Mr. Spencer Huh reports

NEO BATTERY CONTRACTED BY SOUTH KOREAN DEFENSE PRIME & TIER-1 BATTERY PACK MANUFACTURER TO DEVELOP CUSTOM BATTERIES FOR DEFENSE PROGRAM

Neo Battery Materials Ltd. has been contracted by a South Korean defense prime and Tier-1 Korean battery pack company to develop and manufacture custom-built, high-performance batteries for an undisclosed defence project.

Under the A-sample phase, Neo will supply initial battery prototypes for electrochemical and mechanical testing to verify performance and quality against the project's requirements. Upon successful evaluation of A-samples, the program is expected to progress to larger pilot orders with B-sample manufacturing and evaluation, followed by subsequent volume production. The contract advances Neo's Korean Defence Integration Strategy under which the company serves as a flexible, high-performance cell partner to established defence integrators, supplying qualified, domestically manufactured batteries into packs and systems for Korean defence applications.

"This contract reflects our continued progress in engaging larger organizations and converting them into customers," said Spencer Huh, president and chief executive officer of Neo. "Working with a major defence prime and an established pack manufacturer has formed another pathway into the Korean defence supply chain. Neo's engineering and manufacturing team are focused on fulfilling the customers' validation requirements and supporting the program through its next phases as a potential anchor vendor."

About Neo Battery Materials Ltd.

Neo Battery Materials is a Canadian-South Korean battery technology company focused on developing and producing silicon-enhanced lithium-ion batteries in drones, robotics, physical artificial intelligence, electric vehicles and energy storage systems.

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