VANCOUVER, British Columbia, May 03, 2018 (GLOBE NEWSWIRE) — Dr. Stephen Campbell, Principal Scientist at Nano One (TSX-V:NNO) (OTC:NNOMF) (Frankfurt:LBMB), is pleased to announce that Nano One has been issued Korean Patent Number 10-1839000. This is Nano One’s seventh patent and is directed to an improved lithium ion battery utilizing Nano One proprietary cathode material.
“This patent extends Nano One’s intellectual property protection in Asia,” said Dr. Campbell, “where battery and materials markets are growing at a tremendous pace. We are executing successfully on our patenting strategy and putting protections in place to work with strategic groups in the region.”
Nano One has developed a proprietary process for the manufacture of lithium ion cathode materials. As recently reported, the scalability of the process is being demonstrated in Nano One’s pilot plant. The research team continues to innovate and to seek patent protection on novel processes and improved materials. Nano One now has been granted patents in Canada, United States, Taiwan, Japan and Korea and has over 30 other pending patent applications worldwide.
“The Nano One process differs from other cathode manufacturing methods because our aqueous process provides an intimate mixture of lithium, nickel, cobalt and other metal atoms prior to thermal processing,” said Dr. Campbell, “and does so without having to grind or mill. This reduces contamination, shortens time in the furnace, improves the crystallinity, enables various lithium feedstocks and makes it easier to build performance enhancing elements into the cathode.”
Dr. Joseph Guy, patent counsel and director for Nano One added “This patent further validates the novelty of the Nano One technology, especially, as applied to an improved lithium ion battery.”
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) 669-2701 or visit the website at www.nanoone.ca.
About Nano One:
Nano One Materials Corp (“Nano One” or “the Company”) is developing patented technology for the low-cost production of high performance battery materials used in electric vehicles, energy storage, consumer electronics and next generation batteries. 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 a range of different nanostructured materials and has the flexibility to shift with emerging and future battery market trends and a diverse range of other growth opportunities. The novel three-stage process uses equipment common to industry and Nano One has built a pilot plant to demonstrate high volume production and has preliminary engineering plans in place for full scale production of a range of cathode materials. This pilot plant program 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 nanostructured composite materials. For more information, please visit www.nanoone.ca
Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the actual receipt of the grant monies, the execution of the Company’s plans which are contingent on the receipt of such monies and the commercialization of the Company’s technology and patents. 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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