Nano One Materials Corp (TSX:NANO)Technology
Nano One Materials Corp is a technology company that produces energy storage materials.
The Canadian firm manufactures cathode powder and cathode materials used in the lithium ore batteries through its patented industrial technology, the One Pot Process.
The One Pot Process directs the manufacturing process and minimizes the manufacturing cost. In addition, the technological solution enhances the performance of the cathode materials that in turn adds value to the electric vehicles and grid storage batteries, the firm claims.
The British Columbia-based tech firm graduated to Toronto Stock Exchange from TSXV in June 2021. Since June 8, 2021, its common stocks trade on TSX with the ‘NANO’ symbol.
The Bunbury-based cathode producer provides three different types of lithium-ion cathode:
• Lithium Iron Phosphate (LFP) is used in electric buses, electric bikes, fleet vehicles and fresher electric vehicles.
• Nickel-Manganese-Cobalt Oxide (NMC) has a higher energy density that helps the derives the range of the electric vehicles. The company expects that LFP to dominate the automobile market.
• Lithium Nickel Manganese Oxide or High Voltage Spinel (LNMO) is suitable for next-generation liquid and solid electrolyte batteries.
With the Metal to Cathode Active Material (M2CAM) technologies, One Pot Process and the coated nanocrystal materials, Nano One delivers various solutions for different industrial processes.
The cathode material producer claims to be supported by several fund programs provided by the government, such as SDTC and ICE Fund (British Columbia).
On June 3, 2021, Nano One Materials Corp entered into a joint development agreement with Johnson Matthey, a London-based science and chemical company, to develop lithium-ion battery materials.
Furthermore, the company got three new patents in the United States, Canada, and China that expands its patent portfolio to 19. In addition, the firm has applied for more than 35 patents.
The Canadian claims that the global demand for zero-emission vehicles and products, such as electric vehicles (EVs), Energy Storage Systems (ESS) and consumer electronics, has increased the demand for cathode-driven lithium batteries.
The clean energy company is also listed on OTC-Nasdaq Intl Designation and Frankfurt Stock Exchange under 'NNOMF' and 'LBMB' tickers, respectively.
101B - 8575 Government St Burnaby, BC, Canada, V3N 4V1