NEO Battery’s Silicon Battery Outperforms in Long-Term Capacity Performance & Prepares for Large-Scale Battery Testing

Core Insights - NEO Battery Materials Ltd. has achieved significant advancements with its P-300N silicon battery, surpassing long-term capacity testing metrics and demonstrating over 90% capacity retention for 300 cycles, exceeding the target of 80% retention [2][10] - The company has appointed Dr. Jun Sik Jeoung as Senior Vice President to lead large-scale battery testing and production expansion, bringing over 17 years of experience in battery technology [3][10] - The results from the P-300N testing enable NEO to move forward with large-cell format testing and the design of single-layer pouch cells, which will undergo long-term performance tests of over 500 cycles [4][10] Company Developments - NEO is actively engaging with battery prototypers and global manufacturers in South Korea, the U.S., and Germany to prepare for near-commercial, multi-layer cell testing, with plans to outsource manufacturing due to specialized equipment needs [5][10] - The company has secured post-treatment equipment and is nearing completion of installation at its R&D Scale-Up Centre, which will enhance production capacity and quality through improved precision control [6][10] - The results of the 2025 Annual General and Special Meeting indicated that all resolutions were approved by shareholders, with a quorum represented by 9.21% of outstanding voting securities [7][8][10]