VANCOUVER, British Columbia, March 22, 2017 (GLOBE NEWSWIRE) -- Dan Blondal, CEO of Nano One Materials Corp. (TSX-V: NNO ) (Frankfurt: LBMB ) (OTC:NNOMF), today announced that all critical components for Nano One’s pilot plant are now in place and in final stages of assembly at its demonstration facility with commissioning of the pilot plant to follow in April.
“ I am pleased to report that our pilot program remains on budget, on target and free of any technical obstacles, ” said Mr. Blondal. “ As anticipated, we are seeing elevated interest from market stakeholders in the lithium ion battery supply chain. They are eager to see our technology showcased and simulating full scale production with larger test volumes of cathode materials. There is also a spike of interest from the fast-growing lithium supply chain who value Nano One’s ability to widen specifications for battery grade lithium. ”
The final stages of interconnection, plumbing and wiring are underway on the pilot plant reactors, dryer, furnace and the balance of plant equipment needed for water, utilities and recirculation. Commissioning will occur in April with preliminary output and optimization of cathode materials to follow.
Dr. Stephen Campbell, Nano One’s Principal Scientist, added, “In parallel with pilot plant construction efforts, our team has been busy determining pilot operating parameters while adding intellectual property and value through continued innovation in our chemistries and processes. We are also bringing on talented engineers and scientists in anticipation of exciting development efforts planned in 2017 and beyond.”
Nano One Materials Corp.
Dan Blondal, CEO
For information with respect to Nano One or the contents of this news release, please contact John Lando (President) at (604) 669-2701 or visit the website at www.nanoone.ca .
About Nano One:
Nano One Materials Corp (“Nano One” or “the Company”) is developing patented technology for the low-cost production of high performance battery materials used in electric vehicles, energy storage and consumer electronics. The processing technology addresses fundamental supply chain constraints by enabling wider raw materials specifications for use in lithium ion batteries. The process can be configured for a range of different nanostructured materials and has the flexibility to shift with emerging and future battery market trends and a diverse range of other growth opportunities. The novel three-stage process uses equipment common to industry and Nano One is building a pilot plant to demonstrate high volume production. Nano One’s mission is to establish its patented technology as a leading platform for the global production of a new generation of nanostructured composite materials. For more information, please visit 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 actual receipt of the grant monies, the execution of the Company’s plans which are contingent on the receipt of such monies and the commercialization of the Company’s technology and patents. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing', 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 completion of final documentation with SDTC and 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.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE
