VANCOUVER, British Columbia, Aug. 10, 2020 (GLOBE NEWSWIRE) -- (TSX-V: NNO) (OTC-Nasdaq Intl Designation: NNOMF) (Frankfurt: LBMB). Mr. Dan Blondal, CEO of Nano One, is pleased to announce that Nano One has entered into a Joint Development Agreement (JDA) with a multi-billion-dollar Asian cathode material producer. This producer, based outside of China, wishes to remain unnamed at present due to the highly competitive state of the lithium ion battery supply chain. The JDA completely aligns with Nano One's mission of developing, demonstrating, and licensing of its high-performance lithium ion battery cathode material technology. "We are thrilled to be working with a highly respected cathode producer who shares Nano One's vision to develop and launch a disruptive cathode business," said Mr. Blondal.