VANCOUVER, British Columbia, April 12, 2017 (GLOBE NEWSWIRE) -- Dr. Stephen Campbell, Principal Scientist at
Nano One Materials (TSX-V:NNO) (Frankfurt:LBMB) (OTC:NNOMF), today announced process improvements that further boost power and
lower the cost for lithium ion cathode materials.
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Initial discharge curves showing improved performance of High Voltage Spinel
(LiNi0.5Mn1.5O4)
using Nano One’s advanced and optimized process.
“I am pleased to report that recent optimization of Nano One’s proprietary process adds to the high voltage
spinel improvements announced earlier this year,” said Dr Campbell. “The Nano One process eliminates the 4-Volt plateau in
the discharge curve allowing the delivery of constant power across the whole charge range. This is an important advantage for
vehicle and stationary energy storage applications as the higher voltage reduces heating, aids durability and simplifies the power
management systems. In addition, the absence of cobalt and the use of low cost lithium carbonate in our process directly address
raw material constraints in the supply chain.”
These technology advances were developed with the ongoing support of the National Research Council of Canada
Industrial Research Assistance Program (NRC-IRAP) under the Cobalt Free High Voltage Spinel project announced on June 30, 2016.
Dr. Campbell added “High-voltage spinel will be a vital component of next generation high power batteries
and with the support of IRAP, Nano One is positioning its technology to play a key role in the commercialization effort.”
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Rate Capability chart showing energy levels for Nano One’s HV-Spinel
(LiNi0.5Mn1.5O4)
and commercial grade NMC
(LiNi1/3Mn1/3Co1/3O2)
at different rates of discharge. Spinel retains more energy (i) at higher rates of discharge and (ii) from cycle to
cycle.
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)
669-2701 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 a diverse range of other growth opportunities. The novel three-stage process uses
equipment common to industry and Nano One is building a pilot plant to demonstrate high volume production. The pilot plant is being
funded with the assistance and support of Sustainable Development Technology Canada (SDTC) and the Automotive Supplier Innovation
Program. 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 nanostructured composite materials. For more information, please visit 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, statements with respect to the actual receipt of the
grant monies, the execution of the Company’s plans which are contingent on the receipt of such 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 completion of final documentation with SDTC 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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