NANO - Nano One announces OEM client validates company LFP with large scale evaluations

(NewsDirect)

Nano One Materials Corp CEO Dan Blondaljoined Steve Darling from Proactive to share significant updatesregarding the company's progress in the lithium iron phosphate(LFP) market. Nano One has confirmed orders for approximately 1.3tonnes of LFP samples, which are being supplied to key collaboratorsfor commercial evaluation purposes. Approximately 30% of these sampleshave already been shipped. These LFP samples were produced using NanoOne's One-Pot LFP pilot facilities, which are located in Candiac,Québec.

The successful productionof LFP at a pilot scale demonstrates the company's ability toscale up its manufacturing processes efficiently and effectively,reducing risks associated with commercial production. Blondal alsohighlighted that Nano One has garnered interest from additionalcollaborators in various sectors, including automotive, energy storagesystems (ESS), defense, and industrial applications. Thesecollaborators are currently testing and validating Nano One's LFPpilot materials as part of the process to secure offtake agreements.

The company is strategically addressing a diverse LFP marketand establishing multiple client relationships to meet its growthobjectives and cater to the evolving needs of different sectors. NanoOne's target markets span North America, Europe, and theIndo-Pacific region, collectively representing a substantialaddressable LFP market opportunity estimated to reach $48 billion by2035.

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