Nano One (TSXV: NNO) Progress Update on Pilot, Team and Patents
Vancouver, British Columbia - October 12, 2016 (Newsfile Corp.) (Investorideas.com Newswire) Dan Blondal, CEO of Nano One Materials Corp., (TSXV: NNO) (FSE: LBMB) today provided an update on the progress of its lithium battery materials pilot plant.
"Nano One's pilot plant is key to our business plan and strategic objectives," said Mr. Blondal "and we are pleased to report that construction is proceeding on schedule and under budget. It will enable us to make larger volumes of cathode material in 2017 and to showcase Nano One's patented technology to market stakeholders who are eager to see it operating at the pilot scale."
All critical components of the pilot are on order and expected to arrive by the year's end with some key items already being fitted for installation. Final pilot assembly will take place in Nano One's new facility, which is also being remodelled to house a new laboratory. The facility adds much needed space and enables expansion of the team to include another PhD battery scientist, an engineering project manager and business development resources, starting in October.
As a result of its recent efforts on pilot process optimization, Nano One has identified opportunities to expand and protect its intellectual property portfolio. Nano One filed another patent application in September and has more in the queue.
Nano One's Principal Scientist, Dr. Stephen Campbell, adds that "We are continually enhancing our processes and developing new chemistries, and we are pleased to be adding more patents pending and knowhow to our technological offering. We will demonstrate these advanced manufacturing technologies in our pilot and we will make a range of cathode materials that are suitable for electric vehicle and grid storage batteries."
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 novel and scalable processing technology for the low-cost production of high performance battery materials used in electric vehicles, energy storage and consumer electronics. The patented technology can be configured for a wide range of 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 is being engineered for high volume production and rapid commercialization. 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 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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