Nano One Materials (CVE:NNO) (OTCMKTS:NNOMF) reached another milestone on Tuesday, as the firm told investors its technology had been awarded a sixth patent in the US, bringing the total to 13 around the world.
The firm has developed a process for producing low-cost, high performance lithium ion battery cathode materials used in electric vehicles, energy storage and consumer electronics.
The method combines materials at the atomic level instead of the industry standard, which involves mechanically melting, grinding and milling material.
READ THE DEEP DIVE: Nano One wants to be the power behind low-cost, high-performance battery materials
"Nano One's patent portfolio includes intellectual property protection in China, Taiwan, Japan, Korea, US and Canada," the company said.
"We are continually innovating and file for patent protection, covering processes, materials and batteries with many patents still pending globally, including Europe. As interest in electrode technologies escalates globally, we are well positioned to execute our business and intellectual property strategies."
Nano One is also using its intellectual property to pursue lithium nickel manganese cobalt oxide (NMC) for long-range electric vehicles and high voltage spinel (HVS) for next generation solid state lithium ion batteries.
Shares added 2.31% to stand at $1.33 in Toronto.
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