(
TSXV:
NBM) (
OTCQB: NBMFF)
- High Demand
& Request from Global Battery Cell Manufacturers & EV
Automakers for Solid-State Battery Compatible Silicon Anodes
- Forms
Solid-State Battery R&D Task Force for Integration of Silicon
Anodes into Solid-State Batteries
- Secures Top
Battery Professional Talent for Solid-State Battery Research
- To Launch New
Silicon Anode Product Line with Task Force
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 high demand from global battery cell
manufacturers and EV automakers to integrate NEO’s silicon anode
materials, NBMSiDE™, into solid-state batteries
(“SSB”) have led to the formation of the
Solid-State Battery R&D Task Force.
NEO has retained exceptional scientific advisors
specializing in solid-state battery research, and the Company will
continue to add to the talent pool to expand development capacity.
NBMSiDE™ compatibility testing will commence with various
solid-state electrolyte materials through research projects with
the SSB R&D Task Force advisors.
SSB-powered EVs have the potential to increase
the energy density by 2 to 2.5 times, and downstream manufacturers
have recognized NBMSiDE™ may demonstrate this required performance
target due to a 70 to 80% higher initial energy capacity compared
to current technologies. Accordingly, the Company seeks to launch
an SSB-compatible NBMSiDE™ product line with the SSB R&D Task
Force.
Dr. Dongmok Whang Promoted to Lead
Scientific Advisor of Scientific Advisory BoardAppointed
as a Scientific Advisor in November 2021, Dr. Dongmok Whang has
been promoted as the Lead Scientific Advisor of the Scientific
Advisory Board. He will oversee the silicon anode integration into
solid-state battery materials and advise on NEO’s holistic research
direction.
Dr. Whang is a distinguished scholar
specializing in an array of functional nanomaterials, which have
wide-ranging applications in lithium-ion batteries, fuel cells, and
diverse energy storage solutions. With a prolific academic
portfolio, he has contributed to ~200 scholarly papers and holds
more than 80 patents. His influential research has garnered over
15,000 citations, underscoring the significant impact of his work
in the field. He is currently a Professor at the School of Advanced
Materials Science & Engineering and Advanced Institute of
Nanotechnology at Sungkyunkwan University.
Dr. Jun Woo Park Appointed as Scientific
Advisor of SSB R&D Task ForceDr. Jun Woo Park is an
expert in the field of electrochemical materials and
next-generation rechargeable batteries. Since 2013, he has been a
Principal Researcher at the Battery Research Division of the Korea
Electrotechnology Research Institute (KERI). During his tenure, Dr.
Park has committed to several high-impact research including
sulfur-based solid-state electrolytes, cost-effective fabrication
of all-solid-state batteries, and redox flow batteries. He owns
over 50 exceptional research papers and holds more than 100
patents. In 2022, Dr. Park was honored with the Minister of Science
and ICT Award from the Ministry of Science and ICT, and in 2021, he
received the Minister of Trade, Industry, and Energy Award from the
Ministry of Trade, Industry, and Energy. He received 2 billion won
in technology royalties based on his research achievements.
In addition, Dr. Park is an Associate Professor
in the Department of Electronic Functional Materials Engineering at
the University of Science and Technology (UST) and is a committee
member of the Industry Technology Evaluation group at the South
Korean Ministry of Trade, Industry, and Energy. He also serves as a
committee member at the Korea Technology and Information Promotion
Agency for SMEs. Furthermore, Dr. Park holds a position on the
Editorial Board of the Korea Battery Society (KOBS). He earned his
Master's and Ph.D. degrees under the guidance of Professor
Masayoshi Watanabe at Yokohama National University, Japan, as a
recipient of the prestigious Monbukagakusho (MEXT) Scholarship.
Dr. Hee-Dae Lim Appointed as Scientific
Advisor of SSB R&D Task ForceDr. Hee-Dae Lim is a
devoted researcher primarily focusing on the development of
next-generation batteries with an emphasis on ceramic and carbon
materials. Creating novel materials and conducting process research
for commercialization, he specializes in electrode and active
material technologies for energy storage devices, SSBs, and
multivalent-ion batteries. Engaging in collaborative efforts with
local companies and institutions, Dr. Lim actively contributes to
the advancement of battery technology.
Possessing an impressive publication record, he
has published over 80 SCI papers with more than 40 patents related
to next-generation battery technologies. Currently, Dr. Lim has
been an Associate Professor of Chemical Engineering at Hanyang
University. He obtained his Ph.D. from Seoul National University in
2016 and served as a Postdoctoral Researcher at the University of
California, San Diego (UCSD). He furthered his expertise as a
Senior Researcher at the Korea Institute of Science and Technology
(KIST).
Dr. Jiwoong Bae Appointed as Scientific
Advisor of SSB R&D Task ForceDr. Jiwoong Bae
specializes in electrochemical energy devices, focusing on
solid-state batteries and next-generation batteries employing
lithium-metal and silicon anode materials. With an ability to
design high-performance energy systems, his expertise in materials
chemistry enables exceptional results in the synthesis and
selection of suitable materials for energy devices. Including
collaborative research with Dr. John Goodenough, Nobel laureate and
the inventor of the lithium-ion battery, Dr. Bae published numerous
influential papers that advanced the field of SSBs and
lithium-metal anodes.
Dr. Bae has been an Assistant Professor of
Mechanical Engineering at Hanyang University since 2022. He
obtained his Ph.D. from the University of Texas at Austin in 2020
and subsequently served as a Postdoctoral Fellow at the Molecular
Foundry of Lawrence Berkeley National Laboratory (LBNL) from 2021
to 2022. Actively engaged in energy device manufacturing, Dr. Bae
strives to commercialize high-performance batteries, and as vice
chairman of the Green Manufacturing System at KSMTE, Dr. Bae
demonstrates his dedication to sustainable manufacturing
processes.
About NEO Battery Materials
Ltd.NEO
Battery Materials is a Canadian battery
materials technology company focused on developing silicon anode
materials for lithium-ion batteries in electric vehicles,
electronics, and energy storage systems. With a patent-protected,
low-cost manufacturing process, NEO Battery enables longer-running
and ultra-fasting charging batteries compared to existing
state-of-the-art technologies. Building the first commercial plant
in South Korea, the Company aims to be a globally-leading producer
of silicon anode materials for the electric vehicle and energy
storage industries. For more information, please visit the
Company’s website at: https://www.neobatterymaterials.com/.
On behalf of the Board of DirectorsSpencer
HuhPresident and CEOshuh@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
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All forward-looking information is inherently uncertain and subject
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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
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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.
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statements except as required by applicable law.
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