ADVEN INCORPORATED
Technology Development
From our roots as a research and development start-up, to our leading-edge Advanced Super Activated Carbon (ASAC) manufacturing facility, AdvEn is aiming towards a leadership position in technology innovation and is now emerging as a commercial company with product offerings for the next generation of electric power storage and environmental stewardship.
ASAC
ASAC was designed to be used in a range of commercial applications, including supercapacitors, harsh environment filtration, and even life-saving healthcare such as chronic kidney disease. Our ASAC process can provide the much-needed technology breakthrough for the global “tired” activated carbon industry. For example, our process was created to produce higher surface areas from small, high-volume micropores, resulting in significantly increased energy storage and rapid charge/discharge cycles.
ESAC
When combined with our ASAC and other carbon precursor material, ESAC is considered a virtual powerhouse for the energy storage industry, providing the complete supply chain under the same roof from raw materials to energy storage devices. We’re proud of this game-changing product.
Product Development
We have a robust pipeline of new products.
Contact us to find out more.
MILESTONES
AdvEn Industries Inc. was incorporated under the ABCA
AdvEn completed a proof of concept for its ASAC technology
AdvEn launched ASAC pilot project
- Samples of ASAC were sent to several engineering and technology companies for validation
- Expressions of interest from Bolloré Group, Maxwell Technologies and Supreme Power Solutions Co., Ltd.
AdvEn completed its proof of concept for ESAC and began planning for its patent submission
ASAC Filed Patent for Activated Carbons with High Surface Areas and Methods of Making Same
- Filed in the United States, Canada, China, multiple jurisdictions within Europe, UAE, Bahrain, Qatar, Oman, Saudi Arabia, Kuwait, India, Mexico, Japan and Korea.
AdvEn Filed patents for Conductive-Flake Strengthened, Polymer Stabilized Electrode Composition and Method of Preparing
- Patent was filed in the United States, Canada, China, multiple jurisdictions within Europe, India, Japan, Korea, and under the Patent Cooperation Treaty (“PCT”).
AdvEn completed pilot trials using multiple sources of asphaltene feedstocks (refinery by-products), plastic waste and biochar as raw materials
AdvEn initiated and successfully completed pilot trials using 100% LC Fining residues
- LC Fining residues are the residual residues that are deemed insoluble after the LC Fining process used by most oil refineries.
AdvEn began design and optimization for a commercial scale ASAC manufacturing facility and began exploring financing sources
AdvEn successfully completed laboratory fabrication of ESAC film
- ESAC film was fabricated with a labtested tensile strength of 2.5 MPa and assembled our first electrodes (cathodes and anodes) for use in super capacitors and lithium ion batteries.
AdvEn secured $2 million in funding from a private investor reaching a total of $6.02 million
- This capital was used to finance the research, development, patents and pilot projects to date.
AdvEn entered into an agreement with SDTC for up to $3.85 million in federal government grants for the ASAC capital project
- The grant was updated on March 29, 2021 with an increase of $193,000 for COVID relief for an updated total grant of $4.04 million.
AdvEn entered into a lease agreement for a 10-year lease of our 36,000 sq. ft. premises
AdvEn entered into an Investment Agreement with Alberta Innovates for up to $3.6 million in grant funding and subsequently broke ground on the Plant
AdvEn Industries undertook a share exchange with AdvEn Inc. (formerly Nano Innovations Inc. or “Nano”)
- The transaction is accounted for using the purchase method of accounting and was a recapitalization of AdvEn Industry’s capital structure. This resulted in Nano being the legal acquirer of AdvEn Industries.
AdvEn secured an additional $3.29 million under the bridge note structure
- The bridge note structure was used for the Plant capital project, working capital and general corporate purposes.
AdvEn filed for a trademark in Canada and the United States for the wordmark “AdvEn”
Nano Innovations subsequently undertook a name change to AdvEn Inc.
- AdvEn commuted the company from the jurisdiction of British Columbia to Alberta, Canada, and adopted new bylaws that materially conform to both the Alberta Corporations act and Nasdaq governance requirements for quorum.
