- NEO (NBM) has signed a letter of intent (LOI) with a top U.S. university spin-out company developing polymer electrolytes for silicon anode optimization
- The companies will explore the potential for commercial-scale products through technological integrations
- Polymer electrolytes have the potential to improve the safety and performance of NEO’s silicon anode
- Vancouver’s NEO Battery Materials is focused on supplying silicon anode active materials to the electric vehicle industry
- NEO Battery Materials (NBM) is up by 1.59 per cent trading at $0.32 per share
NEO (NBM) has signed an LOI with a top U.S. university spin-out company.
The partner company develops robust polymer electrolytes for silicon anode optimization.
The companies will explore the potential for commercial-scale products through technological integrations.
The collaboration has the potential to enhance NEO’s silicon anode through the developer’s polymer electrolyte innovations, which may improve performance and reduce the risk of fire and explosion. NEO may also benefit from applying its silicon anode to various energy storage applications.
Due to strategic reasons, the developer’s name will remain undisclosed.
“By combining our unique solutions together, the developer’s polymer system may activate an enhanced durability and safety characteristic for NEO’s silicon anode, effectively reducing the mechanical stress from volume expansion,” stated Spencer Huh, NEO’s President and CEO. “Successful integration and compatibility with the developer’s product can introduce NEO’s silicon anode materials into various applications.”
Vancouver’s NEO Battery Materials is focused on supplying silicon anode active materials to the electric vehicle industry through its proprietary single-step nanocoating process.
NEO Battery Materials (NBM) is up by 1.59 per cent trading at $0.32 per share as of 11:40 am EST.
