VANCOUVER, British Columbia, June 04, 2020 (GLOBE NEWSWIRE) — Nano One Supplies Corp. (TSX-V: NNO) (OTC-Nasdaq Intl Designation: NNOMF) (Frankfurt: LBMB).
- Engineering report to assist advance business adoption of Nano One LFP know-how
- Enhanced design specs, tighter budgetary estimates and improved economics
- Rising international enthusiasm for LFP with auto firms asserting 600 km vary EVs
Mr. Dan Blondal, CEO at Nano One, is happy to announce that Nano One has accomplished an in depth engineering report that enhances design specs, tightens budgetary estimates and fashions improved economics for the business scale manufacturing of lithium-ion battery cathode supplies utilizing Nano One’s patented course of know-how.
“We now have improved economics, and enhanced design specs on a 4800 tonne per yr manufacturing line for the manufacturing of lithium iron phosphate, referred to as LFP,” stated Mr. Blondal. “The small print on this engineering report will assist advance the advertising and commercialization of Nano One know-how. The outcomes current tangible and significant price reductions in gear, development and working bills. It can showcase and advance the licensing and three way partnership prospects of our patented one-pot cathode supplies and manufacturing processes.”
The report was ready by Noram Engineering and Constructors of Vancouver, British Columbia. Enhanced budgetary evaluation and financial modeling within the report reveals a discount in gear and working bills from final yr’s estimates which enhance uncooked materials price reductions introduced in partnership with Pulead Know-how in December 2019. The report additionally gives design specs, course of diagrams, circulate sheets, mass stability and plant format.
The engineering specs and financial modeling on this report improve the worth of Nano One’s know-how and strengthen Nano One’s business alternatives with Pulead and different international strategic pursuits. Additional, the report kinds an engineering foundation for Nano One’s different cathode supplies, particularly lithium nickel manganese cobalt oxide (NMC) and lithium nickel manganese oxide (LNMO).
“LFP is experiencing renewed market enthusiasm,” added Mr. Blondal, “as a result of international leaders BYD, CATL and Tesla have introduced excessive vitality density LFP battery packs in automobiles that facilitate driving ranges as much as 600 km. These improvements might radically broaden the worldwide demand for LFP cathode supplies past Asia and into North America, Europe and different markets. This represents an incredible alternative for Nano One to leverage its low price manufacturing of LFP and to advance its business prospects.”
Dan Blondal, CEO
For info with respect to Nano One or the contents of this information launch, please contact John Lando (President) at (604) 420-2041 or go to www.nanoone.ca.
About Nano One
Nano One Supplies Corp. has developed patented know-how for the low-cost manufacturing of excessive efficiency lithium-ion battery cathode supplies utilized in electrical automobiles, vitality storage and client electronics. The processing know-how allows decrease price feedstocks, simplifies manufacturing and advances efficiency for a variety of cathode supplies. Nano One has constructed an indication pilot plant and is partnering with international leaders within the lithium-ion battery provide chain, together with Pulead, Volkswagen and Saint-Gobain to advance its lithium iron phosphate (LFP), lithium nickel manganese cobalt oxide (NMC) and lithium nickel manganese oxide (LNM) cathode applied sciences for giant development alternatives in e-mobility and renewable vitality storage functions.
Nano One’s pilot and partnership actions are being funded with the help and help of the Authorities of Canada via Sustainable Growth Know-how Canada (SDTC) and the Automotive Provider Innovation Program (ASIP) a program of Innovation, Science and Financial Growth Canada (ISED). Nano One additionally receives monetary help from the Nationwide Analysis Council of Canada Industrial Analysis Help Program (NRC-IRAP). Nano One’s mission is to determine its patented know-how as a number one platform for the worldwide manufacturing of a brand new technology of battery supplies. www.nanoone.ca
Sure info contained herein might represent “forward-looking info” below Canadian securities laws. Ahead-looking info contains, however will not be restricted to, the execution of the plans of Nano One Supplies Corp. (“the Firm”) that are contingent on the receipt of grant funding and the commercialization of the Firm’s know-how and patents. Usually, forward-looking info may be recognized by means of forward-looking terminology equivalent to ‘consider’, ‘anticipate’, ‘anticipate’, ‘plan’, ‘intend’, ‘proceed’, ‘estimate’, ‘might’, ‘will’, ‘ought to’, ‘ongoing’, or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “will” happen. Ahead-looking statements are based mostly on the opinions and estimates of administration as of the date such statements are made and they’re topic to identified and unknown dangers, uncertainties and different components which will trigger the precise outcomes, stage of exercise, efficiency or achievements of the Firm to be materially completely different from these expressed or implied by such forward-looking statements or forward-looking info, together with: the flexibility of the Firm to acquire further financing; together with the receipt of grant funding from SDTC, ASIP, NRC-IRAP and the receipt of all mandatory regulatory approvals. Though administration of the Firm has tried to establish essential components that would trigger precise outcomes to vary materially from these contained in forward-looking statements or forward-looking info, there could also be different components that trigger outcomes to not be as anticipated, estimated or meant. There may be no assurance that such statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements and forward-looking info. The Firm doesn’t undertake to replace any forward-looking statements or forward-looking info that’s included by reference herein, besides as required by relevant securities legal guidelines.
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