Nano One awarded it’s tenth patent for driving future battery solutions
Cathode materials can account for about a quarter of the cost of a typical battery cell and have great potential to improve battery performance and lower cost. This means improving cathode manufacturing can reduce the cost of raw material inputs and processing while boosting capacity, charge, and cycling. Cathode materials are found in the lithium ion batteries that power consumer electronics, electric vehicles, and energy storage.
The global cathode materials market is expected to grow at a CAGR of 14.0% from 2018 to 2023. Forecasts suggest it will reach as high as US$22b by 2023.
Nano One Materials Corp. (TSXV: NNO) believes that cost effective production of nano-structured cathode materials can address pent-up global demand for better batteries. The chart below highlights Nano One’s strategy to improve the cost and performance of the cathode. Nano One would then partner, licence, or JV with automotive and battery suppliers. Nano One estimates that there is a potential $100-500M/yr royalty opportunity.
Nano One’s strategy with cathodes for lithium-ion batteries
Nano One’s tenth patent
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On November 13, 2018 CEO Dan Blondal announced that the U.S. Patent and Trademark Office (“USPTO”) has issued a notice of allowance for a patent application made in 2017. This will be Nano One’s tenth patent and is directed to improved methods of producing lithium ion cathode materials. Issuance is expected by early 2019.
CEO Dan Blondal continued: “This patent relates to the methods we have developed for scaled up production of lithium ion battery cathode materials. It reinforces our patenting strategy and positions us well in a fast paced market as we evaluate our technology with strategic interests in the battery supply chain.”
Nano One’s processing technology is flexible and applies across most battery types including lithium iron phosphate, lithium nickel manganese cobalt, and lithium manganese nickel batteries. Nano One continues to innovate using their proprietary patented nano-technology.
Nano One announced on August 15 the launch of a project focused on improving the durability of lithium ion cathode materials. This is with the support of the National Research Council of Canada Industrial Research Assistance Program. The very next month the Company followed up with news with an announcement that its Lithium Iron Phosphate (LFP) cathode material and the cost of making it were outperforming global benchmarks.
Award Winning Chairman Mr. Paul Matysek recently said: “I have made a career of providing the necessary inputs in support of the electric vehicle revolution. I am more confident than ever that Nano One’s management, scientific team, and ground-breaking technology will be integral in the development of future battery solutions.”
The battery transport and energy revolution is coming fast and is very open to disruptive new technologies that can improve battery cost and performance. This is where companies like Nano One are leaders. By improving cathodes Nano One is at the forefront to benefit from the coming wave of electric vehicles and all things battery related.
Matthew Bohlsen holds a Graduate Diploma in Applied Finance and Investment (similar to CFA), and a Graduate Diploma in Financial Planning. He has 30 years ... <Read more about Matthew Bohlsen>