NEO Battery secures first direct order from ROK Army

NEO Battery Materials Ltd. has secured its first direct supply order from a division of the Republic of Korea Army for military-grade drone battery packs. This agreement allows the company to supply the military directly, bypassing traditional procurement intermediaries such as system integrators or drone manufacturers.

In addition to the ROK Army order, the company has secured battery management system (BMS) development orders from Assetta Inc. to support drone platforms under a government procurement program. NEO Battery has also received purchase orders from drone value chain companies in the United States, South Korea, and Japan for development and validation purposes.