IBU-tec advanced materials AG develops next-generation batteries within the framework of research projects

- The IBU-tec Group participates actively in the development of innovative battery materials and strengthens its market position in this field

- Focus on the upgrading of the own IBU-tec battery material

- Research with renowned partners in the field of solid state batteries, amongst others

Weimar, 07 April 2021 - IBU-tec advanced materials AG ("IBU-tec", ISIN: DE000A0XYHT5) will participate in three publicly funded research projects for the advancement of innovative battery materials. The objective of the funded projects is to develop new battery materials for e-mobility as well as for stationary and further industry-relevant applications. In this way, the IBU-tec Group leverages its strong market position as well as its know-how in the field of battery materials to develop new combinations of materials and applications. As a result of the participation in the research group, IBU-tec will also expedite the development of own battery products.

The partners of the research projects are, amongst others, the renowned Fraunhofer Society, the Technical University of Braunschweig as well as some well-known industrial companies from the automotive industry, for instance. With this strong group of partners the core areas of the value chain in battery production are covered. Following a successful evaluation of the outline proposal, the funding application has already been submitted and the project implementation will probably start during the 2nd half of 2021. The funding projects are entitled: "Battery materials for future electromobility, stationary, and other industry-relevant applications (Battery 2020 Transfer)" and are part of the framework programme: "From Material to Innovation".

In two projects IBU-tec focuses on the technical advancement of solid-state batteries. In a third funding project IBU-tec deals with new technologies for a resource-friendly and CO₂-saving production of cathodes. In this way IBU-tec participates actively in the development of next-generation batteries and hence clearly expands its innovation basis.

Ulrich Weitz, CEO of IBU-tec advanced materials AG: "The further development of battery materials is highly significant for the renewable energy landscape. We are very proud that we can advance the technological development, together with strong partners from industry and research. As IBU-tec Group we cannot only continue to expand our know-how in this growth segment but also significantly strengthen our network. This means that in future, too, we will noticeably benefit from the mega trends concerning batteries and stationary battery storage systems."

About IBU-tec

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 are 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.

Contact

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Axel Mühlhaus
Eschersheimer Landstraße 42-44
60322 Frankfurt
Tel. +49 (0) 69-905505-52
Email: [email protected]