Nano One Materials (TSE:NANO) has released an update.
Nano One Materials Corp. is optimizing its business by concentrating on the production and licensing of lithium iron phosphate (LFP) for lithium-ion batteries. The company aims to fast-track revenue growth by streamlining operations, focusing on product validation, and planning for expansion to meet market demand. Cost control measures include a 20% workforce reduction as part of its strategic commercialization efforts.
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