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Nano One Receives C$1.8M towards SDTC Milestone 4 and Granted 2 Patents
VANCOUVER, BC / ACCESSWIRE / August 23, 2022 / (TSX:NANO)(OTC PINK:NNOMF)(Frankfurt:LBMB). ...
About this update from Nano One Materials Corp
[{"type":"text","content":"Nano One Receives C$1.8M towards SDTC Milestone 4 and Granted 2 PatentsVANCOUVER, BC / ACCESSWIRE / August 23, 2022 / (TSX:NANO)(OTC PINK:NNOMF)(Frankfurt:LBMB).Nano One® Materials Corp. (\"Nano One\") is 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. Nano One is pleased to highlight the granting of two (2) more patents in Japan and the receipt of approximately C$1.8 million in non-dilutive, non-repayable contributions from Sustainable Development Technology Canada (\"SDTC\") and the British Columbia Innovative Clean Energy (\"BC-ICE\") fund toward the fourth and final milestone of the Scaling Advanced Battery Materials project, as outlined in Nano One's Management's Discussion & Analysis for June 30, 2022, filed on August 4, 2022.\"Nano One has seen tremendous growth during this SDTC project,\" said Nano One CTO Dr. Stephen Campbell, \"and this has helped us transition to the final milestone. We have advanced our technology and added to our partnerships, made a significant acquisition, and landed an important strategic investment. With these recent patent issuances, we continue to execute successfully on the expansion and value of our Intellectual Property portfolio. This latest project contribution from SDTC and BC-ICE is a strong endorsement of our progress, goals, and path to commercialization.\"Nano One previously tripled the footprint of its innovation hub in Burnaby B.C. and during this third milestone of 10 months, Nano One has grown its team by approximately sixty percent (60%) to over sixty (60) people, acquired significant pieces of equipment and scaled its third-party sampling capabilities for lithium iron phosphate (\"LFP\") and lithium nickel manganese cobalt oxide (\"NMC\").During this period, Nano One made patent applications, process and equipment improvements, and added LFP its metal to cathode active material activities (\"M2CAM®\"). Coupled with third-party engineering studies and extensive economic modeling, Nano One has demonstrated, in confidence to existing and potential partners, competitive reductions in its cost estimates and an advantageous environmental footprint for future commercial scale plant and operations.Furthermore, Nano One added a strategic investme...