Nano One Advances Materials for Solid State Lithium Ion Batteries
May 02 2019 - 05:03AM
(TSX-V: NNO) (OTC-Nasdaq Intl Designation: NNOMF)
(Frankfurt: LBMB). Nano One CEO Dan Blondal is
pleased to report that advances in its cathode technologies have
led to a growing pipeline of strategic opportunities for solid
state and next generation lithium ion batteries. There are now
twenty strategic relationships at various stages of development,
which represents a ten-fold increase over the last year.
“There is a global effort underway to increase the energy
density and safety of lithium ion batteries,” explained Nano One
CEO, Dan Blondal, “and solid-state batteries are one of the more
promising solutions. Nano One has developed a number of cathode
materials and processes that have caught the attention of the
industry, primarily from within the automotive sector. We have many
third-party evaluations now underway with the goal of partnering to
make solid state batteries a reality.”
Nano One’s cathode material development program includes
enhancements that are designed to prevent chemical side reactions,
for improved safety and longevity. These enhancements apply to Nano
One’s NMC and High Voltage Spinel cathode materials. NMC batteries
are critical to long range electric vehicles, while High Voltage
Spinel has long term strategic value because it enables high energy
densities, fast charging, and is free of cobalt and the associated
supply chain risk.
Mr. Blondal said, “We are collaborating with industry leaders to
identify the most promising cathode materials for next generation
lithium ion batteries, and we are working to convert these leads
into partners, as we did recently with Pulead Technology and
Saint-Gobain. Nano One is executing on its plans and is well
positioned to capitalize on rising automotive interest in both
electrode technology and solid-state lithium ion batteries.”
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, consumer electronics and next generation batteries.
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 has preliminary
engineering plans in place for full scale production of a range of
cathode materials. This pilot plant program 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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