- NEO Battery Materials (NBM) is in the process of incorporating its South Korean subsidiary, NEO Battery Materials Korea
- The subsidiary will allow for a wider and aggressive marketing strategy of NEO’s proprietary silicon anode materials in the South Korean market
- NEO has also opened an additional office in Toronto to expand its presence in the Canadian economy
- NEO Battery Materials is a Vancouver-based company focused on battery metals and materials
- NEO Battery Materials Ltd. (NBM) is currently down 3.13 per cent, trading at $0.62 per share
NEO Battery Materials (NBM) is in the process of incorporating its South Korean subsidiary, NEO Battery Materials Korea.
The subsidiary will allow for a wider and aggressive marketing strategy of NEO’s proprietary silicon anode materials in the South Korean market.
NBM Korea will also allow the company to communicate more effectively with key companies in the lithium-ion battery value chain and with the South Korean government.
NEO Battery Materials is on an accelerated timeline to complete its semi-commercial facility in South Korea. The new subsidiary will provide support in the operations and logistics of the new facility.
In conjunction with the new subsidiary, NEO has also opened an additional office in Toronto to expand its presence in the Canadian economy.
The new office will allow NEO to pursue potential research and commercialization opportunities.
Spencer Huh, President and CEO of NEO, commented,
“We are currently above our scheduled business timeline, and all our team members in Canada and South Korea are diligent for a fast-track commercialization of NEO’s proprietary silicon anode materials.”
“Advancements with our silicon anode prototypes are continuously occurring,” he added, “with Dr. J. H. Park, director and chief scientific advisor, optimizing the cell chemistry, performance, and cost of the materials for the final commercialized pipeline.”
NEO Battery Materials Ltd. is a Vancouver-based company focused on battery metals and materials.
NEO has a focus on producing silicon anodes materials through its proprietary single step nanocoating process.
NEO Battery Materials Ltd. (NBM) is currently down 3.13 per cent, trading at $0.62 per share as of 11:17 am ET.
