09:27 AM EST - NEO Battery Materials Ltd. : Announced that NEO has entered into a collaborative development agreement with Yonsei University-Industry Foundation. The objective of the Collaboration is to conduct research and forward the development and commercialization of the proprietary ion-conductive polymer nanocoating technology for silicon anode applications. Spencer Huh, President and Chief Executive Officer, commented, "We are delighted to be partnered with YUIF to collaboratively develop our proprietary silicon anode technology. Our disruptive technology holds the potency to remove the bottleneck for electric vehicles through silicon's superior electrochemical properties. We look forward to advance this partnership for further productive opportunities." Under this Collaboration, NEO will jointly develop its nanocoating technology to enhance the performance and durability of silicon anodes materials in lithium-ion batteries (LiBs). NEO's technology also aims to improve the flexibility and specific capacity of the respective anode active material, increasing the energy density and life span of LiBs in electric vehicle, consumer electronics, and energy storage applications. Utilizing lean and efficient process steps, NEO believes that its unique single-stop process will enable cost-effective and scalable production. The term of the Collaboration will continue for a period of 3 years from May 10, 2021. NEO Battery Materials Ltd.
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