Dear Nano One subscribers,
During these extraordinary times, I would like to thank you for your ongoing support and reassure you that business is going as well as ever at Nano One. We are fueled by a robust treasury, a strong technological position, a business pipeline full of global leaders, and we find ourselves at the forefront of a worldwide shift to clean technology, manufacturing and infrastructure investment.
We have a growing portfolio of valuable patents, deep knowhow and a world class team. This positions us well to address near, mid and long-term battery material opportunities that span consumer, industrial and automotive applications.
The mayhem in the financial markets is certainly very concerning, but Nano One is well funded with over $11M in our treasury and $5M in non-dilutive government support. This provides us with 3+ years of runway and we are well poised to catch again the environmental investment sentiment that gave us such a tremendous tailwind in January and February.
We also have critical strategic partnerships in place with several auto manufacturers including Volkswagen, with Pulead Technology and Saint-Gobain, and world class companies approaching us on a weekly basis. Work is progressing on all fronts with several key efforts at an advanced stage.
The funding partnerships we have in place with Sustainable Development Technology Canada (SDTC) and the Industrial Research Assistance Program (IRAP) are very important and continue to add shareholder and strategic value with non-dilutive support totalling $10M to date.
The public health issues are unprecedented, and we are all acutely aware of the impact on our loved ones, friends and business colleagues, but it is important to know that business at Nano One is largely unaffected by these crises. Partner communications are internet based, our work is hands-on, there is minimal impact from shipping disruptions and the break from travel is actually providing added focus.
Most importantly, we are mindful of employee health and wellness in the workplace, at home and while commuting. While there are no immediate health concerns, we have safety measures in place and we are monitoring public health guidelines closely.
We value your support and we ask for your patience as these tumultuous times play out.
Keep well and best wishes to you and your loved ones,
Sincerely, Dan and the entire Nano One team
