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NEO Battery Materials Provides Corporate Update on In-House Cell Testing, Product Evaluation and Optimization, and CNT-Based Silicon Anode Development
VANCOUVER, British Columbia, Sept. 06, 2022 (GLOBE NEWSWIRE) -- (TSXV: NBM) (OTCQB: NBMFF) Attaining In-House Coin Full Cell Producing Capability for NBMSiDE™ O
About this update from Neo Battery Materials Ltd
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 06, 2022 (GLOBE NEWSWIRE) -- (TSXV: NBM) (OTCQB: NBMFF) Attaining In-House Coin Full Cell Producing Capability for NBMSiDE™ Optimization at R&D Scale-Up Centre Able to Independently Produce Coin Full Cells to Realize Time and Cost-Saving Efficiencies for Product Optimization On-Going NBMSiDE™ Sample Evaluation and Optimization with Battery Cell Manufacturers Increased Cell Format and Capacity Testing with Global Non-Asian Battery Manufacturer Developing New Carbon Nanotube (CNT)-Based NBMSiDE™ Silicon Anode Product to Improve Cycling Performance and Mechanical Durability Additional Collaborative Agreement Signed with Yonsei University-Industry Foundation for Fast-Track Commercialization NEO Battery Materials Ltd. (“NEO” or the “Company”) is pleased to provide the following updates on its recent corporate activities and initiatives that include 1) in-house coin full cell producing capability attainment in R&D Scale-Up Centre, 2) on-going sample evaluation and optimization with battery cell manufacturers, 3) new CNT-based silicon anode material product development, and 4) collaborative agreement with Yonsei University-Industry Foundation. R&D Scale-Up Centre: In-House Coin Full Cell Producing Capability for Optimization NEO Battery Materials will retain the capability to produce its own coin full cells within the NBM Korea R&D Scale-Up Centre. For the past two months, NBM Korea has been procuring equipment and materials to establish in-house production capability, and by late September, the Company will be able to independently produce coin full cells without the need for external manufacturing facilities. Through integrating cell production within the Scale-Up Centre, further time-saving and cost-effective efficiencies can be realized for product optimization as NBMSiDE™ samples, electrode plates, and coin full cells can all be fabricated in one location. NBMSiDE™ Sample Evaluation & Product Optimization with Battery Cell Manufacturers NEO is continuously undertaking NBMSiDE™ sample evaluation and product optimization with global battery cell manufacturers under NDAs. As different nanocoating materials, performance requirements, and silicon loadings are required, the silicon anode products are being finetuned with specifications requested from each cell manufacturer, creatin...