Weimar, 02 August 2021 – IBU-tec advanced materials AG ("IBU-tec", ISIN: DE000A0XYHT5) has signed with Blackstone Technology, an innovative German cathode manufacturer, a letter of intent (“LOI”) for supplies with own LFP battery material, which is produced at IBU-tec. According to the LOI, IBU-tec is to deliver battery raw materials in the three digit ton range during the first year and then tonnages up to the middle four digit range to the technology company. The IBU-tec material is intended for cathodes of LFP battery cells, which are used in the field of e-mobility also in special vehicle construction or in stationary energy storage systems, among others.
With the potential new customer, IBU-tec wants to further strengthen its position on the battery material growth market. As recently as mid-June IBU-tec announced a comprehensive sales cooperation for its own battery product with an Asian global player – even before the official beginning of the sales launch of its own LFP material in Q4/2021.
Dr. Arndt Schlosser, CSO, IBU-tec advanced materials AG: “As a result of the planned partnership, we can further push our market penetration in the battery sector. Both companies are equally benefiting from a cooperation. We supply the material produced by us, which Blackstone Technology will use for the cathode manufacturing of the battery cell. Together we would hence succeed in reliably building up a supply chain for LFP batteries. In this way we make a major contribution to the use and securing of sustainable energy sources in Germany.”
The IBU-tec Group develops and produces innovative materials of the highest quality for the industry. It combines unique, partly patent-protected thermal process engineering, with the process and material know-how of around 250 highly qualified employees. The products include important components of battery materials for electric mobility and stationary energy storage, as well as solutions for air purification, resource conservation or the reduction of plastic packaging. IBU-tec is thus in a long-term position to respond to global mega trends, especially in the fields of climate and environmental protection. It has an international customer base ranging from innovative medium-sized companies to global corporations.
Further information can be found online at www.ibu-tec.de.