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Yahoo
25-04-2025
- Business
- Yahoo
NEO Battery Materials Appoints Kenneth Hoffman, Distinguished Battery Industry Leader and Former McKinsey's Global Head of Battery Materials, as New Director
TORONTO, April 25, 2025 (GLOBE NEWSWIRE) -- NEO Battery Materials Ltd. ('NEO' or the 'Company') (TSXV: NBM) (OTC: NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, as part of the Battery Board Transition Initiative, is highly pleased to announce the appointment of Mr. Kenneth Hoffman, CFA, CIM, to its Board of Directors, effective immediately. Mr. Hoffman is an internationally distinguished expert in battery materials with over 30 years of experience in investment management, energy, and metals and mining. Previously, Mr. Hoffman was the Global Head of Battery Materials at McKinsey & Company, where he advised on strategic planning, supply chain integration, and capital raising for clients across the global battery value chain. He has conducted more than 100 due diligences involving battery technologies and critical mineral assets and developed AI-enabled evaluation frameworks for leading industry stakeholders. Prior to McKinsey, Mr. Hoffman served as the Global Head of Bloomberg Metals & Mining Research at Bloomberg and has held senior investment positions as a Portfolio Manager and Global Director of Research for prominent, large-AUM funds, including Millennium Partners and MarCap Investors. As a member of NEO's Board of Directors, Mr. Hoffman will provide strategic support for industry partnerships, battery market expansion, and corporate development, reinforcing the Company's position as a leading battery materials innovator. Moreover, his extensive global network and expert understanding of the global battery and investment landscape will be instrumental in advancing NEO's commercialization of its silicon anode technology. In addition to his corporate roles, Mr. Hoffman is frequently invited as a keynote speaker at international forums and conferences, including PDAC, Saudi Arabia's Future Minerals Forum, Fastmarkets events, and London Metal Exchange conferences. He also serves as a Director of North America's largest battery industry event, The Battery Show, and is a special advisor to Pure Lithium, a Boston-based lithium metal battery technology company. Mr. Kenneth Hoffman commented, 'The world is looking for faster charging, less expensive, and higher density batteries. Being able to produce lower cost silicon anodes that enable faster charging and longer cycle life will be a key improvement in battery technology. I look forward to working with NEO as they look to solve these problems facing current silicon anodes.' Mr. Spencer Huh, President and Chief Executive Officer of NEO, stated, 'We are greatly excited to invite Ken onto NEO's Board. Ken brings exceptional industry insight and strategic capabilities to the Company. His expertise in battery technology, supply chain development, and investment strategy will prove invaluable as we accelerate the commercialization of our silicon anode technology.' As a part of director compensation, the Company has granted incentive stock options (the 'Options') to Mr. Hoffman to acquire an aggregate of 300,000 common shares in accordance with the Company's 10% rolling stock option plan. Subject to the terms of the stock option agreement, all Options were granted at an exercise price of $0.60 with an expiry date of April 25, 2025, in which 150,000 Options will vest immediately and the remainder in four (4) months from the date of grant. 2025 Annual General and Special Meeting of Shareholders The annual general and special meeting (the 'Meeting) of shareholders of the Company will be held on June 4, 2025 at 11:00 ET. Proxy materials, including the management information circular and the form of proxy, can be found on the Company's website at or on SEDAR+ at All proxies must be received by June 2, 2025 at 11:00 ET. Only shareholders of record at the close of business on the record date of April 15, 2025, will be entitled to receive notice of and vote at the Meeting. NEO Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fast charging batteries compared to existing state-of-the-art technologies. The Company aims to be a globally-leading producer of silicon anode materials for the electric vehicle and energy storage industries. For more information, please visit the Company's website at: On Behalf of the Board of DirectorsSpencer HuhDirector, President, and CEO For Investor Relations, PR & More Information:info@ +1 (437) 451-7678 This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified notably by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: volatile stock prices; the general global markets and economic conditions; the possibility of write-downs and impairments; the risk associated with the research and development of advanced and battery-related technologies; the risk associated with the effectiveness and feasibility of technologies that have not yet been tested or proven on commercial scale; manufacturing process scale-up risks, including maintaining consistent material quality, production yields, and process reproducibility