Nanoramic Ribbon-Cutting Marks Official Opening of New Headquarters in Woburn, Massachusetts

Nanoramic's state-of-the-art laboratory, manufacturing, and office spaces represent a significant milestone in the company's growth as a leader in the battery industry. The new headquarters provides the Company with proximity to exceptional talent and renowned industry peers in a growing cleantech ecosystem in Massachusetts. The event included representatives from the City of Woburn's Economic Development department and key partners including Cushman & Wakefield, Cummings, and Nanoramic investors and board members.

Nanoramic Chief Executive Officer and Founder, John Cooley, underscored the Company's commitment to innovation in the State of Massachusetts and delivering the future of batteries, "The opening of our new Headquarters in Woburn marks a pivotal moment for our company. The energy and enthusiasm of our staff are the lifeblood of our company, and this facility is designed to empower them with the space, tools, and environment needed to collaborate and innovate. Having successfully validated our products and begun commercial shipments from this new location, we are now entering the next phase of our growth, focused on ramping production to support global customer adoption. This facility is key to achieving our goals of revolutionizing energy storage production and delivering sustainable, lower-cost, and higher-performance products to the end customer. We are deeply grateful for the support of our team, our partners, and the Woburn community."

Woburn Mayor Michael P. Concannon said, "We are thrilled to welcome Nanoramic to Woburn. Their cutting-edge work in sustainable energy and advanced battery technology perfectly complements the growing climate tech ecosystem here in our city. Woburn continues to be a place where innovation thrives, and we're proud that companies like Nanoramic see the value in our community, our infrastructure, and our vision for the future. We look forward to supporting their continued success right here in Woburn."

"We're thrilled that Nanoramic selected 10 Commerce Way for its expansion and new headquarters," said Eric Anderson, president of Cummings Properties. "The facility's existing clean rooms made it an ideal fit for Nanoramic's advances in electrode technology. With a strong base of companies in battery tech, clean energy, and decarbonization, Woburn continues to lead the region as an industry hub."

David Thomann, Managing Director at Cushman & Wakefield said, "It has been an incredible experience collaborating with the Nanoramic team over the years. Their new headquarters presented a unique opportunity—leveraging existing building infrastructure in a way that aligns seamlessly with their forward-thinking vision. It's both humbling and inspiring to see how a space can not only support the development of cutting-edge technologies but also play a strategic role in attracting top-tier talent. After all, the true value of any facility lies in the people who bring it to life."

"Nanoramic possesses a unique technology that has the potential to impact multiple energy storage applications through lower cost, higher performance, or reduced environmental impact. The company has demonstrated both the technical capabilities and business vision to drive adoption of new battery materials, and we are excited to support the next phase of Nanoramic's growth," said Robert Ashcraft, Investment Director at Samsung Ventures.

The new headquarters provides cutting-edge capabilities over 40,000 SF of space, allowing the Company to accelerate innovation and support customers' needs and growing global demand for Neocarbonix. The facility is equipped with multiple dry rooms for future engineering and manufacturing expansion. In the past quarter, Nanoramic began commercial shipments of its Neocarbonix products from the new facility, marking the next stage of the business after validating their value to customers and the battery industry. Nanoramic's Neocarbonix product drops into existing battery manufacturing and revolutionizes the way that energy storage products are produced by enabling PFAS ("forever chemical")-free and NMP-free lithium-ion batteries. The result is batteries with far-reaching improvements in cost, energy density, power, fast charging, worker safety, manufacturing energy consumption, and supply chain security.

Now, the Company is focused on ramping up production and supporting its customers to adopt Neocarbonix on their manufacturing lines across the world. As the Nanoramic team settles into its new home in Woburn, the Company remains committed to shaping a sustainable energy future.

About Nanoramic, Inc.

Founded in 2009 out of MIT, Nanoramic, Inc. is an industry-leading energy storage and advanced materials company that has developed an innovative product, Neocarbonix^®. Nanoramic is commercializing Neocarbonix^® to transform energy storage for all battery applications: increasing energy density and longevity, while reducing costs and improving sustainability. Nanoramic works with some of the world's largest automakers, consumer electronics companies, and battery manufacturers to develop and commercialize batteries made with Neocarbonix^®. Nanoramic, Inc. is the exclusive designer, manufacturer, and licensor of Neocarbonix^® and Fastcap^® Ultracapacitors. See www.nanoramic.com.

SOURCE Nanoramic, Inc.