Nano One Material Corp and Sumitomo sign collaboration and strategic investment agreement
–News Direct–
Nano One Materials Corp chief operating officer Alex Holmes joined Steve Darling from Proactive to announce a significant strategic equity investment of over $16 million from Sumitomo Metal Mining.
Sumitomo, a renowned player in the field, brings a wealth of expertise, deep knowledge, and extensive experience in the production of various precursor cathode active materials and cathode active materials.
Their primary objective is to enhance the production capacity of cathode materials, marking a significant development for both companies. Holmes emphasized that the collaboration opens the door to a multitude of exciting opportunities. The two companies are poised to jointly explore avenues of business development, with a keen focus on future sales, licensing agreements, par...