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NEO Battery Materials is entering the South Korean defense industry in 2026 through a partnership with the Korea Institute for Defense Industry (KOIDI), focusing on defense drones and unmanned applications with its advanced silicon-enhanced batteries. The company has secured a long-term lease for a factory in South Korea and has already received orders, including a multimillion-dollar deal with an Asian drone manufacturer. Despite facing challenges in 2025, NEO's technology is expected to drive significant revenue growth as it prepares for mass production.