Mr. Spencer Huh reports

NEO BATTERY MATERIALS AND UNIVERSITY OF WINDSOR SIGN STRATEGIC MOU TO ADVANCE NOVEL BATTERY TECHNOLOGIES

Neo Battery Materials Ltd. has signed a memorandum of understanding (MOU) with the University of Windsor to establish a strategic partnership focused on advancing new battery and energy storage technologies in Canada's electric vehicle (EV) ecosystem.

• MOU with the University of Windsor to advance novel battery and energy storage technologies:
  • To cultivate highly qualified talent and work force, commercialize innovations with new IP and conduct pivotal battery R&D (research and development).
• Collaborate to optimize silicon anodes, fabricate multilayer battery cells and develop new component materials;
• Intention to jointly apply for provincial/federal funding programs to leverage R&D project.

The partnership will leverage the synergies between industry and academia to drive innovation and competitive advantages in battery and sustainable mobility technologies. Both parties are committed to combining their strengths in cultivating highly qualified talent, commercializing innovation, and conducting pivotal research and development.

"We are pleased to announce this strategic partnership," said Dr. Shanthi Johnson, the University of Windsor's vice-president, research and innovation. "Our institution has a proven commitment to pursuing bold, impactful research in collaboration with industry. This partnership with Neo Battery Materials is an example of that commitment with tangible benefits to the EV sector, the Canadian economy and society as a whole."

As a part of this MOU, Neo will collaborate with researchers in UWindsor's faculty of engineering. Projects will focus on optimizing silicon anodes, fabricating multilayer lithium-ion battery cells and developing novel component materials. The partnership will take advantage of provincial or federal funding programs for industry-academia joint development.

Along with research and development, the collaboration aims to create commercialization pathways for new innovations. By jointly creating intellectual property (IP), Neo and the university will develop and bring to market new solutions that address the evolving needs of the EV and energy storage sectors. The collaboration will explore work opportunities to equip students with practical experience and create a pipeline of highly qualified personnel to fulfill the work force needs of the growing EV sector.

About the University of Windsor

With a rich history dating back to 1857, the University of Windsor is a comprehensive, student-focused institution with more than 17,000 students enrolled in a broad range of undergraduate and graduate programs. As partners, leaders and learners, the University of Windsor engages in impactful research, relevant teaching, creative endeavours and inclusive relationship building to foster positive change.

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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