What Happened
Canadian Company Expands Defence Capabilities With South Korean Aerospace Firm
NEO Battery Materials Ltd. has announced a new defence partnership with Assetta Inc., a South Korean drone and aerospace company, to develop and manufacture battery products for Assetta’s current and upcoming drone platforms. The partnership aims to replace Chinese-manufactured batteries used in Assetta’s platforms, advancing both companies’ commitment to secure reliable supply chains. NEO will develop and supply system-specific battery solutions for Assetta’s suite of drone platforms, with the goal of enhancing flight time, payload capacity, and operational efficiency. This development was reported by Canadian Manufacturing.