NEO Battery Materials Ltd has filed its sixth patent to the Korean Intellectual Property Office (KIPO), the company announced.
The application demonstrates NEO’s ongoing commitment to strengthening its IP portfolio and protecting its one-step nanocoating technology for silicon anodes.
Specifically, the patent extends on the cost-reduction innovation and technical excellence for the research and development of NBMSiDE, the company’s silicon anode materials.
NEO Battery Materials Ltd plans to also apply to the US Patent and Trademark Office and the World Intellectual Property Organization for additional patent protection in various jurisdictions. In the first half of 2023, NEO Battery Materials plans to file multiple patents to develop a robust IP portfolio for its materials and manufacturing processes.
“With the battery industry and multiple evaluation parties impressed with NEO’s differentiated product solution, our R&D team in South Korea is committed to engineering excellence to remain at the forefront for low-cost, high-performance silicon anodes,” chief technology officer S G Kim said in a statement. “Dr. Basudev Swain, Chief Science Officer, and I will combine efforts to efficiently optimize materials and enable commercialization by the first half of next year.”
Meanwhile, NEO Battery Materials said it has completed the request for quotation process and received three tentative quotes for constructing its South Korean commercial plant.
The company will negotiate with the candidate contractors. Then, once a contractor is selected, the Oseong Zone site clearance, basic civil engineering, procurement planning and construction management plan are expected to be initiated, the company said.
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