NEO Battery Materials - CEO, Spencer Huh (third from right).
CEO, Spencer Huh (third from right).
Source: NEO Battery Materials.
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  • NEO Battery Materials (NBM) has initiated the detailed design of its silicon anode commercial plant
  • The company is in the process of selecting equipment manufacturers for long-lead item procurement and detailed design
  • After selecting a construction contractor, the initial construction work will commence on the Oseong International Investment Zone in Pyeongtaek City, Gyeonggi-do in South Korea
  • NEO has also filed a patent regarding a key silicon anode material technology to build a robust international patent portfolio
  • NEO (NBM) is trading steady at $0.185 per share as of 10:35 am ET

NEO Battery Materials (NBM) has initiated the detailed design of its silicon anode commercial plant.

The company is in the process of selecting equipment manufacturers for long-lead item procurement and detailed design. It is cooperating with Gyeonggi Provincial Government to receive construction-related permits to commence groundwork.

After selecting a contractor, the initial construction work will commence on the Oseong International Investment Zone in Pyeongtaek City, Gyeonggi-do, in South Korea.

NEO has also filed a patent regarding a key silicon anode material technology to build a robust international patent portfolio.

Titled “composite nanoparticle comprising non-carbon nanoparticle and carbonaceous layer thereon, and process of preparing the same,” this is the first patent filed in the company’s name.

This core patent involves the nanocoating layers on the silicon particles to prevent the volumetric expansion problem and enhance the electrical conductivity of the silicon anode during the charging and discharging mechanism.

NEO is a Vancouver-based company focused on producing lithium-ion battery materials for electric vehicles.

NEO (NBM) is trading steady at $0.185 per share as of 10:35 am ET.


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