Highlights:
- Successful evaluation of Nano One LFP builds on Automotive OEM collaborations and accelerates piloting and testing to tonne-scale.
- Evaluators include industrial, energy storage solutions (ESS), US Department of Defense applications and Automotive OEMs.
- Large scale commercial equipment samples derisk capacity to scale and grow with partners.
- Aligns with Canadian and US Governments underlying Inflation Reduction Act objectives.
VANCOUVER, BC / ACCESSWIRE / December 19, 2023 / Nano One® Materials Corp. (“Nano One” or the “Company”) (TSX:NANO)(OTC PINK:NNOMF)(Frankfurt:LBMB) is a clean technology company with patented processes for the production of lithium-ion battery cathode materials that enable secure and resilient supply chains by driving down cost, complexity, energy intensity, and environmental footprint. The Company is pleased to report that it has confirmed orders for approximately 1.3 tonnes of LFP samples from key collaborators for commercial evaluation purposes, of which approximately 30% has been shipped. The LFP was made using Nano One’s recently commissioned One-Pot LFP pilot facilities in Candiac, Québec demonstrating and de-risking production in commercial scale equipment.
“These large volume samples of LFP cathode materials,” explained Nano One Chief Commercialization Officer Denis Geoffroy, “were made at our pilot facilities in Québec using commercial scale equipment that was recently recommissioned for the One-Pot process. The samples are being provided to a global automotive manufacturer and other key collaborators, after having tested and validated smaller samples of Nano One’s LFP cathode materials. This supports a joint vision to promote and execute locally sourced, waste-free, high performing cathodes in world class cells. It also aligns us with Canadian and US government initiatives and the underlying objectives of the Inflation Reduction Act.”
Additional key collaborators in automotive, ESS, defense, and industrial sectors are also testing and validating Nano One’s LFP pilot materials for the purposes of securing offtake agreements to meet their business objectives. Nano One is addressing a diverse market for LFP and creating multiple client relationships to satisfy growth plans and the sector’s needs. Target markets include North America, Europe and the Indo-Pacific region, representing an addressable LFP market opportunity totalling US$48 billion by 2035.[1]
Nano One CEO Mr. Dan Blondal underlined, “Our team in 2023 has significantly de-risked our capacity to scale and grow with our collaborators and future customers and accelerated the timeline to tonne-scale sample evaluations. These milestones showcase Nano One’s ability to execute on its plans and help to increase shareholder value and supply chain confidence in Nano One’s technology and growth strategy. I’d like to thank all of our stakeholders for their support on our journey and we look forward to providing further updates in 2024.”
About Nano One®
Nano One Materials Corp. (Nano One) is a clean technology company with a patented, scalable and low carbon intensity industrial process for the low-cost production of high-performance lithium-ion battery cathode materials. With strategic collaborations and partnerships, including automotive OEMs and strategic industry supply chain companies like Sumitomo Metal Mining, BASF, Umicore and Rio Tinto. Nano One’s technology is applicable to electric vehicles, energy storage, and consumer electronics, reducing costs and carbon intensity while improving environmental impact. The Company aims to pilot and demonstrate its technology as turn-key production solutions for license, joint venture, and independent production opportunities, leveraging Canadian talent and critical minerals for emerging markets in North America, Europe, and the Indo-Pacific region. Nano One has received funding from SDTC and the Governments of Canada and British Columbia.
For more information, please visit www.nanoone.ca
Company Contact:
Paul Guedes
[email protected]
(604) 420-2041