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Nano One Receives Additional Support from Government of Canada
Vancouver, British Columbia--(Newsfile Corp. - June 30, 2016) - Dan Blondal, CEO of Nano One M...
About this update from Nano One Materials Corp
[{"type":"text","content":"Nano One Receives Additional Support from Government of CanadaFiles Additional Patent ApplicationVancouver, British Columbia--(Newsfile Corp. - June 30, 2016) - Dan Blondal, CEO of Nano One Materials Corp., (TSXV: NNO) (FSE: LBMB) announced today that Nano One will receive support from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP).NRC-IRAP will support Nano One's project to develop High Voltage Cobalt Free Cathode Materials and will contribute up to $222,857 in non-dilutive and non-repayable funds between June 1, 2016 and November 30, 2017. \"NRC-IRAP has been a valuable contributor on past projects,\" says Mr. Blondal, \"and we are honoured to have their renewed support in developing this important cathode material. In fact, NRC-IRAP's past support led to further innovations in Nano One's processing technology and a patent was filed earlier this month to protect this novel discovery.\"Mr. Blondal adds that \"high voltage long lasting cathodes like this one use low cost raw materials and are of strategic interest to industry players because it can help drive down weight, volume, and cost of battery packs. Under this project, we will be optimizing our patented process for this material in preparation for strategic evaluation and scaled up production in our demonstration pilot plant.\" Nano One's innovative process improves the production and nanostructure of this high voltage cobalt free material and battery test results are showing more stability and higher conductivity than commercially available materials. This could boost cell capacity, extend longevity and improve safety. Add to that the higher voltage and this material could increase energy and power densities of batteries, reduce the number of battery cells and lower requirements for thermal and charge management. These kinds of advances are critical to next gen automotive and grid storage batteries.Separately, Nano One announces that it has retained the services of Peter Thoma to assist with its investor relations activities and in consideration of the services to be provided, Nano One will pay Mr. Thoma a monthly fee of $2,000.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....