Latest news with #NEO
SoraNews24
20 hours ago
- Entertainment
- SoraNews24
Immerse yourself in all things Heisei era at the Neo Heisei Retro exhibition now open in Shibuya
'I didn't choose the Heisei retro life–the Heisei retro life chose me.' While modern Japan primarily uses the Gregorian calendar for most things, a complementary system of Japanese era names known nengo is also in use. These era names correspond to the reign of each emperor, with each year within an era receiving its own number as well. For instance, 2025 can also be referred to as Reiwa 7, as it's the seventh year since Emperor Naruhito ascended to the throne on May 1, 2019. The three most recent Japanese eras are the Reiwa era (2019-present), the Heisei era (1989-2019), and the Showa era (1926-1989). A concept called 'Showa retro' has been around for a while, referring to an appreciation for the nostalgic artifacts, music, lifestyles, and other cultural embodiments of the Showa era. In more recent years, however, the term 'Heisei retro' has also begun popping up for a similar appreciation of all things Heisei. ▼ As a millennial whose formative years were spent in the Heisei era, I was equal parts delighted and shocked to start seeing displays like this collection of Heisei-era music hits popping up in stores (are the things I like really old enough to be considered 'retro' now??). © SoraNews24 For anyone who's feeling like taking a little stroll down the Heisei-era lane, there's no better place to visit than the special Neo Heisei Retro Exhibition currently running from July 24 to August 31 at the Seibu Shibuya Store in Tokyo's Shibuya district, a fitting location as the mecca of youth culture and trends back in the Heisei day. The exhibition is the brainchild of one Mero Yamashita, a Heisei-era enthusiast and self-appointed guardian of all things Heisei. ▼ Mero Yamashita was born in 1981 and spent his formative years in the onset of the Heisei era. View this post on Instagram A post shared by NEO平成レトロ展 (@neoheisei_retro) The exhibition's opening day was attended by official ambassadors and musical unit Chi⭐︎Q. The duo, composed of Ippei Kyuma and Mamoru Daichi, debuted as 'psychic idols' on April 1, 1989, the official first day of the Heisei era. They enjoyed a ribbon-cutting ceremony and playing around with some of the 300 Heisei-era items on display. Diving more into the contents of the event, the exhibition is comprised of nine different sections centered on common themes. The walls are also decorated with 'neo Heisei retro' designs–illustrations meant to evoke the feeling of Heisei from a modern Reiwa lens–which are befitting of the exhibition's main slogan: 'Towards a 'Heisei' that's nostalgic but new somewhere in your memories.' For instance, there are areas dedicated to digital cameras and the garakei mobile flip-phones that were unique to Japan at the time. You can even hold one of the phones in your hand and see if your muscle memory takes over. Other featured gadgets include pagers, music players, and transparent goods that were all the rage back then. The entertainment section is sure to be a big hit by bringing you right back to the hottest gaming systems, CDs, and toys (like Tamagotchi!) of the time. There's even a section devoted to Heisei fashion trends such as kogyaru style and more. Contemporary fashion magazines are also on display. Finally, some of the more interactive elements of the exhibition include a quiz area to test your knowledge on whether something is from the Heisei era or the Showa era, as well as a community journal where you can share your favorite Heisei memories with others. Of course, in true Japanese exhibition fashion, there's also event-exclusive merchandise for purchase, including goods like stickers with common Heisei-era slang and buzzwords. Tickets for the Neo Heisei Retro Exhibition cost 1,800 yen (US$12.12) for general admission and can be purchased at Lawson Ticket or TBS Tickets in advance. On weekends and other days expected to have high traffic, tickets may be valid on a timed-entry system at the start of every hour. For more on how some brands such as Sanrio has also leaned into the Heisei era, check out this piece as well. Exhibition information Neo Heisei Retro Exhibition / NEO平成レトロ展 Address: Tokyo-to, Shibuya-ku, Udagawa-cho 21-1, Seibu Shibuya Store, A Building, 2nd floor event space 東京都渋谷区宇田川町 21-1 西武渋谷店 A館2F イベントスペース Duration: July 24-August 31, 2025 Open: 10 a.m.-8 p.m. (last entry at 7:30 p.m.) Website Source: Shibuya Keizai Shimbun Images: SoraNews24, PR Times ● Want to hear about SoraNews24's latest articles as soon as they're published? Follow us on Facebook and Twitter!
