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NEO Battery Materials Provides Review and Highlights of 2021
Vancouver, British Columbia--(Newsfile Corp. - December 30, 2021) - NEO Battery Materials Ltd....
About this update from Neo Battery Materials Ltd
[{"type":"text","content":"NEO Battery Materials Provides Review and Highlights of 2021Vancouver, British Columbia--(Newsfile Corp. - December 30, 2021) - NEO Battery Materials Ltd. (TSXV: NBM) (OTCQB: NBMFF) (\"NEO\" or the \"Company\") is pleased to share a review of 2021 related to the advancement of the Company's patented and proprietary silicon anode active materials for electric vehicle lithium-ion batteries.Overview of NEO Battery Materials Ltd.NEO Battery Materials Ltd. is a company that focuses on the anode material of the 4 core battery materials: 1) Anode, 2) Cathode, 3) Separator, and 4) Electrolyte. The Company is advancing a proprietary nanotechnology to produce Silicon Anode Materials through a low-cost, single-step manufacturing process.With accelerating efforts to replace parts of graphite with silicon in the anode material, the silicon anode active materials market faces a significant growth potential of 70-80% compound annual growth rate (CAGR) over the next five years, reaching a market size of approximately $5B CAD.NEO Battery Materials offers a cost-competitive silicon anode material technology that 1) increases the battery run-time through improving the energy density with silicon, 2) ultra-flexibility characteristics that enable structural durability and robustness, and 3) ultra-fast charging capability through enhancing the wettability of silicon particles with its nanocoating layers.NEO has secured a strong management team and lithium-ion battery experts from former LG Chemical, the second-largest battery manufacturer in the world through LG Energy Solutions, and Samsung SDI, the fifth-largest battery manufacturer in the world, enabling the fast-tracked advancement of NEO's silicon anode materials in South KoreaProduct & IP (Intellectual Property) DevelopmentsEstablished a 2-Track Silicon (Si) Anode Material Development Process: 1) Silicon Microparticles and 2) Silicon NanoparticlesSelected to innovate with silicon microparticles due to the significant cost savings for raw material input cost compared to silicon nanoparticles, which microparticles are on average 8 to 10 times cost-effective than nanoparticlesSuccessfully launched 3 Silicon Microparticle Anode Material Products named NBMSiDE with the trademark pending approval through the Korean Intellectual Property OfficeEach NBMSiDE product retains unique nanocoating materi...