IBU-tec AG Launches Key Customer Project to Develop Innovative Battery Material

Weimar / Bitterfeld, October 14, 2019 - IBU-tec advanced materials AG ("IBU-tec", ISIN: DE000A0XYHT5) has commenced development for a groundbreaking battery material on behalf of a key customer with the goal of significantly and sustainably reducing the amount of lithium in large stationary energy storage systems.

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The new, efficient and high-performance battery material being created with IBU-tec’s proprietary technology platforms and decades of experience promises to yield considerable economic and ecological benefits. Significantly reduced production costs and prices for stationary energy storage systems are projected to greatly increase market acceptance and corresponding increase the use and usability of demand-oriented energy storage from photovoltaic and wind power generation. The development project has been established as ongoing, with no termination dated set by the partners. Upon successful project completion, IBU-tec plans direct and large-scale production of the novel material at its Bitterfeld facility. The client/partner of the development project is a world-renowned international supplier of stationary energy storage solutions.

Dr. Toralf Rensch, Head of Technology at IBU-tec: "Though still very much in the preliminary stages, we are elated about this extremely exciting and innovative project in the battery materials field, as we diligently work to establish reliable timetables for the project duration and our development work. With our thermal know-how and a special process arrangement, we hope to be able to noticeably increase the electrical conductivity of the materials in such a way that the use of lithium can be greatly reduced."

Ulrich Weitz, CEO of IBU-tec adds: "The fact that we have been commissioned for this project demonstrates the expertise of our team and the quality of our technology platforms, upon which we have built the excellent international reputation that IBU-tec enjoys in the field of battery materials. Of great personal importance to me, apart from the economic advantages successful project completion promises, is actively supporting the use of renewable energies and doing what we can to reduce the negative ecological impacts associated with lithium mining.

About IBU-tec
IBU-tec advanced materials AG is a highly specialized, high-growth development and production service provider for the industry for thermal process engineering for the treatment of inorganic powders and granulates. This gives them modified and superior material properties. Through the acquisition of BNT Chemicals GmbH, IBU-tec’s core business has been supplemented by the tin-based BNT product portfolio and wet chemistry segment, significantly expanding its positioning and creating added value.

Through its broad, international customer base, IBU-tec addresses worldwide megatrends such as green mobility (e-mobility and auto catalysts), green economy (including CO2-reduced building materials, rare earths, stationary energy storage) and medical technology (including artificial joints and dentures) , The basis for the market success of IBU-tec is its own flexible technology platform, unique, patent-protected processes and the comprehensive know-how of its 251 employees.

Further information can be found on the Internet at www.ibu-tec.com.

edicto GmbH
Axel Mühlhaus
Eschersheimer Landstraße 42-44
60322 Frankfurt
Tel. +49 (0) 69-905505-52
E-Mail: IBU-tec(at)edicto.de

IBU-tec advanced materials AG
Max Narr
Hainweg 9-11
99425 Weimar
Tel. +49 (0) 151 67955683
E-Mail: max.narr(at)ibu-tec.de

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