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NEO Appoints Dr. Andrew Fraser & James Suk As Advisors for Non-Dilutive Government Funding
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2021) - NEO Battery Materials Ltd. ( ...
About this update from Neo Battery Materials Ltd
[{"type":"text","content":"NEO Appoints Dr. Andrew Fraser & James Suk As Advisors for Non-Dilutive Government FundingVancouver, British Columbia--(Newsfile Corp. - June 9, 2021) - NEO Battery Materials Ltd. (TSXV: NBM) (OTC: NBMFF) (\"NEO\" or the \"Company\") is pleased to welcome James Suk and Dr. Andrew Fraser as advisors to support NEO in its initiative to access non-dilutive grants from the Canadian Federal and Provincial Government.Dr. Andrew Fraser is an expert in the field of chemistry with over 10 years of experience in R&D and writing technical documents. He has received his Ph.D. in Organometallic Chemistry and Catalysis from Queen's University. During his 7-year career as a technical writer, he published over 50 scientific research and experimental development submissions in oil & gas, manufacturing, telecommunications, and biotechnology. Mr. James Suk has a multitude of experience over the past 25 years in the areas of early-stage seed, angel funds, and planning SR&ED and non-dilutive government grants for start-ups and small-medium sized companies. He is currently Vice President of Technology Advisory at LFG Accounting and Advisory Ltd., leading engagements for SR&ED and Business Tax Incentives.Mr. Suk and Dr. Fraser will assist NEO in its applications for non-dilutive and non-repayable grants under a variety of programs, including Sustainable Development Technology Canada (SDTC) Research Grant, Clean Growth Program Grant, and provincial government grants.Concurrently, NEO plans to seek grants and funding from the South Korean government with Dr. Jong Hyeok Park, Chief Scientific Advisor and Director. Dr. Park and his lab has received substantial funding over the past 10 years from the Korean government and large battery technology companies including Samsung and LG. Most recently, Dr. Park was selected as a co-beneficiary with a Stanford University research team, with funding of CAD $1.8 million over 3 years from the South Korean Government.Spencer Huh, CEO of the Company, said, \"We strongly believe that we will be able to access non-dilutive government funding from both Canada and South Korea to speed up our scaling up and pilot plant process while protecting our shareholders' value going forward. By adding Dr. Fraser and Mr. Suk, we could facilitate and expedite our access to this valuable funding.\"In addition, Dr. Jinhy...