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NEO Battery Materials Gets Purchase Order for 34Ah Drone Battery Cells

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NEO Battery Materials (NBM.V) received a purchase order for 10,000 units of its 34 ampere-hour (Ah) drone battery cells from a South Korean battery pack manufacturer, the company said Wednesday.

In addition to the drone batteries, the client, PM Energy, will collaborate with Neo to develop high-energy battery cells for its TeraVitz e-mobility/electric motorcycle products that are used in Southeast Asia.

Neo Battery's 11.5Ah battery product for commercial sale and distribution in Korea has also been certified, a statement said.

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