- NEO Battery Materials Ltd. (NBM) has provided an update on its equipment, silicon anode materials, and other development activities
- NEO’s Korea base successfully installed additional production equipment into the research and development scale-up centre
- Additional and new material evaluations of NBMSiDE anodes are being prepared
- NEO’s production building and the research office building ave reached the late stages
- It also signed non-disclosure agreements with four different companies
- NEO Battery Materials Ltd. (NBM) is down 6.67 per cent and is trading at $0.14 per share as of 2:32 p.m. ET
NEO Battery Materials (NBM) has provided an update on its equipment, silicon anode materials, and other development activities.
NEO’s Korea base successfully installed additional production equipment into the research and development scale-up centre to optimize its silicon anode materials, NBMSiDE.
The company has prepared for additional and new material evaluations of NBMSiDE anodes from more than 35 private partners in South Korea, the U.S., and Europe.
More research and development have begun to for another NBMSiDE product series.
Also started is an extra pilot composite anode with carbon nanotube (CNT) materials that can alleviate the volume expansion problem of silicon particles.
The company’s production and research office buildings have reached the late stages of architectural design, and the associated permits will be submitted in December.
The buildings will be completed consecutively considering once the permit has been received.
Over the past month, NEO has signed non-disclosure agreements with three European companies and one U.S.-based company.
A European company is scheduled to visit the Korean centre to discuss practical cooperative initiatives such as a joint development agreement.
NEO Battery Materials Ltd. (NBM) is down 6.67 per cent and is trading at $0.14 per share as of 2:32 p.m. ET.
