Liberaware Co.,Ltd.

NEO Battery Materials Ltd. has entered into a partnership through a Letter of Intent with Liberaware Co., Ltd. and its subsidiary Hinotate Co., Ltd. to jointly innovate on high-performance drone products and evaluate establishing a drone battery manufacturing facility in Japan. The collaboration aims to integrate NEO's battery technology into Liberaware's unmanned aerial systems, which serve major infrastructure operators including East Japan Railway Co. and West Japan Railway Co. Under the three-year LOI, the parties will assess NEO's manufacturing capabilities in South Korea and consider a joint venture or special-purpose vehicle structure for production in Japan. The agreement is non-binding, with specific terms to be determined after feasibility studies and definitive agreements.