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NEO Battery Signs Multi-Year Offtake Agreement for Silicon Battery Materials with North American Drone & UAS Battery Company
TORONTO, Oct. 02, 2025 (GLOBE NEWSWIRE) -- 50 Metric Ton Multi-Year Offtake Supply Agreemen...
About this update from Neo Battery Materials Ltd
[{"type":"text","content":"NEO Battery Signs Multi-Year Offtake Agreement for Silicon Battery Materials with North American Drone & UAS Battery Company\n\n\n\n TORONTO, Oct. 02, 2025 (GLOBE NEWSWIRE) --\n \n\n\n 50 Metric Ton Multi-Year Offtake Supply Agreement of High-Performance Silicon Battery Material Technology with North American Lithium-Ion Battery Company\n \n\n To Jointly Develop and Optimize Lithium-Ion & Lithium-Polymer Battery Products for Unmanned Systems, Drones, and Defense-Related Mobile Systems\n \n\n Targeting to Enhance Energy Density, Charging/Discharging Rate Capabilities with Safety, and High Power Output\n \n\n\n\n Active Progress on 20 TPA Production Scale-Up of Silicon Battery Materials\n \n\n\n NEO Battery Materials Ltd. (“NEO” or the “Company”) (\n \n T\n \n\n S\n \n\n X\n \n\n V\n \n\n :\n \n\n NBM\n \n ) (\n \n OTC: NBMFF\n \n ), a low-cost, silicon-enhanced battery developer that enables longer-running, rapid-charging batteries for drones, robotics, and electronics, is pleased to announce the signing of a multi-year offtake agreement (the “Offtake”) and a Joint Development Agreement (the “JDA”) with a North American lithium-ion battery company specializing in performance-intensive, speciality applications, including unmanned systems (UAS), drones, and defense-related mobile systems (the “Customer”).\n \n\n Under the Offtake, the Customer has committed to a total purchase volume of 50 tons of NEO’s silicon anode materials, NBMSiDE\n \n ®\n \n P-200 and P-300N, over an initial 4-year term. NEO anticipates supplying the initial P-200 and P-300N materials starting in 2026. Annual volumes are subject to production capacity and availability, qualification milestones, and operating deployment needs of the Customer’s products. The price for the silicon anode materials will be determined through a mutually agreed-upon pricing structure based on prevailing raw material and processing costs at the time of each supply.\n \n\n To reinforce the Offtake supply commitments, the JDA further establishes a collaborative framework in which NEO will supply its P-200 and P-300N silicon anodes for evaluation and validation within the Customer’s lithium-ion and lithium-polymer battery cells. Both parties will jointly develop and optimize battery perfo...