NEO Battery Materials Ltd announced that it has signed a collaboration agreement with South Korea’s Applied Carbon Nano Technology Ltd (ACN), which establishes strategic cooperation to further advance NEO’s pending patent related to carbon nanotube (CNT) coating technology for silicon anode materials.
The battery metals and technology developer said it will collaborate with ACN to expand mutual business opportunities in the electric vehicle (EV) industry including the CNT conductive additive market that is experiencing accelerated growth.
“We strongly expect that ACN’s deep understanding and experience in CNT development and its applied technologies could be an additional value for NEO,” NEO Battery Materials CEO Spencer Huh said in a statement.
READ: NEO Battery Materials signs MOU with Automobile & PCB to advance its silicon anode commercial plant in South Korea
“We also believe that there will be a fruitful synergy for mutual benefits in the near term,” Huh added.
CNTs are known to retain similar electrical conductivity to copper and have more than 100 times the strength of steel, which can act as an effective damper for the volumetric expansion problem of silicon anodes during cycling, according to the company.
In addition, NEO reported the appointments of Dr Suk Min Moon and Dr Dae Yeol Lee as company scientific advisors.
Lee, who is currently ACN’s CEO, owns 50 patents and has over 30 years of industry experience, while Moon is currently ACN’s chief technology officer and owns 40 patents and has over 30 years of R&D and commercialization experience.
NEO Battery Materials is a Vancouver-based resource company focused on battery metals and technology development.
Contact Sean at sean@proactiveinvestors.com