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NEO Battery Materials Announces Research Consortium LOI with the University of Toronto and an Undisclosed Global OEM for R&D and Scale-Up of EV Battery Materials
Vancouver, British Columbia--(Newsfile Corp. - November 16, 2021) - NEO Battery Materials Lt...
About this update from Neo Battery Materials Ltd
[{"type":"text","content":"NEO Battery Materials Announces Research Consortium LOI with the University of Toronto and an Undisclosed Global OEM for R&D and Scale-Up of EV Battery MaterialsVancouver, British Columbia--(Newsfile Corp. - November 16, 2021) - NEO Battery Materials Ltd. (TSXV: NBM) (OTCQB: NBMFF) (\"NEO\" or the \"Company\") is pleased to announce that the Company has signed a letter of intent (\"LOI\") to form a research consortium with the University of Toronto and an undisclosed global OEM (Original Equipment Manufacturer) for the development and scale-up of lithium-ion battery material technologies for Canada's emerging battery electric vehicle (BEV) industry.As a part of this LOI, a joint NSERC (Natural Sciences and Engineering Research Council of Canada) Alliance Grant Proposal will be developed as a foundation research project to support the creation of the \"NEO Centre of Excellence for Battery Materials\" at the University of Toronto. With NEO's Scientific Advisors, Dr. Mohini Sain and Dr. Ning Yan, one of the initial and urgent focus of this research consortium will be on developing and optimizing battery nanocoating materials for the Company's silicon (Si)-based negative electrodes or anodes.The preliminary project will involve the full electrode fabrication of silicon-carbon composite anodes through NEO's silicon particle nanocoating process with graphite applicable for electric vehicles. Novel binder technologies and renewable carbon conductive additives will be researched and commercialized to enhance the durability, adhesion, and conductivity of NEO's Si anodes. With the active material (i.e., silicon and/or graphite), binders and conductive additives are core components in the manufacturing process of the fully functional anode in the lithium-ion battery for BEV usage. Mr. Spencer Huh, President and CEO of NEO, commented, \"We are very pleased to be working with the University of Toronto and the OEM to push the drive for sustainability and renewable materials/biomaterials applicable to NEO's silicon anodes. Working with highly reputable and distinguished professors in the field of biocomposites and biobased chemicals, Dr. Sain and Dr. Yan, we are looking towards fast-paced commercialization programs for NEO's advanced battery materials and innovations through the Centre of Excellence. Through this initiative, NEO will use this ...