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Nano One Completes Construction of its Pilot Plant
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2017) - Dan Blondal, CEO of Nano One Mat...
About this update from Nano One Materials Corp
[{"type":"text","content":"Nano One Completes Construction of its Pilot PlantVancouver, British Columbia--(Newsfile Corp. - May 8, 2017) - Dan Blondal, CEO of Nano One Materials, (TSXV: NNO) (FSE: LBMB) (OTC Pink: NNOMF) today announced that the construction of its pilot plant is now complete, commissioning of equipment began in April and demonstration of its patented technology is underway. Mr. Blondal also confirmed that Nano One has begun receiving contribution payments for its pilot project from the Automotive Supplier's Innovation Program (ASIP) of Innovation, Science and Economic Development Canada (ISED).To view an enhanced version of this image, please visit: https://orders.newsfilecorp.com/files/3606/26643_a1494221871928_96.jpgMr. Robin Sweeny, Nano One's pilot plant project manager, said, \"All of the pilot components are now installed, interconnected, and instrumented. Circuits have been energized and the water batching process and testing of motors is now underway. The pilot will showcase Nano One's patented technology, simulate full scale production of cathode materials for the electric vehicle market, and initiate commercial scale-up opportunities with strategic interests. Nano One's process also enables a wider range of lithium raw material sources which is drawing attention from the battery supply chain.\" The total ASIP contribution will be up to $1.9 million and complements that from Sustainable Development Technology Canada (SDTC) up to $2.1M. These contributions support the design, construction and operation of the pilot plant, are non dilutive and non-repayable, and will be disbursed over the duration of the project.Nano One's patented process uses equipment common to industry and is designed with flexibility to demonstrate a variety of processing concepts and chemistries. This flexibility enables Nano One to adapt to market needs and produce a range of cathode materials, including lithium nickel-rich manganese cobalt oxide, high voltage spinel and lithium iron phosphate. The innovations lie in a simple water based process that enables a wider range of raw material inputs, eliminates manufacturing steps and provides high purity high performance materials. Nano One has been granted three patents covering process, materials and batteries and is actively developing other novel technologies to bolster its portfolio of intel...