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NEO Battery Materials Initiates Detailed Design of Silicon Anode Commercial Plant & Files PCT Patent for Key Silicon Anode Technology
VANCOUVER, British Columbia, Aug. 05, 2022 (GLOBE NEWSWIRE) -- (TSXV: NBM) (OTCQB: NBMFF) Initiated Detailed Design of the Silicon Anode Commercial Plant and Co
About this update from Neo Battery Materials Ltd
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 05, 2022 (GLOBE NEWSWIRE) -- (TSXV: NBM) (OTCQB: NBMFF) Initiated Detailed Design of the Silicon Anode Commercial Plant and Completed Basic Manufacturing Design in July 2022 Under Process of Selecting Verified Equipment Manufacturers for Long-Lead Item Procurement & Detailed Design Cooperating with Gyeonggi Provincial Government to Receive Construction-Related Permits to Commence Groundwork Filed Key Silicon Anode Material Technology PCT Patent for International Protection through World Intellectual Property Organization Patent Regarding Nanocoating Layers to Enhance Structural Durability and Electrical Conductivity of Silicon Anode NEO Battery Materials Ltd. (“NEO” or the “Company”) is pleased to announce that the Company has initiated the detailed design of the commercial manufacturing process, and equipment with long lead times are being concurrently procured through the selection of verified manufacturers. NEO has also filed a Patent Cooperation Treaty (“PCT”) patent regarding a key silicon anode material technology to build a robust international patent portfolio. Commercial Plant: Detailed Design Initiation, Equipment Procurement & Construction-Related Permits NEO Battery Materials has completed the basic manufacturing design in July 2022 and has subsequently initiated the detailed design of the Silicon Anode Commercial Plant. The detailed design expands on and determines the details in each area of the process, devices, piping, electrical systems, and controls based on the completed basic design. The specifications of the unit facilities will be determined according to the production capacity and characteristics of NBMSiDE™, NEO’s silicon anode materials. Concurrently, for the procurement of long lead items, the Company is in the process of selecting equipment manufacturers whose technology has been verified, and the Request for Quote (RFQ) has been forwarded to the potential manufacturers. The detailed design is expected to be completed in October 2022. Through the cooperation with the Provincial Government of Gyeonggi, NEO Battery Materials is actively in the process of receiving construction-related permits regarding the Commercial Plant, and after selecting a construction contractor, the initial construction work will commence on the Oseong International Investment Zone in Py...