Score one for Vancouver cleantech firm Nano One Materials (Nano One Stock Quote, Chart TSXV:NNO).
Nano One, which has been perfecting a way to counter the supply strain of lithium that is used in electric car batteries by combining materials at the atomic level instead of the industry standard practice of mechanically melting, grinding and milling materials, has won a powerful ally.
French multinational Saint-Gobain, whose revenue tops 40-billion euros, today announced a Joint Development agreement with Nano One. The pair will work on enhancing high temperature processing of Nano One’s lithium ion battery materials.
“Saint-Gobain has a rich history in innovation and collaboration,” Nano One’s VP of Business Development Ms. Ben Bassat said. “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.”
Saint-Gobain hints that it is looking to become a global leader in the battery space.
“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,” Mr. Natesh Krishnan, Worldwide Commercial Director for Saint-Gobain said. “We look forward to working in close collaboration with Nano One.”