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Nano One (TSX:NANO) granted three new patents

Market News, Technology
TSX:NANO
17 March 2023 11:30 (EDT)
Nano One Materials - CEO, Dan Blondal.

Source: Nano One Materials.

Nano One Materials (NANO) has added three patents to its portfolio.

The first concerns the One-Pot synthesis of lithium iron phosphate (LFP) being commercialized in Candiac, QC.

The second concerns the One-Pot synthesis process of NMC and LNMO cathode materials.

The third concerns fine and ultrafine powders and nanopowders of lithium metal oxides for battery applications.

The patents are issued and allowed in Taiwan, Korea and the U.S., respectively, bringing the company’s portfolio to 27 with more than 55 applications pending.

Nano One has also received $3,651,102 from the exercise of 2,281,939 warrants since January 1, 2023. It has 1,000,000 warrants exercisable at $4.00 which remain outstanding and expire on June 16, 2023.

Given recent banking uncertainty, the company is confirming that its treasury is diversified among several Canadian chartered banks and large financial institutions.

“With three new patents, we will strengthen our position as a leading innovator and we have added meaningful shareholder value to our IP portfolio. We are grateful for the continued support from all stakeholders and look forward to sharing updates on our continued progress,” said Dan Blondal, Nano One’s CEO.

Nano One offers its scalable and low-carbon One-Pot process for the production of high-performance lithium-ion battery cathode materials.

Nano One Materials (NANO) is up by 0.91 per cent trading at $3.34 per share as of 10:58 am EST.


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