NEO Battery Secures $4.5 Million Purchase Order for High-Performance Silicon Battery Solutions from Asian Drone Manufacturer

Core Insights - NEO Battery Materials Ltd. has secured a multi-year purchase order valued at $4.5 million CAD and a Joint Development Agreement (JDA) with an Asian manufacturer for high-performance battery products aimed at drones and unmanned aerial vehicles (UAV) [1][4] - The company aims to establish a secure supply chain outside of China and become a tier-1 battery solution vendor for U.S., European, and Asian drone manufacturers [2][6] Product Development - Under the JDA, NEO will design and manufacture two advanced silicon-enhanced battery products tailored for the customer's drone/UAV systems: the P-200 series for short-duration combat missions and the P-300N series for industrial and surveillance UAVs [2][4] - The batteries are expected to achieve high energy density exceeding 350 watt-hours per kilogram (Wh/kg), representing a 40 to 59 percent increase compared to conventional drone batteries [3][6] Market Application - The customer intends to integrate NEO's silicon battery products into drone and UAV systems supplied to Asia-Pacific industrial companies and governmental agencies, including military operations in South Korea and India [4][6] - The development initiative targets enhanced flight time, payload capacity, and mission operability for defense and industrial applications [2][6] Company Overview - NEO Battery Materials is focused on developing and producing silicon-enhanced lithium-ion batteries for various applications, including drones, UAVs, robotics, and electric vehicles [5] - The company utilizes a patent-protected, low-cost manufacturing process to enable longer-running and ultra-fast charging batteries [5]