Nano One and Umicore Enter into
Joint Development Agreement for Battery Materials Process
Technology
-
Parties to jointly leverage
their technologies for high nickel NMC cathode active
materials.
-
Objective to increase
throughput while reducing costs and environmental
footprint.
-
Aligned on creating secure,
resilient, and long-lasting supply chains.
Vancouver, Canada -- December 21,
2022 -- InvestorsHub NewsWire -- (TSX: NANO) (OTC: NNOMF) (Frankfurt: LBMB) Nano One®
Materials Corp. ("Nano One"), a clean technology company, and
Umicore, a circular materials technology company, announce the
signing of a non-exclusive Joint Development Agreement (JDA) on
production process technologies for cathode active materials (CAM)
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, said "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 Corporate Research and
Development at Umicore, commented: "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.
###
About
Nano One®
Nano
One Materials Corp (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. It employs approximately 120 people at its
innovation and commercialization hubs in British Columbia and
Québec, including the only LFP plant and production team in North
America. It has strategic collaborations and partnerships, that
include Rio Tinto, BASF, Umicore, CBMM and various automotive
OEMs.
Nano
One's technology is applicable to electric vehicles, energy
storage, consumer electronics and next generation batteries in the
global push for a zero-emission future. Its One-Pot process, its
coated single crystal materials, and its Metal to Cathode Active
Material (M2CAM®) technologies address fundamental performance
needs and supply chain constraints; they also reduce equipment and
raw material costs, operating expenses, and carbon intensity; and
they eliminate a significant waste stream for a much-improved
environmental footprint.
The
company aims to pilot and demonstrate its technology as turn-key
CAM production solutions for license, joint venture and independent
production opportunities. This leverages Canadian talent, critical
minerals, renewable energy, and a thriving ecosystem with access to
large emerging markets in North America, Europe and the
Indo-Pacific region. Nano One has received funding from the
Government of Canada and Government of British Columbia.
For
more information, please visit www.nanoone.ca
About Umicore
Umicore is the circular
materials technology Group. It focuses on application areas where
its expertise in materials science, chemistry and metallurgy makes
a real difference. Its activities are organised in three business
groups: Catalysis, Energy & Surface Technologies and Recycling.
Each business group is divided into market-focused business units
offering materials and solutions that are at the cutting edge of
new technological developments and essential to everyday life.
Umicore generates the majority of its revenues and dedicates most
of its R&D efforts to clean mobility materials and recycling.
Umicore's overriding goal of sustainable value creation is based on
an ambition to develop, produce and recycle materials in a way that
fulfils its mission: materials for a better life.
Umicore's industrial and commercial operations as well as R&D
activities are located across the world to best serve its global
customer base. The Group generated revenues (excluding metal) of €
2.1?billion (turnover of €13.8?billion) in the first half of 2022
and currently employs 11,350?people.
For
more information, please visit www.umicore.com
Company Contact:
Paul Guedes
info@nanoone.ca
(604) 420-2041
Certain information contained herein may
constitute "forward-looking information" and "forward-looking
statements" within the meaning of applicable securities
legislation. All statements, other than statements of historical
fact, are forward-looking statements. Forward-looking information
in this news release includes, but is not limited to, statements
with respect to: results of the JDA and status of the partnership
with Umicore, future projects that may be put into place, the
execution of Nano One's plans which are contingent on
collaboration, support and awards and the commercialization of Nano
One's technology and patents. Generally, forward-looking
information can be identified by the use of terminology such as
'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue',
'estimate', 'may', 'will', 'should', 'ongoing',
'target', 'goal',
'potential' or variations of such words and phrases or statements
that certain actions, events or results "will" occur.
Forward-looking statements are based on the current opinions and
estimates of management as of the date such statements are made are
not, and cannot be, a guarantee of future results or events.
Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Nano One to be
materially different from those expressed or implied by such
forward-looking statements or forward-looking information,
including but not limited to: results of the JDA and status of the
partnership with Umicore, future projects that may be put into
place, the execution of Nano One's plans which are contingent on
such support and awards and the commercialization of Nano One's
technology and patents and other risk factors as identified in Nano
One's MD&A and its Annual Information Form dated March 28,
2022, both for the year ended December 31, 2021, and in recent
securities filings for the Companies which are available at
www.sedar.com. Although management of Nano One 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. Nano One does not
undertake any obligation to update any forward-looking statements
or forward-looking information that is incorporated by reference
herein, except as required by applicable securities laws.
Investors should not place undue
reliance on forward-looking statements.
Nano One Materials (TSX:NANO)
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