NEO Battery Partners with VC- Backed LFP Startup, Nascent Materials Inc., to Develop High- Performance Lithium-lon Batteries for Defense Drones and Al Energy Storage Systems
Joint Product Development Agreement with Venture Capital-Backed LFP Cathode Materials Company, Nascent Materials Inc.
Partnership to Co-Develop Advanced, Low-Cost Lithium-ion Batteries for Defense and AI Energy Storage Sectors
Integrating NEO’s Silicon Anode Materials with Nascent’s LFP Cathode Materials for Enhanced Battery Performance and Characteristics
NEO Battery Materials Ltd. (“NEO” or the “Company”) (TSXV: NBM) (OTC: NBMFF), a low-cost, silicon-enhanced battery materials and components developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to enter into a Joint Product Development Agreement (“JPDA”) with Nascent Materials Inc. (“Nascent”), a U.S.-based advanced materials technology company specializing in the development and production of high-performance lithium-iron-phosphate (LFP) cathode materials for lithium-ion batteries.
Through the JPDA, NEO and Nascent will jointly design and develop high-performance lithium-ion batteries by integrating NEO’s silicon anode materials with Nascent’s proprietary LFP cathode materials. The collaboration will target two application-specific battery systems: (i) high-energy-density batteries for defense drone systems, and (ii) energy storage systems (ESS) for AI data centers and power grid storage.
For the defense drone battery project, NEO and Nascent will develop low-cost, lightweight, and energy-dense batteries designed to extend the range and mission capability of unmanned aerial vehicles (UAVs), overcoming the limitation of LFP integration in current lithium batteries. In parallel, the energy storage initiative will focus on developing a durable, large-capacity battery system capable of supporting the increasing power demands of AI data centers and modern power grids. Both projects aim to deliver batteries that combine longer operational times, faster charging rates, and enhanced safety.
Building out the U.S. and North American battery supply chain, Nascent specializes in developing advanced cathode materials, including LFP and Lithium Manganese Iron Phosphate (LMFP) compositions. Nascent employs a patented precursor-cathode-active-materials-free thermo-fusion synthesis process – a proprietary manufacturing technology designed to lower production costs and enhance material safety.
“Our collaboration with NEO Battery represents a critical step toward integrating next-generation anode and cathode technologies that redefine what is possible in lithium-ion performance,” said Chaitanya Sharma, CEO of Nascent Materials Inc. “By combining NEO’s silicon-based anode innovation with our proprietary LFP and LMFP cathode technologies, we are enabling a new class of batteries that unite high energy density, rapid charge rates, and exceptional safety — essential for defense, drone, and AI energy storage applications. This partnership underscores our shared commitment to reshoring advanced battery manufacturing in North America and accelerating the electrification of critical industries.”
About Nascent Materials Inc.
Nascent Materials, Inc. develops advanced manufacturing technologies to produce cost-effective, high-performance cathode materials for lithium-ion batteries. Headquartered in Newark, NJ and backed by top-tier investors, the company’s mission is to strengthen the U.S. battery supply chain through breakthrough innovation in materials science.
For more information, please visit Nascent’s website at: https://nascentmaterials.com/.
About NEO Battery Materials Ltd.
NEO Battery Materials is a Canadian battery technology company focused on developing and producing silicon-enhanced lithium-ion batteries in drones, unmanned aerial vehicles (UAV), robotics, unmanned systems, electronics, electric vehicles, and energy storage systems for AI data centers. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fast charging batteries 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 battery components and materials, building a secure, robust battery supply chain in North America.
For more information, please visit the Company’s website at: https://www.neobatterymaterials.com/