» Nouveau Monde commissions its advanced R&D facility at its
premises in Saint-Michel-des-Saints
» The new laboratory will provide Nouveau Monde with the
in-house capacity for testing advanced anode material and providing
customized specifications to battery and EV manufacturers
» Nouveau Monde has recruited two additional leading scientists,
expanding its R&D and technical team to 25 professionals –
including six PhDs and 18 engineers
» Nouveau Monde formed a Scientific Advisory Committee to
advance and expand its research portfolio and capabilities
» Nouveau Monde’s proprietary technologies and R&D program
is a critical competitive advantage, as it furthers the
qualification process of its anode material with the world’s
leading end-users for lithium-ion batteries
Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”)
(NYSE: NMG, TSXV: NOU) is completing the commissioning of its
state-of-the-art laboratory at its demonstration plant, an addition
to the Company’s existing quality testing facilities. This
expansion is triggered by Nouveau Monde’s commitment to catering to
the market’s requirements for high-performing and environmentally
responsible battery materials that can be tailored to a variety of
specifications for electric vehicles (“EV”) and energy storage
usage.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20211005005488/en/
M.V. Reddy, PhD, Senior Professional
Researcher, Martin Brassard, PhD, R&D Director, and Neel Rahem,
Laboratory Manager, work in Nouveau Monde’s new lab facilities.
(Photo: Business Wire)
As applications diversify, technology is a critical driver in
battery material engineering and manufacturing. Nouveau Monde’s
dedicated new lab facilities provide in-house capacity,
flexibility, and speediness in testing advanced materials and
specifications for potential customers. The new lab facilities
comprise ultramodern equipment covering a range of technical
measurements, namely particle size, tapped density, coin cell
cycling with full coin cell preparation equipment, ICP trace
element analysis, BET specific surface area as well as particle
morphology, coating quality and impurity analysis by SEM-EDX, in
support to the Company’s phase-1 anode material production.
The Company has also recruited two leading talents, Mr.
Mogalahalli V. Venkatashamy Reddy, PhD (Dr. M.V. Reddy) and Mr.
Neel Rahem, to complement its strong internal technical team
consisting of six Doctorate (“PhD”) recipients, three Master of
Science (“MSc”) holders, and 18 engineers with previous hands-on
experience with leading graphite operators including Imerys, SGL
Group and BTR New Material and specialists in the fields of
lithium-ion batteries (“LiB”), carbon materials, bi-polar plates,
electrochemistry, and engineered advanced materials.
Arne H Frandsen, Chairman of Nouveau Monde, commented:
“Today’s investment in R&D is tomorrow’s competitive advantage
in the marketplace. We continue our confidential and proprietary
development efforts with a view to supporting the world’s leading
lithium-ion battery makers and intend to continue investing in
cutting-edge technology with the support of best-in-class
scientists and engineers. Nouveau Monde’s mission is to engineer
graphite-based advanced solutions to power a decarbonized
future.”
Nouveau Monde is actively developing advanced materials to
remain at the forefront of industry trends and offer some of the
highest performing and most environmentally friendly lithium-ion
battery anode material portfolio on the market. Among the
technological breakthroughs to date, the Company’s R&D team has
designed advanced graphite-based solutions where the interaction
between graphite and silicon is optimized and submitted a patent
application for its proprietary green thermochemical purification
technology.
Eric Desaulniers, Founder, President, and CEO of Nouveau
Monde, added: “EV and battery manufacturers are seeking
advanced solutions that provide the ideal combination of quality,
performance, cost, weight, carbon footprint, material interaction,
and countless other factors. In-house R&D capability represents
an advantage in catering to our potential customers’ requirements
while continuing to advance our products portfolio for the growing
battery supply chain industry. At the forefront of technology
advancements, Nouveau Monde is positioning itself as more than a
graphite producer; we are one of the Western World’s leading
advanced battery material developers striving to deliver the
greenest graphite-based solutions.”
Enhanced In-House R&D Expertise
Counting over 20 years of experience in battery technology and
having contributed to more than 220 scientific articles on
electrode and electrolyte materials for lithium-ion batteries,
which have been cited numerous times in other publications, Mr.
M.V. Reddy, PhD is joining the Company as Senior Professional
Researcher to advance Nouveau Monde’s product portfolio.
Reddy obtained his PhD in materials science with the highest
honors from the University of Bordeaux, France (2003) and an MSc in
chemistry (electrochemistry) from Bangalore University, India
(1995). For the past two decades, Reddy has studied LiB materials
(anodes, cathodes, supercapacitors, and solid electrolytes), fuel
cells, nanotechnology, recycling and battery materials recovery,
powder metallurgy and materials for CO2 sequestration, other
various material characterization techniques, spectroscopy, and
electroanalytical techniques, as well as additional research
activities. He has worked as a Senior Researcher at Hydro-Québec’s
research institute, the Centre of Excellence in Transportation
Electrification and Energy Storage (“CETEES”), and at the National
University of Singapore’s Department of Materials Science &
Engineering, Advanced Batteries Lab and Department of Physics.
Reddy authored a landmark paper on electrode materials for
lithium-ion batteries and their reaction mechanisms, received
international honors, served as an editorial advisory board member
for scientific publications, lectured at numerous international
conferences and workshops, acted as an expert referee for various
international academic battery proposals and collaborated across
the energy storage industry.
