Technology Advancement: NEO Battery Expands Production Yield and Capacity with Manufacturing Innovation

Technology Advancement: NEO Battery Expands Production Yield and Capacity with Manufacturing Innovation

T S X V : NBM ) ( OTCQB: NBMFF )

  • Major Process Innovation Improves Silicon Anode Yield, Capacity, and Particle Uniformity
    • Achieved Pilot-Scale Capacity Expansion to 4,000 Kilograms Per Year Without Additional Equipment or Process Change
  • Participated in Battery Japan and InterBattery 2024 to Establish Over 100 Relationships with EV and Battery Industry Players
  • Widening Testing Pipeline Partners and Evaluation Scale Towards Larger Battery Capacities and Formats
  • Appointed Mr. Daniel Lim as Chief Financial Officer

NEO Battery Materials Ltd. (" NEO " or the " C o mpan y "), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to report technological advancements in NEO Battery's silicon anode production yield, capacity, and quality through its recent manufacturing innovation.

As announced on January 11, 2024 , the Company filed its 9 th patent to protect a significant process innovation in NEO's silicon anode materials, NBMSiDE ® . Direct implementation has resulted in the improvement of both NBMSiDE ® yield and quality, increasing the pilot-scale capacity to approximately 4,000 kilograms per year from several hundred kilograms based on continuous processing.

During NBMSiDE ® manufacturing, special additives effectively prevent silicon particle clustering or agglomeration by acting as an interparticle buffer layer. These layers (i) stabilize the interfacial energy between particles, (ii) reduce unnecessary particle damage during the milling process, thereby preventing excessive milling, and (iii) induce the uniform dispersion of particles in the solvents to improve manufacturing efficiency directly.

By developing similar innovations, NEO Battery Materials aims to become a leader in the silicon anode market by securing price competitiveness through increased production yield and improving particle size uniformity and product quality.

Mr. Spencer Huh, President and CEO of NEO, commented, "After the relocation and return to regular operations of the R&D Scale-Up Centre, the R&D engineering team industriously continued the analysis and formulation of the special additives. This innovation is significant as no additional equipment or process changes are required to improve NEO's One-Step Production Process. We are optimizing to minimize bottlenecks and deviations during manufacturing, increasing the yield and uniformity of NBMSiDE ® particle sizes."

Battery Conference Participation & Corporate Updates
Over the past two weeks, the Company has participated in two global lithium-ion battery conferences: Battery Japan in Tokyo and InterBattery 2024 in Seoul. Key exhibiting companies include CATL, BYD, Honda Motors, Hyundai-Kia, LG Energy Solution, SK On, Samsung SDI, and Posco Holdings.

NEO Battery's management and engineering team conversed and established relationships with over 100 battery materials, cell manufacturers, automotive OEMs, and investors. For the past week, the Company has been in process to establish non-disclosure agreements and collaborations with more than 10 companies met during the conferences.

For new testing pipelines, the Company is undertaking silicon anode material evaluations with an Indian-based battery cell manufacturer and automobile OEM, as well as European- and South Korean-based global battery cell manufacturers. With existing evaluators, NEO Battery Materials is preparing to conduct additional upscaled testing with silicon-graphite anodes and full-cell testing.

Appointment of Daniel Lim as Chief Financial Officer
The Company is further pleased to announce that Mr. Daniel Lim has been appointed as the Chief Financial Officer of NEO Battery Materials. Ms. Nancy Zhao has resigned from her role to pursue other interests, and the Company deeply thanks her contribution over the past six years.

Daniel Lim has extensive accounting experience in accordance with Canadian and U.S. GAAP, IFRS, and Canadian and U.S. Corporate Income Tax Act. Mr. Lim holds a Certified Public Accountant (CPA) license from Washington State. He has an excellent history of guiding corporate M&As, designing highly efficient financial systems, and optimizing business processes. Before joining the Company, Mr. Lim has accumulated experience in various industries, including the public sector, IT, manufacturing, and financial services, for over 15 years.

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-fast charging batteries compared to existing state-of-the-art technologies. 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 Directors
Spencer Sung Bum Huh
Director, President, and CEO

For Investor Relations, PR & More Information:
Danny Huh
SVP, Strategy & Operations
info@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.sedarplus.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.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

NBM:CC
The Conversation (0)
NEO Battery Materials Appoints Renowned Battery Industry Pioneer Mr. Ricky Lee as Lead Managerial Advisor

NEO Battery Materials Appoints Renowned Battery Industry Pioneer Mr. Ricky Lee as Lead Managerial Advisor

T S X V : NBM ) ( OTC: NBMFF )

NEO Battery Materials Ltd. (" NEO " or the " C o mpan y "), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to appoint Mr. Ricky Lee, a renowned battery industry pioneer, as the Lead Managerial Advisor. Mr. Ricky Lee is a 35-year battery and energy industry executive with substantial experience with battery material and cell design, mass-production technology, and equipment & process development at globally distinguished companies.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
NEO Battery Materials Announces Appointment of Dr. Dongmok Whang as New Director

NEO Battery Materials Announces Appointment of Dr. Dongmok Whang as New Director

T S X V : NBM ) ( OTC: NBMFF )

NEO Battery Materials Ltd. (" NEO " or the " C o mpan y "), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce the appointment of Dr. Dongmok Whang, NEO's Lead Scientific Advisor, as a new Director of the Company.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
NEO Battery Materials Announces Change of Auditor to MNP LLP

NEO Battery Materials Announces Change of Auditor to MNP LLP

NEO Battery Materials Ltd. (" NEO " or the " C o mpan y ") ( T S X V : NBM ) ( OTC: NBMFF ), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce that it has changed its auditors from DeVisser Gray LLP (" Former Auditor ") to MNP LLP (" Successor Auditor "), effective March 19, 2024.

