Nano One Announces Resignation of Paul Matysek and Appointment of Industry Veteran Anthony Tse as New Chair of the Board of Directors 00:22
VANCOUVER, BC / ACCESSWIRE / October 1, 2024 / (TSX:NANO)(OTC PINK:NNOMF)(Frankfurt:LBMB)
Nano One® Materials Corp. ("Nano One" or the "Company"), a clean technology company with a patented process for the low-cost, low-GHG production of lithium-ion battery cathode active materials (CAM), is pleased to announce that Mr. Anthony Tse has been appointed Chair of the Board of Directors.
Mr. Tse will succeed Paul Matysek, who is the founding Chair of Nano One and resigning as part of a planned transition to an advisory role that supports the incoming Chair and Board. Mr. Matysek is honoured to have presided over Nano One's growth and leadership for more than a decade.
"On behalf of Nano One and our shareholders," said CEO Mr. Dan Blondal, "I would like to thank Paul for his exemplary leadership, dedication and service to Nano One over the last decade. We look forward to Paul's continued counsel as advisor and wish him the best with his future endeavours."
As Chair, Mr.Tse will oversee the governance of Nano One alongside other board members and play an active role advising the Company's executive team on strategy, corporate finance and business development.
Mr. Tse said "With the continued global growth in the electric vehicle and energy storage sectors, the industry is now pushing to build out more diversified regional supply chains. Following the establishment of EV and battery manufacturing capacities outside of North Asia, the emphasis is now on growing the battery materials sector to support those regional battery value chains. I have followed Nano One for the better part of a decade and have been impressed with how the team has developed and matured their technology, as well as now having established a sizeable operational presence to produce cathode active materials."
"I am excited to be joining the Board and working with management in what I believe is the next stage of rapid growth in the space. Nano One and its technology are not only well positioned to support the buildout of much needed cathode active material capacity globally, but will be doing so in a much more efficient and sustainable way. In addition, it will be able to leverage off its strong foothold in the lithium iron phosphate (LFP) cathode domain - a chemistry which is not only seeing strong growth in the EV sector, but accelerated increases in demand from the energy storage sector globally. I look forward to working with the team at Nano One in executing on its strategy going forward and will seek to bring my Board and Executive experience in growing companies in the battery value chain."
"I am confident," said Mr. Matysek, "that Nano One is well positioned for the future and that Anthony is the right fit for this next phase of the company's journey. He has demonstrated profound strategic vision, sound financial judgement, thoughtful leadership and long-term value creation throughout his career. Anthony will provide the board with a unique perspective that will help Nano One continue to create lasting value and impact for its collaborators, shareholders, and employees."
"We are delighted to welcome Anthony to the team," said CEO Mr. Dan Blondal, "He is a proven and accomplished leader in lithium-ion battery materials having grown Galaxy Resources from a junior mining company into Allkem, the world's fifth largest lithium producer, creating over A$6 billion in enterprise value. He is considered an industry thought leader across the sector and brings tremendous insights on strategy, development and corporate finance, as well as a strong familiarity with the Asian battery ecosystem which will be invaluable as we change how the world makes cathode materials and execute on our global growth strategy."