NEO Battery Materials Negotiating Silicon Anode Bulk Orders & Establishing R&D Collaboration
2023年9月26日 - 10:30PM
(
TSXV:
NBM) (
OTCQB: NBMFF)
- Negotiating with 3 EV Supply Chain Companies for Silicon Anode
Bulk Orders
- R&D Centre Operating at Full Capacity from Sample Demand
Upsurge & To Fill Sizeable Orders Sequentially
- Establishing Trilateral Research Collaboration with South
Korean Research Institute & Prominent Engineering University
- 1) Research for Performance Enhancement, 2) Product Development
& 3) Non-Dilutive Funding Applications
- Discussing with South Korean Provincial Government for Grant
Opportunity
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 1) negotiations for additional bulk orders with 3 EV
supply chain companies & 2) the initiative to form a research
collaboration with a South Korean research institute and a
prominent engineering university.
Negotiations for Additional Bulk
OrdersFor the past week, the Company has been negotiating
with 3 EV supply chain companies regarding additional bulk orders
for NEO’s silicon anode materials – NBMSiDE®. Due to the demand
upsurge, NEO retains sizeable orders to fill as the R&D Centre
is operating at full capacity. The Company expects to continue
negotiations until the production timeline becomes definitive with
the relocation to the expansion facility.
Tri-Lateral Research Collaboration for
Silicon Anode MaterialsIn South Korea, NEO is underway to
form a trilateral research collaboration with a government-funded
research institute and a prominent engineering university. The
project will focus on 1) expanding NBMSiDE® performance enhancement
research, 2) developing new silicon anode products complementary to
the existing portfolio, and 3) securing non-dilutive financing in
Korea and Canada.
Dr. Basudev Swain, Chief Science Officer of NEO,
commented, “As South Korea is the second largest battery
manufacturing country, the Company is leveraging both Korea’s
advanced technologies and extensive knowledge base for battery
materials. This collaboration will generate value through deepening
government support for NEO and diversifying product offerings to
cater to a broader spectrum of battery manufacturers’ needs.”
Additionally, management is discussing with one
South Korean provincial government for grants to assist R&D
expansion and commercialization. Along with the acceptance into the
Intellectual Property Support Program (IPSP) administrated by the
Korea Invention Promotion Association (KIPA), NBM Korea expects to
secure further economic/tax incentives, education & training
support programs, and grant opportunities in the near term.
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
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
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NEO Battery Materials (TSXV:NBM)
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NEO Battery Materials (TSXV:NBM)
過去 株価チャート
から 5 2023 まで 5 2024