NEO Battery Materials Initiates Detailed Design of Silicon Anode Commercial Plant & Files PCT Patent for Key Silicon Anode Technology
August 05 2022 - 9:00AM
(
TSXV:
NBM) (
OTCQB: NBMFF)
- Initiated
Detailed Design of the Silicon Anode Commercial Plant and Completed
Basic Manufacturing Design in July 2022
- Under Process of
Selecting Verified Equipment Manufacturers for Long-Lead Item
Procurement & Detailed Design
- Cooperating with
Gyeonggi Provincial Government to Receive Construction-Related
Permits to Commence Groundwork
- Filed Key
Silicon Anode Material Technology PCT Patent for International
Protection through World Intellectual Property Organization
- Patent Regarding
Nanocoating Layers to Enhance Structural Durability and Electrical
Conductivity of Silicon Anode
NEO Battery Materials Ltd.
(“NEO” or the
“Company”)
is pleased to announce that the Company has initiated the detailed
design of the commercial manufacturing process, and equipment with
long lead times are being concurrently procured through the
selection of verified manufacturers. NEO has also filed a Patent
Cooperation Treaty (“PCT”) patent regarding a key silicon anode
material technology to build a robust international patent
portfolio.
Commercial Plant: Detailed Design
Initiation, Equipment Procurement & Construction-Related
PermitsNEO Battery Materials has completed the basic
manufacturing design in July 2022 and has subsequently initiated
the detailed design of the Silicon Anode Commercial Plant. The
detailed design expands on and determines the details in each area
of the process, devices, piping, electrical systems, and controls
based on the completed basic design. The specifications of the unit
facilities will be determined according to the production capacity
and characteristics of NBMSiDE™, NEO’s silicon anode materials.
Concurrently, for the procurement of long lead
items, the Company is in the process of selecting equipment
manufacturers whose technology has been verified, and the Request
for Quote (RFQ) has been forwarded to the potential manufacturers.
The detailed design is expected to be completed in October
2022.
Through the cooperation with the Provincial
Government of Gyeonggi, NEO Battery Materials is actively in the
process of receiving construction-related permits regarding the
Commercial Plant, and after selecting a construction contractor,
the initial construction work will commence on the Oseong
International Investment Zone in Pyeongtaek City, Gyeonggi-do.
PCT Patent ApplicationFollowing
the patent application filed to the Korean Intellectual Property
Office (“KIPO”) in October 2021, the Company has additionally filed
this key silicon anode technology patent to the World Intellectual
Property Organization (“WIPO”) to bolster NEO’s international
patent portfolio.
The patent entitled Composite nanoparticle
comprising non-carbon nanoparticle and carbonaceous layer thereon,
and process of preparing the same is the first patent filed in the
Company’s name. This core patent is with regards to the nanocoating
layers on the silicon particles to prevent the volumetric expansion
problem and enhance the electrical conductivity of the silicon
anode during the charging and discharging mechanism
(lithiation/delithiation). NEO possesses 3 issued patents and 2
which are pending issuance, and the Company will continue to file
material and manufacturing patents accordingly.
About NEO Battery Materials
Ltd.NEO Battery Materials Ltd.
is a Vancouver-based company focused on electric vehicle
lithium-ion battery materials. NEO has a focus on producing silicon
anode materials through its proprietary single-step nanocoating
process, which provides improvements in capacity and
efficiency over lithium-ion batteries using graphite in their anode
materials. The Company intends to become a silicon anode active
materials supplier to the electric vehicle industry. For more
information, please visit the Company’s website at:
https://www.neobatterymaterials.com/.
On behalf of the Board of DirectorsSpencer
HuhPresident and
CEO604-355-6463shuh@neobatterymaterials.com
This news release includes certain forward-looking statements as
well as management's objectives, strategies, beliefs and
intentions. Forward looking statements are frequently identified by
such words as "may", "will", "plan", "expect", "anticipate",
"estimate", "intend" and similar words referring to future events
and results. Forward-looking statements are based on the current
opinions and expectations of management. All forward-looking
information is inherently uncertain and subject to a variety of
assumptions, risks and uncertainties, including the speculative
nature of mineral exploration and development, fluctuating
commodity prices, the effectiveness and feasibility of technologies
which have not yet been tested or proven on a commercial scale,
competitive risks and the availability of financing, as described
in more detail in our recent securities filings available
at www.sedar.com. Actual events or results may differ materially
from those projected in the forward-looking statements and we
caution against placing undue reliance thereon. We assume no
obligation to revise or update these forward-looking statements
except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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