Nano One Fabrics’ One-Pot Procedure May just Lend a hand Deal with Affordability Problem in EV Adoption, COO Says






Affordability stays a the most important problem within the adoption of electrical cars, and Nano One Fabrics’ (TSX:NANO,OTC Red:NNOMF,FWB:LBMB) leading edge cathode production era for lithium-ion batteries may doubtlessly cope with this, in keeping with Alex Holmes, the corporate’s leader running officer.

Nano One Fabrics is advancing its patented One-Pot Procedure for the sustainable manufacturing of lithium-ion battery cathode fabrics. Holmes defined that the present cathode production procedure, which has been in use for many years, used to be now not made to maintain lately’s battery business. One of the vital device’s faults are that it’s pricey, wasteful, power inefficient, consumes numerous water and has a CO2 footprint — all issues that Nano One’s patented One-Pot Procedure addresses.

“What we’ve innovated is the producing procedure for (cathodes),” Holmes stated. “So we’re in a position to make use of lower-cost uncooked fabrics, and we’ve additionally been in a position to pressure efficiencies to cut back the processing prices and the capital prices. And so taken as an entire, there may be an have an effect on in the long run to the tip car.”

Nano One’s One-Pot Procedure could make the entire main cathode chemistries together with some distinctive ones, Holmes stated. “One cathode subject matter that we’re in particular occupied with now for business plans in Québec is the iron-rich cathode subject matter referred to as LFP (lithium-iron-phosphate). It has numerous inherent subject matter advantages. It’s so much more secure. It’s much more solid thermally than high-nickel chemistries. It’s additionally so much decrease (in) charge.”

The corporate just lately signed a collaboration settlement with Sumitomo Steel Mining (TSE:5713) to, amongst different issues, boost up the improvement of Nano One’s proposed LFP production-scale pilot plant and its first business LFP plant, and the piloting of nickel- and manganese-rich cathodes. The settlement additionally features a C$16.9 million fairness funding by means of Sumitomo.

Watch the total interview with Nano One Fabrics Leader Running Officer Alex Holmes above.

Disclaimer: This interview is subsidized by means of Nano One Fabrics (TSX:NANO,OTC Red:NNOMF,FWB:LBMB). This interview supplies knowledge which used to be sourced by means of the Making an investment Information Community (INN) and licensed by means of Nano One Fabrics with a view to assist buyers be informed extra in regards to the corporate. Nano One Fabrics is a shopper of INN. The corporate’s marketing campaign charges pay for INN to create and replace this interview.

INN does now not supply funding recommendation and the guidelines in this profile must now not be regarded as a advice to shop for or promote any safety. INN does now not endorse or counsel the trade, merchandise, services and products or securities of any corporate profiled.

The tips contained this is for info functions most effective and isn’t to be construed as an be offering or solicitation for the sale or acquire of securities. Readers must habits their very own analysis for all knowledge publicly to be had regarding the corporate. Prior to creating any funding resolution, it is suggested that readers seek the advice of without delay with Nano One Fabrics and consult with a certified funding marketing consultant.

This interview would possibly comprise forward-looking statements together with however now not restricted to feedback in regards to the timing and content material of upcoming paintings techniques, receipt of belongings titles, and so forth. Ahead-looking statements cope with long run occasions and prerequisites and subsequently contain inherent dangers and uncertainties. Precise effects would possibly range materially from the ones these days expected in such statements. The issuer is based upon litigation coverage for forward-looking statements. Making an investment in corporations comes with uncertainties as marketplace values can vary.

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