Nano One Expands Patent Portfolio in Asia

Nano One Materials has just broadened its intellectual property holdings with the acquisition of four notices of allowance in major markets in Asia, which is a very important milestone in the expansion of its patents. The latest enlistments have led to an increase in the technology company patent to 40, while an extra 55 patents still await approval, thus, staying true to its leadership reputation in battery technology invention.

Nano One's core innovations is the revolutionary advancement in One-Pot process, which is a technique that produces lithium-ion battery cathode materials. This process, in operation at Nano One's facilities in Candiac, Quebec, has the immense advantage of simplifying the production and lowering the costs of production, complexity, energy consumption as well as the negative environmental impact.

The situation that Nano One is facing in terms of expanding its patent is more than perfect as the world shifting process to electrification gains a speed. According to analysts, the lithium iron phosphate battery market will experience a strong upward trajectory with an estimate of US$48 billion valuation by 2035. Also, the electric car manufacturers are expected to generate an amount of US$ 340 billion until the next half decade and the sector will see a tremendous growth as the CAGR is 10.07 percent.

In particular, the fact that governmental initiatives aimed at achieving net-zero emissions by 2050, like that of Canada which is committed to phasing out sales of new gasoline or diesel powered vehicles by 2035, are most likely to lead to this rising trend and may even speed it up, will likely contribute to Nano One's growth and putting it on the path of gaining a solid position.