Nano One Receives Additional Support from Government of Canada
June 30 2016 - 3:15AM
Dan Blondal, CEO of Nano One Materials Corp. (TSX-V:NNO)
(FSE:LBMB), announced today that Nano One will receive support from
the National Research Council of Canada Industrial Research
Assistance Program (NRC-IRAP).
NRC-IRAP will support Nano One’s project to develop High Voltage
Cobalt Free Cathode Materials and will contribute up to $222,857 in
non-dilutive and non-repayable funds between June 1, 2016 and
November 30, 2017.
“NRC-IRAP has been a valuable contributor on past projects,”
says Mr. Blondal, “and we are honoured to have their renewed
support in developing this important cathode material. In fact,
NRC-IRAP’s past support led to further innovations in Nano One’s
processing technology and a patent was filed earlier this month to
protect this novel discovery.”
Mr. Blondal adds that “high voltage long lasting cathodes like
this one use low cost raw materials and are of strategic interest
to industry players because it can help drive down weight, volume,
and cost of battery packs. Under this project, we will be
optimizing our patented process for this material in preparation
for strategic evaluation and scaled up production in our
demonstration pilot plant.”
Nano One’s innovative process improves the production and
nanostructure of this high voltage cobalt free material and battery
test results are showing more stability and higher conductivity
than commercially available materials. This could boost cell
capacity, extend longevity and improve safety. Add to that the
higher voltage and this material could increase energy and power
densities of batteries, reduce the number of battery cells and
lower requirements for thermal and charge management. These kinds
of advances are critical to next gen automotive and grid storage
batteries.
Separately, Nano One announces that it has retained the services
of Peter Thoma to assist with its investor relations activities and
in consideration of the services to be provided, Nano One will pay
Mr. Thoma a monthly fee of $2,000.
NANO ONE MATERIALS CORP.
Dan Blondal, CEO
For information with respect to Nano One or the contents of this
news release, please contact John Lando (President) at (604)
669-2701 or visit the website at www.nanoone.ca.
About Nano One
Nano One Materials Corp (“Nano One” or “the Company”) is
developing novel and scalable processing technology for the
low-cost production of high performance battery materials used in
electric vehicles, energy storage and consumer electronics. The
patented technology can be configured for a wide range of
nanostructured materials and has the flexibility to shift with
emerging and future battery market trends and a diverse range of
other growth opportunities. The novel three-stage process uses
equipment common to industry and is being engineered for high
volume production and rapid commercialization. Nano One’s mission
is to establish its patented technology as a leading platform for
the global production of a new generation of nanostructured
composite materials. For more information, please visit
nanoone.ca
Certain information contained herein may constitute
“forward-looking information” under Canadian securities
legislation. Forward-looking information includes, but is not
limited to, statements with respect to the actual receipt of the
grant monies, the execution of the Company’s plans which are
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