Technology
TAT Technologies Reports First Quarter 2025 Results
Published
12 months agoon
By
TAT Technologies Delivers 23.6% Revenue Growth, 80.7% Increase in Net Profit, and 56.2% Increase in adjusted EBITDA, and Continued Margin Expansion for the First Quarter of 2025
NETANYA, Israel, May 19, 2025 /PRNewswire/ — TAT Technologies Ltd. (NASDAQ: TATT) (TASE: TATT) (“TAT” or the “Company”), a leading provider of products and services to the commercial and military aerospace and ground defense industries, reported today its unaudited results for the three months ended March 31, 2025.
Financial Highlights for the First Quarter of 2025:
Revenue for the first quarter of 2025 increased by 23.6% to $42.1 million compared to $34.1 million in the first quarter of 2024.Gross profit for the first quarter of 2025 increased by 40.9% to $10.0 million compared to $7.1 million in the first quarter of 2024.Gross margin for the first quarter of 2025 improved by 290bp to 23.6% of revenue compared to 20.7% of revenue in the first quarter of 2024.Adjusted EBITDA for the first quarter of 2025 increased by 56.2% to $5.7 million (13.6% of revenue) compared to $3.7 million (10.8% of revenue) in the first quarter of 2024.Operating income for the first quarter of 2025 increased by 89.0% to $4.2 million (9.9% of revenue) compared to $2.2 million (6.5% of revenue) in the first quarter of 2024.Net income for the first quarter of 2025 increased by 80.7% to $3.8 million compared to a net income of $2.1 million in the first quarter of 2024.Cash flow from operating activities was negative ($4.9) million in the first quarter of 2025 compared to negative ($3.5) million in the first quarter of 2024.
Mr. Igal Zamir, TAT’s CEO and President, commented: “Driven by strong execution and robust market demand, TAT Technologies continues to demonstrate its earnings power. During the first quarter, we delivered revenue growth of 23.6% and an increase of 56.2% in adjusted EBITDA, compared to the same period in 2024, expanding our bottom line even more rapidly than our top line. TAT has developed a multi-year track record of consistent profitability, delivering double-digit year-over-year growth for the last three years, while expanding profit margins.”
“Our strategic growth initiatives, implemented over the past few years, have significantly expanded our addressable market and diversified our revenue streams,” continued Mr. Zamir. “Despite industry wide supply chain challenges, our ‘Customer First’ initiative, which includes bolstering parts and rotatable inventory in key areas, enabled us to achieve our financial goals, fulfill customer demand, and strengthen our market position. While we expanded inventory levels and utilized additional cash, these strategic investments enhance our resilience and position us to capture market share in a dynamic supply environment.”
“In the first quarter, we secured over $52 million in new orders and long-term agreements, bringing our total backlog to $439 million. This provides us with strong visibility and confidence in our continued growth and profitability. While broader market dynamics may influence near-term order flow, the demand for our expertise and capacity remains robust, positioning us well to further expand our backlog throughout the year.”
“To mitigate the evolving trade policy landscape, we’re closely monitoring recent tariff changes and taking measured steps to minimize any impact on our operations. Our teams are in active, solution-focused discussions with key suppliers to ensure material flow remains uninterrupted and cost increases are controlled. At the same time, we’re working closely with our customers to align expectations, adjust planning as needed, and maintain the high service levels they rely on.”
Non-GAAP Financial Measures
To supplement the consolidated financial statements presented in accordance with GAAP, the Company also presents Adjusted EBITDA. The adjustments to the Company’s GAAP results are made with the intent of providing both management and investors with a more complete understanding of the Company’s underlying operational results, trends, and performance. The Adjusted EBITDA is calculated as net income, excluding the impact of: the Company’s share in profit of equity investment of affiliated companies, share-based compensation, provision for income taxes, financial (expenses) income, net, and depreciation and amortization. The Adjusted EBITDA, however, should not be considered as an alternative to net income and operating income for the period and may not be indicative of the historic operating results of the Company; nor is it meant to be predictive of potential future results. The Adjusted EBITDA is not a measure of financial performance under generally accepted accounting principles and may not be comparable to other similarly titled measures for other companies. See reconciliation of Adjusted EBITDA below.
