Mr. Spencer Huh reports

NEO BATTERY MATERIALS FILES 9TH SILICON ANODE PATENT FOR MAJOR MANUFACTURING INNOVATION

Neo Battery Materials Ltd. has filed the ninth patent regarding a significant development in the silicon anode manufacturing process.

Neo Battery Materials has submitted the ninth patent entitled "Silicone composite manufacturing method" to the Korean Intellectual Property Office (KIPO). This patent protects a significant innovation in the manufacturing process of Neo's proprietary silicon anode materials, NBMSiDE. Unique additives that are effectively adsorbed on silicon particle surfaces have been employed to prevent silicon particle agglomeration or clustering effect by acting as an interparticle buffer layer during manufacturing. This technological advancement enhances: (i) the production yield to directly reduce manufacturing costs; and (ii) the particle size distribution to allow increased uniformity and quality control.

Dr. J. H. Woo, chief science officer of Neo, commented: "We are committed to developing a robust IP [intellectual property] portfolio to safeguard the continuing, critical innovations of the company. As we near double-digit patents, our engineering team intends to grow the portfolio to 20-plus patents issued or pending this year. We aim to create comprehensive protection that precludes any replication attempt from final silicon anode products, nanocoating materials and value-added projects. Our R&D [research and development] scale-up centre in South Korea will continue efforts to realize the commercialization of low-cost, high performance NBMSiDE produced by Neo's efficient single-step process."

Recently, Neo Battery Materials has secured six non-disclosure agreements (NDAs), including a France-based global chemical material company and a battery cell developer, an Asian automotive original equipment manufacturer (OEM), a U.S.-based material equipment manufacturer, an Indian-based e-mobility OEM, and a United Kingdom based battery recycling company. With the R&D scale-up centre relocation complete, Neo will augment production and testing to clear backlog and advance evaluations with NDA partners.

About Neo Battery Materials Ltd.

Neo Battery Materials is a Canadian battery material 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. The company aims to be a globally leading producer of silicon anode materials for the electric vehicle and energy storage industries.

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