Nano One Materials (OTCPK:NNOMF) has signed a joint development agreement with German chemical company, BASF for lithium-ion battery materials.
Nano One Materials (OTCPK:NNOMF) produces cathode active materials for lithium-ion battery applications in electric vehicles, energy storage systems, and consumer electronics applications.
As part of the deal, the companies will co-develop a process with reduced by-products for commercial production of next-generation cathode active materials (CAM), based on BASF's HEDTM-family of advanced CAM and using Nano One's patented One-Pot process and metal direct to CAM (M2CAM) technologies.
The multi-phase agreement includes detailed commercialization study for pre-pilot, pilot and scaled up production.