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Nano One Materials

Nano One Materials awarded third Canadian patent

The firm has an industrial process for producing low-cost, high-performance battery materials

Patent header in filing cabinet
The firm now has 12 patents globally

Nano One Materials Corp (CVE:NNO) (OTCMKTS:NNOMF), the tech company that designs materials that go into lithium-ion batteries, said it had been granted a third patent in Canada, bringing the total now to 12 patents issued around the globe.

The firm has an industrial process for producing low-cost, high-performance battery materials and a wide range of other advanced nanostructured composites.

READ: Nano One wants to be the power behind low-cost, high-performance battery materials

"This patent is significant to Nano One," said Dr Stephen Campbell, chief technology officer.

He explained that the patent related to the formation of lithium-ion battery precursors by the novel process developed at Nano One.

"Precursors are intermediate mixtures of metals such as nickel, cobalt and manganese prepared in advance of high-temperature processing in a furnace.

Nano One's approach differs because its process adds lithium to the precursors in an intimate mixture with the other metals. This avoids the need to grind and mill, it can shorten thermal process times, it can simplify manufacturing and it can enable alternative feedstocks.

Nano One continues to extend its patent coverage, with patents now issued in Canada, United States, China, Korea, Taiwan and Japan.

These cover processes, lithium-ion battery materials and related battery applications. There are 30-plus patents pending worldwide including Europe.

"Nano One began filing patents 5 years ago and continues to innovate," said Dr Joseph Guy, patent agent and Nano One board member.

"Those efforts are turning into a world-class patent estate which positions Nano One favorably as it engages with global leaders in lithium-ion batteries and materials."

Shares added around 2% in Toronto to $1.43.

Contact Giles at [email protected]

Follow him on Twitter @Gile74

Quick facts: Nano One Materials

Price: $1.46

Market: TSX-V
Market Cap: $97.9 m
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