(TSX-V: NNO) (OTC-Nasdaq Intl
Designation: NNOMF) (Frankfurt: LBMB).
Nano One CEO, Mr. Dan Blondal, is pleased to announce that Nano One
has been approved for $5 million from Sustainable Development
Technology Canada (“SDTC”) to support Nano One’s “Scaling Advanced
Battery Materials” project.
“This project will support scale up activities with industrial
partners and collaborators,” said Mr. Blondal, “and we are thrilled
to have SDTC’s approval. Nano One’s project proposal to SDTC
involves five multinational manufacturers and European automakers
contributing at various stages of research, development, piloting
and commercialization. We are currently finalizing the terms of the
project financing agreement.”
SDTC is an independent federal foundation that funds companies
with the potential to transform the environmental and economic
prosperity of Canada. SDTC’s support and championing of Canadian
entrepreneurs – in the form of funding, knowledge and ecosystem
connectivity – makes a difference in today’s hyper-competitive
global market for clean technologies. By taking a pan-Canadian
approach, in partnership with the best peers and experts, SDTC is
the benchmark for sustainable development innovation programming
globally.
“As communicated previously,” Mr. Blondal added, “Nano One is
engaged with Pulead Technology and Saint-Gobain and we are pleased
to announce that Volkswagen Group Research will join our consortium
as a project contributor. Details on the other two project
contributors remain confidential. We are inspired to be working
with such accomplished global leaders and look forward to
accelerating our activities with the support of SDTC.”
The SDTC proceeds will be non-dilutive and non-repayable and
they will be directed at the expansion of Nano One’s business and
technical activities with its partners. The goals are to expand the
laboratory, pilot plant and staffing to support the advancement of
next generation lithium ion battery cathode materials, used in
electric vehicles and renewable energy storage. Nano One is jointly
developing industrial scale processes with its partners for the
commercial production of these materials.
Leah Lawrence, President and CEO of SDTC, said, “To lower
greenhouse gas emissions, we must make it easier for Canadians to
adopt new clean technologies. Nano One is leading that change
through its low-cost production of high performance lithium ion
battery materials, which are broadly used in electric vehicles,
energy storage and consumer electronics.”
“SDTC is globally recognized for their expertise in cleantech
investment. They have a competitive selection process and they have
performed rigorous due diligence of the Nano One consortium
application,” said Mr. Blondal. “As this will be Nano One’s second
round of SDTC support, it represents a strong endorsement of Nano
One’s track record and strategic relationships. Nano One has
recently completed the SDTC funded Demonstration Pilot Plant
Project and we are honoured to have earned SDTC’s confidence for
renewed support toward these partnership and growth
activities.”
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)
420-2041 or visit the website
at www.nanoone.ca.
About Pulead
Established in 1999 by Oriental Investment Co. Ltd and Peking
University, Pulead Technology Industry is one of China’s leading
Li-ion battery cathode producers. Together with its strategically
positioned subsidiaries and JVs in cathodes and separators as well
as in upstream lithium resources and downstream large format
battery packs, Pulead is becoming a key player in the Li-ion
battery supply chain. www.pulead.com.cn/en/
About Saint-Gobain
Saint-Gobain designs, manufactures and distributes materials and
solutions which are key ingredients in the wellbeing of each of us
and the future of all. They can be found everywhere in our living
places and our daily life: in buildings, transportation,
infrastructure and in many industrial applications. They provide
comfort, performance and safety while addressing the challenges of
sustainable construction, resource efficiency and climate change.
Saint-Gobain recorded €41.8 billion in sales in 2018, is operating
in 67 countries and has more than 180,000 employees. To learn more
about Saint-Gobain go to www.saint-gobain.com and follow on
Twitter @saintgobain
About Volkswagen
The Volkswagen Group with its headquarters in Wolfsburg is one
of the world’s leading automobile manufacturers and the largest
carmaker in Europe. The Group comprises twelve brands from seven
European countries: Volkswagen Passenger Cars, Audi, SEAT, ŠKODA,
Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen
Commercial Vehicles, Scania and MAN. Each brand has its own
character and operates as an independent entity on the market. The
product spectrum ranges from motorcycles to small cars and
luxury vehicles. In the commercial vehicle sector, the products
include ranges from pick-ups, buses and heavy trucks. The Group
operates 120 production plants in 20 European countries and a
further 11 countries in the Americas, Asia and Africa. Every
weekday, around 642,292 employees worldwide produce nearly 44,170
vehicles, and work in vehicle-related services or other fields of
business. The Volkswagen Group sells its vehicles in 153 countries.
With its “TOGETHER – Strategy 2025" future program, the Volkswagen
Group is paving the way for the biggest change process in its
history: the realignment of one of the best carmakers to become a
globally leading provider of sustainable mobility.
www.volkswagenag.com.
About SDTC
SDTC is a flagship program, and our funding of Canadian
entrepreneurs has created jobs, growth, and long-term prosperity
for Canada. SDTC is a lean organization with a big impact. Since
its inception, SDTC has invested over $1 billion in more than 300
companies, creating 12,000 jobs. Our companies have reduced
greenhouse gas emissions by an estimated 13.8 megatonnes annually.
SDTC’s efforts have been focused on small- and medium-sized
enterprises, recognizing that this is where we can make the biggest
impact. Our funding gives companies the critical boost they need to
advance their projects in the challenging stages of pre-commercial
development and demonstration. For more information, please
visit sdtc.ca
About Nano One
Nano One Materials Corp (“Nano One” or “the Company”) has
developed patented technology and pilot scale demonstration for the
low-cost production of high performance lithium ion battery cathode
materials used in electric vehicles, energy storage and consumer
electronics. The processing technology enables lower cost
feedstocks, simplifies production and advances performance for a
wide range of cathode materials. Nano One has built a demonstration
pilot plant and is partnering with global leaders in the lithium
ion battery supply chain, to advance its NMC, LFP and LMN cathode
technologies for large growth opportunities in e-mobility and
renewable energy storage applications.
Nano One’s pilot and partnership activities are 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).
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, the execution of the Company’s plans which are
contingent on the receipt of grant 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, including: the ability of the
Company to obtain additional financing; including the receipt of
grant monies from SDTC, ASIP, NRC-IRAP and the receipt of all
necessary regulatory approvals. 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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