VANCOUVER, British Columbia, March 14, 2019 (GLOBE NEWSWIRE) -- (TSX-V: NNO) (OTC-Nasdaq Intl Designation: NNOMF) (Frankfurt: LBMB). Dr. Stephen Campbell, CTO at Nano One Materials Corp., is pleased to announce the issuance of Canadian Patent Number 2,905,984. This is Nano One’s third patent in Canada bringing the total now to twelve patents issued around the globe.
“This patent is significant to Nano One,” said Dr. Campbell, “because it is related to the formation of lithium ion battery precursors by the novel process developed at Nano One. Precursors are intermediate mixtures of metals such as nickel, cobalt and manganese prepared in advance of high temperature processing in a furnace. Nano One’s approach differs, because its process adds lithium to the precursors in an intimate mixture with the other metals. This avoids the need to grind and mill, it can shorten thermal process times, it can simplify manufacturing and it can enable alternative feedstocks.”
U.S. Patent Number 10,189,719 was also issued earlier this year and follows an earlier notice of allowance that Nano One announced as its tenth patent on November 13, 2018. It is directed to technology developments in Nano One’s scalable process for preparing lithium ion battery cathode materials, taking the process from pilot towards full scale manufacturing. This innovation is a result of Nano One’s collaboration with NORAM Engineering and Constructors Ltd. and their subsidiary, BC Research Inc., with the support of the Government of Canada through Sustainable Development Technology Canada (SDTC) and the Automotive Supplier Innovation Program (ASIP).
Nano One continues to extend its patent coverage on a global scale, with patents now issued in Canada, United States, China, Korea, Taiwan and Japan. The patents cover processes, lithium ion battery materials and related battery applications. There are 30+ patents pending worldwide including Europe.
“Nano One began filing patents 5 years ago and continues to innovate,” explained Dr. Joseph Guy, patent agent and Nano One board member. “Those efforts are turning into a world-class patent estate which positions Nano One favorably as it engages with global leaders in lithium ion batteries and materials.”
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”) has developed patented technology for the low-cost production of high performance lithium ion battery cathode 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 the full range of cathode materials and has the flexibility to shift with emerging and future battery market trends.
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 battery materials. www.nanoone.ca
About NORAM and BC Research
NORAM Engineering and Constructors Ltd. and their subsidiary, BC Research Inc., supply proprietary engineering and equipment packages to the chemical, pulp and paper, minerals processing and electrochemical sectors. They are recognized worldwide as a leader in the fields of nitration, sulfuric acid and electrochemistry. In addition to carrying out large assignments for major multi-national clients, NORAM and BC Research work with early-stage technology companies. They provide engineering design and fabrication support, sharing their experience in technology commercialization, and growing with companies as a strategic partner.
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. 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. 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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