NEO Battery Materials and Linde Korea Sign MOU to Collaborate on Commercialization of Silicon Anode Technology
NEO Battery Materials (TSXV: NBM) (OTC: NBMFF) has signed a Memorandum of Understanding with Linde Korea to advance the commercialization of its silicon anode technology. The collaboration focuses on incorporating Linde's industrial gases, specifically nitrogen and argon, as critical components in NEO's manufacturing process. These gases will play a vital role in maintaining production quality and minimizing oxidation risks. The partnership aims to support NEO's transition from pilot-scale to commercial-scale production, with Linde providing engineering expertise to optimize the manufacturing process. No material terms or considerations were disclosed for this MOU.
NEO Battery Materials (TSXV: NBM) (OTC: NBMFF) ha firmato un Memorandum of Understanding con Linde Korea per avanzare nella commercializzazione della sua tecnologia ad anodo in silicio. La collaborazione si concentra sull'integrazione dei gas industriali di Linde, in particolare azoto e argon, come componenti fondamentali nel processo di produzione di NEO. Questi gas giocheranno un ruolo vitale nel mantenere la qualità della produzione e nel ridurre i rischi di ossidazione. L'obiettivo della partnership è supportare la transizione di NEO dalla produzione su scala pilota a quella su scala commerciale, con Linde che fornisce competenze ingegneristiche per ottimizzare il processo produttivo. Non sono stati divulgati termini materiali o considerazioni per questo MOU.
NEO Battery Materials (TSXV: NBM) (OTC: NBMFF) ha firmado un Memorando de Entendimiento con Linde Korea para avanzar en la comercialización de su tecnología de ánodo de silicio. La colaboración se centra en la incorporación de los gases industriales de Linde, específicamente nitrógeno y argón, como componentes críticos en el proceso de fabricación de NEO. Estos gases jugarán un papel vital en el mantenimiento de la calidad de la producción y en la minimización de los riesgos de oxidación. La asociación tiene como objetivo apoyar la transición de NEO de la producción a escala piloto a la producción a escala comercial, con Linde proporcionando experiencia en ingeniería para optimizar el proceso de fabricación. No se divulgaron términos materiales ni consideraciones para este MOU.
NEO Battery Materials (TSXV: NBM) (OTC: NBMFF)는 Linde Korea와 함께 실리콘 음극 기술의 상용화를 추진하기 위한 양해각서를 체결했습니다. 이번 협력은 NEO의 제조 공정에서 중요한 구성 요소로 Linde의 산업 가스, 특히 질소와 아르곤을 통합하는 데 초점을 맞추고 있습니다. 이 가스들은 생산 품질을 유지하고 산화 위험을 최소화하는 데 중요한 역할을 할 것입니다. 이번 파트너십의 목표는 NEO가 파일럿 단계에서 상용 생산으로 전환하는 것을 지원하는 것이며, Linde는 제조 공정을 최적화하기 위해 엔지니어링 전문 지식을 제공합니다. 이 MOU에 대한 구체적인 조건이나 고려사항은 공개되지 않았습니다.
NEO Battery Materials (TSXV: NBM) (OTC: NBMFF) a signé un protocole d'accord avec Linde Korea pour faire avancer la commercialisation de sa technologie d'anode en silicium. La collaboration se concentre sur l'incorporation des gaz industriels de Linde, notamment l'azote et l'argon, en tant que composants essentiels dans le processus de fabrication de NEO. Ces gaz joueront un rôle crucial pour maintenir la qualité de la production et minimiser les risques d'oxydation. L'objectif de ce partenariat est de soutenir la transition de NEO d'une production pilote à une production commerciale, avec Linde fournissant une expertise technique pour optimiser le processus de fabrication. Aucun terme matériel ni considération n'a été divulgué pour ce protocole d'accord.