Toronto Star
23-07-2025
- Business
- Toronto Star
NEO Battery Materials Receives Notice of Allowance for Patents on Silicon Battery for Drone and Defence-Tech Applications
Korean Intellectual Property Office Grants Two Patents on Materials & Process for Manufacturing P-100 and P-200 Silicon Battery Technology Integrating & Optimizing P-200 Series for Short-Duration, High-Capacity Electronics, Drone, and Defence Technology Lower Battery Validation Barrier for Electronics Expected to Expedite Silicon Technology Adoption Timeline Korean Intellectual Property Office Grants Two Patents on Materials & Process for Manufacturing P-100 and P-200 Silicon Battery Technology Integrating & Optimizing P-200 Series for Short-Duration, High-Capacity Electronics, Drone, and Defence Technology Lower Battery Validation Barrier for Electronics Expected to Expedite Silicon Technology Adoption Timeline TORONTO, July 23, 2025 (GLOBE NEWSWIRE) -- NEO Battery Materials Ltd. ('NEO' or the 'Company') (TSXV: NBM) (OTC: NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce that the Korean Intellectual Property Office ('KIPO') has issued Notice of Allowances for two patents regarding the P-100 and P-200 silicon battery materials. NEO is in efforts to integrate the P-200 series for short-duration, high-capacity drone and defence-tech applications. With applications submitted in June 2023, KIPO has granted the Notice of Allowance to the Company regarding patents named Silicon-Based Active Anode Material for Lithium Secondary Battery and Manufacturing Method Thereof I (Silicon Patent I) and Silicon-Based Active Anode Material for Lithium Secondary Battery and Manufacturing Method Thereof II (Silicon Patent II). The patents will be duly issued and registered upon the completion of post-filing documentation. The two patents are the first intellectual property rights independently developed by NEO aside from the existing patents licensed and developed in tandem with the Yonsei University-Industry Foundation. Both Silicon Patent I and Silicon Patent II protect the material properties and proprietary manufacturing process of the P-100 and P-200 products, respectively: Silicon Patent I secures the critical phase of milling low-cost metallurgical silicon to form a core-shell composite structure between the silicon core and an amorphous silicon oxide layer Silicon Patent II secures the nanocoating and additive technology to create a uniform, thin polymer nanolayer on the Silicon Patent I core to manufacture the core-shell composite structure P-200 Series: Targeting Integration for Drone and Defence-Tech Battery Applications In addition to ongoing efforts with the P-300N line for high cycle life, the Company is directing technical resources toward integrating the P-200 series for short-duration, high-capacity electronics. Offering an industry-leading capacity of 2,500 mAh/g, compared to the average pf 1,300 mAh/g, the P-200 is suitable for use in batteries for drones, defence technology systems, remote-controlled devices, and similar electronics. 'Due to lower validation barriers for electronics compared to larger applications like electric vehicles, NEO expects that the P-200 series to have an expedited adoption timeline in existing electronics battery systems,' commented Dr. J.S. Jeoung, SVP of Cell Development. 'Targeting the electronics sector provides a strategic entry point with reduced commercialization friction, potentially enabling earlier revenue generation. NEO can also further access additional commercialization channels while continuing to advance long-cycle life products like the P-300N.' About NEO Battery Materials Ltd. NEO Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fast charging batteries compared to existing state-of-the-art technologies. The Company aims to be a globally-leading producer of silicon anode materials for the electric vehicle and energy storage industries. For more information, please visit the Company's website at: On Behalf of the Board of Directors Spencer Huh Director, President, and CEO For Investor Relations, PR & More Information: info@ T: +1 (437) 451-7678 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 advanced and battery-related technologies; the risk associated with the effectiveness and feasibility of technologies that have not yet been tested or proven on commercial scale; manufacturing process scale-up risks, including maintaining consistent material quality, production yields, and process reproducibility at a pilot or commercial scale; compatibility issues with existing battery chemistries and unforeseen the risks associated with entering into and maintaining collaborations, joint ventures, or partnerships with battery cell manufacturers, original equipment manufacturers, and various companies in the global battery supply chain; the risks associated with the construction, completion, and financing of commercial facilities including the Windsor and South Korean facilities; 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 and financing; access to adequate infrastructure and resources to support battery materials 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's demand and adoption of the Company's silicon anode technology; market adoption and integration challenges, including the difficulty of incorporating silicon anodes 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 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 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 theTSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Hamilton Spectator
