NEO Battery Materials to Conduct Additional Optimized Evaluations with Global Battery Manufacturers & EV Automakers and Files Two Key Silicon Anode Patents
11 Mayo 2023 - 8:00AM
(
TSXV:
NBM) (
OTCQB: NBMFF)
- Signed Over 10
NDAs that Include Global-Tier Battery Cell Manufacturers and EV
Automakers through Interest in Uniform Nanocoating Capability
- To Conduct
Additional Product Evaluation with Optimized Silicon Anodes in
Larger Battery Cell Formats
- Two Patents
Filed Regarding Silicon Anode Material Properties and Manufacturing
Processes
- Targeting to
Retain 15 Patents Issued and Pending by the End of Year
- Successful
Business Excursion to Ohio and New York City by Establishing
Relationships with Governmental Organizations and Financial
Institutions
NEO Battery Materials Ltd.
(“NEO” or the
“Company”),
a low-cost silicon anode materials developer that enables
longer-running, rapid-charging lithium-ion batteries, is pleased to
announce that the Company will conduct additional product
evaluation with global battery manufacturers and EV automakers
after garnering substantial interest from the uniform nanocoating
capability. Two additional patents related to material properties
and manufacturing have been filed, targeting an IP portfolio of 15
by the end of the year.
Additional Product Evaluation with
Global Battery Manufacturers & EV AutomakersFor the
past month, NEO Battery Materials has signed over 10 NDAs with
global-tier companies, including battery cell manufacturers, EV
automakers, electronics manufacturers, and Asia-Pacific
conglomerates. NDA partners have formed and expressed considerable
interest in NBMSiDE™ or NEO’s silicon anode materials’ uniform
nanocoating capabilities and low-cost characteristics. Downstream
users have been particularly attracted to NEO’s high energy
capacity, communicating the potential for application in all
battery systems, electronics, and aviation.
Accordingly, NEO will undertake additional
optimized product evaluation with these NDA parties. Existing
evaluations with global battery manufacturers and industry players
have reinforced the commercial viability and benefits of NBMSiDE™,
and larger-scale battery cell testing with optimized conditions is
being conducted with several partners.
7th
& 8th Patent Filed
for Silicon Anode Materials & Manufacturing
ProcessFollowing last month’s patent application, the
Company has submitted two additional patents related to the
material properties and manufacturing of NBMSiDE™. NEO Battery
Materials is targeting 15 patents issued and pending by the end of
the year to form an extensive and robust IP portfolio. Currently,
three patents have been issued, and five patents are pending for
issuance in various jurisdictions.
Dr. Basudev Swain, CSO of NEO, commented, “As we
have communicated, our team is committed to protecting and
strengthening NEO’s silicon anode materials. We are strategically
balancing innovations, trade secrets, and patent protection during
optimization and testing to position the Company in its
commercialization process better.”
Ohio & New York City Business
Excursion HighlightsManagement has visited Cincinnati,
Ohio, and New York City in the past week to expand NEO’s business
footprint into the United States. After conducting site visits and
forming relationships with governmental organizations such as REDI
Cincinnati, the Company will expedite U.S. operations through an
initial R&D facility with subsequent commercial plants. NEO has
also established several relationships with institutional investors
and investment banks to secure strategic investments for the
Company’s expansion and commercialization plans.
About NEO Battery Materials
Ltd.NEO Battery Materials Ltd.
is a Vancouver-based company focused on electric vehicle
lithium-ion battery materials. NEO has a focus on producing silicon
anode materials through its proprietary single-step nanocoating
process, which provides improvements in capacity and
efficiency over lithium-ion batteries using graphite in their anode
materials. The Company intends to become a silicon anode active
materials supplier to the electric vehicle industry. For more
information, please visit the Company’s website at:
https://www.neobatterymaterials.com/.
On behalf of the Board of DirectorsSpencer
HuhPresident and CEO604-355-6463shuh@neobatterymaterials.com
This news release includes certain
forward-looking statements as well as management's objectives,
strategies, beliefs and intentions. Forward looking statements are
frequently identified by such words as "may", "will", "plan",
"expect", "anticipate", "estimate", "intend" and similar words
referring to future events and results. Forward-looking statements
are based on the current opinions and expectations of management.
All forward-looking information is inherently uncertain and subject
to a variety of assumptions, risks and uncertainties, including the
speculative nature of mineral exploration and development,
fluctuating commodity prices, the effectiveness and feasibility of
technologies which have not yet been tested or proven on a
commercial scale, competitive risks and the availability of
financing, as described in more detail in our recent securities
filings available at www.sedar.com. Actual events or results may
differ materially from those projected in the forward-looking
statements and we caution against placing undue reliance thereon.
We assume no obligation to revise or update these forward-looking
statements except as required by applicable law.
Neither 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.
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