NEO Battery and Established South Korean Manufacturer, NainTech, to Co-Develop Drone & Stationary Energy Storage Batteries
TORONTO, Aug. 21, 2025 (GLOBE NEWSWIRE) --
NEO Battery Materials Ltd. (“NEO” or the “Company”) (TSXV: NBM) (OTC: NBMFF), a low-cost, silicon-enhanced battery materials and components developer that enables longer-running, rapid-charging batteries, is pleased to enter into a Joint Development Agreement (“JDA”) with NainTech Co., Ltd. (“NainTech”) (KRX:267320), a South Korean manufacturer specializing in battery & fuel cell technology and semiconductor & display precision equipment. Both parties will co-develop (i) sodium-ion battery technology for energy storage systems (ESS) and (ii) high-performance lithium-ion batteries with MXene additives.
Related Questions
What is the expected timeline for commercializing the sodium‑ion and MXene‑enhanced lithium‑ion technologies and how will that timeline affect near‑term revenue forecasts?
How will the joint development with NainTech impact NEO Battery’s cash‑flow, capital‑expenditure requirements, and overall balance‑sheet strength?
What is the market’s perception of this partnership relative to competitors in the sodium‑ion and advanced lithium‑ion space, and how might it influence the stock’s valuation and trading volume?