- Collaborating
with Rockwell Automation, World’s Largest Company Dedicated to
Industrial Automation and Digital Transformation
- To Integrate
Advanced Automation Solutions to Improve Manufacturing Efficiency,
Quality Control, and Scalability for Silicon Anode Manufacturing
Process
- Enabling Digital
Tools for Real-Time Monitoring & Data-Driven Insights
NEO Battery Materials Ltd. (“NEO” or the
“Company”)
(TSXV:
NBM) (OTC: NBMFF), a low-cost
silicon anode materials developer that enables longer-running,
rapid-charging lithium-ion batteries, is pleased to collaborate
with Milwaukee, Wisconsin-based Rockwell Automation Inc.
(“Rockwell”) (NYSE: ROK), the world’s largest
company dedicated to industrial automation and digital
transformation. Through this collaboration, NEO aims to integrate
advanced automation solutions that will improve production
efficiency, quality control, and scalability at NEO’s planned
silicon anode manufacturing facility in Windsor, Ontario.
With NEO Battery’s development of its silicon
anode technology, Rockwell Automation intends to aid the Company
achieving operational readiness for large-scale, commercial
production. By implementing Rockwell’s advanced automation and
digitalization solutions, NEO will streamline its manufacturing
capabilities, optimize resource use, and support a more robust,
cost-effective production process. Digital tools will also enable
real-time monitoring and data-driven insights, supporting enhanced
decision-making and reducing leadtime to workflows.
“We are excited to grow the auto and EV battery
category in our industry,” said Brian Holte, Regional Vice
President, North America, of Sales Strategy and Transformation at
Rockwell Automation. “Supporting NEO’s growth is a strategic
imperative for us as we continue to establish our products and
solutions to scale the company’s output with higher efficiencies
and ultimately growth to both company’s bottom lines.”
As NEO Battery Materials commercializes its
facilities in Windsor, the Company envisions to expand operations
in the United States to pursue silicon anode manufacturing
activities and value-added projects. Rockwell Automation will be
engaged to help launch further facilities, such as in Ohio, in the
future.
“Teaming up with Rockwell Automation was a
strategic step to help us scale our battery materials
commercialization and production,” said Spencer Huh, President and
CEO of NEO Battery Materials. “The value proposition provided by
utilizing solutions from Rockwell will help grow and streamline
production, delivering the highest quality products to our
customers.”
About Rockwell Automation
Inc.Rockwell Automation, Inc. (NYSE: ROK), is a global
leader in industrial automation and digital transformation. We
connect the imaginations of people with the potential of technology
to expand what is humanly possible, making the world more
productive and more sustainable. Headquartered in Milwaukee,
Wisconsin, Rockwell Automation employs approximately 27,000 problem
solvers dedicated to our customers in more than 100 countries. To
learn more about how we are bringing the Connected Enterprise® to
life across industrial enterprises, visit
www.rockwellautomation.com.
About NEO Battery Materials
Ltd.NEO
Battery Materials is a Canadian battery
materials technology company focused on developing silicon anode
materials for lithium-ion batteries in electric vehicles,
electronics, and energy storage systems. With a patent-protected,
low-cost manufacturing process, NEO Battery enables longer-running
and ultra-fast charging batteries compared to existing
state-of-the-art technologies. The Company aims to be a
globally-leading producer of silicon anode materials for the
electric vehicle and energy storage industries. For more
information, please visit the Company’s website at:
https://www.neobatterymaterials.com/.
On Behalf of the Board of DirectorsSpencer
HuhDirector, President, and CEO
For Investor Relations, PR & More
Information:info@neobatterymaterials.comT: +1 (437)
451-7678
This news release includes certain
forward-looking statements as well as management's objectives,
strategies, beliefs and intentions. All information contained
herein that is not clearly historical in nature may constitute
forward-looking information. Generally, such forward-looking
information can be identified notably by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to: volatile
stock prices; the general global markets and economic conditions;
the possibility of write-downs and impairments; the risk associated
with the research and development of advanced and battery-related
technologies; the risk associated with the effectiveness and
feasibility of technologies that have not yet been tested or proven
on commercial scale; manufacturing process scale-up risks,
including maintaining consistent material quality, production
yields, and process reproducibility at a commercial scale;
compatibility issues with existing battery chemistries and
unforeseen the risks associated with entering into and maintaining
collaborations, joint ventures, or partnerships with battery cell
manufacturers, original equipment manufacturers, and various
companies in the global battery supply chain; the risks associated
with the construction, completion, and financing of commercial
facilities including the Windsor and South Korean facilities; the
risks associated with supply chain disruptions or cost fluctuations
in raw materials, processing chemicals, and additive prices,
impacting production costs and commercial viability; the risks
associated with uninsurable risks arising during the course of
research, development and production; competition faced by the
Company in securing experienced personnel and financing; access to
adequate infrastructure and resources to support battery materials
research and development activities; the risks associated with
changes in the technology regulatory regime governing the Company;
the risks associated with the timely execution of the Company’s
strategies and business plans; the risks associated with the
lithium-ion battery industry’s demand and adoption of the Company’s
silicon anode technology; market adoption and integration
challenges, including the difficulty of incorporating silicon
anodes within battery manufacturers and OEMs systems; the risks
associated with the various environmental and political regulations
the Company is subject to; risks related to regulatory and
permitting delays; the reliance on key personnel; liquidity risks;
the risk of litigation; risk management; and other risk factors as
identified in the Company’s recent Financial Statements and
MD&A and in recent securities filings for the Company which are
available on www.sedarplus.ca. Forward-looking information is based
on assumptions management believes to be reasonable at the time
such statements are made, including but not limited to, continued
R&D and commercialization activities, no material adverse
change in precursor prices, development and commercialization plans
to proceed in accordance with plans and such plans to achieve their
stated expected outcomes, receipt of required regulatory approvals,
and such other assumptions and factors as set out herein. Although
the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
the forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended.
There can be no assurance that such forward-looking information
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such
forward-looking information. Such forward-looking information has
been provided for the purpose of assisting investors in
understanding the Company's business, operations, research and
development, and commercialization plans and may not be appropriate
for other purposes. Accordingly, readers should not place undue
reliance on forward-looking information. Forward-looking
information is made as of the date of this presentation, and the
Company does not undertake to update such forward-looking
information except in accordance with applicable securities
laws.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of
theTSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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