Investor Call Information
TAT Technologies will host a webcast to review the quarterly results on Tuesday, May 20, 2025, at 8:30 a.m. ET. Interested investors can register for the webcast at the link below or visit the investor relations section of the Company’s website at https://tat-technologies.com/investors/.
About TAT Technologies LTD
TAT Technologies Ltd. is a leading provider of services and products to the commercial and military aerospace and ground defense industries. TAT operates under four segments: (i) Original equipment manufacturing (“OEM”) of heat transfer solutions and aviation accessories through its Gedera facility; (ii) MRO services for heat transfer components and OEM of heat transfer solutions through its Limco subsidiary; (iii) MRO services for aviation components through its Piedmont subsidiary; and (iv) Overhaul and coating of jet engine components through its Turbochrome subsidiary. TAT’s controlling shareholder is the FIMI Private Equity Fund.
TAT’s activities in the area of OEM of heat transfer solutions and aviation accessories primarily include the design, development and manufacture of (i) broad range of heat transfer solutions, such as pre-coolers heat exchangers and oil/fuel hydraulic heat exchangers, used in mechanical and electronic systems on board commercial, military and business aircraft; (ii) environmental control and power electronics cooling systems installed on board aircraft in and ground applications; and (iii) a variety of other mechanical aircraft accessories and systems such as pumps, valves, and turbine power units.
TAT’s activities in the area of MRO Services for heat transfer components and OEM of heat transfer solutions primarily include the MRO of heat transfer components and to a lesser extent, the manufacturing of certain heat transfer solutions. TAT’s Limco subsidiary operates an FAA-certified repair station, which provides heat transfer MRO services for airlines, air cargo carriers, maintenance service centers and the military.
TAT’s activities in the area of MRO services for aviation components include the MRO of APUs, landing gears and other aircraft components. TAT’s Piedmont subsidiary operates an FAA-certified repair station, which provides aircraft component MRO services for airlines, air cargo carriers, maintenance service centers and the military.
TAT’s activities in the area of overhaul and coating of jet engine components includes the overhaul and coating of jet engine components, including turbine vanes and blades, fan blades, variable inlet guide vanes and afterburner flaps.
For more information about TAT Technologies Ltd., please visit our website:
www.tat-technologies.com.
Contact:
Mr. Eran Yunger
Director of IR
erany@tat-technologies.com
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements which include, without limitation, statements regarding possible or assumed future operation results. These statements are hereby identified as “forward-looking statements” for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause our results to differ materially from management’s current expectations. Actual results and performance can also be influenced by other risks that we face in running our operations including, but are not limited to, general business conditions in the airline industry, changes in demand for our services and products, the timing and amount or cancellation of orders, [LTAs] and backlog, the price and continuity of supply of component parts used in our operations, and other risks detailed from time to time in the Company’s filings with the Securities Exchange Commission, including, its annual report on form 20-F and its periodic reports on form 6-K. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statement.
