- Nano One (NANO) has met key milestones under its evaluation agreement with a global automotive manufacturer
- These include completion of the evaluation and benchmarking of its process, cathode materials and techno-economic modelling
- This success has led to a new agreement including joint promotional efforts, Nano One’s lithium ferro-phosphate materials, and enhanced performance, cost and environmental specifications
- Nano One Materials offers a scalable and low-carbon process for the production of high-performance lithium-ion battery cathode materials
- Nano One (NANO) is up by 10.65 per cent, trading at $3.43 per share
Nano One (NANO) has met key milestones under its evaluation agreement with a global automotive manufacturer.
These include completing the evaluation and benchmarking of its process, cathode materials and techno-economic modelling.
The parties evaluated Nano One’s nickel-manganese-cobalt cathode materials for use in automotive lithium-ion batteries and found significant potential to reduce environmental footprint, capital costs and operating costs without sacrificing performance, compared to conventional cathode processes.
This success has led to a new cathode evaluation agreement that includes joint promotional efforts, adds Nano One’s lithium ferro-phosphate to the program, and expands the collaboration to target the OEM’s specific performance, cost and environmental specifications.
Nano One’s technology may prevent over 2 billion kg of sodium sulphate by-product waste for every 15 million electric vehicles or for each terawatt-hour of battery production.
“Over the past 24 months, our team has built a collaborative relationship with the automotive company,” said Andrew Muckstadt, Nano One’s VP of Business Development, “It is rewarding to know that they are pleased with the results and looking to do more with us. Success in this project has given both parties added confidence in the long-term strategic potential of Nano One’s technology.”
“We share a common vision with our automotive partner to drive down cost, complexity and environmental footprint in the EV cathode supply chain. We are now developing a roadmap for our collaborative efforts to fulfill this vision,” he added.
Nano One Materials is a clean technology company developing a patented, scalable and low-carbon process for the production of high-performance lithium-ion battery cathode materials. It has strategic collaborations and partnerships with Rio Tinto, BASF, Umicore, CBMM and various automotive OEMs.
Nano One (NANO) is up by 10.65 per cent, trading at $3.43 per share as of 11:21 am EST.
