NNOMF - Nano One Materials Corp Forms Alliance with Worley Chemetics for Cathode Active Material Production

(NewsDirect)

Nano One Materials Corp COO Alex Holmesjoined Steve Darling from Proactive to announced the company'spartnership with Worley Chemetics through a Strategic AllianceAgreement and a License Agreement. The collaboration aims to jointlydevelop, market, and license a process engineering design package forthe deployment of cathode active material (CAM) production facilitieswithin the lithium-ion battery materials sector. Worley Chemetics,known for its expertise in technology and solutions for specialtychemicals facilities, will play a crucial role in this venture.

Under the Strategic Alliance Agreement,Nano One and Worley will collaborate to develop a comprehensive CAMpackage integrating Nano One's proprietary One-Pot process into amodular process engineering design. This package will encompassintellectual property rights, flow sheets, detailed engineering,operational expertise, and specialized equipment fabrication by WorleyChemetics. The License Agreement governs the sale of CAM packages,including cross-licensing of intellectual property, license fees, andremuneration arrangements over a term of up to 20 years.

The joint effort will result in thecreation of One-Pot enabled CAM packages marketed to customersglobally. These packages will cater to a diverse range of clients inNorth America, Europe, the Indo-Pacific, and other regions, empoweringthem to establish competitive CAM production assets. The initiativealigns with the growing demand for renewable energy storage andelectric vehicles, positioning Nano One Materials Corp and WorleyChemetics at the forefront of innovation in the lithium-ion batterymaterials sector.

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ProactiveUSA

+1 347-449-0879

na-editorial@proactiveinvestors.com

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