- Marks NEO’s Second Battery Purchase Order from a North American Fortune 500 Automotive Company via EN+
- In-Production & Near-Term Shipment of Pilot-Scale Battery Products for Automotive Integration Testing
- Demonstrates Repeat Fortune 500 OEM Validation Following Recent Initial Order
- NEO’s Consistent & Industry-Grade Battery Products De-Risking Battery Testing & Market Entry for Start-Ups and Established Companies
NEO Battery Materials Ltd. (“NEO” or the “Company”) (TSXV: NBM) (OTC: NBMFF), a low-cost, silicon-enhanced battery developer that enables longer-running, rapid-charging batteries for drones, robotics, and electronics, is pleased to receive a second battery purchase order for near-term delivery from a Fortune 500 automotive OEM (“Customer”), arranged via ENPLUS Co. (“EN+”), which is coordinating commercial supply with the Customer.
The purchase order, arranged via ENPLUS Co. (“EN+”), relates to a North America-based Fortune 500 automotive company and follows the Company’s initial purchase order from an Asia-based Fortune 500 automotive OEM announced last week. The orders will be delivered over the subsequent months and represent the next step toward securing longer-term commercial supply agreements with automotive OEMs.
The second order further reinforces NEO Battery’s leading quality and performance, delivered through its proprietary technology and manufacturing. The pilot-scale battery products are currently in production and will be shipped promptly for the Customer’s integration testing in automotive applications. Revenues are expected to be recognized upon the delivery of the contracted products.
“The order reflects the Customer’s interest and trust in NEO’s ability to manufacture industry-grade, high-performance battery electrodes and cells under production-like conditions,” stated Dr. J.S. Jeoung, SVP of Cell Development & Commercialization. “Electrode manufacturing is a highly complex process with more than 100 control parameters that determine battery performance and manufacturing yields. As both emerging and established companies have experienced failures due to variations in electrode & battery quality, NEO’s manufacturing quality and process stability are critical factors supporting successful battery testing and market entry.”
NEO’s megawatt-hour battery manufacturing facility features commercial-scale electrode fabrication lines, cathode/anode slurry mixers, coating/calendaring/slitting equipment, and high-capacity pouch cell assembly infrastructure. Backed by operational expertise from global battery cell manufacturers, these capabilities enable consistent, commercial-grade battery production that meets performance requirements and maintains high manufacturing yields for improved economics.
About NEO Battery Materials Ltd.
NEO Battery Materials is a Canadian battery technology company focused on developing and producing silicon-enhanced lithium-ion batteries in drones, unmanned aerial vehicles (UAV), robotics, unmanned systems, electronics, electric vehicles, and energy storage systems for AI data centers. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fast charging batteries and provides end-to-end battery solutions from materials selection, cell architecture, and process optimization. The Company aims to be a globally-leading producer of high-performance lithium-ion battery components and materials, building a secure, robust battery supply chain in North America. For more information, please visit the Company’s website at: https://www.neobatterymaterials.com/.
Source: NEO Battery Materials Ltd.
