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NEO Battery Materials Ltd.

09:27 AM EST - NEO Battery Materials Ltd. : Announced that, in the latest test, NEO's silicon nanocoating technology has successfully achieved to demonstrate effectiveness on low-cost, metallurgical grade silicon particles of micron-size (D50: 2.9µm), enabling a 6-minute (10 C-Rate) charge/discharge level without major capacity loss in the cell. Following the previous successful integration of NEO's silicon (Si) nanocoating technology in Si nanoparticles ranging from 50 nm to 100 nm, Dr. J. H. Park, Director and Chief Scientific Advisor of NEO, is pleased to announce that the additional capability to exhibit substantial performance effectiveness with metallurgical grade, micron-sized (µm) Si particles is a step-change for NEO due to the significant cost reductions from the Si microparticle range and the flexibility of applying NEO's technology onto various Si particle sizes. On average, Si microparticles are 8 to 10 times cheaper compared to Si nanoparticles. NEO Battery Materials Ltd. shares V.NBM are trading unchanged at $1.00.