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NEO Battery Materials Ltd.

09:32 AM EST - NEO Battery Materials Ltd. : Announced that the Company has received three additional prototype requests by global-tier battery materials and metals manufacturers and an automotive company. This follows the first samples of NEO's silicon anode prototype sent. Mr. Spencer Huh, President and CEO of NEO, commented, "Our proprietary Si anode materials have been garnering a greater amount of attention from all points and players in the lithium-ion battery value chain for electric vehicle applications. The synergistic relationship between NEO's performance advantages and low-cost manufacturing process is of particular interest to the counterparties. With current developments to commercial-scale manufacturing, we are on-track and are confident to increase the silicon loading in the anode material for boosting the energy density and lifespan of state-of-the-art lithium-ion batteries." NEO Battery Materials Ltd. shares V.NBM are trading unchanged at $0.88.