- Scaling-Up
Silicon Anode Production Capacity to 20 Tons Per Year for:
- Increasing
Supply Requirements Among Downstream Partners, Particularly For Use
and Tests in Full Cell
- Initiating
Mass-Producibility Testing to Prepare for Factory-Level
Production
-
Mass-Producibility Testing: Critical to Ensure Quality Assurance,
Process Optimization, and Cost Control
- Notice of
Allowance for Silicon Anode Patent from Korean Intellectual
Property Office
NEO Battery Materials Ltd. (“NEO” or the
“Company”)
(TSXV:
NBM) (OTC: NBMFF), a low-cost
silicon anode materials developer that enables longer-running,
rapid-charging lithium-ion batteries, is pleased to announce the
production scale-up to 20 tons per year to accommodate the
increasing demand for NEO’s high-performance silicon anode products
and to initiate mass-producibility testing to prepare factory-level
production.
Production Scale-Up & Initiation of
Mass-Producibility Testing
As announced on January 7, 2025, NEO’s P-300
silicon anode demonstrated breakthrough battery capacity and
cycling performance. These results reinforce the P-300 series as a
strong commercial candidate for integration in lithium-ion
batteries. In parallel with full cell1 evaluations for long-term
performance validation, NEO is undertaking efforts to scale-up
production to 20 tons per year to meet growing silicon anode demand
and to initiate mass-producibility testing.
The scale-up for NEO’s silicon anodes will first
accommodate the increasing customer requirements for material
supply. The high-performance P-300 series has mainly driven demand
among downstream partners, as the product is ideal for
silicon-graphite anodes2. For supporting supply, NEO’s production
expansion plan will implement additional equipment, larger batch
processing capabilities, and an optimized synthesis method to
increase capacity. Additional facilities in Gyeonggi Technopark
have been secured as part of the scale-up.
Concurrently, the Company will conduct
mass-producibility testing to optimize the manufacturing process
from pilot-scale to factory-level production. Mass-producibility
tests will ensure that P-300 silicon anodes can be manufactured in
large volumes without compromising quality or performance: these
tests will further identify potential bottlenecks, refine process
parameters, and control costs. With a proprietary particle size and
structure technology and a modular, scalable process, NEO expects
to scale production efficiently to the mass-production level.
Notice of Allowance for Patent from
Korean Intellectual Property Office
NEO Battery Materials has received a Notice of
Allowance from the Korean Intellectual Property Office (“KIPO”)
regarding a patent named Composite nanoparticle comprising
non-carbon nanoparticle and carbonaceous layer thereon, and process
of preparing the same. KIPO has granted the patent application
under Article 66 of the Korean Patent Act. The patent will be duly
registered upon payment of the registration fee.
1Full Cell: Lithium-ion battery comprises all
four core materials (cathode, anode, separator, and electrolyte).
Generally, battery anode materials proof-of-concept and
optimization are completed with half cells in which only the anode,
separator, and electrolyte are used with a lithium-metal counter
electrode that may supply infinite lithium-ions. Full cells have a
limited number of lithium-ions, given that commercial-level cathode
materials retain a limited supply of lithium-ions compared to
lithium-metal. Consequently, capacity retention is heavily affected
by Coulombic efficiency at every charging cycle.
2Silicon-Graphite Anode: For commercial-level
lithium-ion battery anodes, silicon anodes cannot wholly replace
graphite anodes. Hence for certain batteries, silicon anodes and
graphite anodes are mixed to form a blended anode called
silicon-graphite anodes. On average, silicon anodes comprise
approximately 5 to 10% of the anode material.
About NEO Battery Materials
Ltd.NEO
Battery Materials is a Canadian battery
materials technology company focused on developing silicon anode
materials for lithium-ion batteries in electric vehicles,
electronics, and energy storage systems. With a patent-protected,
low-cost manufacturing process, NEO Battery enables longer-running
and ultra-fast charging batteries compared to existing
state-of-the-art technologies. The Company aims to be a
globally-leading producer of silicon anode materials for the
electric vehicle and energy storage industries. For more
information, please visit the Company’s website at:
https://www.neobatterymaterials.com/.
On Behalf of the Board of DirectorsSpencer
HuhDirector, President, and CEO
For Investor Relations, PR & More
Information:info@neobatterymaterials.comT: +1 (437)
451-7678
This news release includes certain
forward-looking statements as well as management's objectives,
strategies, beliefs and intentions. All information contained
herein that is not clearly historical in nature may constitute
forward-looking information. Generally, such forward-looking
information can be identified notably by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to: volatile
stock prices; the general global markets and economic conditions;
the possibility of write-downs and impairments; the risk associated
with the research and development of advanced and battery-related
technologies; the risk associated with the effectiveness and
feasibility of technologies that have not yet been tested or proven
on commercial scale; manufacturing process scale-up risks,
including maintaining consistent material quality, production
yields, and process reproducibility at a commercial scale;
compatibility issues with existing battery chemistries and
unforeseen the risks associated with entering into and maintaining
collaborations, joint ventures, or partnerships with battery cell
manufacturers, original equipment manufacturers, and various
companies in the global battery supply chain; the risks associated
with the construction, completion, and financing of commercial
facilities including the Windsor and South Korean facilities; the
risks associated with supply chain disruptions or cost fluctuations
in raw materials, processing chemicals, and additive prices,
impacting production costs and commercial viability; the risks
associated with uninsurable risks arising during the course of
research, development and production; competition faced by the
Company in securing experienced personnel and financing; access to
adequate infrastructure and resources to support battery materials
research and development activities; the risks associated with
changes in the technology regulatory regime governing the Company;
the risks associated with the timely execution of the Company’s
strategies and business plans; the risks associated with the
lithium-ion battery industry’s demand and adoption of the Company’s
silicon anode technology; market adoption and integration
challenges, including the difficulty of incorporating silicon
anodes within battery manufacturers and OEMs systems; the risks
associated with the various environmental and political regulations
the Company is subject to; risks related to regulatory and
permitting delays; the reliance on key personnel; liquidity risks;
the risk of litigation; risk management; and other risk factors as
identified in the Company’s recent Financial Statements and
MD&A and in recent securities filings for the Company which are
available on www.sedarplus.ca. Forward-looking information is based
on assumptions management believes to be reasonable at the time
such statements are made, including but not limited to, continued
R&D and commercialization activities, no material adverse
change in precursor prices, development and commercialization plans
to proceed in accordance with plans and such plans to achieve their
stated expected outcomes, receipt of required regulatory approvals,
and such other assumptions and factors as set out herein. Although
the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
the forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended.
There can be no assurance that such forward-looking information
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such
forward-looking information. Such forward-looking information has
been provided for the purpose of assisting investors in
understanding the Company's business, operations, research and
development, and commercialization plans and may not be appropriate
for other purposes. Accordingly, readers should not place undue
reliance on forward-looking information. Forward-looking
information is made as of the date of this presentation, and the
Company does not undertake to update such forward-looking
information except in accordance with applicable securities
laws.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of
theTSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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