TAT TECHNOLOGIES LTD. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEET
(In thousands)
March 31,
December 31,
2025
2024
(unaudited)
(audited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
$ 5,020
$ 7,129
Accounts receivable, net of allowance for credit losses of $350
and $400 thousand as of March 31, 2025 and December 31, 2024,
respectively
33,223
29,697
Inventory
72,980
68,540
Prepaid expenses and other current assets
8,375
7,848
Total current assets
119,598
113,214
NON-CURRENT ASSETS:
Property, plant and equipment, net
42,474
41,576
Operating lease right of use assets
2,115
2,282
Intangible assets, net
1,633
1,553
Investment in affiliates
3,722
2,901
Funds in respect of employee rights upon retirement
641
654
Deferred income taxes
358
877
Restricted deposit
315
305
Total non-current assets
51,258
50,148
Total assets
$ 170,856
$ 163,362
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current maturities of long-term loans
$ 1,976
$ 2,083
Short-term loans
10,719
4,350
Accounts payable
12,592
12,158
Accrued expenses and other
15,572
18,594
Current maturities of operating lease liabilities
839
939
Total current liabilities
41,698
38,124
NON-CURRENT LIABILITIES:
Long-term loans
10,391
10,938
Liability in respect of employee rights upon retirement
966
986
Operating lease liabilities
1,269
1,345
Total non-current liabilities
12,626
13,269
Total liabilities
54,324
51,393
STOCKHOLDERS’ EQUITY:
Share capital, no par value
–
–
Additional paid-in capital
89,919
89,697
Treasury stock at cost
(2,088)
(2,088)
Accumulated other comprehensive income (loss)
452
(76)
Retained earnings
28,249
24,436
Total shareholders’ equity
116,532
111,969
Total liabilities and stockholders’ equity
$ 170,856
$ 163,362
TAT TECHNOLOGIES LTD. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except share and per share data)
Three months ended
Year ended
March 31,
December 31,
2025
2024
2024
(Unaudited)
(Unaudited)
(Audited)
Revenues:
Products
$ 12,724
$ 11,935
$ 47,710
Services
29,418
22,153
104,406
42,142
34,088
152,116
Cost of goods:
Products
8,331
8,986
33,986
Services
23,857
18,036
85,116
32,188
27,022
119,102
Gross profit
9,954
7,066
33,014
Operating expenses:
Research and development, net
324
277
1,248
Selling and marketing, net
1,928
1,660
7,746
General and administrative, net
3,532
3,309
11,901
Other income
–
(388)
(383)
5,784
4,858
20,512
Operating income
4,170
2,208
12,502
Interest expenses
(335)
(343)
(1,472)
Other financial income
(expenses), net
277
(106)
(477)
Income before taxes on income
(taxes benefit)
4,112
1,759
10,553
Provision for taxes on income
(taxes benefit)
592
(153)
195
Profit before share of equity
investment
3,520
1,912
10,358
Share in profits of equity investment
of affiliated companies
293
198
809
Net income
$ 3,813
$ 2,110
$ 11,167
Basic and diluted earnings per share:
Basic
$ 0.35
$ 0.20
$ 1.08
Diluted
$ 0.34
$ 0.19
$ 1.00
Weighted average number of shares outstanding:
Basic
10,940,358
10,378,978
10,363,978
Diluted
11,211,271
10,554,351
11,215,827
TAT TECHNOLOGIES LTD. AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In thousands)
Three months ended
Year ended
March 31,
December 31,
2025
2024
2024
(Unaudited)
(Unaudited)
(Audited)
Net income
$ 3,813
$ 2,110
$ 11,167
Other comprehensive income (loss), net
Net unrealized losses from derivatives
–
(27)
(27)
Change in foreign currency translation adjustments
528
–
(76)
Total comprehensive income
$ 4,341
$ 2,083
$ 11,064
TAT TECHNOLOGIES LTD. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(In thousands, except share data)
Share capital
Accumulated
Number of
shares issued
Amount
Additional
paid-in
capital
other
comprehensive
income (loss)
Treasury
shares
Retained
earnings
Total equity
BALANCE AT DECEMBER 31, 2023
10,377,085
3,140
76,335
27
(2,088)
13,269
90,683
CHANGES DURING THE YEAR ENDED
DECEMBER 31, 2024:
Comprehensive income (loss)
–
–
–
(103)
–
11,167
11,064
Exercise of option
164,406
12
(12)
–
–
–
–
Cancel of shares par value
–
(3,152)
3,152
–
–
–
–
Issuance of common shares net of issuance costs of $162