NEO Battery Materials (TSXV: NBM) (OTC: NBMFF) hat ein Memorandum of Understanding mit Linde Korea unterzeichnet, um die Kommerzialisierung seiner Silizium-Anoden-Technologie voranzutreiben. Die Zusammenarbeit konzentriert sich auf die Integration von Lindes Industriegasen, insbesondere Stickstoff und Argon, als wichtige Komponenten im Herstellungsprozess von NEO. Diese Gase werden eine entscheidende Rolle bei der Aufrechterhaltung der Produktionsqualität und der Minimierung von Oxidationsrisiken spielen. Das Ziel der Partnerschaft ist es, NEO beim Übergang von der Pilotproduktion zur kommerziellen Produktion zu unterstützen, wobei Linde Ingenieurexpertise zur Optimierung des Fertigungsprozesses bereitstellt. Es wurden keine wesentlichen Bedingungen oder Überlegungen für dieses MOU offengelegt.
- Strategic partnership with Linde, a leading industrial gases company, for manufacturing optimization
- Technical advancement towards commercial-scale production from pilot phase
- Implementation of quality control measures through industrial gas integration
- No material terms or financial considerations disclosed in the MOU
TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- NEO Battery Materials Ltd.(TSXV: NBM) (OTC: NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is highly pleased to announce the signing of a Memorandum of Understanding (“MOU”) with Linde Korea Co., Ltd. (“Linde”), an affiliate of the leading industrial gases and engineering company, on November 6, 2024, to collaborate on the scale-up of NEO’s silicon anode manufacturing for lithium-ion batteries. There are no material terms or considerations regarding this MOU.
Under the MOU, Linde, NEO, and NBM Korea Co. (“NBMK”) will collaborate to incorporate and optimize Linde’s industrial gases, specifically nitrogen and argon, as critical inert gases in NEO’s silicon anode manufacturing process. These gases have a significant role in ensuring the quality of NEO’s production environment, minimizing input oxidation risks and enabling quality control of the anode’s performance.
Linde and NEO’s strategic collaboration is structured to support the technical transition from the current pilot-scale to commercial-scale production. NEO and NBMK will work closely with Linde to define technical requirements and implement leading engineering solutions tailored to optimize NEO’s silicon anode manufacturing process. The commitment to adopting Linde’s advanced industrial gas technology will enhance the energy efficiency and performance of NEO’s silicon anode products.
Mr. B. S. Sung, President of Linde Korea, said, “We look forward to working with NEO, combining our extensive expertise and capabilities to drive innovation and create value for our partners while also paving the way for future growth and success.”
Mr. Spencer Huh, Director, President & CEO of NEO, commented, “This MOU with Linde marks a key step in NEO’s ongoing route-to-commercialization strategy. Both parties are committed to maintaining a productive relationship toward the mass production of our silicon anodes. By working with a global leader like Linde, we anticipate receiving advanced engineering expertise to realize efficient production and high levels of quality control and assurance.”
About NEO Battery Materials Ltd.
NEO Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fast charging batteries compared to existing state-of-the-art technologies. The Company aims to be a globally-leading producer of silicon anode materials for the electric vehicle and energy storage industries. For more information, please visit the Company’s website at: https://www.neobatterymaterials.com/.
On Behalf of the Board of Directors
Spencer Huh
Director, President, and CEO
For Investor Relations, PR & More Information:
info@neobatterymaterials.com
This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions.All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified notably, but not limited to, by the use of forward-looking terminology such as "plans", "expects," or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved", and similar words referring to future events and results.Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock prices; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with the research and development of advanced technologies; (v) the risk associated with the effectiveness and feasibility of technologies that have not yet been tested or proven on commercial scale; (vi) the risks associated with entering into joint ventures, collaboration agreements, joint development agreements, and similar commercial agreements; (vii) fluctuations in input precursor prices; (viii) the risks associated with uninsurable risks arising during the course of research, development and production; (ix) competition faced by the resulting issuer in securing experienced personnel and financing; (x) access to adequate infrastructure to support battery materials research and development activities; (xi) the risks associated with changes in the technology regulatory regime governing the Company; (xii) the risks associated with the various environmental regulations the Company is subject to; (xiii) risks related to regulatory and permitting delays; (xiv) the reliance on key personnel; (xv) liquidity risks; (xvi) the risk of litigation; and (xvii) risk management, as described in more detail in our recent securities filings available at www.sedarplus.com. Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued research and development activities, no material adverse change in precursor prices and development plans to proceed in accordance with plans and such plans to achieve their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations, research and development, and commercialization plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
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FAQ
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