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Neo Battery Materials Ltd
Symbol NBM
Shares Issued 99,737,312
Close 2023-02-03 C$ 0.305
Market Cap C$ 30,419,880
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Neo Battery appoints Swain as chief science officer

2023-02-06 12:23 ET - News Release

Mr. Spencer Huh reports

NEO BATTERY MATERIALS APPOINTS CHIEF SCIENCE OFFICER FOR SILICON ANODE COMMERCIALIZATION AND BATTERY MATERIALS BUSINESS EXPANSION

Neo Battery Materials Ltd. has appointed Dr. Basudev Swain as chief science officer (CSO). With Dr. Swain's expertise in green material sciences engineering and lithium-ion battery recycling, Neo has fortified the knowledge base and leadership team for the next phase of the silicon anode commercialization plan and expansion efforts for value-added projects in the battery materials industry.

With a total of more than 20 years of experience in the lithium-ion battery materials materialization process development, Dr. Swain has served in vital project management roles that include the commercialization of mass production systems and multimillion-dollar projects focused on sustainable process development and battery material recycling. He has also published several high-impact scientific literature in international journals, peer-reviewed conferences and book chapters related to battery materials engineering and resource recycling.

Spencer Huh, president and chief executive officer of Neo, stated: "We are more than excited to welcome Dr. Basudev Swain as our chief science officer. Being an expert in developing and recycling high-performance materials for lithium-ion batteries, Dr. Swain will add significant value and speed to Neo's commercialization efforts and performance improvement. The depth of his experience in battery recycling will also boost our silicon waste recycling efforts as a value-added project when expanding into the U.S."

Dr. Swain, CSO of Neo, commented; "I am more than glad to help Neo to become a Tier 1 supplier of silicon anode materials in the EV [electric vehicle] battery supply chain. Along with optimizing the current performance and economics with our R&D [research and development] engineering team, I will invest my efforts into growing NBM America through silicon anode and value-added recycling expansion operations. Silicon waste recycling will come first, but, as an extension, we will possess the capability to build recycling systems to recover critical battery materials, such as lithium and cobalt, and rare earth minerals in electronic waste."

Dr. Swain has held various research positions including R&D institutes in South Korea, National Institute of Advanced Industrial Science and Technology in Japan and a faculty position at Indiana University Southeast; his expertise focuses on process development for all varieties of electronics waste recycling. After completing his master's degree in India, Dr. Swain received his PhD in metal, minerals and materials in South Korea.

About Neo Battery Materials Ltd.

Neo Battery Materials is a Vancouver-based company focused on electric vehicle lithium-ion battery materials. Neo has a focus on producing silicon anode materials through its proprietary single-step nanocoating process, which provides improvements in capacity and efficiency over lithium-ion batteries using graphite in their anode materials. The company intends to become a silicon anode active materials supplier to the electric vehicle industry.

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