(TSX-V: NNO) (OTC-Nasdaq Intl
Designation: NNOMF) (Frankfurt: LBMB).
Nano One CEO, Mr. Dan Blondal, is pleased to announce that Nano One
has been approved for $5 million from Sustainable Development
Technology Canada (“SDTC”) to support Nano One’s “Scaling Advanced
Battery Materials” project.
“This project will support scale up activities
with industrial partners and collaborators,” said Mr. Blondal, “and
we are thrilled to have SDTC’s approval. Nano One’s project
proposal to SDTC involves five multinational manufacturers and
European automakers contributing at various stages of research,
development, piloting and commercialization.”
SDTC is an independent federal foundation that
funds companies with the potential to transform the environmental
and economic prosperity of Canada. SDTC’s support and championing
of Canadian entrepreneurs – in the form of funding, knowledge and
ecosystem connectivity – makes a difference in today’s
hyper-competitive global market for clean technologies. By taking a
pan-Canadian approach, in partnership with the best peers and
experts, SDTC is the benchmark for sustainable development
innovation programming globally.
“As communicated previously,” Mr. Blondal added,
“Nano One is engaged with Pulead Technology and Saint-Gobain and we
are pleased to announce that Volkswagen Group Research will join
our consortium as a project contributor. Details on the other two
project contributors remain confidential. We are inspired to be
working with such accomplished global leaders and look forward to
accelerating our activities with the support of SDTC.”
The SDTC proceeds will be non-dilutive and
non-repayable and they will be directed at the expansion of Nano
One’s business and technical activities with its partners. The
goals are to expand the laboratory, pilot plant and staffing to
support the advancement of next generation lithium ion battery
cathode materials, used in electric vehicles and renewable energy
storage. Nano One is jointly developing industrial scale processes
with its partners for the commercial production of these
materials.
Leah Lawrence, President and CEO of SDTC,
said, “To lower greenhouse gas emissions, we must make it
easier for Canadians to adopt new clean technologies. Nano One is
leading that change through its low-cost production of high
performance lithium ion battery materials, which are broadly used
in electric vehicles, energy storage and consumer electronics.”
“SDTC is globally recognized for their expertise
in cleantech investment. They have a competitive selection process
and they have performed rigorous due diligence of the Nano One
consortium application,” said Mr. Blondal. “As this will be Nano
One’s second round of SDTC support, it represents a strong
endorsement of Nano One’s track record and strategic relationships.
Nano One has recently completed the SDTC funded Demonstration Pilot
Plant Project and we are honoured to have earned SDTC’s confidence
for renewed support toward these partnership and growth
activities.”
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 Pulead
Established in 1999 by Oriental Investment Co.
Ltd and Peking University, Pulead Technology Industry is one of
China’s leading Li-ion battery cathode producers. Together with its
strategically positioned subsidiaries and JVs in cathodes and
separators as well as in upstream lithium resources and downstream
large format battery packs, Pulead is becoming a key player in the
Li-ion battery supply chain. www.pulead.com.cn/en/
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 operates in 67
countries and has more than 180,000 employees. To learn more about
Saint Gobain go to www.saint-gobain.com and follow on Twitter
@saintgobain.
About Volkswagen
The Volkswagen Group with its headquarters in
Wolfsburg is one of the world’s leading automobile manufacturers
and the largest carmaker in Europe. The Group comprises twelve
brands from seven European countries: Volkswagen Passenger Cars,
Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati,
Volkswagen Commercial Vehicles, Scania and MAN. Each brand has its
own character and operates as an independent entity on the market.
The product spectrum ranges from motorcycles to small cars and
luxury vehicles. In the commercial vehicle sector, the products
include ranges from pick-ups, buses and heavy trucks. The Group
operates 120 production plants in 20 European countries and a
further 11 countries in the Americas, Asia and Africa. Every
weekday, around 642,292 employees worldwide produce nearly 44,170
vehicles, and work in vehicle-related services or other fields of
business. The Volkswagen Group sells its vehicles in 153 countries.
With its “TOGETHER – Strategy 2025" future program, the Volkswagen
Group is paving the way for the biggest change process in its
history: the realignment of one of the best carmakers to become a
globally leading provider of sustainable mobility.
www.volkswagenag.com.
About SDTC
SDTC is a flagship program, and our funding of
Canadian entrepreneurs has created jobs, growth, and long-term
prosperity for Canada. SDTC is a lean organization with a big
impact. Since its inception, SDTC has invested over $1 billion in
more than 300 companies, creating 12,000 jobs. Our companies have
reduced greenhouse gas emissions by an estimated 13.8 megatonnes
annually. SDTC’s efforts have been focused on small- and
medium-sized enterprises, recognizing that this is where we can
make the biggest impact. Our funding gives companies the critical
boost they need to advance their projects in the challenging stages
of pre-commercial development and demonstration. For more
information, please visit sdtc.ca.
About Nano One
Nano One Materials Corp (“Nano One” or “the
Company”) has developed patented technology and pilot scale
demonstration 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
enables lower cost feedstocks, simplifies production and advances
performance for a wide range of cathode materials. Nano One has
built a demonstration pilot plant and is partnering with global
leaders in the lithium ion battery supply chain, to advance its
NMC, LFP and LMN cathode technologies for large growth
opportunities in e-mobility and renewable energy storage
applications.
Nano One’s pilot and partnership activities are
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).
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
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.
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