Nano One Granted Important Battery Material Patent in the US
Vancouver, British Columbia--(Newsfile Corp. - August 8, 2019) - Dr. Stephen Campbell, Chief Technology Officer at Nano One Materials Corp. (TSXV: NNO) (OTC Pink: NNOMF) (FSE: LBMB), is pleased to announce the issuance of US Patent No. 10,374,232. In the race to commercialize lithium ion battery powered electric vehicles, this patent adds value to Nano One's high energy cathode materials as it defines the unique physical form of the powdered materials and provides a proprietary means of improving durability, safety, handling and cost.
Dr. Campbell said "This patent is particularly significant as it defines the properties of our high energy NMC cathode powders, rather than the underlying process to make them. These powders have unique physical properties, related to size and nanostructure, that Nano One is exploiting for improved durability, handling, safety and cost. It complements our process patent portfolio and adds substantially to our strategy with recently announced automotive partners to develop a new generation of low cost and durable high energy cathodes."
NMC cathodes are typically comprised of lithium, nickel, manganese and cobalt. There are global initiatives underway to increase nickel for more energy and reduce cobalt to mitigate supply chain risk. However, this shift to nickel-rich materials compromises stability and safety in the battery, and the air sensitive materials require special handling. Nano One's unique powders are differentiated from these efforts and they enable an innovative approach to lowering cost and increasing the durability of NMC powders.
Utilizing proprietary manufacturing technologies, which are themselves protected by patents in the US, Canada, Taiwan, China, Japan and Korea, Nano One is able to carefully control the formation of lithium ion battery materials resulting in unique forms and improved electrical properties. The improved NMC materials themselves are now patent protected in the US and Korea.
"The granting of this patent is great news", said Dr. Joseph Guy, Director of Nano One and Patent Agent. "Our NMC powders are different because of very fine particles and layered nanostructures. It gives Nano One a sustainable means of differentiating its NMC cathode powder for improved performance and cost in lithium ion batteries. This is an important cornerstone in the execution of Nano One's business plan and provides valuable leverage going forward."
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 OneTM
Nano One Materials Corp has developed patented technology for the low-cost production of high performance lithium ion battery cathode materials used in electric vehicles, energy storage and consumer electronics. The processing technology enables lower cost feedstocks, simplifies production and advances performance for a wide range of cathode materials. Nano One has built a demonstration pilot plant and is partnering with global leaders in the lithium ion battery supply chain, including Pulead, Volkswagen and Saint-Gobain to advance its lithium iron phosphate battery (LFP), lithium nickel manganese cobalt (NMC) and lithium manganese nickel (LMN) cathode technologies for large growth opportunities in e-mobility and renewable energy storage applications.
Nano One's pilot and partnership activities are being funded with the assistance and support of the Government of Canada through Sustainable Development Technology Canada (SDTC) and the Automotive Supplier Innovation Program (ASIP) a program of Innovation, Science and Economic Development Canada ISED). Nano One also receives financial support from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). Nano One's mission is to establish its patented technology as a leading platform for the global production of a new generation of battery materials. www.nanoone.ca.
Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, the execution of the plansof Nano One Materials Corp ("the Company") which are contingent on the receipt of grant monies and the commercialization of the Company's technology and patents. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing', or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the ability of the Company to obtain additional financing; including the receipt of grant monies from SDTC, ASIP, NRC-IRAP and the receipt of all necessary regulatory approvals. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.
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