at a commercial scale; compatibility issues with existing battery chemistries and unforeseen the risks associated with entering into and maintaining collaborations, joint ventures, or partnerships with battery cell manufacturers, original equipment manufacturers, and various companies in the global battery supply chain; the risks associated with the construction, completion, and financing of commercial facilities including the Windsor and South Korean facilities; the risks associated with supply chain disruptions or cost fluctuations in raw materials, processing chemicals, and additive prices, impacting production costs and commercial viability; the risks associated with uninsurable risks arising during the course of research, development and production; competition faced by the Company in securing experienced personnel and financing; access to adequate infrastructure and resources to support battery materials research and development activities; the risks associated with changes in the technology regulatory regime governing the Company; the risks associated with the timely execution of the Company's strategies and business plans; the risks associated with the lithium-ion battery industry's demand and adoption of the Company's silicon anode technology; market adoption and integration challenges, including the difficulty of incorporating silicon anodes within battery manufacturers and OEMs systems; the risks associated with the various environmental and political regulations the Company is subject to; risks related to regulatory and permitting delays; the reliance on key personnel; liquidity risks; the risk of litigation; risk management; and other risk factors as identified in the Company's recent Financial Statements and MD&A and in recent securities filings for the Company which are available on Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued R&D and commercialization activities, no material adverse change in precursor prices, development and commercialization plans to proceed in accordance with plans and such plans to achieve their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations, research and development, and commercialization plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this presentation, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Associated Press
22-04-2025
- Automotive
- Associated Press
Inaugural Battery Show South Marks Southeast's Rise in EV Leadership and Global Competitiveness
ATLANTA, GA / ACCESS Newswire / April 22, 2025 / The Battery Show South and Electric & Hybrid Vehicle Technology Expo South, co-located with Energy Storage South, the southeast region's first-ever event for battery manufacturing and electric vehicle technology, successfully launched at the Georgia World Congress Center welcoming 3,000 engineers, manufacturers, policymakers and innovators from across the 'Battery Belt' and beyond. The inaugural expo showcased Georgia and surrounding southern states as the emerging critical engine for electrification advancement, supply chain resilience and clean energy leadership in the U.S. South Carolina Governor Henry McMaster opened the event detailing the South's history in driving American manufacturing ingenuity and its contributions to national economic prosperity, providing a reimagination of the Battery Belt's significance to auto manufacturing innovation. The keynote highlighted the region's $4.3 billion recent investments, and the strategic leadership South Carolina continues to provide in EV and clean energy. Cristina Paredes of SC Nexus and Christian Hofer of Key Capture Energy followed, exploring economic opportunities in the South and real-world lessons from energy storage operations across U.S. markets. Georgia Network for Electric Mobility's most recent report shares that Georgia leads the nation in EV battery and vehicle manufacturing investments with over $31 billion and generated more than 38,000 jobs throughout the last decade, pacing even past Michigan by over $10 billion in investments across the same time period, marking Georgia's rapid rise to leading the global EV ecosystem. 'Atlanta is at the forefront of innovation, and launching The Battery Show South in the epicenter of the Battery Belt signifies The Battery Show meeting the industry where it is growing the fastest, at a crucial point when the battery landscape is evolving,' says Shamara Ray, Group Event Director, Informa Markets Engineering. 'As we navigate the future of national and international manufacturing, delivery, infrastructure and adoption intricacies, hosting conversations with these regional leaders and best-in-class industry powerhouses provides timely insight on how to stay competitive on the global stage. We aim to increase regional sourcing and strategic partnerships to strengthen supply chain resilience.' Robust educational programming drew high engagement across four dedicated conference tracks, focusing on battery development, battery in use, EV/HEV technology and energy storage. Sessions delved into everything from battery recycling and safety to AI-driven testing, grid-scale energy storage and supply chain integration. The show floor, anchored by the Open Tech Forum, Tech Theatre and series of New Product Showcases, provided a platform to highlight the sector's ongoing developments toward expanding The Battery Belt's impact. 