Nano One Signs a Joint Development Agreement with Saint-Gobain
December 18 2018 - 3:07AM
(TSX-V: NNO) (OTC-Nasdaq Intl
Designation: NNOMF) (Frankfurt: LBMB).
Nano One CEO, Mr. Dan Blondal, is pleased to announce that the
company has entered into a Joint Development Agreement with
Saint-Gobain. The goal of the collaboration is to enhance high
temperature processing of Nano One’s lithium ion battery materials.
Saint-Gobain is a multi-billion euro French
multinational corporation, founded in 1665 and producing a wide
variety of construction and high-performance materials for
applications in automotive, aerospace, health and energy. This
agreement formalizes innovative efforts that began earlier this
year and commercial terms remain confidential.
“Saint-Gobain has a rich history in innovation and
collaboration,” explained Ms. Ben Bassat, Nano One’s VP of Business
Development, “and we are delighted to be working with a global
leader in materials and sustainable solutions. Their materials are
complementary to our processing technology and this agreement adds
to our current efforts with other strategic interests in the
lithium ion battery supply chain.”
Nano One’s lithium ion powders are made using a
patented process that blends lithium and other metals such as
manganese, nickel, cobalt, aluminum and iron, prior to high
temperature processing in a furnace. The two companies will work in
collaboration, under the joint development agreement, to enhance
the performance of their respective materials.
Saint-Gobain will also be joining Nano One’s
demonstration pilot project, as a consortium member with the
support of the Government of Canada through Sustainable Development
Technology Canada.
Mr. Natesh Krishnan, Worldwide Commercial Director,
said, “Innovation for a sustainable future is at the core of
both companies and our combined know-how has the potential to put
us at the forefront of transformative energy storage solutions. We
look forward to working in close collaboration with Nano One.”
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 Saint-Gobain
Saint-Gobain designs, manufactures and distributes
materials and solutions which are key ingredients in the wellbeing
of each of us and the future of all. They can be found everywhere
in our living places and our daily life: in buildings,
transportation, infrastructure and in many industrial applications.
They provide comfort, performance and safety while addressing the
challenges of sustainable construction, resource efficiency and
climate change. Saint-Gobain had €40.8 billion in sales in 2017,
operates in 67 countries and has more than 179,000 employees.
www.saint-gobain.com
About Nano One
Nano One Materials Corp. (“Nano One” or “the
Company”) has developed patented technology for the low-cost
production of high performance lithium ion battery cathode
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
the full range of cathode materials and has the flexibility to
shift with emerging and future battery market trends.
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 battery
materials. www.nanoone.ca
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
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