Weimar, October 6, 2025 – IBU-tec advanced materials AG (“IBU-tec”, ISIN: DE000A0XYHT5) and PowerCo SE (“PowerCo”) are significantly expanding their cooperation. The two companies today signed a Joint Development Agreement (“JDA”) and an additional long-term supply agreement for European LFP cathode material based on the JDA. Under the JDA, IBU-tec and PowerCo will jointly develop an industrial manufacturing process for LFP cathode material in Europe. In return, IBU-tec will receive payments from PowerCo starting this year, depending on the achievement of technical milestones, which could total a mid-double-digit million-euro amount over a period of up to three years.
Based on this manufacturing process to be developed, IBU-tec has made a commitment to PowerCo to significantly expand its own production capacities for a corresponding LFP cathode material by adding a further production facility at its Bitterfeld site. It has been agreed that IBU-tec's capacities for the production of battery materials will be approximately quintupled. Construction of the new facility is scheduled to begin this year and be completed by 2028 at the latest. IBU-tec has already fully secured financing for the capacity expansion.
Following the expansion of the production capacities, PowerCo has secured the full volume of LFP battery material produced at the plants for itself for a period of 10 years. The framework for the offtake terms and conditions has also already been agreed. For IBU-tec, this means annual sales revenues in the mid- to high double-digit million-euro range from 2028 onwards. IBU-tec expects annual sales revenues and earnings to rise significantly once again in the Group from 2028 onwards, driven primarily by the massive increase in sales revenues and earnings in the battery business.
EXPLANATORY PART
With the JDA now concluded and the subsequent long-term agreement, IBU-tec and PowerCo are making a significant contribution to expanding and securing a European value chain for LFP battery material.
Jörg Leinenbach, CEO of IBU-tec advanced materials AG: “The JDA and the long-term agreement with PowerCo mark a milestone for our company. After years of market and product development, we are now leveraging our expertise to generate economic success that drives IBU-tec into a new stage of growth. We are proud to have found in PowerCo a strong and reliable partner who shares our vision for the battery market.”
Ulrich Weitz, Chief Product Officer and founder of IBU-tec advanced materials AG, adds: “Together with PowerCo, we are strengthening the European and North American value chain for LFP cathode material. IBU-tec thus also has a blueprint for sustainable long-term growth, both in the battery sector and in other future-oriented markets in which the IBU-tec Group operates.”
The IBU-tec Executive Board will provide an update on this topic in a video conference call on 08.10.2025 at 2 PM. Interested investors and journalists are invited to register for the call via this link on the AIRTIME platform: https://www.appairtime.com/event/aeced2ca-732b-4364-b228-b3683890403c.
About IBU-tec
The IBU-tec Group develops and produces innovative materials of the highest quality for industry. It combines unique, partly patent-protected thermal process technology with the process and material know-how of around 230 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 or 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.
Contact
edicto GmbH
Axel Mühlhaus
Eschersheimer Landstraße 42-44
60322 Frankfurt
t +49 69 905505-52
IBU-tec(at)edicto.de