IBU-tec advanced materials AG / DE000A0XYHT5
02.11.2023 - 08:30:08IBU-tec advanced materials AG Is the First Manufacturer in Europe to Commercially Produce Layer Oxides for Sodium-Ion Batteries
| IBU-tec advanced materials AG / Key word(s): Product Launch/Market Launch 02.11.2023 / 08:30 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News First commercial production of sodium manganese oxide (NMO) in Europe Optimized for use in stationary energy storage and electric vehicles Positioning in the future market of sodium batteries Weimar, 2 November 2023 – IBU-tec advanced materials AG (“IBU-tec”, ISIN: DE000A0XYHT5) has launched its new product IBUvolt® NMO, a cathode material for batteries of the future. Sodium manganese oxide (NMO) forms the basis for novel sodium-ion batteries that do not require lithium or other rare raw materials. IBU-tec is thus the first manufacturer in Europe to produce and commercially distribute NMO in larger quantities. IBU-tec’s material is primarily designed for use in stationary energy storage systems and smaller electric vehicles, e.g. for inner-city traffic. IBU-tec has been driving the development and optimization of NMO from laboratory to industrial scale since 2021. IBU-tec has succeeded in developing a special two-stage process that uses the equipment used for LFP cathode material and enables significantly more energy-efficient production compared to previously known manufacturing methods. NMO consists mainly of materials that are commonly found in the environment. Sodium is the sixth most abundant element on earth and can be extracted from sea salt or salt domes, among other things. Manganese is the third most abundant metal after iron and titanium. Sodium-ion batteries can thus be produced much more cheaply and in a more environmentally friendly way than lithium-ion batteries. The new type of battery is also characterized by an even higher level of safety. Jörg Leinenbach, CEO of IBU-tec: “IBU-tec is already the technology leader in Europe for LFP cathode material. With the sodium-ion battery, the next generation of innovative batteries is already in the starting blocks – and IBU-tec is once again one of the pioneers and innovation drivers here. This will enable us to position ourselves even more broadly in the battery sector and position ourselves in another growth market.” About IBU-tec The IBU-tec Group develops and produces innovative materials of the highest quality for industry. It combines unique thermal process technology, some of which is patented, with the process and material know-how of around 250 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 and the reduction of plastic packaging. IBU-tec is thus well 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 Investor Relations IBU-tec advanced materials AG Dr. Stefan Steck Public & Investor Relations Hainweg 9-1199425 Weimar, Germanyt +49 3643 8649-51 IR@ibu-tec.de www.ibu-tec.com Financial and Business Press edicto GmbH Axel Mühlhaus Eschersheimer Landstraße 42-44 60322 Frankfurt, Germany t +49 69 905505-52 IBU-tec@edicto.de 02.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | IBU-tec advanced materials AG |
| Hainweg 9-10 | |
| 99425 Weimar | |
| Germany | |
| Phone: | +49 (0)3643 - 8649-0 |
| Fax: | +49 (0)3643 - 8649-30 |
| E-mail: | mail@ibu-tec.de |
| Internet: | www.ibu-tec.de |
| ISIN: | DE000A0XYHT5 |
| WKN: | A0XYHT |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1762841 |
| End of News | EQS News Service |
| |