23-07-2025
- Business
- Hamilton Spectator
NEO Battery Materials Receives Notice of Allowance for Patents on Silicon Battery for Drone and Defence-Tech Applications
TORONTO, July 23, 2025 (GLOBE NEWSWIRE) -- NEO Battery Materials Ltd. ('NEO' or the 'Company') (TSXV: NBM) (OTC: NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce that the Korean Intellectual Property Office ('KIPO') has issued Notice of Allowances for two patents regarding the P-100 and P-200 silicon battery materials. NEO is in efforts to integrate the P-200 series for short-duration, high-capacity drone and defence-tech applications. With applications submitted in June 2023, KIPO has granted the Notice of Allowance to the Company regarding patents named Silicon-Based Active Anode Material for Lithium Secondary Battery and Manufacturing Method Thereof I (Silicon Patent I) and Silicon-Based Active Anode Material for Lithium Secondary Battery and Manufacturing Method Thereof II (Silicon Patent II). The patents will be duly issued and registered upon the completion of post-filing documentation. The two patents are the first intellectual property rights independently developed by NEO aside from the existing patents licensed and developed in tandem with the Yonsei University-Industry Foundation. Both Silicon Patent I and Silicon Patent II protect the material properties and proprietary manufacturing process of the P-100 and P-200 products, respectively: P-200 Series: Targeting Integration for Drone and Defence-Tech Battery Applications In addition to ongoing efforts with the P-300N line for high cycle life, the Company is directing technical resources toward integrating the P-200 series for short-duration, high-capacity electronics. Offering an industry-leading capacity of 2,500 mAh/g, compared to the average pf 1,300 mAh/g, the P-200 is suitable for use in batteries for drones, defence technology systems, remote-controlled devices, and similar electronics. 'Due to lower validation barriers for electronics compared to larger applications like electric vehicles, NEO expects that the P-200 series to have an expedited adoption timeline in existing electronics battery systems,' commented Dr. J.S. Jeoung, SVP of Cell Development. 'Targeting the electronics sector provides a strategic entry point with reduced commercialization friction, potentially enabling earlier revenue generation. NEO can also further access additional commercialization channels while continuing to advance long-cycle life products like the P-300N.' About NEO Battery Materials Ltd. NEO Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fast charging batteries compared to existing state-of-the-art technologies. The Company aims to be a globally-leading producer of silicon anode materials for the electric vehicle and energy storage industries. For more information, please visit the Company's website at: . On Behalf of the Board of Directors Spencer Huh Director, President, and CEO For Investor Relations, PR & More Information: info@ T: +1 (437) 451-7678 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 advanced and battery-related technologies; the risk associated with the effectiveness and feasibility of technologies that have not yet been tested or proven on commercial scale; manufacturing process scale-up risks, including maintaining consistent material quality, production yields, and process reproducibility at a pilot or commercial scale; compatibility issues with existing battery chemistries and unforeseen the risks associated with entering into and maintaining collaborations, joint ventures, or partnerships with battery cell manufacturers, original equipment manufacturers, and various companies in the global battery supply chain; the risks associated with the construction, completion, and financing of commercial facilities including the Windsor and South Korean facilities; 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 and financing; access to adequate infrastructure and resources to support battery materials 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's demand and adoption of the Company's silicon anode technology; market adoption and integration challenges, including the difficulty of incorporating silicon anodes 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 . 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 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 theTSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cision Canada
18-07-2025
- Business
- Cision Canada
Alpayana Comments on the Separation Agreements Entered into by Sierra Metals Inc. and Certain of its Officers
