Neo Battery receives $2.5M order from South Korean co.

Mr. Spencer Huh reports NEO BATTERY RECEIVES $2.5M PURCHASE ORDER OF CUSTOMIZED BATTERY SOLUTIONS FOR AUTONOMOUS, INDUSTRIAL ROBOTICS Neo Battery Materials Ltd. has executed a purchase order agreement, alongside a joint development agreement, with a South Korean industrial robotics company engaged in autonomous mobile robots, humanoid platforms and mission-critical service robots deployed in high-risk industrial environments. The customer currently services global conglomerates and small- and medium-sized enterprises with its robotics solutions in logistics warehouses, manufacturing facilities and various end markets. With an order value of approximately 2.5 billion South Korean won ($2.5-million) over a targeted 24-month period, the customer will purchase and procure proprietary lithium-silicon battery cells and packs co-developed with Neo under the JDA. Products supplied will include both prototype packs for field validation and commercial-level packs for integration across the customer's payload, service and AMR-based humanoid robot systems. The scope of services will further cover end-to-end battery solutions, including material selection, cell architecture, certification support and integration assistance. Under the JDA, Neo and the customer intend to surpass battery performance benchmarks deployed by incumbent humanoid and industrial robotics platforms -- principally the 2.25-kilowatt-hour packs with 51,000 milliampere-hours, the 12S configuration used in the broader market. The development plans include staged validation from initial lithium-silicon cell design, prototype pack integration and robot-level performance optimization. Based on field testing and operational data, Neo will further refine designs and attributes for optimal battery performance with the customer's systems. Neo's lithium-silicon battery cells aims to deliver enhanced energy density, power density and system safety under full-duty industrial use. Subject to modifications over the development period, both prototype and commercial packs are targeted to achieve a 74,000-milliampere-hour cell capacity with 12S configuration, representing 3.38 kilowat-hours or a 45.1-per-cent increase in energy density. The customer anticipates initiating purchases upon the development of a viable prototype pack, and purchase quantities may vary from certification outcomes, production capacity, input availability, and the customer's operational and testing deployment schedules. "This purchase order and JDA for robotics and autonomous systems reinforce Neo's position as a capable battery solutions provider in diverse end markets," stated Spencer Huh, director, president and chief executive officer of Neo. "By developing and manufacturing tailored batteries for AMR and humanoid robotics, Neo is actively creating opportunities to enter into growing sectors that cannot compromise on battery performance and a resilient supply chain. We aim to enable the battery innovation platform promptly to start producing in our new facilities in South Korea." About Neo Battery Materials Ltd. Neo Battery Materials is a Canadian battery material 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 ultrafast-charging batteries compared with 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. We seek Safe Harbor.