Nano One and Umicore Enter Into Joint Growth Agreement for Battery Components Method Technological innovation

VANCOUVER, BC / ACCESSWIRE / December 21, 2022 / (TSX:NANO)(OTC PINK:NNOMF)(Frankfurt:LBMB)

• Get-togethers to jointly leverage their technologies for higher nickel NMC cathode energetic elements.

• Aim to raise throughput even though minimizing expenses and environmental footprint.

• Aligned on building secure, resilient, and lengthy-lasting offer chains.

Nano One^® Products Corp. (“Nano 1”), a clear technologies business, and Umicore, a circular resources technology business, announce the signing of a non-unique Joint Growth Settlement (JDA) on creation procedure technologies for cathode active elements (CAM) for lithium-ion batteries. Under the arrangement, Umicore will appraise Nano One’s patented M2CAM^® One particular-Pot method technological innovation with the intention to integrate it with Umicore’s proprietary method know-how for the creation of large nickel NMC (nickel, manganese, cobalt) CAM. With the settlement both events intention to leverage their respective systems and know-how to even more enhance the throughput amount when lowering the prices and environmental footprint of CAM production.

Dr. Stephen Campbell, CTO of Nano A person, stated “With Umicore, we share a typical target to strengthen the environmental footprint, charge, and functionality of lithium-ion batteries, by way of products and process innovation. We are aligned with emerging global imperatives to produce protected, resilient, and prolonged-lasting offer chains. We glimpse ahead to acquiring an enduring collaborative partnership with Umicore, building on our common strengths and combined know-how.”

Yves Van Rompaey, Senior Vice President Company Investigate and Progress at Umicore, commented: “Innovating for a sustainable foreseeable future is at the core of our company, both of those by means of organic developments and by forging study partnerships or jointly acquiring systems with third events. Our improvement settlement with Nano A person makes it possible for us to review the feasibility of their technology with the potential and ambition to even further reduce the carbon footprint and expenditures of CAM generation. We glimpse ahead to fostering a collaborative doing work connection with the Nano One particular crew.”

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The JDA has different phases and phase gates and is the end result of analyzing Nano One’s method technology. The JDA, and any long term licensing prospects, are non-distinctive.

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About Nano Just one^®

Nano One particular Resources Corp (Nano 1) is a clean technological know-how enterprise with a patented, scalable and lower carbon intensity industrial method for the very low-value production of large-overall performance lithium-ion battery cathode supplies. It employs somewhere around 120 men and women at its innovation and commercialization hubs in British Columbia and Québec, including the only LFP plant and generation team in North The united states. It has strategic collaborations and partnerships, that include things like Rio Tinto, BASF, Umicore, CBMM and various automotive OEMs.

Nano One’s technological innovation is relevant to electric autos, power storage, buyer electronics and upcoming generation batteries in the international drive for a zero-emission upcoming. Its 1-Pot method, its coated single crystal resources, and its Metallic to Cathode Energetic Materials (M2CAM®) systems handle essential effectiveness desires and source chain constraints they also minimize machines and uncooked substance expenditures, functioning expenditures, and carbon intensity and they remove a sizeable squander stream for a much-enhanced environmental footprint.

The company aims to pilot and show its technological know-how as change-critical CAM output solutions for license, joint venture and impartial manufacturing alternatives. This leverages Canadian expertise, critical minerals, renewable electricity, and a flourishing ecosystem with access to large rising marketplaces in North The usa, Europe and the Indo-Pacific region. Nano A person has been given funding from the Governing administration of Canada and Governing administration of British Columbia.

For additional information, be sure to stop by www.nanoone.ca

About Umicore

Umicore is the round components technological know-how Group. It focuses on application areas wherever its knowledge in components science, chemistry and metallurgy would make a genuine distinction. Its actions are organised in a few business teams: Catalysis, Strength & Floor Systems and Recycling. Each individual business group is divided into sector-concentrated business models offering elements and alternatives that are at the slicing edge of new technological developments and necessary to daily existence.

Umicore generates the majority of its revenues and dedicates most of its R&D initiatives to thoroughly clean mobility components and recycling. Umicore’s overriding goal of sustainable value development is dependent on an ambition to establish, generate and recycle supplies in a way that fulfils its mission: materials for a better life.

Umicore’s industrial and commercial functions as well as R&D pursuits are positioned throughout the entire world to best serve its worldwide shopper foundation. The Group created revenues (excluding metal) of € 2.1 billion (turnover of €13.8 billion) in the initial 50 % of 2022 and at present employs 11,350 folks.

For extra facts, you should stop by www.umicore.com

Company Call:

Paul Guedes
[email protected]
(604) 420-2041

Particular information contained herein may perhaps represent “ahead-seeking information and facts” and “ahead-hunting statements” in the which means of applicable securities legislation. All statements, other than statements of historic reality, are forward-on the lookout statements. Ahead-on the lookout data in this news release incorporates, but is not confined to, statements with regard to: outcomes of the JDA and position of the partnership with Umicore, upcoming initiatives that may well be place into area, the execution of Nano One’s options which are contingent on collaboration, help and awards and the commercialization of Nano One’s know-how and patents. Typically, forward-wanting information and facts can be identified by the use of terminology this sort of as ‘believe’, ‘expect’, ‘anticipate’, ‘plan’, ‘intend’, ‘continue’, ‘estimate’, ‘may’, ‘will’, ‘should’, ‘ongoing’, ‘target’, ‘goal’, ‘potential’ or variations of these words and phrases or statements that specified steps, functions or effects “will” take place. Forward-looking statements are based mostly on the current views and estimates of administration as of the day this sort of statements are created are not, and cannot be, a promise of future final results or functions. Ahead-seeking statements are issue to recognised and not known pitfalls, uncertainties and other components that may induce the real outcomes, stage of activity, efficiency or achievements of Nano One to be materially unique from all those expressed or implied by such forward-hunting statements or ahead-searching information, such as but not limited to: final results of the JDA and position of the partnership with Umicore, potential projects that may well be put into position, the execution of Nano One’s programs which are contingent on these support and awards and the commercialization of Nano One’s technological know-how and patents and other risk variables as discovered in Nano One’s MD&A and its Once-a-year Info Kind dated March 28, 2022, both of those for the calendar year ended December 31, 2021, and in the latest securities filings for the Firms which are out there at www.sedar.com. Even though management of Nano One particular has attempted to recognize vital components that could result in true results to vary materially from those people contained in ahead-seeking statements or forward-searching data, there might be other things that result in final results not to be as predicted, estimated or supposed. There can be no assurance that these kinds of statements will demonstrate to be precise, as true final results and foreseeable future functions could vary materially from these predicted in these statements. Accordingly, viewers need to not put undue reliance on ahead-wanting statements and ahead-looking information and facts. Nano One particular does not undertake any obligation to update any forward-wanting statements or ahead-wanting details that is included by reference herein, other than as expected by relevant securities regulations. Investors should really not area undue reliance on ahead-searching statements.

Resource: Nano One Materials Corp.

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