NEO Battery Materials said it will be conducting additional product evaluations with global battery manufacturers and electric vehicle (EV) makers after receiving significant interest in its uniform nanocoating capability.
The company said it has signed more than 10 nondisclosure agreements (NDAs) in the past month with battery cell manufacturers, EV makers, electronics manufacturers and Asia-Pacific conglomerates who have expressed interest in its silicon anode material NBMSiDE or NEO’s silicon anode materials’ uniform nanocoating capabilities and low-cost characteristics.
According to NEO, its NDA partners have been particularly interested in the company’s high-energy capacity and its potential application in battery systems, electronics, and aviation.
The company will undertake additional optimized product evaluation with its NDA partners, with the company noting that existing evaluations with third parties have reinforced the commercial viability and benefits of NBMSiDE.
Larger-scale battery cell testing with optimized conditions is being conducted with several partners, NEO added.
Further, the company announced that it has submitted two additional patent applications related to the material properties and manufacturing of NBMSiDE.
NEO is targeting 15 patents issues and pending by the end of the year with the aim of having an extensive and robust IP portfolio.
To date, three patents have been issued and five patents are pending issuance in various jurisdictions.
“As we have communicated, our team is committed to protecting and strengthening NEO’s silicon anode materials,” said NEO chief scientific officer Basudev Swain in a statement.
“We are strategically balancing innovations, trade secrets, and patent protection during optimization and testing to position the company in its commercialization process better.”
NEO Battery Materials is a Vancouver-based company focused on EV lithium-ion battery materials.
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