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TORONTO - NEO Battery Materials Ltd. (TSXV: NBM) (OTC: NBMFF), a developer of silicon anode materials for lithium-ion batteries, has announced that its advanced silicon battery, the P-300N, has surpassed its performance targets in long-term capacity testing. The P-300N demonstrated over 90% capacity retention after 300 charging cycles, exceeding the company’s goal of 80% retention for the same number of cycles.
The P-300N uses metallurgical silicon (MG-Si), a low-cost material within the global battery supply chain, positioning it as one of the most stable silicon battery materials available. Dr. Jun Sik Jeoung, with over 17 years of experience in battery development, has been appointed as Senior Vice President of Commercialization & Cell Development to lead NEO’s scaling efforts.
Under Dr. Jeoung’s guidance, NEO is initiating design and architecture for single-layer pouch cells, moving towards long-term performance testing in large-scale battery formats. The company is also preparing for near-commercial, multi-layer cell testing through collaborations with battery prototypers and manufacturers in South Korea, the U.S., and Germany.
In response to increased sample requests from global partners, NEO has secured and is installing expansion equipment at its R&D Scale-Up Centre. The addition of a high-specification manufacturing unit is anticipated to enhance the quality and efficiency of MG-Si processing.
Additionally, the company has shared the results of its Annual General and Special Meeting held on June 4, 2025. Shareholders approved all resolutions, including the appointment of MNP LLP as Auditor, setting the number of directors at five, and electing Spencer Huh, Seok Hyung Lee, Dongmok Whang, and Larry Okada as directors. Investors should note that NEO Battery Materials’ next earnings report is scheduled for June 26, 2025. Get deeper insights into the company’s financial health and more exclusive metrics with InvestingPro, which offers over 30 additional key indicators and ProTips. The new Omnibus Equity Incentive Plan was also approved.
NEO Battery Materials, aiming to be a leading producer of silicon anode materials, focuses on developing technology for electric vehicles, electronics, and energy storage systems. The company’s advancements in battery technology are based on a patent-protected, low-cost manufacturing process that promises longer-running and ultra-fast charging lithium-ion batteries.
This news article is based on a press release statement from NEO Battery Materials Ltd. and contains no endorsement of the company or its products.
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