Weimar, 28 November 2022 – IBU-tec advanced materials AG (“IBU-tec”, ISIN: DE000A0XYHT5) has received a significant order in the battery sector. As part of a partnership with an international commercial vehicle manufacturer, IBU-tec will develop a new cathode active material. The basis for this will be the existing, high-performance IBUvolt® lithium iron phosphate products.
IBU-tec sees the current partnership as a possible model in which development collaborations open the door to subsequent large-volume series production of new materials as part of a European supply chain. To date, IBU-tec is the only manufacturer of LFP battery material in Europe.
Ulrich Weitz, CEO of IBU-tec: “This order is a milestone for our strategic expansion in the battery sector. The major order underpins IBU-tec’s unique position in battery materials. It is not without reason that an international commercial vehicle manufacturer relies on our know-how and experience in this field. We assume this cooperation will be exemplary for further corresponding partnerships and orders from the industry. Of course, it is our goal that such development partnerships will later lead to series production by IBU-tec. We work towards this goal and see ourselves in a promising position.”
The IBU-tec Group develops and produces innovative materials of the highest quality for industry. It combines unique thermal process engineering technology, some of which is patented, with the process and materials know-how of around 250 highly qualified employees.
The company’s own products include LFP battery material, which is an important component of batteries for electromobility and stationary energy storage, as well as solutions for air purification, resource conservation and the reduction of plastic packaging. IBU-tec is thus positioned for the long term in global megatrends - especially climate and environmental protection - and has an international customer base ranging from innovative medium-sized companies to global corporations.
IBU-tec advanced materials AG
Dr. Stefan Steck
Public & Investor Relations
t +49 3643 8649-51
Financial and Business Press
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