NEO Battery Achieves Near-Double Flight Time in Live Drone Field Test, Advancing Commercial Readiness of Non-Chinese Battery Platform

Executive Summary

• NEO Battery Materials demonstrated a live drone field test showing a 98% increase in average flight time (29.9 min → 59.2 min) versus a mass‑produced Chinese benchmark.
• The NBM Drone Cell achieved 755 Wh pack capacity, 260 Wh/kg energy density (+55% and +29% vs. benchmark), 50% faster charging rates, and significant efficiency gains (≈28% more minutes per Ah, ≈80% more minutes per weight).
• Nancy Zhao was re‑appointed as Chief Financial Officer, receiving incentive stock options for 120,000 shares at $0.59 each and 150,000 RSUs vesting after 12 months.

Key Details

• Flight Test Results
• Average flight time increased from 29.9 min to 59.2 min (≈98% gain) under identical operating parameters.
• Test altitude ~70 ft; ambient temperature –3 °C to –5 °C.
• Pack‑level specifications: 755 Wh capacity, 260 Wh/kg energy density.
• Energy capacity ↑55%; energy density ↑29% versus Chinese benchmark.

• Voltage profile stability enabled low‑voltage operation without safety incidents.

• Efficiency Metrics

• Flight time per Ah improved ≈28%.

• Flight time per weight improved ≈80%.

• Charging Performance

• Silicon anode integration raised charging rate from 0.2 Ah/min to 0.31 Ah/min (≈50% increase).

• Ultra‑fast protocol potential up to 0.5 Ah/min (≈150% increase).

• Next Steps

• Integration of battery management system (BMS) software and pack‑level casing optimization.
• Accelerated customer and government evaluations for commercial integration.

• Expansion of engagement with drone/UAS manufacturers in the U.S. and NATO countries.

• Executive Appointment

• Nancy Zhao re‑appointed CFO; granted 120,000 incentive stock options at $0.59 exercise price (expires 2031‑02‑17).
• Issued 150,000 restricted stock units vesting after a 12‑month period.

Notable Quotes

• “This live field test exceeded our internal expectations and metrics on what high‑performance customization could bring for drone products… at reasonable costs.” – South Korean drone OEM spokesperson.
• “This field validation establishes a robust business case for defense acquisition as NEO’s technology materially extends mission capabilities without requiring drone redesigns.” – General (Ret.) C.J. Ko, Director of NEO.