Nano One Demonstrates Pilot Plant with First Production of Lithium Ion Cathode Materials
June 26 2017 - 8:05AM
Dan Blondal, CEO of Nano One Materials (TSX-V:NNO) (Frankfurt:LBMB)
(OTC:NNOMF), today announced that commissioning of the pilot plant
is complete and that scaled-up production of lithium ion cathode
materials that meet Nano One’s processing and battery capacity
targets has been demonstrated.
“Following a flawless startup of the pilot,
initial results have exceeded our expectations,” said Mr. Blondal.
“The resulting cathode materials are meeting our targets in lithium
ion battery test cells and we are now well positioned to execute on
our 2017 plans in bringing industrial interests to the table.”
Nano One is also pleased to introduce Flavio
Campagnaro, who recently joined the team as Senior Process
Engineer, bringing over 20 years of experience in leading the
successful scale up of nanomaterials through laboratory, pilot
plant and commercial production.
“I am impressed with Nano One’s ability to hit
its targets,” said Mr. Campagnaro. “In this first pilot run, we
have demonstrated a 100-fold increase from laboratory scale volumes
and the chemical reactions, energy consumption, operating
parameters and throughput all proceeded as designed. From a process
engineering point of view, this is a great first step and reaffirms
our confidence in scalability. We look forward to optimizing the
process and showcasing the technology to cathode producers.”
Preliminary analysis of the pilot scale process
is consistent with the chemistry and operating parameters developed
in the laboratory. Furthermore, evaluations of the pilot produced
cathode materials show crystallinity, elemental composition and
battery capacity in line with Nano One’s laboratory scale process
and materials.
Mr. Blondal added “We thank NORAM Engineering
and BC Research for their design and system integration work on our
pilot plant. We have achieved key metrics on the first batch
through the pilot and we will now be demonstrating the process at a
scale that is representative of commercial production. We have a
world class team and we believe that this new phase of activities
will drive strategic engagement in the lithium ion battery supply
chain.”
NORAM Engineering President Dr. Tony Boyd said
“We congratulate Nano One in reaching this significant milestone
and we look forward to future collaboration.”
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 Flavio Campagnaro
Flavio Campagnaro is a licensed Professional
Engineer with diverse chemical and process engineering
experience. His recent experience includes the successful scale up
of nanomaterials production processes from laboratory to commercial
production for Vive Crop Protection Inc. Mr. Campagnaro has a
proven track record in aggressive process optimization and cost
control, for the profitable production of nanomaterials. He has
played key roles in research, development and commercialization
grants, including three successful SDTC projects totaling a few
million dollars. He also brings extensive business skills to the
table, including financing, market analysis, sales, project
management, human resources and budgeting.
About Nano One:
Nano One Materials Corp (“Nano One” or “the
Company”) is developing patented technology for the low-cost
production of high performance battery materials used in electric
vehicles, energy storage and consumer electronics. The processing
technology addresses fundamental supply chain constraints by
enabling wider raw materials specifications for use in lithium ion
batteries. The process can be configured for a range of different
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 Nano One is building a pilot plant
to demonstrate high volume production. The pilot plant is being
funded with the assistance and support of the Government of Canada
through Sustainable Development Technology Canada (SDTC) and the
Automotive Supplier Innovation Program (ASIP). Nano One also
receives financial support from the National Research Council of
Canada Industrial Research Assistance Program (NRC-IRAP). 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 www.nanoone.ca
About NORAM and BC Research
NORAM Engineering and Constructors Ltd. and
their subsidiary, BC Research Inc., supply proprietary engineering
and equipment packages to the chemical, pulp and paper, minerals
processing and electrochemical sectors. They are recognized
worldwide as a leader in the fields of nitration, sulfuric acid and
electrochemistry. In addition to carrying out large assignments for
major multi-national clients, NORAM and BC Research work with
early-stage technology companies. They provide engineering design
and fabrication support, sharing their experience in technology
commercialization, and growing with companies as a strategic
partner.
Certain information contained herein may
constitute “forward-looking information” under Canadian securities
legislation. Forward-looking information includes, but is not
limited to, the execution of the Company’s plans which are
contingent on the receipt of grant monies and the commercialization
of the Company’s technology and patents. Generally, forward-looking
information can be identified by the use of forward-looking
terminology such as 'believe', 'expect', 'anticipate', 'plan',
'intend', 'continue', 'estimate', 'may', 'will', 'should',
'ongoing', or variations of such words and phrases or statements
that certain actions, events or results “will” occur.
Forward-looking statements are based on the opinions and estimates
of management as of the date such statements are made and they are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of the Company to be materially different from
those expressed or implied by such forward-looking statements or
forward-looking information, including: the ability of the
Company to obtain additional financing; including the receipt of
grant monies from SDTC, ASIP, NRC-IRAP and the receipt of all
necessary regulatory approvals. Although management of the Company
has attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements or forward-looking information, there
may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. The
Company does not undertake to update any forward-looking statements
or forward-looking information that is incorporated by reference
herein, except as required by applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE
Nano One Materials (TSXV:NNO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Nano One Materials (TSXV:NNO)
Historical Stock Chart
From Apr 2023 to Apr 2024