February 24, 2025

|

Milwaukee

WI

United States

Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, is pleased to work with Toronto, Ontario-based silicon anode active materials company, NEO Battery Materials (TSXV: NBM / OTC: NBMFF). The collaboration aims to deliver solutions to aid the battery material manufacturer on its first North American facility, a 240-ton facility with the capacity to grow up to 5,000 tons of silicon anode material per year in Windsor, Ontario.

This opportunity is significant for the battery value chain as the securing of the critical battery materials market has been a key focus of governments and downstream manufacturers globally. This makes recipients of these funds highly motivated to get started building critical infrastructure as part of the North American value chain. A key player in the industry, Rockwell Automation, and NEO will collaborate on automation solutions to make the planned Windsor silicon facility a creative manufacturing differentiator across the battery value chain.

Silicon anode materials are a promising technology with the potential to revolutionize the battery industry, gaining significant traction due to their advantages over traditional graphite anodes. Silicon can theoretically store more than 10 times the capacity than graphite given the same mass, resulting in increased battery range and performance. Silicon anodes also offer ultra-fast charging capabilities compared to their graphite counterpart.

“Teaming up with Rockwell Automation was a strategic step to help us scale our battery materials commercialization and production,” said Spencer Huh, president and chief executive officer, NEO Battery Materials. “The value proposition provided by utilizing solutions from Rockwell will help grow and streamline production, delivering the highest quality products to our customers.”

“We are excited to grow the auto and EV battery category in our industry,” said Brian Holte, regional vice president, North America, sales strategy and transformation, Rockwell Automation. “Supporting NEO’s growth is a strategic imperative for us as we continue to establish our products and solutions to scale the company’s output with higher efficiencies and ultimately growth to both company’s bottom lines.”

As NEO grows its capabilities, it envisions to expand operations in the United States to pursue silicon anode manufacturing activities and value-added projects, where Rockwell Automation is engaged to help launch further facilities in Ohio, Kentucky, Tennessee and Georgia in the future.

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About Rockwell Automation

Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 27,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise® to life across industrial enterprises, visit www.rockwellautomation.com.

About NEO Battery Materials Ltd.

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: www.neobatterymaterials.com.