'Conference chair John Warner's opening remarks outlined critical challenges facing the industry. Governor of South Carolina Henry McMaster described advantages for manufacturers in his state, and the Battery Belt, and brimmed with confidence over the future of the US industry. A panel of experts spoke about preparing for variabilities of the new national administration, showing optimistically a path to forge forward. All this was just a sample of the conversations hosted at The Battery Show South, a wealth of invaluable information.' Michael Anderson, Editor-in-Chief, Battery Technology. 'The Southeast, now also known as the Battery Belt, is becoming the heartbeat of America's electric future. The Georgia Network for Electric Mobility (GNEM), is proud to be working at the center of this transformation in Georgia, where over $30 billion in EV investment and 38,000 jobs have been created or announced in the past decade. Through research, infrastructure, workforce and community development and strategic partnerships like MAGNET, we are helping shape a national blueprint for electrification. I am honored to play a small part in driving economic development in the region.' Gabrielle Pierre, Strategy Lead and Senior Fellow, Georgia Network for Electric Mobility (GNEM). More than 250 companies exhibited on the expo floor, including Cox Automotive, DuPont, Panasonic Connect North America, Chroma, American Battery Solutions, Zeiss Industrial Quality Solutions, Ampherr, ATS Industrial Automation, TA Instruments, Hitachi, Honeywell, Hongfa, Bosch and Fluor. , co-located with Energy Storage South returns April 22-23, 2026 at the Charlotte Convention Center in Charlotte, North Carolina. The excitement of this year continues with the upcoming annually anticipated tentpole battery events, taking place this summer, June 3-5 in Messe Stuttgart, Germany as well as October 6-9 at Huntington Place, Detroit, Michigan. Early registration is encouraged to take advantage of advance networking opportunities and more. About The Battery Show The Battery Show is the largest and most comprehensive advanced battery technology event, co-located with Electric & Hybrid Vehicle Technology Expo, the only trade show and conference exclusively dedicated to advanced battery and the electric and hybrid vehicle drivetrain. Visitors to our shows can discover and demo the latest products, technology, and solutions from nearly a thousand suppliers, network with tens of thousands of attendees and access a breadth of education across multiple tracks and technical sessions. The Battery Show is organized by Informa Markets Engineering and includes The Battery Show Europe, The Battery Show North America, The Battery Show India and the recently launched The Battery Show South, The Battery Show Asia and The Battery Show Middle East. Official listed media partners include Informa Markets' Battery Technology and DesignNews. For more information, please visit . About Informa Markets Engineering Informa Markets Engineering is the leading B2B event producer, publisher, and digital media business for the world's $3-trillion advanced, technology-based manufacturing industry. Our print and electronic products deliver trusted information to the engineering market and leverage our proprietary 1.3-million-name database to connect suppliers with buyers and purchase influencers. We produce more than 50 events and conferences in a dozen countries, connecting manufacturing professionals from around the globe. The Engineering portfolio is organized by Informa Markets, a subsidiary of Informa plc (LON:INF), the world's leading exhibitions organizer that brings a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit . Media Contact Informa Markets Engineering PRSOURCE: INFORMA MARKETS - ENGINEERING press release
Business Wire
21-04-2025
- Business
- Business Wire
Leading Global Battery Expert Kenneth Hoffman to Join Pure Lithium as Special Advisor
BOSTON--(BUSINESS WIRE)--Pure Lithium Corporation, a disruptive Boston-based vertically integrated lithium metal battery technology company, announces that Kenneth Hoffman (CFA, CIM) will join the company as a Special Advisor, leveraging his vast experience across the battery value chain to advance our drive towards full commercialization. Mr. Hoffman, who was previously Global Head of Battery Materials at McKinsey, will be a crucial asset for Pure Lithium's commercialization strategy and development of partnerships. Working directly with Pure Lithium CEO Emilie Bodoin, he will bring a deep understanding of batteries and a unique ability to connect market dynamics with operational decision making that will be invaluable for Pure Lithium. Pure Lithium Founder and CEO Emilie Bodoin said: 'I feel very privileged to bring Ken aboard at this crucial time in Pure Lithium's evolution. He is simply one of the leading experts on batteries, forming partnerships and developing successful businesses in energy storage. We are sure that he going to make a major contribution to Pure Lithium as we move toward