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NEO Battery Materials sends first silicon anode prototype samples for battery cell evaluation and characterization

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NEO Battery Materials Ltd has announced that the first prototype of silicon (Si) anode active materials has been successfully produced.

In addition, the company said samples have been sent to non-disclosure agreement (NDA) partners for full cell evaluation and electrochemical characterization.

“The first working set of NEO’s proprietary silicon anode materials has been manufactured through our unique process,” said NEO CEO Spencer Huh in a statement. “Our prototype will be utilized by third-party partners for evaluating the performance and efficacy of NEO’s Si anodes in each respective party’s cell system and environment. NEO will complete due diligence during and after testing to refine and strengthen the prototype for commercialization.”

READ: NEO Battery Materials applies for trading on the OTCQB Market and DTC eligibility

Dr JH Park, director and chief scientific advisor at NEO, added: “The Si anode prototype for sample testing is based on low-cost raw materials and was manufactured through our one-pot, cost-effective process. NEO’s ability to economically manufacture silicon anode materials is a substantial point of differentiation from existing companies, and we expect this development to act as a catalyst to accelerate the commercialization of our Si anode active materials.”

Meanwhile, NEO said it has initiated two new NDAs with global top-tier battery material producers in China and South Korea for its innovations with silicon. Updates and progress on discussions and developments will be soon provided.

NEO has staked several new mining claims in Golden, British Columbia, along a strike with a quartzite bed, targeting silica in the quartzites for a total of 467 hectares. Additionally, the company is also focusing on developing silicon anodes, which provide improvements in capacity and efficiency over lithium-ion batteries using graphite in their anode materials.

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Story by ProactiveInvestors


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