NEO Battery Materials Launches NBM America LLC in U.S. and Announces Participation in InterBattery 2023, South Korea’s Leading Battery Conference
March 13 2023 - 9:00AM
(
TSXV:
NBM) (
OTCQB: NBMFF)
- Incorporated NEO
Battery Materials America LLC in the State of Delaware
- Management to
Visit Ohio, Kentucky, and New York City to Build Business
Relationships with Battery Industry Players, Governmental
Organizations, and Prominent VC Funds for Silicon Anode
Venture
- To Participate
in South Korea’s Leading Battery Trade Show – InterBattery 2023
- Samsung SDI, LG
Energy Solution, and SK On to Participate This Year
NEO Battery Materials Ltd.
(“NEO” or the “Company”), a
low-cost silicon anode materials developer that enables
longer-running, rapid-charging lithium-ion batteries, is pleased to
announce the launch of NEO Battery Materials America LLC
(“NBM America”) for U.S. business expansion. The
Company will also participate in South Korea’s leading annual
battery exhibition – InterBattery 2023.
NBM America Formation & U.S. Site
VisitationIn the past week, NEO has successfully
incorporated NEO Battery Materials America, LLC under the
provisions and requirements of the State of Delaware. As a
wholly-owned and operated subsidiary, NBM America will now allow
active and aggressive business development and
relationship-building initiatives to market NEO’s core silicon
anode materials in the U.S.
With Ohio being discussed as the top headquarter
location, the management team is expected to visit Ohio and
Kentucky in late March and early April to select the site for
operation. The agenda involves building and strengthening business
relationships with EV battery industry players and governmental
organizations that include the Ohio Economic Development
Association, JobsOhio, and REDI Cincinnati.
As discussed, to target the large pool of
venture capital funding, the management team and key advisors will
visit New York City and plans to hold meetings with prominent
cleantech VC and investment banking firms. NBM America intends to
secure strategic private capital and funding to enable U.S.
commercial plant construction and create financial capacity for
silicon waste recycling and other battery-related value-added
projects.
InterBattery 2023Inaugurated in
2013, InterBattery is South Korea’s leading annual battery trade
show that attracts over 900 domestic and international exhibitors
with 1,500 showcasing booths. With the participation of global
battery manufacturers and EV automakers, NEO Battery Materials
intends to establish new business relationships for further
strategic initiatives and expansion.
InterBattery 2023 will run for a 3-day period
from March 15 to March 17, and the Company will be running a booth
for the exhibition, featuring its unique cost-effective, and
high-performance silicon anode materials to exhibiting industry
players. Samsung SDI, LG Energy Solution, SK On, Dow Chemical
Company, and Korea Zinc will also be participating in the trade
show this year.
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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