commercial production of our next-generation lithium metal vanadium battery.' Mr. Hoffman has spent more than 25 years in investing, managing and directing tens of billions of dollars as a Portfolio Manager, and global Director of Research for various large funds including Millennium Partners and Reservoir Capital. His broad, hands-on experience as an investor and consultant will help Pure Lithium identify and capitalize on business and financial opportunities and bring vast insight to mitigating supply chain risks. In late 2016, Mr. Hoffman agreed to join McKinsey's Global Energy & Mining practice (GEM) to lead mining company strategy in gold, copper, nickel, manganese and lithium as well as battery raw material value chains. He has worked on more than 100 due diligences from the analysis of lithium assets to the study of more than a dozen direct lithium extraction technologies. He is one of the main presenters at metal and mining forums as well as global battery conferences and global media, including an opening keynote at PDAC, The Future Minerals Forum in Riyadh, Fastmarkets events in Asia, North America, Europe and South America, the London Metals Exchange Week conferences in Hong Kong and London and Australia's AUSIMM general gathering. Mr. Hoffman is a Director of 'The Battery Show,' the largest battery event in North America. About Pure Lithium Pure Lithium is a disruptive Boston-based lithium metal battery technology company led by its founders, inventor and lithium expert, CEO Emilie Bodoin, and world-renowned battery and metallurgical expert, MIT Emeritus Professor Donald R. Sadoway, as full-time CSO. The Company's novel Brine to Battery™ technology combines metal extraction and anode production, bypassing traditional lithium compound production. The resulting pure lithium metal anode is the core component of our lithium metal vanadium oxide battery, a step-change improvement over today's lithium-ion technology in cell performance, cost and safety. Additionally, the battery is free of graphite, cobalt, nickel and manganese. For more information, visit or email news@
Trade Arabia
08-04-2025
- Business
- Trade Arabia
Middle East Energy 2025 opens in Dubai
The Middle East Energy 2025, the region's leading industry summit, opened its doors today (April 7) in Dubai drawing more than 1,600 energy suppliers from across the globe who will be showcasing their latest innovations and new-to-market technologies. Supported by the UAE Ministry of Energy and Infrastructure, this year marks the 49th edition of Middle East Energy, the region's leading energy summit. Running until April 9 at Dubai World Trade Centre, more than 150 energy leaders and experts are exploring transformative sector innovations, global energy market dynamics, and how Artificial Intelligence is helping enable a sustainable, affordable energy future. It was inaugurated by Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, in the presence of senior officials. Speaking during the opening tour, Sheikh Ahmed highlighted the significance of Middle East Energy 2025 in supporting the transition to sustainable energy and enhancing the UAE's position as a global hub for innovation in the energy sector. He also emphasised that the exhibition serves as a leading platform for bringing together prominent experts and local and international companies to showcase the latest innovations shaping the future of the energy industry. "The continued organisation of Middle East Energy for a 49th consecutive year in Dubai reflects international confidence in the emirate as a strategic centre for conferences and exhibitions, and reinforces its role in leading the global dialogue on energy security and sustainability," he stated. In the opening sessions of the Leadership Summit, a keynote speech from Saeed Mohammed Al Tayer, Vice Chairman, Dubai Supreme Council of Energy, outlined the UAE's plans to make its grid one of the cleanest in the world by 2030 through renewable mega-projects in both Abu Dhabi and Dubai. The inaugural edition of The Battery Show, which runs alongside Middle East Energy 2025, saw its three-day conference officially open with a presentation into the power of government and industry partnerships to boost green mobility adoption. More than 40,000 global energy professionals, including more than 500 key buyers, are expected to visit DWTC before April 9 to explore industry innovations from more than 90 countries, said its organisers Informa Markets. Sixteen halls, with 17 international pavilions within them, are packed with solutions spanning the full energy value chain, from power generation and storage to clean mobility and smart grid technologies. Mark Ring, Group Director, Energy Events at Informa Markets, said this year's event is providing a critical platform to secure stability and identify new opportunities in the energy sector. "The next three days will feature key discussions, as signalled by the calibre of discussions that are taking place throughout the first day, all of which are critical to navigating how market dynamics, AI, and Public-Private Partnerships (PPPs) will help in achieving the global energy market's goals for a sustainable future," he noted.
