- NEO Battery Materials (NBMFF, Financial) reports over 90% capacity retention for its P-300N silicon battery after 300 cycles, exceeding the 80% target.
- Dr. J.S. Jeoung joins as Senior VP of Commercialization & Cell Development, leveraging 17 years of experience from Samsung SDI.
- NEO prepares for large-scale battery testing and expands production capacity to meet global demand.
NEO Battery Materials Ltd. (OTC: NBMFF), a leader in silicon anode materials for lithium-ion batteries, has announced a major milestone for its P-300N silicon battery technology. The company confirmed that its advanced battery prototype demonstrated over 90% capacity retention at 300 cycles during full cell testing, surpassing the initial target of 80% retention. This performance highlights the effectiveness of the company's metallurgical silicon (MG-Si) utilization, known for being both stable and cost-effective.
To propel further advancements in battery technology, NEO Battery Materials has appointed Dr. J.S. Jeoung as the Senior Vice President of Commercialization & Cell Development. Dr. Jeoung brings extensive expertise to the company, with 17 years of experience in battery technology from leading roles at Samsung SDI. His appointment is a strategic move to accelerate the company's efforts in scaling up battery testing and production.
In line with its growth strategy, NEO Battery Materials has initiated the design of single-layer pouch cells and is preparing for multi-layer cell testing. This development involves partnerships with global manufacturers in key markets including South Korea, the U.S., and Germany. The company is also enhancing its R&D Scale-Up Centre with new high-specification machinery to increase production capacity and improve MG-Si processing, responding to rising demand from international partners.
