Mr. Spencer Huh reports

NEO BATTERY PARTNERS WITH ASSOCIATION OF THE REPUBLIC OF KOREA ARMY TO STRENGTHEN KOREA'S MILITARY POWER WITH HIGH-ENERGY BATTERY TECHNOLOGY

Neo Battery Materials Ltd. has entered into a technical partnership for high-energy defence batteries for drones and robotics through a memorandum of understanding (MOU) with the Association of the Republic of Korea Army (AROKA) -- a military-affiliated organization representing the interests and advancements of the Republic of Korea (ROK) Army.

AROKA and Neo Battery aim to strengthen South Korea's military power and defence sector by collaborating on high-energy defence battery technologies for drones and robotics. By co-operating directly with a principal military-affiliated organization, the partnership provides Neo Battery with a structured channel to integrate into South Korea's defence ecosystem at an institutional level.

Under the MOU, both parties will pursue co-ordinated efforts spanning technical information exchange focused on high-energy battery solutions for defence platforms, joint development of energy innovations for national security applications and alignment across military-industry-academia-research networks for governmental projects. This framework positions the company to accelerate field-level deployment within the ROK Army and Ministry of National Defense and to build validated use cases that will support broader adoption by the United States, NATO (North Atlantic Treaty Organization) and allied countries.

"AROKA's institutional reach across Korea's defence network provides Neo with meaningful pathways for military procurement and validation of the company's Korea-made battery technologies," commented Spencer Huh, president and chief executive officer of Neo. "As Western and allied governments prioritize robust, non-Chinese battery supply chains for defence systems, our objective of Korean military integration will serve as a critical operational foundation for Neo's broader global market expansion. We view AROKA as a credible partner in executing this strategy."

The partnership advances Neo's phased Korea defence integration strategy, which includes the recent appointment of four-star General (retired) C.J. Ko, former acting chief of staff of the ROK Army, to the board of directors, and the development of high-performance drone battery cells that demonstrated a 98-per-cent increase in flight time versus commercial Chinese benchmarks in live field tests. With its 500-megawatt-hour expansion facility targeting larger-scale drone and robotics cell manufacturing, Neo intends to leverage these defence relationships, validated battery performance data and commercial-scale manufacturing capabilities to pursue structured evaluation within South Korea's military and allied defence organizations.

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 AI (artificial intelligence), electric vehicles and energy storage systems. With a patent-protected, low-cost silicon manufacturing process, Neo Battery enables longer-running and ultrafast-charging properties and provides end-to-end battery solutions from materials selection, cell architecture and process optimization. The company aims to be a globally leading producer of high-performance lithium-ion batteries and materials, building a secure, robust battery supply chain for Western manufacturers.

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