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NEO Battery Materials and NanoRial Advance Product Collaboration with CNT-Based Silicon Anode
Collaboration Advancement through Product Portfolio Expansion – Carbon Nanotube (CNT) Nanocoatings for NEO’s Silicon Anode Materials To Offer Diverse Performanc
About this update from Neo Battery Materials Ltd
[{"type":"text","content":" Collaboration Advancement through Product Portfolio Expansion – Carbon Nanotube (CNT) Nanocoatings for NEO’s Silicon Anode Materials To Offer Diverse Performance & Cost Offering Alongside Polymer Nanocoatings to Downstream Manufacturers Preliminary Evaluation of Mechanically Durable CNT Coating to Improve Silicon Battery Performance Project 2N-CSi – Partnership for Joint Development and Non-Dilutive Funding Application in Canada’s EV Battery Supply Chain Dr. Chitral Angammana, CEO of NanoRial, Appointed to Scientific Advisory Board TORONTO, Aug. 21, 2023 (GLOBE NEWSWIRE) -- NEO Battery Materials Ltd.(TSXV: NBM) (OTCQB: NBMFF) (“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 collaboration advancement with NanoRial Technologies Ltd. (“NanoRial”) through expanding the silicon anode, NBMSiDE®, product portfolio using carbon nanotube (“CNT”) nanocoatings. The formal partnership named Project 2N-CSi will be utilized to jointly apply to non-dilutive financing and commercialization in Ontario, Canada. Following the collaboration agreement in early 2023, NEO Battery Materials and NanoRial have been developing CNT-nanocoated silicon anodes for EV lithium-ion batteries. Using NEO’s uniform nanocoating capability, preliminary evaluations of NanoRial’s CNTs are underway to improve cycle life and energy capacity. To offer a diverse performance and cost offering to downstream manufacturers, NEO will commercialize NBMSiDE®-CNT in addition to the Company’s polymer-nanocoated products. Project 2N-CSi is the first EV battery materials collaborative product being developed by two Canadian and Ontario-based companies. NEO Battery and NanoRial will continue to further advance the product, in progressing towards engaging global battery manufacturers & EV automakers for commercial-level testing. Both parties are jointly securing non-dilutive financing through discussion with Canada’s governmental authorities. To develop the partnership, Dr. Chitral Angammana, CEO of NanoRial, has been appointed to NEO’s Scientific Advisory Board. Co-founding NanoRial in 2019, Dr. Angammana has successfully led the company to scale up its CNT dispersion technology for energy storage, coatings, and additive applications. He has commercialized techn...