Nano One Receives $624,028 Installment from SDTC
August 16 2017 - 4:05AM
Dan Blondal, CEO of Nano One Materials Corp. (TSX-V:NNO)
(Frankfurt:LBMB) (OTC:NNOMF), today announced that Nano One has
received an installment of $624,028 from Sustainable Development
Technology Canada (SDTC). This installment is a result of SDTC’s
acceptance of Nano One’s deliverables for the first milestone of
the pilot plant project and is an advance on the second milestone
activities which are already in progress.
“This is the second of
four installments from SDTC” said Mr.
Blondal, “awarded to Nano One after
delivering on its commitments to SDTC including pilot plant
commissioning, production of first materials and reporting. The
review process is thorough and this achievement further confirms
our ability to execute and deliver on our plans.”
The Government of Canada has provided
approximately $1.8 million to date in non-dilutive and
non-repayable support to Nano One’s pilot project through SDTC and
the Automotive Supplier’s Innovation Program (ASIP). Nano One also
receives support from the National Research Council of Canada
Industrial Research Assistance Program on a related project.
Mr. Blondal added: “SDTC and ASIP are
providing critical support for Nano One’s lithium ion cathode
materials piloting activities which are drawing attention from
major industrial interests in the lithium ion battery space. We
remain committed to developing sustainable energy storage
technology in partnership with the Government of
Canada.”
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 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
Certain information contained herein may
constitute “forward-looking information” under Canadian securities
legislation. Forward-looking information includes, but is not
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