NEO Battery Materials Announces Second Licensing Agreement with YUIF Regarding Silicon Nanocoating Technology
**TSXV: NBM**
**OTC: NBMFF**
NEO Battery Materials Ltd. is pleased to announce it has entered into a second licensing agreement with Yonsei University-Industry Foundation in South Korea. NEO will be granted an exclusive worldwide license for the patent regarding silicon anode nanocoating technology for lithium-ion batteries.
While the Company is expediting the process of commercializing the main elastomer nanocoating technology, NEO is also planning to utilize this modified CNT coating technology as another product pipeline for its nanocoating material on silicon anodes and exploring the opportunity to scale this additional material for production.
Spencer Huh, President and CEO of NEO, commented, “We are excited to have licensed another key technology from YUIF to strengthen NEO’s product portfolio. Striking this licensing agreement has been successful due to the consistent progress of our collaborative development with Yonsei University. We are expecting to strengthen our IP portfolio by adding more patents going forward.”
Find the full release here at: [https://finance.yahoo.com/news/neo-battery-materials-announces-second-125400200.html](https://finance.yahoo.com/news/neo-battery-materials-announces-second-125400200.html)
This is not financial advice!!
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