SINGAPORE, March 8, 2024 (GLOBE NEWSWIRE) — highlight:
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Neogen secured a three-year marketing and sales license for noco-noco's X-SEPA™ technology, with the goal of eventually manufacturing X-SEPA.TM Indian delimiter.
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The technological synergy of noco-noco's innovative X-SEPA™ separator technology blended with Neogen's electrolytes provides pioneering solutions to a wider range of customers.
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noco-noco (NASDAQ: NCNC) aims to leverage Neogen's extensive customer network in India's battery manufacturing sector to quickly enter India's fast-growing electric mobility and energy storage market.
Singapore/India, 7th March 2024 – Neogen Ionics (India) Ltd (“Neogen”), a wholly-owned subsidiary of Indian listed company Neogen Chemicals Ltd, exhibited at the 2024 International Rechargeable Battery Exhibition held recently in Tokyo.NSE: Neogen), we introduced a wide range of rechargeable batteries, especially the revolutionary X-SEPA.TM The exhibition was a success, attracting great attention and great interest.
In early January of this year, Neogen and noco-noco Pte.Nasdaq: NCNC), officially signed a strategic marketing and sales memorandum. This agreement paves the way for Neogen to introduce Nokonoko's innovative His X-SEPA™ battery separator technology to the Indian market, with the ultimate goal of manufacturing His X-SEPA.TM Domestic separator.
The partnership aims to leverage the superior performance capabilities of X-SEPA™ to drive growth in India's energy storage ecosystem and electric mobility sector.
Rechargeable Battery EXPO, Tokyo: Neogen Ionics and noco-noco (via noco-tech) collaborate to exhibit and sell X-SEPATM
From left: Mr. Kawai (Nokonoko), Mr. Mehta (Neogen), Mr. Kadam (Neogen), and Mr. Moriya (Nokonoko).
Accelerate market entry with a wide range of applications
Over the next three years, noco-noco will work with Neogen as a trusted strategic partner to market and sell X-SEPA™ products and technology in India. This partnership aims to increase market penetration and establish a strong presence in the Indian energy storage and electric mobility markets. Leveraging Neogen's extensive customer network of cell and battery manufacturers across the country, noco-noco aims to accelerate the adoption of his X-SEPA™ technology across India.
The partnership comes at a strategic time as the Indian lithium-ion battery manufacturer is planning a major expansion that will see a significant increase in production capacity.industry report The Indian lithium-ion battery market is expected to have a compound annual growth rate (CAGR) of 22.1% with an estimated total revenue of over USD 16 billion by 2031. This partnership positions Noconoco as a key player in this high-growth market, creating a long-term partnership and contributing to a sustainable energy storage value chain.
Combining technologies for advanced battery solutions
The second aspect of this collaboration involves integrating noco-noco's X-SEPA™ technology with Neogen's proprietary electrolytes to improve rechargeable battery performance.
Neogen is India's leading battery chemicals company, specializing in the manufacture of lithium-ion battery materials with a focus on electrolytes and lithium salts.
Integration of Neogen's electrolytes and noco-noco's breakthrough X-SEPA™ technology pioneers longer-lasting, more reliable rechargeable batteries tailored to meet India's diverse market demands A unique solution will be created. These demands range from extreme seasonal temperature changes to the need for affordable, long-lasting batteries for widespread two- and three-wheeler transportation and a wide range of energy storage applications.
The X-SEPA™ separator powers the battery and provides an extended life of 3000 cycles at 60°C, high performance at 0°C, and 1 hour of abnormality tolerance at 150°C. In collaboration with Neogen Electrolytes, we will explore new battery formulations to accelerate the adoption and market penetration of X-SEPA™ across India.
Masataka Matsumura, CEO of Nokonoko, says:
“Our collaboration with Neogen, a leading player in the Indian battery materials industry, is more than just a business partnership. Addressing the pressing need for sustainable battery applications as storage demand soars.” We are extremely enthusiastic about the future, working together to increase corporate value and drive innovation. . ”
Follow the flow from showcase to collaboration
The origins of this strategic partnership date back to an event where Neogen hosted a major industry seminar featuring Dr. Kanemura, a renowned engineer who spearheads X-SEPA™ research and development at 3DOM in Japan. This led to his India Battery Show in October 2023, where Neogen showcased his X-SEPA™ technology and attracted significant interest from cell and battery companies in the country.
Dr. Kiyoshi Kanemura, a respected expert in the field of electrochemical cell research, pioneered the development of 3DOM separators. He is currently Professor Emeritus of the Faculty of Urban Environmental Science, Tokyo Metropolitan University. He has served as an associate professor at the Faculty of Engineering, Kyoto University. He is an associate professor at Tokyo Metropolitan University and a professor of applied chemistry at the Graduate School of Engineering, the University of Tokyo. He serves as a review committee member for the New Energy and Industrial Technology Development Organization (NEDO) and has published numerous academic papers.
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Email address: contactus@noco-noco.com
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www.noco-noco.com
About Nokonoko:
Nokonoko Co., Ltd.. (Nasdaq NCNC) is a technology solutions provider working to accelerate the global transformation to a decarbonized economy. noco-noco has built its business on X-SEPA™, an innovative battery separator technology developed in Japan and designed for long-term durability and high temperature performance that is clean and affordable. is addressing the need for sustainable energy storage solutions.
Safe Harbor Statement:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) . are based on beliefs, assumptions and information currently available to Noconoco. In some cases, words such as “may”, “would”, “could”, “would”, “should”, “expected”, “intend”, “planned”, etc. Forward-looking statements may be identified by the words “anticipates” and “anticipates.” “believe,'' “estimate,'' “anticipate,'' “plan,'' “may,'' “continue,'' “in progress,'' “target,'' “seek,'' or Although the negative or plural of these words or other similar expressions are predictions or indicate future events or prospects, not all forward-looking statements include these words. Not. Any statements that refer to expectations, projections or other characteristics relating to future events or conditions, the markets in which Noconoco operates, and information regarding possible or envisaged future results of Noconoco's operations are also forward-looking statements. is. . These statements involve risks, uncertainties and risks that could cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Other factors are included. Although noco-noco believes that each forward-looking statement contained in this communication has a reasonable basis, these statements are based on a combination of currently known facts and factors and future expectations. Warning that it is based on Uncertain. noco-noco cannot guarantee that the forward-looking statements in this communication will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among other things, the impact of global pandemics such as COVID-19, the outcome of potential litigation, governmental or regulatory proceedings, and other risks and uncertainties. subject to risks and uncertainties. There may be additional risks that are not currently known to noco-noco or that noco-noco currently believes to be immaterial, which cause actual results to be included in forward-looking statements. It may also be different. These forward-looking statements are subject to significant uncertainties and are subject to material uncertainties. It should not be considered a representation or warranty that it will be achieved. within the specified time frame or at all. The forward-looking statements in this press release represent Nokonoko's beliefs as of the date of this communication. Subsequent events and developments may cause these views to change. However, although Noconoco may update these forward-looking statements in the future, Noconoco does not currently plan to update these forward-looking statements, except to the extent required by applicable law. Accordingly, these forward-looking statements should not be relied upon as representing Noconoco's views as of the date of this communication.
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