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Nano One Joint Development with Pulead Achieves Critical Milestone
Vancouver, British Columbia--(Newsfile Corp. - December 9, 2019) - Mr. Dan Blondal, CEO of Nan...
About this update from Nano One Materials Corp
[{"type":"text","content":"Nano One Joint Development with Pulead Achieves Critical MilestoneVancouver, British Columbia--(Newsfile Corp. - December 9, 2019) - Mr. Dan Blondal, CEO of Nano One Materials Corp. (TSXV: NNO) (OTC Pink: NNOMF) (FSE: LBMB), is pleased to report significant progress in Nano One's ongoing joint development work with Pulead to develop, evaluate and optimize scaled production of lithium iron phosphate (LFP) cathode material using Nano One's patented technology.HighlightsRaw material suppliers accepted by Pulead;Engineering report available for partner review in Q1 2020\"Nano One, working with a raw material sourcing expert in China, has identified raw material supply sources that meet both Nano One's performance targets and Pulead's specifications for impurities and cost\" said Mr. Blondal. \"It is critical to cathode manufacturers that a sustainable supply of raw materials be in place prior to significant investment decisions on expansion and technology adoption. Pulead has reviewed and approved key suppliers identified by Nano One. This marks an important achievement in our commercialization efforts and moves us closer to the joint objective of licensing Nano One technology for the production of LFP by Pulead.\"Dr. Xinhe Yang, VP of Research and Development at Pulead said \"We value the partnership with Nano One and are satisfied that their process can be supported with reliable and sustainable sources of raw materials. Our technical teams are making good progress on commercial viability and we remain committed to the partnership activities.\"Nano One is also expected to complete an engineering report detailing an LFP production line for review by Pulead early in 2020. It will have a level of detail necessary for licensing discussions and will be instrumental in the calculation of a royalty and/or profit split model for using Nano One's technology. The report will include process diagrams, detailed flow sheets, equipment specifications, plant layout, capital equipment cost estimates and return on investment economics. Joint development work on materials testing is ongoing and in support of this Nano One provides cathode materials made with its proprietary process to Pulead and their customers for evaluation.LFP represents a tremendous near term market opportunity for Nano One. It is the safest, lowest cost and longest lasting lit...