To complement Nouveau Monde’s R&D team, Mr. Neel Rahem is
also joining the Company as Laboratory Manager. A chemist
specialized in metallurgy, process chemistry and quality programs,
Rahem holds a M.Sc. in chemistry from UQAM (2010) and a Master M1
in chemistry-physics from Université de Haute-Alsace (2007). Prior
to working at Nouveau Monde, Rahem looked after lab activities for
Canadian Royalties, Minerai de Fer Québec, and Glencore.
In his new functions, Rahem will operationalize the Company’s
new lab facilities and supervise the existing team of technicians
in minerallurgy and analytical chemistry.
Eric Desaulniers, Founder, President, and CEO of Nouveau
Monde, concluded: “We are delighted to welcome M.V. Reddy and
Neel to the team as we advance our beneficiation operations. Their
expertise will help further enhance our processes and product
specs.”
Nouveau Monde has embedded innovation in its business approach
through capital human investments, infrastructure and collaboration
with world-class research institutes and universities to refine
anode material production and develop new applications. Research
partners include the Centre de transfert technologique en écologie
industrielle, the Centre National en électrochimie et en
Technologies Environnementales, the CETEES, the Centre
technologique des résidus industriels, the National Research
Council of Canada, the INRS-Énergie, Matériaux et
Télécommunications, McGill University, Université de Sherbrooke,
Université Laval, Hydrogen Research Institute, Université du Québec
en Abitibi-Témiscamingue, and Innofibre.
About Nouveau Monde
Nouveau Monde is striving to become a key contributor to the
sustainable energy revolution. The Company is working towards
developing a fully integrated source of carbon-neutral battery
anode material in Québec, Canada for the growing lithium-ion and
fuel cell markets. With low-cost operations and enviable ESG
standards, Nouveau Monde aspires to become a strategic supplier to
the world’s leading battery and automobile manufacturers, providing
high-performing and reliable advanced materials while promoting
sustainability and supply chain traceability. www.NMG.com
Subscribe to our news feed: https://NMG.com/investors/#news
Cautionary Note Regarding Forward-Looking Information
All statements, other than statements of historical fact,
contained in this press release including, but not limited to those
describing the drivers of the battery industry and the Company’s
performance and sustainability, the new lab facilities and their
functions and uses, the research portfolio’s expansion through
recent hires and the creation of a scientific advisory committee,
the Company’s commitments, objectives and goals relating to its
performance and its green initiatives, the industry trends, the
development of graphite-based advanced solutions and other
applications, the growth of the battery supply chain industry, ,
and those statements which are discussed under the “About Nouveau
Monde” paragraph and elsewhere in the press release which
essentially describe the Company’s outlook and objectives,
constitute “forward-looking information” or “forward-looking
statements” within the meaning of certain securities laws, and are
based on expectations, estimates and projections as of the time of
this press release. Forward-looking statements are necessarily
based upon a number of estimates and assumptions that, while
considered reasonable by the Company as of the time of such
statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. These
estimates and assumptions may prove to be incorrect. Moreover,
these forward-looking statements were based upon various underlying
factors and assumptions, including the current technological
trends, the business relationship between the Company and its
stakeholders, the ability to operate in a safe and effective
manner, the timely delivery and installation of the equipment
supporting the production, the Company’s business prospects and
opportunities and estimates of the operational performance of the
equipment, and are not guarantees of future performance.
Forward-looking information and statements are subject to known
or unknown risks and uncertainties that may cause actual results to
differ materially from those anticipated or implied in the
forward-looking information and statements. Risk factors that could
cause actual results or events to differ materially from current
expectations include, among others, delays in the scheduled
delivery times of the equipment, the ability of the Company to
successfully implement its strategic initiatives and whether such
strategic initiatives will yield the expected benefits, the
availability of financing or financing on favourable terms for the
Company, the dependence on commodity prices, the impact of
inflation on costs, the risks of obtaining the necessary permits,
the operating performance of the Company’s assets and businesses,
competitive factors in the graphite mining and production industry,
changes in laws and regulations affecting the Company’s businesses,
political and social acceptability risk, environmental regulation
risk, currency and exchange rate risk, technological developments,
the impacts of the global COVID-19 pandemic and the governments’
responses thereto, and general economic conditions, as well as
earnings, capital expenditure, cash flow and capital structure
risks and general business risks. Unpredictable or unknown factors
not discussed in this Cautionary Note could also have material
adverse effects on forward-looking statements.
Many of these uncertainties and contingencies can directly or
indirectly affect, and could cause, actual results to differ
materially from those expressed or implied in any forward-looking
statements. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Forward-looking statements are provided for the purpose
of providing information about management’s expectations and plans
relating to the future. The Company disclaims any intention or
obligation to update or revise any forward-looking statements or to
explain any material difference between subsequent actual events
and such forward-looking statements, except to the extent required
by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Further information regarding the Company is available in the
SEDAR database (www.sedar.com), and
for United States readers on EDGAR (www.sec.gov), and on the Company’s website at:
www.NMG.com
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version on businesswire.com: https://www.businesswire.com/news/home/20211005005488/en/
Julie Paquet VP Communications & ESG Strategy
+1-450-757-8905 #140 jpaquet@nmg.com
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