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NEO Battery Materials Secures Additional Sample Orders with Global EV Battery Players
TORONTO, Sept. 13, 2023 (GLOBE NEWSWIRE) -- (TSXV: NBM) (OTCQB: NBMFF) Secured Additional Optimized Sample Order of Proprietary Silicon Anodes, NBMSiDE®, by Glo
About this update from Neo Battery Materials Ltd
[{"type":"text","content":" TORONTO, Sept. 13, 2023 (GLOBE NEWSWIRE) -- (TSXV: NBM) (OTCQB: NBMFF) Secured Additional Optimized Sample Order of Proprietary Silicon Anodes, NBMSiDE®, by Global Battery Manufacturers & EV Automakers High Demand from EV Battery Supply Chain Players for More Sample Production Represents Initial and Mid-Stage Testing with European Battery Manufacturers and Premium Automaker Dr. S. G. Kim, Chief Technology Officer, Invited to Speak at K-Battery Show 2023 Lecture on “Increasing the Energy Density through Silicon Anodes” To Establish Relationships with Various Companies for Collaborative Opportunities NEO Battery Materials Ltd. (“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 upsurge in demand for NEO’s silicon anodes from recent technological breakthroughs. The Company is gradually delivering optimized samples to global battery & EV manufacturers to fill orders. Additional Optimized Sample Orders Secured from Battery & EV Manufacturers The new performance achievements are driving high demand for sample production and orders. Several EV industry players including battery & automotive companies have requested NBMSiDE® to conduct evaluations, and NEO is filling orders in 2-kilogram batches. The deliveries range from initial to mid-stage testing with European-based battery manufacturers and a premium automaker. Dr. S. G. Kim, Chief Technology Officer of NEO, commented, “NBMSiDE®’s potential is attracting significant attention from both the industry and the press. The high-capacity, low-cost feature can lead to the widespread adoption of NBMSiDE® in all EV makes and models. Our production and testing are running at full capacity, but once we move to a larger facility at Gyeonggi Technopark, we can remove bottlenecks to start producing, testing, and developing at a multi-fold capacity. We are confident to bring new positive advancements soon.” NEO’s CTO Invited to Speak at K-Battery Show 2023 CTO Dr. S. G. Kim has been invited to speak at one of the largest battery trade conventions in South Korea – the K-Battery Show Conference. Starting September 13th to 15th at the Korea International Exhibition Center, the K-Battery Show 2023 will revolve around the topic of “Technology, Materials & EVs that Increa...