11:28 AM EDT, 07/23/2025 (MT Newswires) -- NEO Battery Materials ( NBMFF ) was last seen up 2% on Wednesday after the Korean Intellectual Property Office (KIPO) issued Notice of Allowances for two of its patents regarding the P-100 and P-200 silicon battery materials.

The company said it is in efforts to integrate the P-200 series for short-duration, high-capacity drone and defense-tech applications, in addition to ongoing efforts with the P-300N line for high cycle life.

The patents, named Silicon-Based Active Anode Material for Lithium Secondary Battery and Manufacturing Method Thereof I and Silicon-Based Active Anode Material for Lithium Secondary Battery and Manufacturing Method Thereof II, will be issued and registered upon the completion of post-filing documentation. The Silicon Patent I and Silicon Patent II protect the material properties and proprietary manufacturing process of the P-100 and P-200 products.

"Due to lower validation barriers for electronics compared to larger applications like electric vehicles, NEO expects that the P-200 series to have an expedited adoption timeline in existing electronics battery systems," said senior vice president of cell development J.S. Jeoung. "Targeting the electronics sector provides a strategic entry point with reduced commercialization friction, potentially enabling earlier revenue generation."

Shares of the company were last seen up $0.01 to $0.50 on the TSX Venture Exchange.

Price: 0.50, Change: +0.01, Percent Change: +2.04