Canada-based NEO Battery Materials has received its first purchase order valued at C$4.5 million ($3.2 million) over three years and secured a joint development agreement for high-performance battery products from an Asian manufacturer specializing in mission flight control systems for drones and unmanned aerial vehicles (UAVs).
Under the agreement, NEO will design and manufacture two battery products tailored to the customer’s drone and UAV systems. The first product will incorporate the P-200 silicon anode series to produce high-capacity, high-power-output batteries designed for short-duration, combat drone missions. The second product will use the P-300N silicon series for industrial and surveillance UAVs, enabling extended flight-time capabilities and heavier payload capacities.
Structured in a three-phased development, NEO will deliver batteries that have robust capacity retention and safety at high discharge rates and high specific energy exceeding 350 Wh/kg, compared with conventional drone batteries of 220-250 Wh/kg.
The customer intends to integrate NEO’s silicon battery products into its drone and UAV systems supplied to South Korean and Indian military and industrial companies in the Asia Pacific region.
“Our team from the globally-largest battery manufacturers, which has proven track record of commercializing complex battery products, aims to build a secure supply chain outside of China to become a Tier-1 battery solution vendor for US, European, and Asian drone/UAV manufacturers,” said Mr. Spencer Huh, President and CEO of NEO.
Source: NEO Battery Materials
