Nano One Receives Funding from the Government of Canada to Improve Durability of Lithium Ion Batteries
August 15 2018 - 4:02AM
(TSX-V: NNO) (OTC-Nasdaq Intl
Designation: NNOMF) (Frankfurt: LBMB).
Dan Blondal, CEO of Nano One Materials, is pleased to announce the
launch of a project focused on improving the durability of lithium
ion cathode materials with the support of the National Research
Council of Canada Industrial Research Assistance Program (NRC
IRAP).
NRC IRAP will support Nano One’s project to
develop Coatings for High Durability Lithium ion Battery Cathodes
and will contribute up to $349,000 in non-dilutive and
non-repayable funds between August 1, 2018 and May 31, 2020.
“NRC IRAP has been a strong supporter of Nano
One since 2014 and we are honoured to embark on our fourth project
with them,” said Mr. Blondal. “The work will be directed to
improving lithium ion cathode durability and stability, and it will
build on the success of our NRC IRAP High Voltage Spinel project
and leverage resulting patent applications.”
The automotive industry is seeking higher levels
of energy density to extend the range of electric vehicles. The
tradeoff for higher energy densities is reduced levels of material
stability and durability. A range of dopants and coatings have been
identified that could reduce instability and durability in high
energy cathode materials and it is the goal of this project to
determine the optimum combination. Based on strong market interest,
High Voltage Spinel (HVS) will serve as the material of focus for
the project as it is both cobalt free and a strong candidate as
cathode material for next generation solid state batteries. Results
from the project will be applied to other high nickel materials
including NMC622.
Nano One currently has active contribution
agreements with NRC IRAP, Sustainable Development Technology Canada
and the Automotive Supplier Innovation Program – all programs of
the Government of Canada. Combined, these funding sources are
projected to extend Nano One’s operating capital into Q1 2020.
Mr. Blondal added: “We are excited to begin a
focused effort on the critical challenge of stabilizing high energy
cathode materials. We have a proprietary, advantageous and low cost
method of applying coatings and dopants to cathode materials and
this project will industrialize the process to further
differentiate Nano One’s commercial offering.”
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) 420-2041 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 has built a pilot plant
to demonstrate high volume production and to optimize its
technology across a range of materials. 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) a program of
Innovation, Science and Economic Development Canada ISED). 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
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