LIMA, Peru, July 18, 2025 /CNW/ - Alpayana S.A.C. (" Alpayana") wishes to comment on certain disclosure made by Sierra Metals Inc. (" Sierra" or the " Company") in its Management Information Circular dated June 23, 2025 (the " Circular"), which was filed to SEDAR+ on July 8, 2025. In the Circular (on page 57) , Sierra disclosed that on May 12, 2025, Sierra entered into separation agreements (each, a " Separation Agreement") with each of the following named executive officers (" NEOs") of Sierra: ERNESTO BALAREZO (CEO), JEAN PIERRE FORT (CFO), RAJESH VYAS (Vice President, Corporate Controller), ALBERTO CALLE (Vice President, Human Resources) and PATRICIA KOSA (Vice President). In connection with such Separation Agreements, Sierra disclosed that it made one-time payments in the aggregate of approximately US$3 million (less applicable withholding taxes) to the NEOs. Alpayana wishes to clarify that it neither supported nor endorsed the entering into of the Separation Agreements by Sierra, nor any change of control payments made pursuant thereto, and is concerned with Sierra's actions for the following reasons: 1. The Separation Agreements Have the Effect of Removing the "Double Trigger" Mechanism Under the NEO Employment Agreements Right after Alpayana launched its take-over bid of Sierra (the " Bid"), Sierra, with the board of directors' support, entered into or amended its change of control agreements with the NEOs providing for millions of dollars of change of control payments to be payable to such NEOs if they were terminated without cause within 12 months of a change of control (i.e. a "double trigger" mechanism). On the date Alpayana took control of the Company, through the Separation Agreements, Sierra and its incumbent management team, endorsed by the board of directors (comprised by Miguel Aramburu, Robert M. Neal, Roberto Maldonado, Beatriz Orrantia and Wendy Kaufmann) have effectively amended such NEO change of control agreements to remove the "double trigger" mechanism provided for thereunder, and provided themselves unilaterally with the ability to terminate such persons and trigger their change of control payments, without Alpayana's consent. The result of such amendment, is that Alpayana has been deprived of its right to determine whether it would retain the current NEOs, such that the change of control payments would not have been triggered. 2. The Change of Control Payments Should Not have Been Made Given Sierra's Liquidity Issues Alpayana raised liquidity concerns with respect to Sierra throughout the duration of the Bid. Alpayana identified such risks for shareholders in its take-over bid circular, including by flagging Sierra's high and expensive debt load and high corporate expenses. Alpayana is concerned with Sierra's decision to enter into the Separation Agreements in order to trigger the change of control payments, as the Company already had a weak balance sheet and outsized corporate expenses prior to the Bid. Consequently, any further siphoning of cash to Sierra's NEOs is highly inappropriate and not in the best interests of the Company. Indeed, in a letter sent on June 11, 2025, legal counsel to the Special Committee of Sierra, instructed by the board of directors of Sierra, expressly informed Alpayana that Sierra Metals was short of liquidity and was managing its cash so as to meet unavoidable obligations. Sierra Metals is short of liquidity and is managing cash so as to meet unavoidable obligations. Mindful of all of the company's stakeholders, including minority shareholders of its Peruvian subsidiary, Sociedad Minera Corona, Sierra Metals has restricted the amounts to be properly transferred from Corona to the legal limits. Accounts payable have increased by $14 million in Sierra Metals' wholly owned Mexican subsidiary, negatively impacting relationships with critical local suppliers and other Mexican stakeholders. 3. Sierra Delayed the Disclosure of the Separation Agreements Alpayana is concerned that Sierra failed to immediately disclose on May 12, 2025 that it had entered into the Separation Agreements, as this is material information to Sierra and its shareholders. Sierra instead chose to wait almost two months to disclose the information to the public, and buried the information in its Circular, which was filed to SEDAR+ on July 8, 2025. Sierra seems to have developed a practice of burying and delaying the disclosure of material information, as it also failed to provide full and timely disclosure of the first amendments that were made to the employment agreements of certain officers of the Company following the commencement of the Bid. The Directors' Circular of Sierra dated January 13, 2025 (the " Directors' Circular") states that Sierra entered into executive employment agreements, "as amended", that provide for change of control payments. No date of such amendments was stated in the Directors' Circular and shareholders were not aware that such amendments occurred after the launch of the Bid in order to increase the payments received by management. Such amendments were never press released and Sierra still has not publicly disclosed the date on which such amendments were made. Moreover, the Circular disclosure does not address whether any separation agreements or change of control payments were made to employees or officers of Sierra who are not NEOs of Sierra. Alpayana will not be able to confirm whether any further change of control payments were made, until it receives access to Sierra's records following the meeting of Sierra shareholders on July 29, 2025. 