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18/05/2024
Mining News

Neo Battery Materials provides operational updates on RD expansion facility

NEO Battery Materials Ltd, a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, provided operational updates on relocating to Gyeonggi Technopark & upsizing production and R&D capacity to establish milestone agreements with established battery supply chain players.

NEO’s R&D Engineering team has initiated the relocation process to Gyeonggi Technopark (GTP) from Yonsei Engineering Research Park. The expanded facility space will divide the manufacturing and performance evaluation areas to streamline workflow and reduce production-to-evaluation lead times. Additional specialized labour will be hired, and new equipment will be installed to upscale capacity for material evaluations with global battery cell manufacturers & EV OEMs.

Supported by

At GTP, the Company will accelerate the optimization process, extending the research depth on nanocoating materials, solvents, silicon particles, and special additives. New equipment that analyzes physical, chemical, and electrochemical performance will provide additional insight into manufacturing subsequent high-quality batches. Moreover, NEO plans to partner with members of Ansan Science Valley for external R&D support, testing, and strategic cooperation.

Mr. Spencer Huh, President and CEO of NEO, commented, “With an emphasis on efficiency, we are strategizing to expand R&D and production capacity to sign multiple joint development and collaboration agreements with battery supply chain companies. Demand for NEO’s silicon anode technology, NBMSiDE®, has increased, and we are solidifying our go-to-market timeline for NBMSiDE® to be inside commercial-level batteries promptly.”

 

Source: Neo Battery Materials

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