licensing customers. The increase in throughput results in a reduction of more than 60% in the number of Aqualyzers needed for equivalent lead production delivered by the V1.0 model, reducing capital and labor and footprint requirements. This latest iteration has also increased electrical efficiency to 97%, which further improves operating costs. The current design has a single button start and stop functionality with no manual interaction required during operation and automated maintenance capability. The 60% overall reduction in operating expenses and 50% reduction in capital expenditures from V1.0 to V1.5 greatly exceeds the targets set in early 2020.