- NEO Battery Materials Ltd. (NBM) has entered into a patent licensing agreement with the University-Industry Foundation of Yonsei University
- NEO will be granted an exclusive worldwide license for three patents owned by Yonsei University related to silicon nano-coating technology for battery anode materials
- The University-Industry Foundation (UIF) of Yonsei University was founded in 1991 as the Yonsei University Office of Research
- NEO Battery Minerals Ltd. is a Vancouver-based junior resource company focused on battery metals exploration in North America
- NEO Battery Materials Ltd. (NBM) is up 17.65 per cent, trading at C$0.20 per share at 11:35 am EST
NEO Battery Materials Ltd. (NBM) has entered into a licensing agreement with the University-Industry Foundation of Yonsei University.
Under the terms of the agreement, NEO will be granted an exclusive worldwide license for three patents owned by Yonsei University related to silicon nano-coating technology for battery anode materials.
“We are extremely pleased to announce that NEO Battery Materials has secured the key intellectual properties related to advanced silicon enhanced technology to meet the increasing demands for the next generational battery anode materials.
We strongly believe that our technology has the potential to achieve and realize the improved energy density and superior performance of silicon-based hybrid anodes in lithium-ion batteries.
Added with a lean and efficient manufacturing process, NEO will be capable of producing anode materials at a low cost, and the abundance of silicon will allow NEO to be a vertically integrated mining company, establishing a robust value chain that further pushes costs down,” said Spencer Huh, CEO of the company.
Spencer Huh also added,
“Silicon has been considered as one of the most attractive anode materials in decades because of its exceptionally high energy density. However, the volume expansion issue of silicon during lithiation has been the main obstacle for the industry to adopt the technology. The company believes that the secured technology could manage and resolve this specific issue related to silicon.”
The University-Industry Foundation (UIF) of Yonsei University was founded in 1991 as the Yonsei University Office of Research
NEO Battery Minerals Ltd. is a Vancouver-based junior resource company focused on battery metals exploration in North America.
NEO Battery Materials Ltd. (NBM) is up 17.65 per cent, trading at C$0.20 per share at 11:35 am EST.
