Read the story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

NEO Battery secures silicon anode materials transfer agreements

% of readers think this story is Fact. Add your two cents.

NEO Battery Materials Ltd. said it has secured material transfer agreements (MTA) with working parties to upscale evaluations of its silicon anode active materials applied towards high-power lithium-ion batteries and efficient electrode manufacturing processes. 

The Vancouver-based company said the MTA constitutes the transfer of materials between the parties and provides stringent clauses for the protection of NEO’s proprietary technology.

“The material transfer agreements that NEO has secured signifies a runway into large-scale testing of our silicon anode materials that are applicable to various battery materials and cell systems, including high-power and performance batteries and distinct manufacturing processes for electrode fabrication,” Spencer Huh, president and CEO of NEO, said in a statement.

READ: NEO Battery moves ahead with establishing South Korean subsidiary; opens Toronto office

“The MTAs form a baseline agreement for both NEO and its counterparties to develop opportunities for joint development agreements and strategic partnerships,” Huh added. 

In South Korea, NEO said its management and engineers are in the stage of scaling the production capacity of its proprietary silicon anode active materials through required capital purchases and process optimization. 

These technical advancements are directed towards achieving the semi-commercial level output rate of 120 tons per year and the mass shipment of customized prototypes to the company’s working partners. Refining the characteristics of the material and manufacturing method has allowed the company to undergo increased iterations of product testing and modifications to generate these positive internal developments.

Meanwhile, in the past two weeks, the company said it has signed three non-disclosure agreements (NDAs) with an additional European battery cell manufacturer, material developer, and a research institution. All the works are associated with further evaluation and optimization of NEO’s silicon anode active materials and the accelerated commercialization timeline of implementing the company’s materials into electric vehicles and energy storage solution applications.

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Story by ProactiveInvestors


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Load more ...




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.