(
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
INNOX eco-M products.”
The two-way coating enhancement also enables
NBMSiDE® to be compatible with carbon-based (carbonaceous)
materials. This implies that silicon-carbon composite (Si-C) and
silicon-graphite anode development are now feasible for full cell
designs. Due to mounting working partner and industry demand, NEO
Battery Materials will release a new Si-C anode product into the
NBMSiDE® portfolio, with sample tests to be conducted
soon.
Two-Way Coating Enhancement: Technical
Details
The first coating enhancement extensively
utilizes the advantages of polymer characteristics to maximize the
polymer coating processibility. This further stabilizes the silicon
surface during volume expansion in battery cycling tests. Intensely
prohibiting adverse side reactions (i.e., irreversible lithium
consumption) on the silicon surface also suppresses anode
delamination from the current collector. As a result, battery cell
performance is directly improved with enhanced Coulombic efficiency
and rate capability levels with reasonable overall specific
capacity.
The second coating enhancement deploys
additional protective layers on the silicon surface. Like the first
enhancement, the additional layers suppress adverse side reactions
in which lithium-ions are consumed on the silicon surface. The
layers also add mechanical strength to hamper rapid anode
delamination. This coating method has exhibited increased Coulombic
efficiencies with prolonged capacity retention.
R&D Scale-Up Centre:
Government-Certified Corporate Research Institute
In July, the South Korean Ministry of Science,
Information, and Communication Technology (MSIT), through the
Korean Industrial Technology Association (KOITA), has certified
NEO’s R&D Scale-Up Centre as a recognized “Corporate Research
Institute”.
Along with the Venture Enterprise Certification,
this governmental certification enables NBM Korea to receive
various governmental support, including benefits in national
R&D projects, intellectual property rights programs, and
government grants and funding. This certification will help nurture
a highly effective environment for R&D and
commercialization.
1Coulombic Efficiency: Ratio of
electrons transferred out from an electrode material/battery during
discharging to the number transferred into the material during
charging over a full charging cycle (Discharging
Capacity-to-Charging Capacity). Ex. If the current discharging
capacity is 2,000 mAh/g and the preceding charging capacity was
2,500 mAh/g, the Coulombic efficiency is 80%.
2Full Cell: Lithium-ion battery
comprises all four core materials (cathode, anode, separator, and
electrolyte). Generally, battery anode materials proof-of-concept
and optimization are initiated with half cells in which only the
anode, separator, and electrolyte are used with a lithium-metal
counter electrode that may supply an infinite number of
lithium-ions. Full cells have a limited number of lithium-ions
given that commercial-level cathode materials retain trivial
amounts of lithium-ions compared to lithium-metal. Consequently,
capacity retention is heavily affected by Coulombic efficiency at
every charging cycle.
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.com
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, but not limited to, 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", "be achieved", and
similar words referring to future events and results.
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: (i)
volatile stock prices; (ii) the general global markets and economic
conditions; (iii) the possibility of write-downs and impairments;
(iv) the risk associated with the research and development of
advanced technologies; (v) the risk associated with the
effectiveness and feasibility of technologies that have not yet
been tested or proven on commercial scale; (vi) the risks
associated with entering into joint ventures, collaboration
agreements, joint development agreements, and similar commercial
agreements; (vii) fluctuations in input precursor prices; (viii)
the risks associated with uninsurable risks arising during the
course of research, development and production; (ix) competition
faced by the resulting issuer in securing experienced personnel and
financing; (x) access to adequate infrastructure to support battery
materials research and development activities; (xi) the risks
associated with changes in the technology regulatory regime
governing the Company; (xii) the risks associated with the various
environmental regulations the Company is subject to; (xiii) risks
related to regulatory and permitting delays; (xiv) the reliance on
key personnel; (xv) liquidity risks; (xvi) the risk of litigation;
and (xvii) risk management, as described in more detail in our
recent securities filings available at www.sedarplus.com.
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 research and development
activities, no material adverse change in precursor prices and
development 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. We
assume no obligation to revise or update these forward-looking
statements except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
NEO Battery Materials (TSXV:NBM)
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NEO Battery Materials (TSXV:NBM)
Graphique Historique de l'Action
De Jan 2024 à Jan 2025
