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  • Nano One Materials Corp. (NANO) has signed a Joint Development Agreement for the production of active cathode materials for lithium-ion batteries
  • The companies will leverage their technologies for high nickel NMC cathode active materials
  • The goal is to increase throughput while reducing costs and environmental footprint
  • The companies are aligned on creating secure, resilient, and long-lasting supply chains
  • Nano One Materials (Nano One) is a clean technology company
  • Nano One Materials Corp. (NANO) opened trading at C$2.41

Nano One Materials Corp. (NANO) has signed a Joint Development Agreement for the production of active cathode materials for lithium-ion batteries.

Under the agreement, Umicore will evaluate Nano One’s patented M2CAM One-Pot process technology with the intention to integrate it with Umicore’s proprietary process technology for the production of high nickel NMC (nickel, manganese, cobalt) CAM. With the agreement, both parties aim to leverage their respective technologies and know-how to further increase the throughput rate while reducing the costs and environmental footprint of CAM production.

Dr. Stephen Campbell, CTO of Nano One, remarked on the partnership.

“With Umicore, we share a common goal to improve the environmental footprint, cost, and performance of lithium-ion batteries through materials and process innovation. We are aligned with emerging global imperatives to create secure, resilient, and long-lasting supply chains. We look forward to developing an enduring collaborative partnership with Umicore, building on our common strengths and combined know-how.”

Yves Van Rompaey, Senior Vice President of Corporate Research and Development at Umicore, commented on the partnership with Nano One.

“Innovating for a sustainable future is at the core of our business, both through organic developments and by forging research partnerships or jointly developing technologies with third parties. Our development agreement with Nano One allows us to study the feasibility of their technology with the potential and ambition to further decrease the carbon footprint and costs of CAM production. We look forward to fostering a collaborative working relationship with the Nano One team.”

The JDA has various phases and stage gates and is the result of evaluating Nano One’s process technology. The JDA, and any future licensing opportunities, are non-exclusive.

Nano One Materials (Nano One) is a clean technology company with a patented, scalable and low-carbon intensity industrial process for the low-cost production of high-performance lithium-ion battery cathode materials.

Umicore SA offers solutions to treat pollutants, metals, and other industrial materials. Umicore’s activities are organized into three business groups: Catalysis, Energy & Surface Technologies and Recycling.

Nano One Materials Corp. (NANO) opened trading at C$2.41.

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