Business
Nano One Builds on COP26, Shifts LFP Focus to Domestic Markets and Joins Canada's Accelerate ZEV Alliance
COP26 spotlights significant green energy start for the global market. Once-in-a-generation ...
About this update from Nano One Materials Corp
[{"type":"text","content":"Nano One Builds on COP26, Shifts LFP Focus to Domestic Markets and Joins Canada's Accelerate ZEV AllianceCOP26 spotlights significant green energy start for the global market.Once-in-a-generation chance to create and differentiate North American supply chain.Nano One shifts LFP effort from China and Pulead to opportunities outside of China.One-Pot process reduces cost and environmental impact of battery metal supply chain.Nano One joins Accelerate, Canada's zero-emission vehicle (ZEV) supply chain alliance.Vancouver, Canada--(Newsfile Corp. - November 9, 2021) - Nano One® Materials Corp. (TSX: NANO) (OTC Pink: NNOMF) (FSE: LBMB) (Nano One), a clean technology company with patented processes for the low-cost, low-environmental footprint production of high-performance cathode materials used in lithium-ion batteries. Mr. Dan Blondal, Nano One's CEO, is pleased to provide his view on COP26, currently taking place in Glasgow, Scotland, and an update on the Company's lithium iron phosphate (LFP) strategic direction as it relates to reducing the cost and environmental impact of the battery metal supply chains in North America and Europe.\"Nano One commends global leaders at COP26 for renewing and energizing their commitment to tackle climate change and the 1.5oC goal,\" said Nano One CEO, Mr. Dan Blondal. \"The world needs clear and firm policies focused on responsibly sourced critical minerals, renewable green energy, resilient and sustainable battery supply chains, R&D and STEM education for the workforce. Nano One is committed to creating jobs and a clean energy economy locally and with those nations collaborating and actively participating in COP26.\"As the transition to clean energy and battery electric vehicles unfolds, there is a once-in-a-generation opportunity to create a secure and cost competitive supply chain that is domestically integrated with a low environmental footprint. In response, Nano One is shifting its LFP strategic direction to large emerging markets outside of China, starting in North America, and has ceased joint development activities with Pulead Technology Industry.Nano One's patented One-Pot process and metal-direct-to-cathode technology (M2CAM) facilitate the production of LFP, nickel-rich (NMC), and manganese-rich (LNMO) lithium-ion battery cathode materials directly from low-cost and low-GH...