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Nano One Materials

Nano One teams up with automotive manufacturer to test its cathode materials in electric car batteries

The Vancouver company received a C$550,000 purchase order from an unnamed automotive equipment company

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Nano One has developed lithium ion battery cathode materials used in electric vehicles, energy storage and consumer electronics

Nano One Materials Corp (CVE:NNO) (OTCMKTS:NNOMF) is partnering up with a global automotive company to evaluate its cathode materials in electric car batteries.

The Vancouver company received a C$550,000 purchase order from an unnamed automotive equipment company.

The collaboration will examine materials made using Nano One’s signature processes under automotive testing conditions.

“Our project partner is a global leader in innovation and commercialization of cutting edge technologies,” CEO Dan Blondal said. “We are very excited to be working with a company in the forefront of the electric vehicle revolution. Their knowledge in the field and application of innovative battery materials is complementary to our processing technology and scale up expertise.”

Nano One has developed lithium ion battery cathode materials used in electric vehicles, energy storage and consumer electronics. The cathode is the negatively charged electrode through which electrons enter the battery.

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

Quick facts: Nano One Materials

Price: $1.46

Market: TSX-V
Market Cap: $97.9 m
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