Nano One Reports On Testing Of Next Generation Battery Materials

Innovative Process Shows Favourable Capacity, Cycling and Density

VANCOUVER, BC June 17, 2015 / Nano One Materials Corp. ("Nano One" or the "Company") (TSX VENTURE: NNO.V) is pleased to provide an update on current activities and progress towards milestones in its battery materials optimization and piloting.

Nano One is optimizing its process and its materials with the goal of demonstrating long lasting high energy density batteries in 2015 and scalable pilot production of its materials in 2016. Recent innovations to Nano One's process have been developed to augment manufacturing efficiencies. These achievements have led to improved structural properties of the materials with higher densities. Electrochemical analyses of the materials in batteries has been underway at Nano One's Burnaby facility since April and are showing favourable capacity and charging in larger format cells.

Nano One is currently focusing its efforts on a strategically important, next generation cathode material known as lithium manganese rich lithium nickel manganese cobalt oxide (LMR-NMC, see detail below). The current round of battery tests use large format pouch cells that hold approximately 100 mg of LMR-NMC, which are about 40 times larger than previous coin cell tests. These most recent cells have improved cell-to-cell consistency and the materials are showing commercially viable reversible capacity up to 240 mAh/g (milliamp-hours per gram), which is in line with industry targets. Longevity is measured cycle to cycle and Nano One has seen about 0.03% capacity fade per cycle when charging and discharging once per hour. This is up to 10 times longer lasting than benchmarks used by key players in the battery space.

Furthermore, Nano One has recently doubled the density of its battery materials with some samples reaching well over 2 g/cc (grams per cubic centimetre). Higher energy storage per cell is usually associated with higher density materials and could enable further improvements to capacity, efficiency, cost, weight and performance.