Mr. Spencer Huh reports

NEO BATTERY MATERIALS SECURES ADDITIONAL SAMPLE ORDERS WITH GLOBAL EV BATTERY PLAYERS

Neo Battery Materials Ltd. had an upsurge in demand for its silicon anodes from recent technological breakthroughs. The company is gradually delivering optimized samples to global battery and EV (electric vehicle) manufacturers to fill orders.

Additional optimized sample orders secured from battery and EV manufacturers

The new performance achievements are driving high demand for sample production and orders. Several EV industry players, including battery and automotive companies, have requested NBMSiDE to conduct evaluations, and Neo is filling orders in two-kilogram batches. The deliveries range from initial to mid-stage testing with European-based battery manufacturers and a premium automaker.

Dr. S.G. Kim, chief technology officer of Neo, commented: "NBMSiDE's potential is attracting significant attention from both the industry and the press. The high-capacity, low-cost feature can lead to the widespread adoption of NBMSiDE in all EV makes and models. Our production and testing are running at full capacity, but once we move to a larger facility at Gyeonggi Technopark, we can remove bottlenecks to start producing, testing and developing at a multifold capacity. We are confident to bring new positive advancements soon."

Neo's CTO invited to speak at K-Battery Show 2023

Dr. Kim, CTO, has been invited to speak at one of the largest battery trade conventions in South Korea -- the K-Battery Show conference. Starting Sept. 13 to Sept. 15, at the Korea International Exhibition Center, the K-Battery Show 2023 will revolve around the topic of "Technology, Materials and EVs that Increase the Value of Batteries."

On the second day, Dr. Kim will provide a lecture on the subject of "Increasing the Energy Density through Silicon Anodes." The K-Battery Show will feature speakers from LG Electronics, Buhler, Yonsei University, Posco and Korea Electronics Technology Institute (KETI). At the conference, Neo plans to establish relationships with domestic and international companies to initiate conversations for collaborative opportunities and development.

About Neo Battery Materials Ltd.

Neo Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics and energy storage systems. With a patent-protected, low-cost manufacturing process, Neo Battery enables longer-running and ultrafast charging batteries compared with existing state-of-the-art technologies. Building the first commercial plant in South Korea, the company aims to be a globally leading producer of silicon anode materials to the electric vehicle and energy storage industries.

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