NEO Battery Materials to test capabilities with global battery manufacturers and EV makers

VANCOUVER — NEO Battery Materials Ltd., a low-cost silicon anode materials developer that works on rapid-charging lithium-ion batteries, announces that the Company will conduct additional product evaluations with global battery manufacturers and EV automakers after garnering reported interest from its 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.

For 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.

Management also announces that it 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.