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NEO Battery Materials to Conduct Additional Optimized Evaluations with Global Battery Manufacturers & EV Automakers and Files Two Key Silicon Anode Patents
Signed Over 10 NDAs that Include Global-Tier Battery Cell Manufacturers and EV Automakers through Interest in Uniform Nanocoating Capability To Conduct Addition
About this update from Neo Battery Materials Ltd
[{"type":"text","content":" Signed Over 10 NDAs that Include Global-Tier Battery Cell Manufacturers and EV Automakers through Interest in Uniform Nanocoating Capability To Conduct Additional Product Evaluation with Optimized Silicon Anodes in Larger Battery Cell Formats Two Patents Filed Regarding Silicon Anode Material Properties and Manufacturing Processes Targeting to Retain 15 Patents Issued and Pending by the End of Year Successful Business Excursion to Ohio and New York City by Establishing Relationships with Governmental Organizations and Financial Institutions VANCOUVER, British Columbia, May 11, 2023 (GLOBE NEWSWIRE) -- NEO Battery Materials Ltd. (TSXV: NBM) (OTCQB: NBMFF) (“NEO” or the “Company”), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce that the Company will conduct additional product evaluation with global battery manufacturers and EV automakers after garnering substantial interest from the uniform nanocoating capability. Two additional patents related to material properties and manufacturing have been filed, targeting an IP portfolio of 15 by the end of the year. Additional Product Evaluation with Global Battery Manufacturers & EV Automakers For the past month, NEO Battery Materials has signed over 10 NDAs with global-tier companies, including battery cell manufacturers, EV automakers, electronics manufacturers, and Asia-Pacific conglomerates. NDA partners have formed and expressed considerable interest in NBMSiDE™ or NEO’s silicon anode materials’ uniform nanocoating capabilities and low-cost characteristics. Downstream users have been particularly attracted to NEO’s high energy capacity, communicating the potential for application in all battery systems, electronics, and aviation. Accordingly, NEO will undertake additional optimized product evaluation with these NDA parties. Existing evaluations with global battery manufacturers and industry players have reinforced the commercial viability and benefits of NBMSiDE™, and larger-scale battery cell testing with optimized conditions is being conducted with several partners. 7th & 8th Patent Filed for Silicon Anode Materials & Manufacturing Process Following last month’s patent application, the Company has submitted two additional patents related to the material properties and manufacturing o...