 Want to learn about stocks, cryptocurrencies, NFTs, and the metaverse? Join RichTV.io Hi, how's everybody doing today? I'm your host, Rich. Here we have RichTV Live with our very special guest, the corporate development manager of NeoBattery Materials, Danny. How are you doing today, Danny? Very good. How are you? I'm doing fantastic. And before we get started, I want to bring everyone's attention to the symbols in Canada for NeoBattery Materials, NBM, and in America, NBMFF. And for those that are new to NeoBattery Materials, then you could give us a brief overview on what the company is currently developing within the EV lithium ion battery industry. For sure. So NBM, Neo, is currently developing a novel technology called Silicon anode materials. As many may know, graphite is used as the main anode material for all lithium ion batteries today in EVs and other electronic devices. But graphite itself is a main source of the technical problems such as slow charging, limited EV runtime and increase in costs in the electric vehicle, as well as the battery as well. So adding silicon into the anode material can effectively alleviate all of these problems. But what sets apart Neo from our competitors is our proprietary single step nano coding manufacturing process and our products that use the lowest cost silicon inputs. And we're pretty confident to say that this makes us one of the lowest cost producers on the global scale. And with the management team from a high profile battery companies such as LG and Samsung, we've established over about 50 relationships with global battery and EV manufacturers, financial institutions, and chemical material companies. We have a clear roadmap to commercialization and we're expediting this process through active material testing and agile optimization at the moment. Very excited to see you guys continue to progress. And in light of last week's news, could you explain to the viewers the technology milestone Neo battery has achieved and what significance it holds for the company? Yes, so last week on Tuesday, we have announced a major technology milestone for Neo's one step nano coding manufacturing process. So what we have accomplished is the consistent capability to uniformly nano-coat the silicon particles during manufacturing. Now some viewers might actually question what's so great about this, but in our technology, uniformly coding the silicon is especially important because the coding effectiveness is what determines the runtime, the longevity, as well as the ultra fast charging performance of our materials. And uniformly coding materials on the nano scale is actually extremely difficult for any company of any size. And it was actually especially difficult for us because silicon comes in a plate shaped structure, meaning that it's not spherical around, but it's very rigid pointy. And because of this accomplishment, we've garnered great interest from third party industry experts and companies as well. And to dive a little more technical, silicon goes through a huge volume expansion problem of about 300%, which is four times compared to its original size. And when we charge our EVs or devices, and because of this volume expansion problem, regular silicon breaks down very fast and without the right processing technology, we can't use it on the commercial level still. But what Neo battery material does is we encapsulate or encase the silicon particles with a robust nano coding material to resolve this expansion issue. So previously, although good capacity and ultra fast charging were achieved, the non uniform and inconsistent coatings often resulted in substantive performance due to the breakdown from that expansion. But with this new manufacturing breakthrough, Neo can uniformly code the materials around any kind of shapes of silicon. And this means we can drastically enhance the capacity retention, improve the charging speeds and enable coating thickness control, which are all game changing in the silicon outspace today. Now we love breakthroughs here on Rich TV Live. Danny, are there any significant changes to the manufacturing process that are required to enable the uniform coding capability? Well, the short answer is no. So although we do mention that an additional solution process has enabled that uniform coding capability, we do not change or modify the base process or equipment being used. So what we are doing different is that we use new process conditions, solution formulations and additive materials to enable the uniform coding capability. So simply put, we have just optimized our systems, formulations and materials to enable that uniform coding capability. So this effectively means that there are no cost shifting or cost increasing changes to the current nano coding process. And we can ensure that there will be no delays or hindrances to our commercialization timeline. So the uniform coding capability is just an additional advantage that we have attained in which we can use as a unique and advantageous value proposition in the battery industry. Now in the news, you also mentioned that the company may supply silicon anodes that are 70% cheaper compared to current competitors. Could you explain how the optimized one step process enables this? Yes, so we are certain that Neo is pulling off one of the hardest yet unique manufacturing technologies in the industry today. And this is because making processes in the chemical industry simple and energy efficient are always a significant engineering challenge. In an ideal world, we would want low costs and simplicity, but that's just not the case for the world we live in today. We're sure pursuing popular and available silicon anode options would be easier, but the industry requires differentiation so that silicon anodes can be provided at lowered costs while the performance is improved. But at Neo battery materials, we are just doing that. We take a completely different approach to manufacturing because we use a simple and almost a mechanical process to nano code the silicon with robust materials. So currently, many in the industry implement high cost engineering systems such as chemical vapor deposition, physical vapor deposition or atomic layer deposition, very scary words. Although performable performance results can be realized through these engineering methods, the costs are just too high for mass implementation. And also just to one up the industry, Neo uses one of the most cheap ubiquitous silicon input feedstock called metallurgical grade silicon. So this type of silicon is 10 times cheaper compared to a current competitors use so we can realize another area of cost savings on top of our manufacturing process. So when we couple the low cost process as well as low cost inputs, these are the two substantial value propositions that will allow us to supply silicon anodes that are 70% cheaper than current market option. Danny to wrap things up, what can investors expect to hear in the near future with regards to business and technology developments? Yeah, so as we have discussed today, neo bad materials is making significant advancements in both technology, business developments and R&D capacity as well. We have commercialization on track for the first half of 2024 and as announced, our team completed the request for quote or RQ process and receive construction quotes from contractors in South Korea. And it will be probably negotiating with each party and selecting the best contractor for the project. And once this negotiation is completed, we can expect the initial construction phase to commence. And in terms of R&D, we are establishing more relationships by the day with battery cell and material manufacturers, EV automakers and various battery industry companies. These players have been especially impressed by our unique approach to manufacturing and the low cost characteristics and active material evaluation between parties have allowed such technology milestones to happen. And we are more than excited and confident to establish meaningful contracts with these firms. And as we also settle into Ontario and the US as well, we'll start to advance our projects here in North America, and we are aiming to target non diluted funding as a substantial source of funding for these projects. And we hope to bring positive news and developments very soon. And we also hope everyone is excited for our commercialization. Well, we know we're very excited about your commercialization and all of your updates and your progress and you're moving into the United States. It's very, very exciting. Congratulations on all your success so far. Corporate Development Manager Danny, huh? Thank you for joining us today, Danny. Thank you so much, Richard. Always a pleasure and I must remind you that Rich TV Live is strictly for information and education purposes. Past performance is not always an indication of future results. Please do your due diligence, do your research before you invest in anything we talk about or discuss in saying that we believe that neobatter materials is very undervalued, underappreciated, underexposed. The symbol on your radar, once again, the symbol in Canada is NBM. The symbol in America is NBMFF, Neobatter Materials. If you're not winning, you're probably not watching. We're bringing the winners, we're bringing the news, CEO interviews, chart analysis, breaking news, and we bring them to you first. Thank you for joining us today, Danny, huh? Corporate Development Manager of Neobatter Materials. And for those that are watching, thank you for watching everybody. We'll see you soon.