NEO Battery Materials Sends Optimized Silicon Anodes for Battery Performance Evaluation
28 8월 2023 - 9:30PM
(
TSXV:
NBM) (
OTCQB: NBMFF)
- Optimized Batch
of NEO’s Proprietary Silicon Anodes, NBMSiDE®, Sent for Battery
Performance Evaluation & Characterization
- Continued
Optimized Sample Delivery with Various EV Battery Supply Chain
Companies
- Undergoing 20+
Active Material Evaluations with Global Battery Cell/Material
Manufacturers, EV Automakers
- Effective
Feedback Loop Established for Close Communication &
Business/Technology Development
- 6 NDAs Signed
with Premium Automotive OEM, Battery Manufacturers, and Government
& Increased R&D Capability for New Testing Initiatives
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 the latest optimized batch of NEO’s proprietary silicon
anode materials, NBMSiDE®, has been sent to battery manufacturers
and EV automakers for performance evaluation.
As announced on August 16, 2023, further
improved formulations with uniform coatings and additives have
enabled an over 70% cycle life enhancement compared to the previous
evaluated batch. NEO Battery has continued sample delivery with
multiple companies in the EV battery supply chain, undergoing over
20 active material evaluations to date. The latest delivery marks
the 4th sample sent to a global battery manufacturer with initial
sample tests with North American-based LFP (Lithium Iron Phosphate)
battery manufacturers.
NEO’s R&D team has established a productive
evaluation-feedback relationship with battery cell/material
manufacturers and EV automakers. Close communication through
recurring technical meetings with all testing parties has led to
substantial technological and commercial advancements. Testing
parties are undertaking various physical and electrochemical tests
to characterize performance within their respective battery
systems, and NEO actively provides optimized samples that fulfill
specifications.
Dr. Basudev Swain, Chief Science Officer of NEO,
stated, “Despite working around a shorter evaluation timeline
compared to competitors, both EV and battery cell manufacturers
have been thoroughly impressed with our ability to optimize
NBMSiDE® performance to their target specifications. Testing
parties continue to comment that NEO’s technology is the most
promising solution for the industry to adopt silicon anodes in all
EV makes and models, and we are diligently working to ink advanced,
milestone agreements.”
Corporate Development: NDA &
Increased NBMSiDE® Testing &
Development CapabilityOver the past 4 weeks, NEO has
established 6 non-disclosure agreements (NDA) with high-profile
entities including:
- A European-based
premium automotive OEM and battery developer
- An Asian-based
global battery manufacturer
- A North
American-based battery manufacturer, graphite company, and
government organization
As announced, NEO has hired new engineering
researchers to increase the development and testing capabilities
for NBMSiDE®. NEO will initiate silicon and graphite mixture anode
testing to replicate commercial-level battery conditions. With an
initial energy density of 2,200 mAh/g for NBMSiDE®, an energy
density of ~510 mAh/g can be achieved when combined with
commercial-level graphite, implying that NEO can increase the
average EV range by 20% when commercialized.
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 to 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 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.
NEO Battery Materials (TSXV:NBM)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
NEO Battery Materials (TSXV:NBM)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024