NGen Awards Nano One and Worley $2.8 Million - Seite 2

The One-Pot process combines precursor CAM (pCAM), CAM and CAM coating processes into one holistic process using secure and resilient supply chains while reducing cost, complexity, energy use and environmental footprint. The elimination of wastewater and harmful by-products has the potential to reduce the cost, time and risk of permitting CAM facilities, to enable designs that can be constructed on a wide range of sites and expedite financial decisions and growth potential.

Drawing on its specialized capabilities, experience and knowledgeable team, Chemetics will support Nano One in identifying the best materials of construction, and fabrication methods for key equipment required for the One-Pot process, and in engineering and delivering the technology and its associated equipment.

The project's goal is to integrate both companies' advanced process and equipment knowledge into the CAM manufacturing ecosystem, enabling the joint marketing and sale of equipment in Canada and around the world.

Design specifications will be determined through rigorous reactor studies, analysis and selection of appropriate materials of construction, ensuring compatibility with feedstocks and reagents, as well as operating conditions.

The collaboration between Nano One and Chemetics will add valuable layers of intellectual property protection to the CAM package offering, providing potential customers with greater reliability on equipment performance and competitive differentiation.

Dan Blondal, CEO of Nano One, said "The capital provided by NGen enables companies such as Nano One and Worley to accelerate technology development, commercialization and deployment. We want to thank NGen for their confidence, for their valuable support and for recognizing Nano One's accomplishments, partners and business objectives."

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About Worley

Worley is a global professional services company of energy, chemicals and resources experts. We partner with customers to deliver projects and create value over the life of their assets. We bridge two worlds, moving towards more sustainable energy sources while helping to provide the energy, chemicals and resources needed now. Worley Limited is headquartered in Australia and listed on the Australian Securities Exchange (ASX: WOR).

About Nano One

Nano One Materials Corp. (Nano One) is a clean technology company with a patented, scalable and low carbon intensity industrial process for the low-cost production of high-performance lithium-ion battery cathode materials. With strategic collaborations and partnerships, including automotive OEMs and strategic industry supply chain companies like Sumitomo Metal Mining, BASF, Umicore and Rio Tinto. Nano One's technology is applicable to electric vehicles, energy storage, and consumer electronics, reducing costs and carbon intensity while improving environmental impact. The Company aims to pilot and demonstrate its technology as turn-key production solutions for license, joint venture, and independent production opportunities, leveraging Canadian talent and critical minerals for emerging markets in North America, Europe, and the Indo-Pacific region. Nano One has received funding from SDTC and the Governments of Canada and British Columbia.