thousands
673,340
–
9,827
–
–
–
9,827
Share based compensation
–
–
395
–
–
–
395
BALANCE AT DECEMBER 31, 2024
11,214,831
–
89,697
(76)
(2,088)
24,436
111,969
CHANGES DURING THE PERIOD ENDED
MARCH 31, 2025 (unaudited):
Comprehensive income
–
–
–
528
–
3,813
4,341
Share based compensation
–
–
222
–
–
–
222
BALANCE AT MARCH 31, 2025 (unaudited)
11,214,831
$ –
$ 89,919
$ 452
$ (2,088)
$ 28,249
$116,532
TAT TECHNOLOGIES LTD. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
Three months ended
Year ended
March 31,
December 31,
2025
2024
2024
(Unaudited)
(Unaudited)
(audited)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income
$ 3,813
$ 2,110
$ 11,167
Adjustments to reconcile net income to net cash used in
operating activities:
Depreciation and amortization
1,305
1,374
5,455
Loss from change in fair value of derivatives
–
22
22
Change in funds in respect of employee rights upon retirement
13
5
10
Net change in operating right of use asset and operating lease
liability
(9)
4
18
Non-cash financial expenses
(83)
(214)
(187)
Decrease in restructuring plan provision
–
(20)
(63)
Change in allowance for credit losses
(50)
–
55
Share in profits of equity investment of affiliated companies
(293)
(198)
(809)
Share based compensation
222
41
395
Liability in respect of employee rights upon retirement
(20)
3
(14)
Gain on disposal of property, plant and equipment
–
(354)
(478)
Deferred income taxes, net
519
(409)
117
Changes in operating assets and liabilities:
Increase in trade accounts receivable
(3,476)
(820)
(9,743)
Increase in prepaid expenses and other current assets
(527)
(181)
(1,473)
Increase in inventory
(3,861)
(2,637)
(17,165)
Increase (decrease) in trade accounts payable
434
(700)
2,170
Increase (decrease) in accrued expenses and other
(3,022)
(1,573)
4,705
Net cash used in operating activities
(5,035)
(3,547)
(5,818)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of property and equipment
–
1,306
1,275
Purchase of property and equipment
(2,862)
(989)
(5,126)
Purchase of intangible assets
–
–
–
Net cash provided by (used in) investing activities
(2,862)
317
(3,851)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of long-term loans
(571)
(440)
(2,016)
Net change in short term credit from banks
6,369
(4,000)
(7,650)
Proceeds from issuance of common shares, net
–
–
9,827
Exercise of options
–
1
–
Net cash provided by (used in) financing activities
5,798
(4,439)
161
Net decrease in cash and cash equivalents and
restricted cash
(2,099)
(7,669)
(9,508)
Cash and cash equivalents and restricted cash at beginning
of period
7,434
16,942
16,942
Cash and cash equivalents and restricted cash at the end of
period
$ 5,335
$ 9,273
$ 7,434
SUPPLEMENTARY INFORMATION ON INVESTING
ACTIVITIES NOT INVOLVING CASH FLOW:
Additions to operating lease right-of-use assets and operating
lease liabilities
147
345
983
Reclassification between inventory and property, plant and
equipment
579
60
155
Supplemental disclosure of cash flow information:
Interest paid
267
(442)
(1,400)
Income taxes paid
–
–
(39)
TAT TECHNOLOGIES LTD. AND ITS SUBSIDIARIES
RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (NON-GAAP) (UNAUDITED)
(In thousands)
Three months ended
Year ended
March 31,
December 31,
2025
2024
2024
Net income
$ 3,813
$ 2,110
$ 11,167
Adjustments:
Provision for income taxes (taxes benefit)
592
(153)
195
Financial expense, net
58
449
1,949
Depreciation and amortization
1,353
1,428
5,717
Share based compensation
222
41
395
Share in profits of equity investment of
affiliated companies
(293)
(198)
(809)
Adjusted EBITDA
$ 5,745
$ 3,677
$ 18,614
View original content:https://www.prnewswire.com/news-releases/tat-technologies-reports-first-quarter-2025-results-302459605.html
SOURCE TAT Technologies Ltd
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SOURCE Professional Engineers Ontario
