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Nano One Receives $760,145 Milestone Payment from SDTC
Vancouver, British Columbia--(Newsfile Corp. - June 19, 2018) - Dan Blondal, CEO of Nano One M...
About this update from Nano One Materials Corp
[{"type":"text","content":"Nano One Receives $760,145 Milestone Payment from SDTCVancouver, British Columbia--(Newsfile Corp. - June 19, 2018) - Dan Blondal, CEO of Nano One Materials (TSXV: NNO) (OTC Pink: NNOMF) (FSE: LBMB), is pleased to announce that Nano One has met its objectives on pilot plant optimization and received a milestone payment of $760,145 from Sustainable Development Technology Canada (SDTC).\"This is the third of four installments from SDTC,\" said Mr. Blondal, \"released to Nano One after delivering on its commitments. SDTC has a comprehensive review process and this confirms Nano One's ability to execute on its plans to date. The funds are an advance on the work currently underway to validate Nano One's technology with third party commercial interests.\"To date, the Government of Canada has contributed over $3.2 million in non-dilutive support to Nano One's pilot plant project through SDTC and the Automotive Supplier's Innovation Program (ASIP). Nano One has also received support from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) on related projects. Mr. Blondal said \"Nano One has optimized and demonstrated the production of pilot scale volumes of various lithium nickel manganese and cobalt based cathode materials as well as its cobalt free high voltage spinel and lithium iron phosphate. SDTC, ASIP and the Government of Canada are providing crucial support and Nano One remains committed to the commercialization of its manufacturing technology for the production of next generation lithium ion battery cathode materials.\" 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) 420-2041 or visit the website at www.nanoone.ca.About Nano One:Nano One Materials Corp (\"Nano One\" or \"the Company\") is developing patented technology for the low-cost production of high performance battery materials used in electric vehicles, energy storage and consumer electronics. The processing technology addresses fundamental supply chain constraints by enabling wider raw materials specifications for use in lithium ion batteries. The process can be configured for a range of different nanostructured materials and has the flexibility to shift with emerging and future battery market trends and ...