Vancouver, British Columbia--(Newsfile Corp. - August 15, 2018) - Dan Blondal, CEO of Nano One Materials (TSXV:
NNO) (OTC Pink: NNOMF) (FSE: LBMB), is pleased to announce the launch of a project
focused on improving the durability of lithium ion cathode materials with the support of the National Research Council of Canada
Industrial Research Assistance Program (NRC IRAP).
NRC IRAP will support Nano One's project to develop Coatings for High Durability
Lithium ion Battery Cathodes and will contribute up to $349,000 in non-dilutive and
non-repayable funds between August 1, 2018, and May 31, 2020.
"NRC IRAP has been a strong supporter of Nano One
since 2014 and we are honoured to embark on our fourth
project with them," said Mr. Blondal. "The work will
be directed to improving lithium ion cathode durability and
stability, and it will build on the success of our NRC
IRAP High Voltage Spinel project and leverage resulting patent
applications."
The automotive industry is seeking higher levels of energy density to extend the range of electric vehicles. The trade-off for
higher energy densities is reduced levels of material stability and durability. A range of dopants and coatings have been
identified that could reduce instability and durability in high energy cathode materials and it is the goal of this project to
determine the optimum combination. Based on strong market interest, High Voltage Spinel (HVS) will serve as the material of focus
for the project, as it is both cobalt free and a strong candidate as cathode material for next generation solid state batteries.
Results from the project will be applied to other high nickel materials including NMC622.
Nano One currently has active contribution agreements with NRC IRAP, Sustainable Development Technology Canada and the
Automotive Supplier Innovation Program — all programs of the Government of Canada. Combined, these funding sources are projected to
extend Nano One's operating capital into Q1 2020.
Mr. Blondal added: "We are excited to begin a focused effort
on the critical challenge of stabilizing high energy cathode
materials. We have a proprietary, advantageous and
low cost method of applying coatings and dopants to
cathode materials and this project will industrialize the
process to further differentiate Nano One's commercial
offering."
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 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 has built a pilot plant to demonstrate high volume production and to optimize its technology across a
range of materials. The pilot plant 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, the execution of the
Company's plans 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.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF
THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE