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Defense technology partnership with Republic of Korea (“ROK) Army’s Capital Defense Command (“CDC”), one of the highest-ranking command units responsible for securing the Presidential Office, the capital and key national infrastructureFocuses on battery supply and integration within CDC defense drone and robotics units, featuring specialized drone training and technical battery advisoryLeverages the CDC’s decision-making authority to accelerate the adoption of Korea-made battery technology across broader national defense and military units
TORONTO, May 6, 2026 /CNW/ – NEO Battery Materials Ltd. (“NEO” or the “Company”) (TSXV: NBM) (OTC: NBMFF), a low-cost, silicon-enhanced battery developer that enables longer-running, rapid-charging batteries for drones, robotics, and physical AI, is pleased to announce it has entered into a significant defense partnership agreement (the “Agreement”) with the Republic of Korea (“ROK”) Army’s Capital Defense Command (CDC) – a direct reporting unit to the President of South Korea and the Joint Chiefs of Staff. Stationed in Seoul and known as the “Shield Unit”, the CDC is one of the highest-ranking national command units, responsible for protecting the Presidential Office (Blue House), the capital and key national infrastructure.
This partnership represents a strategic expansion into a higher command level within the ROK Army, operating directly under the Army Headquarters with significant decision-making and procurement authority. The Agreement builds on NEO’s momentum in its Korean Defense Integration Strategy (see previously announced partnerships with the 12th Infantry Division dated April 1, 2026, and the Capital Mechanized Infantry Division dated April 22, 2026), and serves as a critical milestone due to the CDC’s ability to advocate for the prompt implementation of non-Chinese battery solutions that meet stringent security clearance and performance requirements.
The Agreement will focus on the supply and deployment of high-performance, defense batteries within the CDC’s drone and robotics units to enhance operational runtime and energy efficiency. Furthermore along with Korean drone partners, NEO will provide specialized drone training and technical battery advisory to support CDC’s personnel, all of whom are required to be certified in drone operations. This Agreement followed a successful live demonstration of NEO’s high-energy drone batteries held at the CDC’s parade ground on April 30, 2026.
Lieutenant General Changjoon Eo, Commander of the Capital Defense Command, expressed, “The CDC was highly impressed with the drone flight time performance exhibited by NEO’s high-performance batteries compared to commercial Chinese products. As the ROK Army and its units initiate the transition towards a Korea-made supply chain, NEO Battery will act as an integral partner for the CDC and its sub-units to ensure traceability and performance for defense batteries in our drone and robotics platforms.”
“Securing this partnership with a high-ranking command unit such as the CDC further validates the effectiveness of NEO’s battery technology,” stated Spencer Huh, President & CEO of NEO. “As the CDC is a heavy consumer of drone technology and requires high-performance, non-Chinese components to ensure national security, NEO’s in-country presence, along with our robust performance data and wide technology offering, aptly positions us to meet stringent scopes of work for the highest levels of the ROK military.”
About the ROK Army’s Capital Defense Command
Operating under the name “Shield Unit” or Chungjeongdae, the ROK Army’s Capital Defense Command is one of the highest-ranking, corps-level military organizations within the Republic of Korea’s Armed Forces and Operations Command. The CDC is primarily responsible for defending the Presidential Office, the capital, the Ministry of National Defense facilities, major government buildings, and key national infrastructure. The Command exercises several subordinate units, including the 1st Security Group, the 1st Air Defense Brigade, the CDC Military Police Group, and the 52nd and 56th Infantry Divisions.
