NEO Battery Materials Ltd announced that the Korean Intellectual Property Office (KIPO) has issued a core patent of its silicon anode material technology following the notice of allowance announcement made in November 2021.
"We are glad to announce that the KIPO has issued one of the core patents related to NEO's low-cost, single-step nanocoating technology for manufacturing silicon anode active materials,” said Spencer Huh, CEO of NEO Battery Materials, in a statement.
He added: “As South Korea stands as one of the largest battery manufacturing countries and an epicenter of battery innovation, NEO will continue to strategically establish its presence and development within this market."
READ: NEO Battery launches three silicon anode material products for high-performance lithium-ion batteries
The Vancouver, British Columbia-based company said that it will further submit this patent to the U.S. Patent and Trademark Office (USPTO) and the World Intellectual Property Organization to bolster and protect the proprietary manufacturing nanotechnology the company possesses.
With the issuance of this patent, NEO currently retains three issued patents and two, which are pending issuance.
NEO Battery Materials has signed and is under the process of signing four additional non-disclosure agreements (NDA), which include an established battery cell manufacturer and a European materials manufacturer with multi-billion sales per annum.
The company said that it is accelerating its efforts to target all sections of the lithium-ion battery supply chain from materials to the end-product cell for electric vehicles through collaborative works to commercialization.
NEO has a focus on producing silicon anodes materials through its proprietary single-step nanocoating process, which provides improvements in capacity and efficiency over lithium-ion batteries using graphite in their anode materials.
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