Although the technology could apply to a variety of different materials, Nano One has chosen to focus specifically on the cost-effective production of nanostructured cathode materials for lithium-ion batteries. "The battery space is something that everyone recognizes," said Blondal, explaining the company's choice. "Every investor out there knows that we need better batteries. There's a big hockey stick of demand coming up, there's a lot of pent-up demand for improvements to this space, and we think we can address that."
Nano One has already started to receive third-party validation for its process, with testing by Canada's National Research Council validating what Nano One has found in its own labs. The company also has materials test agreements with "some of the really big battery players out there."
"We have started testing battery materials with them and we've got some very good results back … we've come now to the next stage where we're starting to make improvements to the material to meet their specifications," Blondal said.
The CEO also spoke about how Nano One's process works, how he sees it bringing cost reductions for energy storage and how Nano One's partner NORAM is progressing with the conceptual design of a commercial plant. Blondal anticipates that Nano One will have a pilot facility up and running by 2016, producing 10 to 20 kilograms of material per day. Watch the video above for more of what Blondal had to say.
Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Related reading:Chris Berry: 'Production Costs are the Name of the Game'
Critical Metals Trends: Bullish on Cobalt
John Kaiser on Diamonds: Stock Picks, Synthetics and Prices
Why Frank Holmes Loves Royalty CompaniesLouis James' Canvest 2015 Stock Picks