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.