Nano One and Worley Sign License and Alliance Agreements to Jointly Develop, Market and Deploy Cathode Plant Design

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VANCOUVER, BC / ACCESSWIRE / May 2, 2024 / (TSX:NANO)(OTC PINK:NNOMF)(Frankfurt:LBMB)

Highlights:

  • Strategic Alliance Agreement and License Agreement with Worley, a global engineering leader in sustainability solutions.

  • Strategic Alliance Agreement to develop, market, and deploy One-Pot enabled cathode plant design.

  • License Agreement to govern licensing, fees and other remuneration to both parties.

  • Design-once-build-many growth strategy to accelerate deployment of One-Pot LFP and other cathode chemistries.

  • Leverages technology, know-how, credibility and global relationships of both parties.

  • Reduces risk and cost to accelerate project certainty, financial decisions and permitting.

  • Design package to include IP, know-how, flow sheets, engineering and key equipment.

  • Worley to also design and fabricate reactors optimized for the One-Pot process.

Nano One? Materials Corp. ("Nano One") a clean technology company with patented processes for the sustainable production of lithium-ion battery cathode active materials (CAM), and Worley Chemetics?, a wholly owned Canadian subsidiary of Worley Limited have entered into a Strategic Alliance Agreement and a License Agreement for the purposes of jointly developing, marketing and licensing a process engineering design package for the deployment of cathode active material (CAM) production facilities with potential customers in the lithium-ion battery materials sector. Through Worley Chemetics, Worley offers technology and solutions for sulphuric acid and other specialty chemicals facilities.

"This licensing agreement and global strategic alliance with Worley is another major milestone for Nano One," said Nano One CEO, Dan Blondal. "It adds to the growing confidence of our shareholders, partners, and government stakeholders. It amplifies the value of our One-Pot process and addresses a growing need for a new generation of scalable battery cathode material production technology and clean, diversified supply chains. Worley has a global network of clients, deep engineering knowledge and a track record of designing and building process facilities that can accelerate our design-once-build-many growth strategy. We have found in Worley a collaborative, insightful and visionary team that is just as passionate about changing how the world makes battery materials as we are."

Under the Strategic Alliance Agreement, Nano One and Worley will jointly develop a holistic technology CAM package that incorporates Nano One's proprietary One-Pot process into a modular process engineering design package with intellectual property rights, flow sheets, detailed engineering, the operational know-how of both parties and applicable proprietary equipment. Worley Chemetics? will also design and fabricate One-Pot reactors made with customized metal alloys. The License Agreement oversees the sale of CAM packages, including necessary cross-licensing of intellectual property, license fees and remuneration to both parties over a term of up to 20 years.