4. No Valid Purpose for the Separation Agreements Since the commencement of the Bid, Sierra made not one, but two amendments to the employment agreements of certain of its officers, each time ostensibly to retain employees. As stated by Sierra in its Notice of Change to the Directors' Circular dated May 5, 2025, Sierra determined to make the first set of amendments to the employment agreements of certain officers of the Company, to provide such officers with adequate protection in the event that such officers were terminated without cause within 12 months of a change of control and to ensure the continued retention of such officers as a result of the Bid. In the Circular, Sierra discloses that it determined to enter into the Separation Agreements for "continuity of management" (i.e. the exact same reason). In Alpayana's view, this suggests that there was no valid purpose for entering into the Separation Agreements, other than to force the payment of the change of control payments to such employees and effectively remove the double trigger mechanism. ABOUT ALPAYANA Alpayana Canada Ltd. (" Alpayana Canada") is a Canadian wholly-owned subsidiary of Alpayana and was incorporated for the sole purpose of making the offer to purchase all of the issued and outstanding common shares of Sierra. Alpayana is a family-owned private mining company committed to the development and promotion of sustainable and responsible mining. It strives to leave a positive and meaningful legacy by prioritizing the wellbeing of its employees, the communities it impacts and the environment. Alpayana has been operating mines in Peru for over 38 years, has a successful M&A track record, and experience in developing projects with discipline and with a view on long-term intrinsic value. Alpayana has revenues in excess of US$500 million and a robust balance sheet. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This document contains "forward-looking statements" (as defined under applicable securities laws). These statements relate to future events and reflect Alpayana Canada's and Alpayana's expectations, beliefs, plans, estimates, intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. Forward-looking statements include, but are not limited to, statements regarding Alpayana's intentions with respect to any change of control payments, the Separation Agreements or the pursuit of remedies relating thereto. Such forward-looking statements reflect Alpayana Canada and Alpayana's current beliefs and are based on information currently available. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", "target", "intend", "could" or the negative of these terms or other comparable terminology. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and a number of factors could cause actual events or results to differ materially from the results discussed in the forward-looking statements. In evaluating these statements, readers should specifically consider various factors that may cause actual results to differ materially from any forward-looking statement. These factors include, but are not limited to, market and general economic conditions (including slowing economic growth, inflation and rising interest rates) and the dynamic nature of the industry in which Alpayana operates. Although the forward-looking information contained in this document is based upon what Alpayana Canada and Alpayana believe are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this document are made as of the date of this document and should not be relied upon as representing views as of any date subsequent to the date of this document. Except as may be required by applicable law, Alpayana Canada and Alpayana do not undertake, and specifically disclaim, any obligation to update or revise any forward-looking information, whether as a result of new information, further developments or otherwise.
Time Out Dubai
02-07-2025
- Business
- Time Out Dubai
Mashreq launches NEO PLUS Saver Account with savvy interest rates
A whopping 6.25 percent interest rate on savings? Tell us more. Mashreq has just launched a new savings account that's simple, rewarding and available whether you earn a salary or not. Introducing NEO PLUS Saver Account which allows salaried customers to earn 6.25 percent interest per annum plus get a cashback of up to Dhs5,000 when they transfer a salary of Dhs10,000 or more to their Mashreq NEO Account. That's not all – you can also pocket a salary bonus of Dhs3,500, plus an early bird cashback of up to Dhs1,500. Not a bad way to kick-start your savings goals. Can't transfer salary? No problem. By maintaining a balance of Dhs50,000 or more in your NEO PLUS Saver Account, you'll still get a solid 5 percent interest on your savings per annum. There's also an early bird cashback of Dhs1,500, including 5 percent cashback on debit card spending and Dhs300 cashback on remittances. One of the strongest features of this account is how simple it is. There's no need to sign up for a credit card, mortgage or loan to unlock the benefits. Just download Mashreq Mobile App, which is the top-rated banking app in the UAE with a 4.8 rating, and open a NEO PLUS Saver Account. On the app, there are a couple of wealth creation features as well, like fee-free US stock trading, mutual funds, bonds, thematic investments and more. On the latest product, Radu Topliceanu, the Global Head of NEO at Mashreq, said, 'Mashreq NEO has always been about creating intuitive, high-value banking experiences that fit into our customers' lives. 'With NEO PLUS Saver Account, we are setting a new benchmark for what digital savings can offer in the UAE – unmatched returns, no hidden requirements and a fully digital, customer-first journey from start to finish.' The feature can be accessed exclusively through Mashreq Mobile App. What are you waiting for? Download now and get saving. Download Mashreq Mobile App (Web) Download Mashreq Mobile App (Mobile) Time Out does not offer financial advice.