About NEO Battery Materials Ltd.
NEO Battery Materials is a Canadian-South Korean battery technology company focused on developing and producing silicon-enhanced lithium-ion batteries in drones, robotics, physical AI, electric vehicles, and energy storage systems. With a patent-protected, low-cost silicon manufacturing process, NEO Battery enables longer-running and ultra-fast charging properties and provides end-to-end battery solutions from materials selection, cell architecture, and process optimization. The Company aims to be a globally-leading producer of high-performance lithium-ion batteries and materials, building a secure, robust battery supply chain for Western manufacturers. For more information, please visit the Company’s website at: https://www.neobatterymaterials.com/.
On Behalf of the Board of Directors
Spencer Huh
Director, President, and CEO
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified notably by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: volatile stock prices; the general global markets and economic conditions; the possibility of write-downs and impairments; the risk associated with the research and development of battery-related technologies; the risk associated with the effectiveness and feasibility of battery material, electrode, and cell technologies that have not yet been tested or proven on commercial scale or under real-world operating conditions; the risks associated with battery-related manufacturing process scale-up, including maintaining consistent material, component, and cell quality, production yields, and process reproducibility at a pilot, semi-commercial, or commercial scale; the risks associated with compatibility of existing battery chemistries, formulations, components, or designs; unforeseen risks associated with entering into and maintaining collaborations, joint ventures, partnerships, or commercial contracts with battery cell manufacturers, original equipment manufacturers, and various companies in the global battery and downstream end-user supply chain; the risks associated with the failure to develop and produce commercially viable battery-related products or that technical goals may not be achieved within expected timelines or budgets under a joint development or collaboration; the risks associated with the Company’s technologies and products not meeting performance requirements or customer specifications; the risks that prototype and pilot-scale products do not advance into commercially produced products or translate into commercial orders; the risk associated with battery components and cell purchase orders and offtake supply that may not be fulfilled in full, on time, or at all as actual revenue realization depends on delivery schedules, achievement of technical milestones, and customer acceptance and validation; the risk associated with losing official vendor registration or status with existing customers; counterparty risk upon delivery of prototype and commercial products; the risks associated with constructing, completing, securing, and financing pilot, semi-commercial, and commercial battery materials, components, and cell manufacturing facilities including the Canadian and South Korean facilities; the risks associated with potential delays or increased costs with site preparation, equipment procurement and installation, and facility commissioning; the risks associated with integrating silicon anode material production, electrode manufacturing, and cell assembly within a single operational cluster or the Company’s business portfolio; the risks associated with supply chain disruptions or cost fluctuations in raw materials, processing chemicals, and additive prices, impacting production costs and commercial viability; the risks associated with uninsurable risks arising during the course of research, development and production; competition faced by the Company in securing experienced personnel, contracts and sales, and financing; access to adequate infrastructure and resources to support battery materials, components, and cell research and development activities; the risks associated with changes in the technology regulatory regime governing the Company; the risks associated with the timely execution of the Company’s strategies and business plans; the risks associated with the lithium-ion battery industry and end-users’ demand and adoption of the Company’s silicon anode technology and battery products; market adoption and integration challenges, including the difficulty of incorporating silicon anodes and silicon battery products within battery manufacturers and OEMs’ systems; the risks associated with the various environmental and political regulations the Company is subject to; risks related to regulatory and permitting delays; the reliance on key personnel; liquidity risks; the risk of litigation; risk management; and other risk factors as identified in the Company’s recent Financial Statements and MD&A and in recent securities filings for the Company which are available on www.sedarplus.ca. Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued R&D and commercialization activities, no material adverse change in precursor, raw material, equipment, and relevant cost prices, development and commercialization plans to proceed in accordance with plans and such plans to achieve their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company’s business, operations, research and development, and commercialization plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this presentation, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE NEO Battery Materials Ltd.
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