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Vancouver-based Nano One Materials Corporation Granted 3 New Patents, Receives $3.6 Million in Proceeds from Warrants
Monday, March 20, 2023
Burnaby, BC, March 20, 2023--(T-Net)--Vancouver-based Nano One Materials Corp. announced that it's patent estate is increasing to include three (3) more issued patents, bringing Nano One's issued patents to a total of 27 with more than 55 patent applications also pending and additional patent applications being considered.
Highlights:
Nano One is a clean technology company focused on cathode materials used in lithium-ion batteries and its One-Pot process gives it a unique advantage to build local and resilient supply chains that drive down cost, complexity, energy intensity and environmental footprint.
Patent Application TW 202222679 will be for the One-Pot synthesis of lithium iron phosphate (LFP) being commercialized in Candiac QC. Patent KR 10-2443307 is for the One-Pot synthesis process of NMC and LNMO cathode materials. Patent US 11,616,230 will be for fine and ultrafine powders and nanopowders of lithium metal oxides for battery applications.
Nano One also announced the receipt of $3,651,102 in proceeds from the exercise of 2,281,939 warrants since January 1, 2023. The warrants were issued as part of a private placement completed in February 2020 and were due to expire on February 21, 2023. The Company has 1,000,000 warrants at an exercise price of $4.00 which remain outstanding and are due to expire on June 16, 2023.
Dan Blondal, CEO, Director & Founder, Nano One Materials Corp.
"The Nano One team remains committed to executing on business strategy and achieving our goals," said Mr. Dan Blondal, CEO. "With the exercise of all the 2020 warrants, and on behalf of the board of directors, employees and advisory team, I would like to thank shareholders and the wider battery community for their ongoing trust and confidence in Nano One. With three new patents, we will strengthen our position as a leading innovator and we have added meaningful shareholder value to our IP portfolio. We are grateful for the continued support from all stakeholders and look forward to sharing updates on our continued progress."
About Nano OneĀ®
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.
With strategic collaborations and partnerships, including automotive OEMs and strategic industry supply chain companies like BASF, Umicore and Rio Tinto.
Nano One's technology is applicable to electric vehicles, energy storage, and consumer electronics, reducing costs and carbon intensity while improving environmental impact.
The Company aims to pilot and demonstrate its technology as turn-key production solutions for license, joint venture, and independent production opportunities, leveraging Canadian talent and critical minerals for emerging markets in North America, Europe, and the Indo-Pacific region. Nano One has received funding from SDTC and the Governments of Canada and British Columbia.
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: the execution of Nano One's plans, including global expansions efforts, which are contingent on such 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 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. [ MORE ] |
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