Emirates 24/7
07-04-2025
- Business
- Emirates 24/7
Ahmed bin Saeed opens Middle East Energy 2025
H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, officially inaugurated Middle East Energy 2025 today as more than 1,600 energy suppliers from across the globe started a three-day showcase of their latest innovations and new-to-market technologies. Supported by the UAE Ministry of Energy and Infrastructure, this year marks the 49th edition of Middle East Energy, the region's leading energy summit. Running until April 9 at Dubai World Trade Centre, more than 150 energy leaders and experts are exploring transformative sector innovations, global energy market dynamics, and how Artificial Intelligence is helping enable a sustainable, affordable energy future. H.H. Sheikh Ahmed bin Saeed affirmed that the UAE, thanks to the wise vision and sound directives of its wise leadership, headed by President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has become a global model to be emulated in the process of transitioning to a green economy and enhancing reliance on renewable and clean energy sources. Speaking during the opening tour, H.H. Sheikh Ahmed bin Saeed highlighted the significance of Middle East Energy 2025 in supporting the transition to sustainable energy and enhancing the UAE's position as a global hub for innovation in the energy sector. H.H. also emphasised that the exhibition serves as a leading platform for bringing together prominent experts and local and international companies to showcase the latest innovations shaping the future of the energy industry. 'The continued organisation of Middle East Energy for a 49th consecutive year in Dubai reflects international confidence in the emirate as a strategic centre for conferences and exhibitions, and reinforces its role in leading the global dialogue on energy security and sustainability,' said Sheikh Ahmed. In the opening sessions of the Leadership Summit, a keynote speech from Saeed Mohammed Al Tayer, Vice Chairman, Dubai Supreme Council of Energy, outlined the UAE's plans to make its grid one of the cleanest in the world by 2030 through renewable mega-projects in both Abu Dhabi and Dubai. The inaugural edition of The Battery Show, which runs alongside Middle East Energy 2025, saw its three-day conference officially open with a presentation into the power of government and industry partnerships to boost green mobility adoption. More than 40,000 global energy professionals, including more than 500 key buyers, are expected to visit DWTC before April 9 to explore industry innovations from more than 90 countries. Sixteen halls, with 17 international pavilions within them, are packed with solutions spanning the full energy value chain, from power generation and storage to clean mobility and smart grid technologies. Mark Ring, Group Director, Energy Events at Informa Markets, the event organisers, said this year's event is providing a critical platform to secure stability and identify new opportunities in the energy sector. 'The next three days will feature key discussions, as signalled by the calibre of discussions that are taking place throughout the first day, all of which are critical to navigating how market dynamics, AI, and Public-Private Partnerships (PPPs) will help in achieving the global energy market's goals for a sustainable future.' 'With the addition of The Battery Show, the 49th edition of Middle East Energy is bringing the global industry together to discuss how we can holistically shape the future of energy.' Follow Emirates 24|7 on Google News.
