153  0 Kommentare noco-noco and Neogen Forge Strategic Partnership to Unleash X-SEPA Technology in India's Burgeoning Battery Market (Projected to Exceed US$16billion by 2031)

Highlights:

• Neogen secured a 3-year marketing and distribution license for noco-noco's X-SEPA technology with the eventual objective to manufacture X-SEPA separators in India.
• The combined technological synergies blending noco-noco's revolutionary X-SEPA separator technology with Neogen's electrolyte, will provide pioneering solutions to a wider clientele.
• noco-noco (NASDAQ: NCNC), aims to swiftly penetrate the rapidly growing Indian electric mobility and energy storage market leveraging on Neogen's expansive customer network in India’s battery manufacturing sector.
  

SINGAPORE, March 07, 2024 (GLOBE NEWSWIRE) -- At the recent 2024 International Rechargeable Battery Expo in Tokyo, Neogen Ionics (India) Ltd, (“Neogen”), a wholly owned subsidiary of Indian listed company, Neogen Chemicals Ltd (NSE: NEOGEN), showcased a range of product offerings for rechargeable batteries and notably, the groundbreaking X-SEPA^TM separator from noco-noco Inc., in a successful exhibition which garnered significant attention and substantial interests.

Earlier in January this year, Neogen and noco-noco Pte. Ltd., (“noco-noco”), a wholly owned subsidiary of noco-noco Inc. (Nasdaq: NCNC), formalized a strategic marketing and distribution memorandum. This agreement paves the way for the introduction of noco-noco's revolutionary X-SEPA battery separator technology into the Indian market, with the ultimate goal for Neogen to manufacture X-SEPA^TM separators domestically.

The alliance aims to harness X-SEPA's exceptional performance capabilities to fuel growth in India's energy storage ecosystem and electric mobility segment.

^{Picture: noco-tech, Japan and Neogen Ionics, India, collaborate to showcase noco-noco's X-SEPA(TM) and other Neogen products at Battery Japan. From left Kawai San, Mr Metha, Ms Kadam and Moriya San.}

Accelerating Market Entry Across a Wide Spectrum of Applications:

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Over the next three years, noco-noco will collaborate with Neogen as a trusted strategic partner to market and distribute X-SEPA products and technology in India. This partnership aims to expedite market penetration and establish a strong presence in the Indian energy storage market and electric mobility market. Leveraging Neogen's extensive customer network of cell and battery manufacturers nationwide, noco-noco seeks to accelerate the adoption of X-SEPA technology across India.