- Nano One Materials has completed the first two phases of a joint development project with a multi-billion-dollar Asian cathode material producer
- The first two phases of the joint development program were focused on the production of LNMO cathode materials
- The third phase will consist of further detailed economic analysis, third-party evaluation, and preliminary planning for commercialization
- Nano One is a clean technology company with a patented low carbon intensity process used in the production of lithium-ion batteries
- Nano One (NNO) is up 3.47 per cent and is trading at $4.77 per share
Nano One Materials (NNO) has completed the first two phases of a joint development project with a multi-billion-dollar Asian cathode material producer.
The agreement was initially announced in August 2020.
Nano One and its partner are co-developing high-performance LNMO (lithium nickel manganese oxide) cathode materials using Nano One’s patented One-Pot Process.
The patented processing technology addresses fundamental supply chain constraints by enabling wider raw materials specifications for use in lithium-ion batteries.
The first two phases of the joint development program were focused on the production of LNMO cathode materials and have been successfully completed with validation by both parties.
Work in the third phase of the project is now shifting to transition into further detailed economic analysis, third-party evaluation, and preliminary planning for commercialization.
Nano One CEO Dan Blondal commented,
“The work under this agreement is on schedule and on budget, and the LNMO materials have met phase one and two metrics for performance and economics,”
He added,
“This partnership is built on trust and a common vision to launch a differentiated and sustainable cathode materials business and we are pleased to be reporting measurable progress towards these goals and the continued execution of our business plans.”
Nano One Materials is a clean technology company with a patented low carbon intensity process for the production of low-cost, high-performance cathode materials used in lithium-ion batteries.
Nano One (NNO) is up 3.47 per cent and is trading at $4.77 per share as of 2:36 pm ET.
