Battery Durability Improvements Strengthens Global Interest in Nano One
January 16 2020 - 3:08AM
(TSX-V: NNO) (OTC-Nasdaq Intl Designation: NNOMF)
(Frankfurt: LBMB).
In summary, Nano One's coated nanocrystal innovations:
- Increase battery durability,
- Reduce cobalt in batteries,
- Apply to NMC, LNMO and LFP, and
- Strengthen global auto interests.
Nano One’s patented coated nanocrystal innovation provides
improvements to the durability and cost of lithium ion battery
cathode materials, and is adding to the opportunities with global
automotive manufacturers and suppliers. This interest originates
from Nano One’s news release of August 21, 2019, outlining the
ability to form protective coatings on individual crystals with the
potential to increase the durability of lithium ion batteries. An
unrelated publication from Tesla's research team, released shortly
thereafter, demonstrated the possibility of million mile batteries
using single-crystal cathode materials with advanced
electrolyte.
“Tesla’s research provides evidence that batteries made with
single crystal cathodes can last an order of magnitude longer than
conventional composite cathode structures in battery cycle
testing,” says Nano One CEO, Dan Blondal. "These results help to
substantiate Nano One’s technology advantage and have spawned a
great deal of interest in our coated nanocrystal innovation which
produces our patented single crystal cathode powders. This has
generated a measurable increase in strategic level discussions and
forms the basis of current relationships with several automotive
players and chemical companies. We are working hard to add these
developing relationships to our existing list of joint development
partnerships.”
Nano One’s coated nanocrystal innovation is described in a 90
second animation and addresses a fundamental battery tradeoff
between energy density and durability. Increased durability would
provide electric vehicle manufacturers greater flexibility in
optimizing range, charging rates, safety and cost. Increased
durability also enables the reduction of cobalt in batteries to
address cost, supply, and ethical issues.
Each of Nano One’s cathode technologies - lithium iron phosphate
(LFP); nickel manganese cobalt oxide (NMC); and high voltage spinel
(HVS or LNMO) - form coated nanocrystals with a range of benefits
and applications.
Mr. Blondal added: “The automotive industry is increasingly
committed to an electric vehicle transition, and Nano One is well
positioned with its coated nanocrystal innovation to leverage the
need for increased durability, stability and energy density.”
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 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 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, including Pulead, Volkswagen and
Saint-Gobain to advance its lithium iron phosphate (LFP), lithium
nickel manganese cobalt oxide (NMC) and lithium nickel manganese
oxide (LNM) 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). 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
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