The CEO of Nano One Materials Corp., Mr. Dan Blondal announced that Nano One has entered into a Joint Development Agreement with Pulead Technology Industry. This is Nano One’s second Joint Development Agreement and the objective is to develop, evaluate and optimize scaled up production of Pulead’s lithium iron phosphate (LFP) cathode materials using Nano One’s technology, for use in lithium ion batteries. Licensing and commercialization opportunities will also be explored as part of the collaboration. LFP is the safest and lowest cost cathode material for lithium ion batteries because it is highly durable and does not contain supply constrained cobalt or nickel. A number of leading battery analysts1 believe that LFP market share will remain significant and that demand for LFP will continue to grow in 2020 and beyond, as incentives programs evolve and safety becomes increasingly important. Furthermore, cost reductions could significantly increase the demand for LFP as it becomes a cathode of choice for ESS (energy storage systems), as it replaces lead-acid batteries and as it expands its foothold in the electrification of transportation.