Nano One Materials Corp.
TSX-V Symbol: NNO
Nano One Commences Commercial Facility Design Study
April 16, 2015
Vancouver, BC: Nano One Materials Corp. (“Nano One” or the “Company”) announces the commencement of work by NORAM Engineering and Constructors Ltd. (“NORAM”) and its subsidiary BC Research Inc. (“BCRI”) (reported March 9, 2015) to provide a conceptual design and cost estimate for a commercial facility that produces lithium ion battery cathode materials.
Financial support for study is being provided by Canada’s National Research Council Industrial Research Assistance Program (“NRC-IRAP”) as part of a larger project agreement (reported March 9, 2015) entered into with NRC-IRAP whereby NRC-IRAP will fund a non-repayable contribution for the optimization and design of a demonstration pilot facility. Under the terms of the NRC-IRAP agreement, NRC-IRAP has agreed to reimburse the Company a portion of the salaries paid to Company employees and a portion of the fees paid to consultants, such as BCRI.
NORAM and BCRI are globally recognized in process engineering and have designed, scaled and built industrial chemical plants around the world. They are providing laboratory, incubation and piloting facilities to Nano One along with technology development, scale-up and commercialization know-how, engineering design and fabrication support.
Clive Brereton, Ph.D., leads all process development work at BCRI as Director and stated that “BCRI have been very impressed by the strong technical skills brought to the project by Nano One’s staff and their capacity to focus research and development activities towards the path of commercialization.”
The conceptual design study will provide Nano One with preliminary process flow diagrams (PFD), three-dimensional layouts and cost estimations for the equipment, installation and operation of a full commercial system operating at approximately 10,000 kg/day.
The outcome of this study will also guide current bench scale technology development efforts and the design and construction of an intermediate pilot scale facility in 2016. This pilot line will demonstrate production of materials at approximately 10 kg/day and provide sufficient quantities of material for potential customers to evaluate and demonstrate performance in pilot battery production. Nano One believes that these outcomes will provide key players in the battery materials space with confidence in Nano One’s plans to deliver scalable and cost effective technology.
In support of commercialization and performance testing efforts, Nano One continues to optimize its core processing technology as it relates to making nano-structured composite lithium ion battery cathode materials. In 2014, Canada’s National Research Council and several key players in the battery space tested and evaluated sample materials from Nano One. Results were positive and there remains strong interest in testing larger batches of the Company’s recent generation of materials. In house battery testing of these materials is underway in anticipation of providing optimized material to interested third parties.
Nano One CEO Dan Blondal stated, “The industrial collaboration that has unfolded between NORAM, BCRI, NRC-IRAP and Nano One is adding tremendous value to our company. The collective commercialization experience is advancing our technology and the credibility of our business and we are buoyed by the confidence they have in the scalability of our technology. We look forward to committing the conceptual design to a demonstration pilot line over the coming year and to ramping up our third party battery materials test program.”
About Nano One
Nano One Materials Corp. is focused on developing novel, scalable and low-cost processing technology for the production of high performance nano-structured materials. Nano One Materials Corp.’s mission is to establish its patent pending technology as a leading platform for the global production of a new generation of nano-structured composite materials.
About NORAM and BCRI
NORAM and BCRI have a global reputation for innovation and excellence in the supply of proprietary engineering and equipment packages to the chemical, pulp and paper, minerals processing and electrochemical sectors. Their six specialized business groups have completed capital projects on five continents. They are recognized worldwide as a leader in the fields of nitration, sulfuric acid and electrochemistry.
In addition to carrying out large assignments for major multi-national clients and municipalities, NORAM and BCRI work with early-stage technology companies. They provide engineering design and fabrication support, sharing their experience in technology commercialization, and growing with companies as a strategic stakeholder.
National Research Council – Industrial Research Assistance Program (“NRC-IRAP”) is Canada’s premier innovation assistance program for small and medium-sized enterprises. For over 60 years, NRC-IRAP has been stimulating wealth creation for Canada through technological innovation. This is largely accomplished by providing technology assistance and financial support to small and medium-sized enterprises at all stages of the innovation process, to build their innovation capacity. NRC-IRAP helps small and medium-sized enterprises understand the technology issues and opportunities and provides linkages to the best expertise in Canada.
Nano One Materials Corp.
Dan Blondal, CEO
For information with respect to Nano One or the contents of this news release, please contact the Company at (604) 669-2701 or visit the website at 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 commencement of trading of the Company’s common shares. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects” or “it is expected”, 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 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.