NEO Battery Materials, a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce the production scale-up to 20 tons per year to accommodate the increasing demand for NEO’s high-performance silicon anode products and to initiate mass-producibility testing to prepare factory-level production.
Production Scale-Up & Initiation of Mass-Producibility Testing
NEO’s P-300 silicon anode demonstrated breakthrough battery capacity and cycling performance. These results reinforce the P-300 series as a strong commercial candidate for integration in lithium-ion batteries. In parallel with full cell evaluations for long-term performance validation, NEO is undertaking efforts to scale-up production to 20 tons per year to meet growing silicon anode demand and to initiate mass-producibility testing.
The scale-up for NEO’s silicon anodes will first accommodate the increasing customer requirements for material supply. The high-performance P-300 series has mainly driven demand among downstream partners, as the product is ideal for silicon-graphite anodes. For supporting supply, NEO’s production expansion plan will implement additional equipment, larger batch processing capabilities, and an optimized synthesis method to increase capacity. Additional facilities in Gyeonggi Technopark have been secured as part of the scale-up.
Concurrently, the Company will conduct mass-producibility testing to optimize the manufacturing process from pilot-scale to factory-level production. Mass-producibility tests will ensure that P-300 silicon anodes can be manufactured in large volumes without compromising quality or performance: these tests will further identify potential bottlenecks, refine process parameters, and control costs. With a proprietary particle size and structure technology and a modular, scalable process, NEO expects to scale production efficiently to the mass-production level.
Notice of Allowance for Patent from the Korean Intellectual Property Office
NEO Battery Materials has received a Notice of Allowance from the Korean Intellectual Property Office (“KIPO”) regarding a patent named "Composite nanoparticle comprising non-carbon nanoparticle and carbonaceous layer thereon, and process of preparing the same". KIPO has granted the patent application under Article 66 of the Korean Patent Act. The patent will be duly registered upon payment of the registration fee.
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