The Vancouver-based company has 20 strategic relationships at various stages of development.
READ: Nano One Materials optimizing process for commercial production of high-performance lithium-ion batteries
In a statement, the company said that it is collaborating with industry leaders to identify the most promising cathode materials for next generation lithium ion batteries. Current partners and relationships include China’s Pulead Technology and France’s Saint-Gobain, a conglomerate that produces high-performance materials.
"There is a global effort underway to increase the energy density and safety of lithium ion batteries, and solid-state batteries are one of the more promising solutions,” said Nano One CEO Dan Blondal in a statement. “Nano One has developed a number of cathode materials and processes that have caught the attention of the industry, primarily from within the automotive sector. We have many third-party evaluations now underway with the goal of partnering to make solid state batteries a reality."
Research and development
The technology company is developing cathode materials through a program that includes enhancements designed to prevent chemical side reactions to improve safety and longevity. Current research and development efforts are focused on Nano One’s NMC batteries and High Voltage Spinel cathode materials.
NMC batteries are used in long range electric vehicles, while High Voltage Spinel enables high energy densities and are fast-charging.
Nano One was recently 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.
Shares of Nano One were up 0.8% at C$1.25 in Toronto and eased 2% at US$0.92 on OTC markets on Thursday morning.
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