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NEO Battery Appoints Battery Gigafactory Production Veteran, Seok Joung Youn, as Head of Manufacturing & Facility Operations
Globenewswire· 2025-07-16 13:45
Core Viewpoint - NEO Battery Materials Ltd. has appointed Mr. Seok Joung Youn as Head of Manufacturing and Facility Operations, bringing extensive experience in lithium-ion battery manufacturing and operations to the company [1][5]. Company Overview - NEO Battery Materials is a Canadian technology company focused on developing low-cost silicon anode materials for lithium-ion batteries, aiming to enhance battery performance in electric vehicles and energy storage systems [6]. Leadership Appointment - Mr. Youn has 40 years of experience in lithium-ion battery manufacturing and quality control, previously working at Samsung SDI and various global battery startups [2][8]. - He played a key role in launching the first 1,200mm-wide electrode production line for electric vehicles at Samsung, improving production efficiency and reducing costs [3][8]. Operational Goals - Mr. Youn will lead manufacturing operations to ensure product quality meets the standards required by global battery partners, focusing on the production of high-quality electrodes and large-format cells [4][8]. - His expertise is expected to facilitate the transition from material innovation to practical application as the company expands its silicon battery capacity [4][5].
NEO Battery’s Silicon Battery Outperforms in Long-Term Capacity Performance & Prepares for Large-Scale Battery Testing
Globenewswire· 2025-06-05 13:01
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]
NEO Battery's Silicon Battery Outperforms in Long-Term Capacity Performance & Prepares for Large-Scale Battery Testing
GlobeNewswire News Room· 2025-06-05 13:01
Core Insights - NEO Battery Materials Ltd. has achieved significant advancements with its P-300N silicon battery, surpassing long-term capacity testing metrics with over 90% capacity retention for 300 cycles, exceeding the target of 80% [2][10] - The company has appointed Dr. Jun Sik Jeoung as Senior Vice President to lead large-scale battery testing and production expansion, leveraging his extensive experience in the battery industry [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 [4][10] Company Developments - NEO is actively preparing for multi-layer cell testing and is in discussions with battery prototypers and manufacturers in South Korea, the U.S., and Germany for outsourcing manufacturing [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 [6][10] - The 2025 Annual General and Special Meeting resulted in all resolutions being approved by shareholders, including the appointment of MNP LLP as auditor and setting the number of directors at five [7][9][11] Technical Achievements - The P-300N battery prototype is recognized as one of the most stable silicon battery materials in the global supply chain, utilizing metallurgical silicon (MG-Si), which is the lowest-cost silicon input for battery-grade applications [2][14][10] - The engineering team has initiated the design and architecture of single-layer pouch cells, which will optimize interactions between P-300N, graphite anodes, and various cathode materials [4][10] - The company aims to fulfill elevated requests from global downstream partners by adding a key manufacturing unit to expand overall capacity [6][10]
NEO Battery Appoints Ex-Samsung Large-Scale Cell Expert, Dr. Jun Sik Jeoung, as Senior Scientific Advisor of Commercialization & Cell Development
Globenewswire· 2025-05-15 12:00
Core Viewpoint - NEO Battery Materials Ltd. has appointed Dr. Jun Sik Jeoung as Senior Scientific Advisor of Commercialization & Cell Development to enhance its capabilities in silicon anode materials for lithium-ion batteries, particularly during a critical scale-up phase [1][4]. Company Overview - NEO Battery Materials is a Canadian technology company focused on developing low-cost silicon anode materials for lithium-ion batteries used in electric vehicles, electronics, and energy storage systems [6]. - The company aims to become a global leader in silicon anode materials, leveraging a patent-protected manufacturing process that enables longer-lasting and ultra-fast charging batteries compared to existing technologies [6]. Appointment of Dr. Jun Sik Jeoung - Dr. Jeoung holds a Ph.D. in Materials Science and Engineering and has over 17 years of experience in lithium-ion battery R&D, scale-up, and production at major automotive and battery cell manufacturers [2][3]. - His previous roles include leading the development of BMW i3 EV's 94Ah automotive cells at Samsung SDI and serving as Vice President of R&D at EoCell, where he improved cell energy density and safety [3]. Role and Responsibilities - In his new role, Dr. Jeoung will focus on designing and manufacturing large-scale batteries for commercial material qualification and providing insights for silicon anode manufacturing [4]. - His expertise is expected to be crucial as NEO progresses towards Phase I expansion to 240 tons production capacity [4]. Market Position and Strategy - Dr. Jeoung emphasized the importance of silicon anode integration for achieving high energy density and rapid-charging capabilities in lithium-ion batteries, which aligns with NEO's strategic goals [5]. - The company is positioned to secure a unique market position by demonstrating high-performance lithium-ion cells utilizing its silicon materials [5].
NEO Battery Showcases Mass-Producible Silicon Battery Prototype with Highest Capacity Retention Achieved to Date
Globenewswire· 2025-03-18 12:42
Core Viewpoint - NEO Battery Materials Ltd. has introduced the NBMSiDE P-300N, an advanced silicon anode product that achieves the highest capacity retention to date, aimed at enhancing battery stability while maintaining low production costs [1][2]. Product Development - The P-300N builds on the earlier P-300 silicon anode, showcasing significant improvements in capacity retention and efficiency [2]. - The P-300N has achieved a 50-cycle average Coulombic Efficiency (CE) of over 99.8%, indicating superior performance compared to its predecessors [4]. Technical Specifications - The P-300N features two variations: a high-capacity variant with an initial capacity over 2,000 mAh/g and an average CE of over 99.5%, and a high-stability variant with approximately 2,000 mAh/g in initial capacity and an average CE of over 99.8% [8]. - Key refinements in the P-300N include improvements in particle size distribution, shape control, and a composite layer coating that enhances protection against capacity loss [7]. Testing and Commercialization - NEO is conducting long-term full cell tests with the P-300N, targeting over 300 cycles to validate its performance [5]. - The company has initiated scale-up efforts for mass production, with plans to manufacture near-commercial battery cells with capacities of 3 to 5 Ah [6]. Market Applications - The P-300N is positioned as a low-cost solution for various applications, including electronics, power tools, drones, electric vehicles (EVs), and energy storage systems [4].