NEO Battery Materials secures C$4.5 million purchase order

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NEO Battery Materials (OTCPK:NBMFF) announced on Friday that it received its first, multi-year purchase order valued at C$4.5 million with an Asian manufacturer specializing in AI-powered mission flight control systems for drones and unmanned aerial vehicles.
NEO also secured a joint development agreement (JDA) for high-performance battery products with the consumer.
Under the JDA, the battery maker will design and manufacture two advanced battery products tailored to the customer’s drone/UAV systems.
Source: Press Release

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