10:30 AM EST, 01/07/2025 (MT Newswires) -- NEO Battery Materials ( NBMFF ) on Tuesday announced the launch of an advanced high-performance silicon anode product with "breakthrough" battery capacity.

The NBMSiDE P-300 product line showed a 43% to 130% improvement in initial battery capacity over traditional graphite anodes with less material used, the company said.

NEO, which has submitted a patent application to safeguard the P-300 intellectual property, said it is expanding its strategic downstream focus to the space and eVTOL (electric vertical takeoff and landing) industries through solid-state batteries like the P-300..

"In 2025, NEO Battery Materials ( NBMFF ) is committed to diversifying the applications of our advanced silicon anode technology to capitalize on emerging opportunities in the rapidly growing space and eVTOL industries," said Spencer Huh, president and CEO of NEO. "These sectors represent significant market potential, driven by increasing demand for lightweight, high-performance, and thermally stable energy solutions. By targeting these transformative industries, along side our existing focus on electric vehicles, NEO aims to position itself at the forefront of innovation, addressing critical challenges and advancing energy storage technology to support the next generation of transportation and aerospace applications."

NEO was last seen up $0.02, to $0.77, on the TSX Venture Exchange.

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