Business
Nano One Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2018) - Dan Blondal, CEO of Nano One M...
About this update from Nano One Materials Corp
[{"type":"text","content":"Nano One Corporate UpdateVancouver, British Columbia--(Newsfile Corp. - July 10, 2018) - Dan Blondal, CEO of Nano One Materials Corp. (TSXV: NNO) (OTC Pink: NNOMF) (FSE: LBMB), is pleased to provide an update on Nano One's progress, including a summary of cathode technology advances and opportunities with major lithium ion battery stakeholders, especially in automotive and industrial energy storage.\"Over the last year, we have grown our team, our technology and our market presence,\" said Mr. Blondal. \"Over the last six months, Nano One has signed about ten NDA's and five materials transfer agreements with tier 1 automotive OEMs and their suppliers, and we have at least a half dozen more in progress. We have met construction and optimization milestones set forth with the Government of Canada for our Demonstration Pilot Project and are now working towards a final set of milestones for third party validation of our cathode materials. Materials testing is proceeding on a number of fronts with a focus on our innovative cobalt-free high-voltage spinel and other novel materials.\"In June 2017, Nano One commissioned a demonstration pilot plant to prove its process at scale, enable larger volumes of materials for third party material testing, and provide an engineering platform for further optimization. Since that time, various cathode materials have been successfully made and validated at the pilot scale including NMC (lithium nickel manganese cobalt oxide), HVS (lithium manganese nickel oxide or high voltage spinel) and LFP (lithium iron phosphate). Based on the piloting activities, a preliminary full-scale engineering design for commercial deployment was developed in the last quarter of 2017 enabling Nano One to engage with strategic supply chain interests. The resulting engineering design package describes a modular unit capable of 3,300 tonnes per year, representing cathode material for approximately 24,000 60kWh electric vehicles batteries. This design can be tailored to a client's requirements with the ability adjust to the market in terms of both scale and cathode formulation. Since the first quarter of this year, Nano One has also made significant progress in the lab toward improved cathode material performance, specifically in the areas of stability and durability. Notably, Nano One has developed coatings and treatments for ...