NEO Battery Materials Provides Operational Updates on R&D Expansion Facility
21 9월 2023 - 9:30PM
(
TSXV:
NBM) (
OTCQB: NBMFF)
- Initiated
Relocation Process to R&D Expansion Facility – Gyeonggi
Technopark Located in Ansan Science Valley
- Streamlined
Workflow to Upsize Silicon Anode Production Capacity and Material
Evaluation Pipeline
- To Hire
Specialized Labor and to Install New Equipment for Accelerated
Optimization Process
- Strategizing to
Ink Multiple Joint Development and Collaboration Agreements with
R&D Capacity Increase
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
provide operational updates on relocating to Gyeonggi Technopark
& upsizing production and R&D capacity to establish
milestone agreements with established battery supply chain
players.
NEO’s R&D Engineering team has initiated the
relocation process to Gyeonggi Technopark (GTP) from Yonsei
Engineering Research Park. The expanded facility space will divide
the manufacturing and performance evaluation areas to streamline
workflow and reduce production-to-evaluation lead times. Additional
specialized labour will be hired, and new equipment will be
installed to upscale capacity for material evaluations with global
battery cell manufacturers & EV OEMs.
At GTP, the Company will accelerate the
optimization process, extending the research depth on nanocoating
materials, solvents, silicon particles, and special additives. New
equipment that analyzes physical, chemical, and electrochemical
performance will provide additional insight into manufacturing
subsequent high-quality batches. Moreover, NEO plans to partner
with members of Ansan Science Valley for external R&D support,
testing, and strategic cooperation.
Mr. Spencer Huh, President and CEO of NEO,
commented, “With an emphasis on efficiency, we are strategizing to
expand R&D and production capacity to sign multiple joint
development and collaboration agreements with battery supply chain
companies. Demand for NEO’s silicon anode technology, NBMSiDE®, has
increased, and we are solidifying our go-to-market timeline for
NBMSiDE® to be inside commercial-level batteries promptly.”
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. 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
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NEO Battery Materials (TSXV:NBM)
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NEO Battery Materials (TSXV:NBM)
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