Nano One Materials strengthens relationship with giant Johnson Matthey with joint development deal
Nano One Materials Corp (CVE:NNO) (OTCPINK:NNOMF) (FRA:LBMB) has strengthened its business relationship with materials and chemicals giant Johnson Matthey PLC (LON:JMAT) (OTCMKTS:JMPLF) (FRA:JMT2), signing a joint development deal to advance lithium-ion battery materials.
Under the agreement, the companies will co-develop next-generation products and processes for Johnson Matthey’s (JM) eLNO group of nickel-rich advanced cathode materials using Nano One’s patented One-Pot process.
READ: Nano One Materials gets conditional nod to uplist to the TSX Venture Exchange
The work will lead to a detailed commercialization study for pre-pilot, pilot and scaled-up manufacturing.
“Johnson Matthey is a global leader in advanced lithium-ion cathode materials, and we are proud to be working with them in the pursuit of high performance, long life cycles, low-carbon footprint and environmentally sustainable solutions,” said Nano One CEO Dan Blondal in a statement.
Christian Gunther, the chief executive of Battery Materials at Johnson Matthey, added: “We are encouraged by Nano One’s innovations and believe its technology has the potential to offer significant advantages in terms of product performance, sustainability and manufacturing cost for our eLNO family of advanced cathode materials.”
Nano’s patented One-Pot process forms cathode material known as “coated single crystal” which can deliver increased durability and can be made directly from metal powders and lithium carbonate thus addressing cost, energy and sustainability issues.
Johnson Matthey is currently commercializing the eLNO family of materials and expects them to be ready to power the next generation of hybrid and battery electric vehicles in 2024.
The first manufacturing plant, currently under construction in Poland will initially supply 10,000 metric tons (MT) per year of eLNO, equivalent to around 100,000 electric vehicles.
The construction of the second plant is scheduled for later in 2021, and will initially supply 30,000MT of eLNO per year.
Nano One said the deal with JM was the “culmination of successful technical reviews and preliminary evaluations of both Nano One’s high nickel cathode materials and IP conducted over the past year” and represented a “significant milestone in the business relationship between both companies”.
Contact the author at [email protected]
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/951319/nano-one-materials-strengthens-relationship-with-giant-johnson-matthey-with-joint-development-deal-951319.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).