NEO Battery Materials (NBM) has received three silicon anode prototype requests from leading companies in automotive and battery materials.
The company is currently manufacturing prototype samples to meet the demand, as well as refining the prototype for further performance improvements.
The company will soon announce a trademarked name for its first-generation silicon anode materials.
In-house full cell evaluations are also underway and test results will be updated shortly. Full cell testing is inclusive of the cathode and anode material as both participate in the electrochemical reaction.
Spencer Huh, President and CEO of NEO, commented,
"Our proprietary Si anode materials have been garnering a greater amount of attention from all points and players in the lithium-ion battery value chain for electric vehicle applications. The synergistic relationship between NEO's performance advantages and low-cost manufacturing process is of particular interest to the counterparties. With current developments to commercial-scale manufacturing, we are on track and are confident to increase the silicon loading in the anode material for boosting the energy density and lifespan of state-of-the-art lithium-ion batteries."
NEO Battery Materials is a Vancouver-based resource company focused on battery metals and materials.
NEO Battery Materials (NBM) is up by 14.63 per cent and is currently trading at $0.94 per share as of 9:56 am ET.