Dan Blondal, CEO of Nano One (TSX-V:NNO) (OTC:NNOMF)
(Frankfurt:LBMB), is pleased to provide an update on corporate
and technical activities currently underway that include materials
development and testing with global leaders in the lithium ion
battery supply chain.
Nano One has begun working with a tier 1
automotive supplier on the development of cobalt-free high-voltage
spinel (HVS) and nickel-rich NMC cathode materials (622, 811) for
the advancement of solid-state lithium ion batteries. Coatings,
dopants and additives are being developed to enhance durability,
stability and compatibility with solid electrolytes.
“There is a global effort underway to make solid
state commercially viable,” explained Mr. Blondal, “with the goal
of increasing safety, energy density and cost savings, and Nano
One’s technology contributes to the development of the required
cathode materials.”
“The successful construction and operation of
Nano One’s pilot plant in 2017 has enabled the production of larger
volumes of cathode material and has triggered several other third
party evaluations of HVS, 622, 811 and lithium iron phosphate
cathode materials.”
Operating the pilot has also enabled Nano One to
complete preliminary engineering plans for a modular 3300 ton/yr
cathode production unit that could supply materials for roughly
24,000 60kWh electric vehicle batteries. Corporately, Nano One has
also begun work on detailed plant engineering in support of
technology licensing proposals to global industrial interests.
“Lastly,” added Mr. Blondal, “Nano One’s
process can use lithium feedstock in the form of either carbonate
or hydroxide for the production of high performance cathode
materials, and we have begun working with a range of lithium
sources from various producers to demonstrate the flexibility of
our processing technology. We believe this could reduce constraints
on the supply of battery grade lithium by enabling new
sources.”
This work leverages ongoing support from the
Government of Canada through both Sustainable Development
Technology Canada and Automotive Supplier’s Innovation Program.
Mr. Blondal will be speaking publicly about
these undertakings at three investment conferences this week
including NobleCon14 in Fort Lauderdale (January 29-30), Cantech
2018 in Toronto (January 31) and the World Outlook Financial
Conference in Vancouver (February 1-2).
Mr. Blondal said, “We are excited to be working
together with global leaders in the space and advancing the
development of both conventional and solid state lithium ion
battery technologies. We look forward to showcasing our technology
and updating investors and commercial interests on our corporate
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) 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
to optimize its technology across a range of 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
Certain information contained herein may
constitute “forward-looking information” under Canadian securities
legislation. Forward-looking information includes, but is not
limited to, statements with respect to the actual receipt of the
grant monies, the execution of the Company’s plans which are
contingent on the receipt of such 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. 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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THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE
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