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Technical Update: NEO Battery Achieves Exceptional Silicon Battery Performance with Improved Uniform Nanocoating Innovation
TORONTO, Aug. 16, 2023 (GLOBE NEWSWIRE) -- (TSXV: NBM) (OTCQB: NBMFF) Successfully Validated Performance Enhancement from Improved Uniform Nanocoating Innovatio
About this update from Neo Battery Materials Ltd
[{"type":"text","content":" TORONTO, Aug. 16, 2023 (GLOBE NEWSWIRE) -- (TSXV: NBM) (OTCQB: NBMFF) Successfully Validated Performance Enhancement from Improved Uniform Nanocoating Innovation New Chemical Additives Introduced to Further Strengthen Uniform Coating Ability & Reliability on Silicon Particles Extends Silicon Battery Cycle Life by Effectively Controlling Volume Expansion Demonstrates Over 70% Increase in Cycle Life Improvement No Material Modification Required to Realize Uniform Nanocoating Capability Significant Cost Reductions to Be Realized with Optimized Manufacturing Process 5 Battery Professionals Secured for Next Phase Advancement NBMSiDE® Trademark Registered with KIPO 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 exceptional testing results in silicon battery performance from NEO’s improved uniform nanocoating innovation. As announced on April 18, 2023, NEO achieved a significant manufacturing innovation of uniformly nanocoating silicon with strong polymer layers. This milestone helped extend the battery cycle life or capacity retention by effectively controlling the silicon’s volume expansion problem. Before this innovation, non-uniform coatings led to mechanical breakdowns, resulting in inadequate performance of silicon batteries. Over the past months, the R&D engineering team further optimized the uniform nanocoating capability with chemical additives and rigorously performed battery charge/discharge (cycling) tests. Several iterations have successfully validated the performance enhancement from robust uniform nanocoating, proving a substantial difference in cycle life/capacity retention between non-uniformly and uniformly nanocoated silicon anodes. The best-manufactured samples have demonstrated over a 70% increase in cycle life improvement compared to the previous best batch. Dr. S. G. Kim, CTO of NEO, commented, “NEO’s uniform nanocoating technology used to produce silicon anodes significantly improves the battery performance by overcoming the critical volume expansion problem. For the improved uniform coating, no equipment or process modifications are required, but this was solely achieved by chemical additives: this maintains our ability to manufacture products at reduced costs of ...