Business

NEO Battery Materials provides enterprise updates on InterBattery 2022, full cell testing with high energy capacity Si anodes, and operation of R & D scale-up centers. CanadianBusinessJournal

Vancouver, British Columbia, March 31, 2022 (GLOBE NEWSWIRE) — NEO Battery Materials Ltd. (TSXV: NBM) (OTCQB: NBMFF) (“NEO” or “Co omBready y”) Can provide the company’s latest information on InterBattery 2022, the latest information on full cell testing with high energy capacity NBM SiDE ™, and the near completion of NEO’s R & D scale-up center for continuous sample production. I’m happy.

  1. InterBattery2022 Briefing and related activitiesThe NEO Battery Materials management and engineering team participated in InterBattery 2022 as an exhibitor from March 17th to March 19th. During the three-day period, NEO held numerous meetings with battery-related manufacturing and materials companies operating both domestically and internationally. Expanded and these conferences reaffirmed the industry’s active interest in the use of silicon anode materials. Companies were particularly interested in the development of mass-produced commercial plants in South Korea and NEO’s progress in optimized technology and manufacturing processes for NEO’s silicon anode material, NBM SiDE ™.

    NEOs are implementing NDAs and additional processes with these parties, along with several companies for collaboration, joint ventures, or other cooperation agreements, and some of the companies discussed are world-class. Includes battery makers and material makers.

  2. R & D results and full cell test activitiesNEO Battery Materials advances silicon anode technology through a unique single-step manufacturing process with a cost-effective silicon particulate input that provides significant cost savings and performance improvements for lithium-ion battery end users. NEO combines treatment and nano-coating materials to utilize pure metallurgical grade silicone particles. This results in 40-70% higher initial specific energy or capacity compared to current competitors using SiOx, SiC, or other composite silicon materials.

    Due to NEO’s advantage of retaining higher initial capacity, on average, a 5% silicon weight load on NBM SiDE can have the same impact as a 10% load on competitors’ materials. The initial Coulomb efficiency (ICE) of NEO’s 100% micron size level Si anode exceeds 86% level, and the cycling performance is inexpensive and 300 times of charge / discharge even with conventional polymer binder and super P carbon black conductivity. Additive that exhibits excellent volume retention after cycling.

    With the pouch cell production almost complete, the NBM SiDE ™ full cell test process is underway in South Korea, and we continue to carry out continuous cycling tests to both investigate and optimize performance in full cell settings. I will carry it out. The recent rapid spread of the Omicron virus in South Korea has caused delays due to the internal circumstances of the testing institute, but fortunately NEO has been notified that regular testing schedules will be made accordingly. .. We will soon provide the details of the finished production and full pouch cell.

  3. R & D scale-up center and 3 sample test activities that will be fully operational in early AprilrdPartiesCurrently, in the final stage of construction, most of the procured equipment has been accepted and the trial run of the R & D scale-up center in South Korea has been completed. From early April, comprehensive management of NBM SiDE ™ sample mass production equipment will enable efficient production, quality assurance and sample management, and will continue to operate the facility with NEO R & D personnel. , Further improve production and performance. Of silicon anode material. In addition, NEO will carry out additional research and development using graphite anode active materials to produce silicon-graphite composite (mixed) anodes through short-term equipment leasing.

    The first purified sample of NBMSiDE ™ will be provided to a European-based battery materials company, with a second delivery scheduled for April. NEO is also conducting sample tests with several Asian-based European battery manufacturers.

  4. April webinarThe monthly webinar is held in the 4th week of April. The specific schedule will be provided in the next news release.

About NBM SiDE ™
NBMSiDE ™ is NEO Battery Materials Ltd.’s flagship silicon anode material for lithium-ion batteries for electric vehicles. NBMSiDE comes in three variations, P100, P200 and C100, manufactured using our unique nano-coating technology. All product lines are based on metallurgical grade silicon particles and have a high specific volume of over 2,500 mAh / g. Through our Korean Intellectual Property (IP) law firm, NBM SiDE ™ is awaiting trademark approval.

About NEO Battery Materials Co., Ltd.
NEO Battery Materials Ltd. is a Vancouver-based company focused on lithium-ion battery materials for electric vehicles. NEO focuses on manufacturing silicon anode materials with a unique single-step nanocoating process. This provides higher capacity and efficiency than lithium-ion batteries that use graphite as the anode material. We aim to be a supplier of silicone anode active materials to the electric vehicle industry. For more information, please visit our website https://www.neobatterymaterials.com/.

This news release contains specific forward-looking statements and management objectives, strategies, beliefs and intents. Descriptions of future prospects include words such as “may,” “do,” “plan,” “expect,” “expect,” “estimate,” and “intention,” as well as future events. Often identified by similar terms that refer to results. Forward-looking statements are based on management’s current opinions and expectations. Information on all future prospects is inherently uncertain, ranging from the speculative nature of mineral exploration and development, fluctuating commodity prices, and the effectiveness and feasibility of technologies that have not yet been tested or proven. Affected by assumptions, risks, and uncertainties. Commercial scale, competitive risk, and availability of financing.www.sedar.com.. Actual events and outcomes may differ materially from those predicted in the forward-looking statements, and care should be taken to place undue trust. We undertake no obligation to revise or update these forward-looking statements, except as required by applicable law.

Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.

The photos that accompany this announcement are available at the following URL:

https://www.globenewswire.com/NewsRoom/AttachmentNg/0e84a150-22e0-4db4-b679-6fb715487b54

https://www.globenewswire.com/NewsRoom/AttachmentNg/fde0daac-9147-47a4-97f9-ce397ea1e977


CBJ News Maker

NEO Battery Materials provides enterprise updates on InterBattery 2022, full cell testing with high energy capacity Si anodes, and operation of R & D scale-up centers. CanadianBusinessJournal

Source link NEO Battery Materials provides enterprise updates on InterBattery 2022, full cell testing with high energy capacity Si anodes, and operation of R & D scale-up centers. CanadianBusinessJournal

Related Articles

Back to top button