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Technical Update: NEO Battery Materials Advances Silicon Anode Technology with Extended Battery Capacity Performance
TORONTO, Aug. 13, 2024 (GLOBE NEWSWIRE) -- (TSXV: NBM) (OTC: NBMFF) Silicon Anode Technology Advancement with Extended Capacity Performance & Sustained Low-Cost
About this update from Neo Battery Materials Ltd
[{"type":"text","content":" TORONTO, Aug. 13, 2024 (GLOBE NEWSWIRE) -- (TSXV: NBM) (OTC: NBMFF) Silicon Anode Technology Advancement with Extended Capacity Performance & Sustained Low-Cost Advantage Record-High Battery Performance Metric that Meets or Exceeds Industry Standards and Similar Commercial Products Two-Way Coating Enhancement: Simple, Feasible, and Low-Cost Planned Release of New Silicon-Carbon (Si-C) Anode Product Due to High Working Party & Industry Demand Recycled Silicon Evaluation In-Progress with Lotus Energy & INNOX eco-M Products South Korea Ministry of Science & ICT Certification as Recognized Corporate Research Institute 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 technological advancements in the Company’s silicon anode technology – longer battery capacity retention while sustaining low costs. NEO’s engineering team successfully modified the properties of existing additives to achieve the two-way coating enhancements. The new coating methods are simple yet feasible and employ widely-used additives to maintain low manufacturing costs. Implementation improves critical battery cell performance metrics – i) longer capacity retention, ii) higher, steady Coulombic efficiency1 (a measure of capacity retention), and iii) faster-charging rates. Coulombic efficiency1 is the foremost metric that determines capacity retention in battery cycling tests. NEO’s silicon anode, NBMSiDE®, demonstrated record-high Coulombic efficiency levels that meet or exceed industry standards and similar commercial products. This result demonstrates the product’s potency in full cell2 designs based on pure 100% silicon or silicon-graphite mixture anodes. With optimism in advancements, NEO is reproducing and optimizing the product for the subsequent phases of NBMSiDE® commercialization. Mr. Spencer Huh, Director, President and CEO of NEO, commented, “We are highly proud of NEO’s engineering team and enthusiastic about the results achieved with our NBMSiDE® products. Incremental improvements are leading to performance milestones. This year, we plan to reach new technology highs with silicon-graphite anodes and in full cells. Additionally, our team has initiated recycled silicon evaluations with Lotus Energy and...