Mr. Dan Blondal reports

NANO ONE SIGNS A JOINT DEVELOPMENT AGREEMENT WITH SAINT-GOBAIN

Nano One Materials Corp. has entered into a joint development agreement with Saint-Gobain. The goal of the collaboration is to enhance high-temperature processing of Nano One's lithium-ion battery materials.

Saint-Gobain is a multibillion-euro French multinational corporation, founded in 1665 and producing a wide variety of construction and high performance materials for applications in automotive, aerospace, health and energy. This agreement formalizes innovative efforts that began earlier this year and commercial terms remain confidential.

"Saint-Gobain has a rich history in innovation and collaboration," explained Ben Bassat, Nano One's vice-president of business development, "and we are delighted to be working with a global leader in materials and sustainable solutions. Their materials are complementary to our processing technology and this agreement adds to our current efforts with other strategic interests in the lithium-ion battery supply chain."

Nano One's lithium-ion powders are made using a patented process that blends lithium and other metals such as manganese, nickel, cobalt, aluminum and iron, prior to high-temperature processing in a furnace. The two companies will work in collaboration, under the joint development agreement, to enhance the performance of their respective materials.

Saint-Gobain will also be joining Nano One's demonstration pilot project, as a consortium member with the support of the government of Canada through Sustainable Development Technology Canada.

Natesh Krishnan, worldwide commercial director, said: "Innovation for a sustainable future is at the core of both companies and our combined know-how has the potential to put us at the forefront of transformative energy storage solutions. We look forward to working in close collaboration with Nano One."

About Nano One Materials Corp.

Nano One Materials has developed patented technology for the low-cost production of high performance lithium-ion battery cathode materials used in electric vehicles, energy storage and consumer electronics. The processing technology addresses fundamental supply chain constraints by enabling wider raw materials specifications for use in lithium-ion batteries. The process can be configured for the full range of cathode materials and has the flexibility to shift with emerging and future battery market trends.

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