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Nano One Materials' lithium battery technology boosted with another US patent

The company has developed a method to produce high performance lithium ion battery cathode materials at low cost.

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The firm says its tech improves the durability of cathode materials and mean electric vehicle manufacturers can significantly increase the lifespan of batteries

Nano One Materials Corp (CVE:NNO) (OTCMKTS:NNOMF) told investors on Monday that its lithium battery associated technology has been further booster by another US patent. 

The company's innovative work is already protected by patents in the US, Canada, Taiwan, China, Japan and Korea, the Canada-based firm said. 

Put simply, the company has developed a method to produce high-performance lithium-ion battery cathode materials at low cost. Such batteries are used in electric vehicles, energy storage and consumer electronics.

READ: Nano One Materials advancing new battery project with fresh round of funding from Sustainable Development Technology Canada

The firm has already built a demonstration pilot plant and is partnering with global leaders in the space, including Pulead, Volkswagen and Saint-Gobain.

Notably, the firm's technology creates single crystal particles rather than larger clusters, which resists cracking and degradation from repeated charging.

This improves the durability of cathode materials and means electric vehicle manufacturers can significantly increase the lifespan and driving range of their batteries.

Nano One is making these materials using innovative manufacturing technologies with fewer steps and simpler feedstocks, it said.

Multi-faceted

"Nano One's patent estate is multifaceted," said Dr. Joseph Guy, a director of Nano One and patent agent.

"With patents covering the proprietary process, as well as the improved nano crystalline cathode materials made using the process. Of particular importance to our strategic partners are patents focused on batteries having improved properties achieved through the use of these proprietary materials," he said.

Dr Stephen Campbell, the chief technology officer at Nano One, added: "This patent complements those recently issued across the globe and protects those physical attributes Nano One's proprietary cathode materials most closely associated with battery performance. The surface properties of single crystal cathode materials contribute to critical battery properties such as shorter charge time, longer battery life, and increased battery capacity. Nano One's innovative control of these surface properties is important for our strategic partners.”

Shares in Toronto eased 1.65% to C$1.19 each.

Contact the author at [email protected]

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Price: 1.19 CAD

TSX-V:NNO
Market: TSX-V
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