NEO Battery's board of directors accepted the resignation of DeVisser Gray LLP and appointed MNP LLP as the new auditor of the Company, effective March 19, 2024, until the Company's next annual general meeting of shareholders.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
NEO Battery Materials Increases Share Ownership of South Korean Subsidiary - NBM Korea Co.

NEO Battery Materials Increases Share Ownership of South Korean Subsidiary - NBM Korea Co.

T S X V : NBM ) ( OTCQB: NBMFF )

NEO Battery Materials Ltd. (" NEO " or the " C o mpan y "), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, announces that the Company has increased its ownership of the South Korean subsidiary, NEO Battery Materials Korea Co., Ltd. (" NBM Korea "), through a Share Purchase Agreement (the " Agreement ") with Automobile & PCB Inc (" A&P ").

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
NEO Battery Materials Grants Incentive Stock Options to Management & Engineering Team

NEO Battery Materials Grants Incentive Stock Options to Management & Engineering Team

T S X V : NBM ) ( OTCQB: NBMFF )

NEO Battery Materials Ltd. (" NEO " or the " C o mpan y "), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, announces that the Company has granted incentive stock options (the " Options ") to certain directors, officers, employees, and consultants to acquire an aggregate of 5,760,000 common shares, in accordance with the Company's 10% rolling stock option plan.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Ocumetics Announces Completion of First Tranche of Debenture Private Placement for Net Proceeds of CA$2.82 Million

Ocumetics Announces Completion of First Tranche of Debenture Private Placement for Net Proceeds of CA$2.82 Million

(TheNewswire)

Ocumetics Technology Corp.

Calgary, Alberta May 24, 2024 - TheNewswire .  Ocumetics Technology Corp. (" Ocumetics " or the " Corporation ") ( TSXV: OTC) (OTCQB: OTCFF) (FRA: 2QBO) announces that it has completed the first tranche of the private placement of debentures previously announced by the Corporation on May 15, 2024.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Robot hand touching human hand with a spark in between.

Top 10 Emerging Technologies to Watch in 2024

Even as global economic challenges have disrupted businesses in recent years, companies continue to look for new opportunities in emerging technologies and for innovations that can reshape the world.

In its Top 10 Strategic Technology Trends for 2024 report, research and consulting firm Gartner examines the tech innovations its analysts believe will have the greatest impact on how successful businesses are in maintaining a positive financial position and operational excellence in the era of digital transformation. The report includes a list of the top emerging technologies to watch, and Gartner indicates that they could be key to sustainable enterprise growth.

A major theme in the report is the rise of technologies that will help businesses address three key priorities: protecting and preserving past and future investments, building the right solutions for the right stakeholders at the right time and delivering value for the changing environments of both internal and external customers.

Keep reading...Show less
E-Power Resources Inc to Participate in THE Mining Investment Event of the North, Canada's Only Tier I Global Mining Investment Conference

E-Power Resources Inc to Participate in THE Mining Investment Event of the North, Canada's Only Tier I Global Mining Investment Conference

E-Power Resources Inc (CSE: EPR) is pleased to announce that it will be participating in THE Mining Investment Event of the North, ("THE Event") taking place June 4-6, 2024 in Quebec City at the Centre des congrès de Québec.

Management from E-Power Resources Inc will be holding one-on-one investor meetings throughout the three-day conference.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Sona Appoints Chief Medical Officer and Files Provisional Conjugation Patent

Sona Appoints Chief Medical Officer and Files Provisional Conjugation Patent

Sona Nanotech Inc. (CSE: SONA) (OTCQB: SNANF) (the "Company" or "Sona") is pleased to advise that it has appointed Dr. Carman Giacomantonio MD, MSc., FRCSC (Cav.) to be the Company's Chief Medical Officer. Dr. Giacomantonio is a practicing Surgical Oncologist at the QEII Health Sciences Centre and a Professor of Surgery at Dalhousie University. Dr. Giacomantonio leads a productive translational research group at Dalhousie University and has successfully initiated two clinical trials in cancer immunotherapy. He is widely published in the field of cancer immunobiology and immunotherapy research, and a recognized innovator in the field of intra-tumoral cancer immunotherapy. Dr. Giacomantonio currently serves on Sona's Advisory Board and is the Principal Investigator for Sona's pre-clinical studies using Sona's gold nanorods in its Targeted Hyperthermia Therapy ("THT") for triple negative breast cancer, melanoma, and colorectal cancer. Sona is extremely excited to have Dr. Giacomantonio's vision and experience to lead the development of our THT-based immunotherapy towards first-in-human clinical trials.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Nanalysis Announces First Quarter 2024 Conference Call

Hosting Call at 5:00 pm ET on Wednesday , May 29th

European Q&A Session on Thursday May 30th at 8:30am ET

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
Ocumetics Announces Offering of up to $4 million of Secured Convertible Debentures

Ocumetics Announces Offering of up to $4 million of Secured Convertible Debentures

(TheNewswire)

Calgary, Alberta TheNewswire - May 15, 2024. Ocumetics Technology Corp. (" Ocumetics " or the " Corporation ") (TSXV: OTC) (OTCQB: OTCFF) (FRA: 2QBO) announces that it proposes to complete a non-brokered private placement of secured convertible debentures having an aggregate face value principal amount of up to $4,000,000 (the " Principal "). The debentures will be subject to an original issue discount of 6%, resulting in net available funds to the Corporation of up to $3,760,000 (the " Net Proceeds "). Debentures will bear interest at rate of 18% per annum, compounded annually. The Debentures will mature, and Principal and interest will be payable by the Corporation, on the date which is two years from the date of issue. The Corporation may prepay the indebtedness under the debentures at any time upon ninety (90) days prior written notice, without penalty.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×