- NEO Battery Materials (NBM) signs collaboration agreement for silicon anode optimization
- The purpose is to optimize the performance of NEO’s silicon anode materials with CNT as effective nanocoating materials
- Intend to jointly apply to Canadian Governmental, non-dilutive funding programs
- NEO Battery Materials intends to jointly apply to governmental, non-dilutive funding programs with NanoRial
- NEO Battery Materials is up over 6 per cent, trading at C$0.35 at 12:05 pm EST
NEO Battery Materials (NBM) is working with NanoRial Technologies to improve the performance of lithium-ion batteries through silicon anode optimization.
NanoRial is a technology developer of fully-dispersed carbon nanotubes capable of improving batteries’ conductivity, capacity, and ultra-fast charge rate.
Dr. Chitral Angammana, CEO of NanoRial, commented, “Providing one of the best solutions of CNT products in the industry, NanoRial is excited and confident to collaborate with NEO to accelerate its commercialization efforts.”
Silicon anode optimization
The pair hope to optimize the stability and performance of NEO’s silicon anode materials, NBMSiDE.
Integrating NanoRial’s high-performance CNT products as a robust nanocoating material may allow higher performance to be a possibility.
Additionally, both Parties recognize that implementing CNT technology can advance the commercial-level use of silicon anodes.
NEO Battery Materials intends to jointly apply to governmental, non-dilutive funding programs with NanoRial.
In doing so, the hope is to increase its business presence and exposure.
Spencer Huh, President and CEO of NEO, stated, “With our R&D efforts to integrate CNTs into NBMSiDE™, we are actively expanding the product portfolio to fulfill the current specifications requested by global battery supply chain players and working parties.”
“As we understand the essence of the growing North American battery industry, we plan to push efforts to become a global silicon anode supplier,” added Huh.
NanoRial is an Ontario-based Deep-Tech advanced materials company.
It enables next-generation products and materials, from faster-charging batteries to longer, lighter wind turbine blades.
“NanoRial is currently engaged with global, multinational firms in the battery industry, testing our well-dispersed CNT products to improve the electrical conductivity, energy density, and lifetime of lithium-ion batteries,” concluded Angammana.
On the other hand, NEO Battery Materials is a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries.
NEO Battery Materials is up over 6 per cent, trading at C$0.35 at 12:05 pm EST.
