VANCOUVER, British Columbia, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Dan Blondal, CEO of Nano One Materials
(TSX-V:NNO) (Frankfurt:LBMB) (OTC:NNOMF), today announced that Nano One has successfully piloted nickel rich cathode materials
for high density energy storage applications such as next generation lithium ion batteries for electric vehicles.
“These pilot tests were conducted at approximately 100 times normal lab scale,” explained Mr. Blondal,
“and the results provide added confidence that these nickel rich materials can be manufactured at commercial scale.
Electrochemical testing of battery cells made with these pilot materials is showing initial capacity measurements in excess of that
achieved in the laboratory.”
“We’ve shown now that our process, when scaled, can make nickel rich cathode materials using lithium
carbonate in place of more costly lithium hydroxide. We are currently preparing preliminary engineering packages for commercial
scale production facilities and quantities of high energy cathode materials for third party evaluation. With these results, our
pilot program is achieving development milestones ahead of schedule.”
“Additionally, we have material test agreements in place with potential partners and cathode
evaluations will be proceeding with various industrial interests in Europe, the Americas and Asia.”
Increased energy density at a lower cost are key drivers for electric vehicle batteries and to achieve this the
automotive sector is trending towards higher ratios of nickel and lower ratios of cobalt in cathode materials.
In summary, Nano One has now successfully piloted NCM111 and NCM622 with nickel content at 33% and 60%,
respectively. NCM refers to ratios of nickel, cobalt and manganese. Nano One is also developing other important cathode materials
at the laboratory scale in preparation for piloting that include NCM811, NCA (nickel rich cobalt aluminate), LMNO (high voltage
cobalt free spinel), LFP (lithium iron phosphate), LMO (lithium manganese oxide), and NCM325 (lithium manganese rich).
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, consumer electronics and next
generation batteries. 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 has built a pilot plant to demonstrate high volume
production and to optimize its technology across a range of materials. This pilot plant program is 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
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
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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
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