NEO Battery Materials Ltd said it has received three additional prototype requests from “global-tier battery materials and metals manufacturers and an automotive company”.
This latest request follows the first samples of NEO's silicon anode prototype that were previously sent out.
The company notes it is currently in the process of manufacturing more prototype samples to meet the demand and is refining the prototype for further improvements in performance.
READ: NEO Battery Materials chooses South Korea as a location for its upcoming silicon anode pilot plan
NEO also plans to announce a trademarked name of the prototype for its first-generation silicon anode materials in the near future.
"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,” Spencer Huh, President and CEO of NEO said in a statement.
“The synergistic relationship between NEO's performance advantages and low-cost manufacturing process is of particular interest to the counterparties,” he added. “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."
In-house full cell evaluations are also underway with NEO's silicon anode materials, and test results will be updated shortly.
Full cell testing encompasses both the cathode and anode material, as both participate in the electrochemical reaction.
"These are exciting times for NEO Battery Materials as our product is delivering what the industry is demanding for silicon anodes: longer run-time through controlled volume expansion, fast-charging levels, and low-cost production,” Sung Rock Hwang, former Samsung SDI Executive and COO of NEO said.
Today’s announcement comes a day after the company announced its plans to build its pilot plant in South Korea.
The technology company told investors that it is scouting three locations within the southeast Asian country for the plant, which will develop its proprietary silicon anode materials.
“The South Korean pilot plant will enable us to further extend the potential of collaboration with the battery cell giants and receive further validation for our product and process," added Hwang.
Contact the writer at georgia@proactiveinvestors.com
Follow her on Twitter @MissInformd