Blackstone secures 40 million Euro funding for battery manufacturing expansion
Ad hoc announcement pursuant to Art. 53 LR
BAAR, Switzerland - (August 5, 2021) - Blackstone Resources AG (SWX: BLS) is pleased to announce that it has secured further investments of EUR 40 million for its German subsidiary Blackstone Technology GmbH from Blackstone Resources AG as an investor.
Blackstone announced earlier that its German subsidiary Blackstone Technology GmbH will expand its production facilities to 500 MWh per annum at its existing site in Döbeln, Saxony, in 2022. With the contract concluded today, the financing for this project has been secured.
At present, six customers from various industrial fields, have reserved capacity for our 3D-printed batteries of 1’642 MWh with a combined order value of approximately EUR 200 million.
In addition, the construction of a new development-centre in the immediate vicinity of the existing production-plant has also been financially secured. From 2022, engineers and scientists from Blackstone Technology GmbH and its partners will further develop the manufacturing processes for Blackstone's worldwide expansion plan for its next-generation 3D-printed solid-state batteries.
This in turn, forms the basis for the future scaling up of production towards the company’s first 1000 MWh-milestone for battery production and then further on to 5,000 MWh per year. Right now, Blackstone’s most important priority is to scale up production.
The foundation has already been laid for our future with Blackstone's 3D-printing technology. This includes further developments and products for solid-state batteries, which will allow us to gradually industrialise, disruptive product developments and establish these new products in the market. With continuous development steps running parallel to series production, we therefore guarantee the technological maturity and marketability of our next gen products today rather than tomorrow. This allows us to be present in the market right from the start and develop application-oriented solutions that are able to generate income at an early stage of development and demonstrate the quality of our solutions.
Blackstone Resources AG
Blackstone Resources is a Swiss Holding Company, with its legal domicile in Baar, Kanton Zug, and is concentrating on the battery technology and battery-metals market and offers direct exposure to the battery-technology revolution.
Presently, Blackstone Technology GmbH builds up a production-line for small series of 3D printed batteries in Döbeln, Saxony, Germany. The short-term production will be pouch-cells with the Blackstone Thick Layer Technology © which allows a 20% higher density in lithium-ion cells, Blackstone Resources continues the program of development in solid state batteries and its production process.
Electric vehicles and batteries have driven the demand for vast quantities of these metals. Therefore, Blackstone Resources sets up, develops, and manages production-refineries for battery-metals such as lithium, cobalt, manganese, graphite, nickel and copper.
For more information please visit www.blackstoneresources.ch or contact:
Blackstone Resources AG
Blegistrasse 5 T: +41 41 449 61 63
CH-6340 Baar F: +41 41 449 61 69
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