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IBU-tec Advances Development in Sodium-Ion Battery Research Making Further Progress

EQS-News: IBU-tec advanced materials AG / Key word(s): Miscellaneous/Research Update IBU-tec Advances Development in Sodium-Ion Battery Research Making Further Progress 19.02.2024 / 07:53 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News

IBU-tec Advances Development in Sodium-Ion Battery Research Making Further Progress

• Further scaling of sodium manganese oxide production for sodium-ion batteries for stationary energy storage and e-mobility applications beyond 100 kg scale imminent
• Development and production already successfully completed
• Sodium-ion batteries have positive environmental, cost and safety profiles with excellent market prospects
• New research project with Jungheinrich and UniverCell on innovative cathode active material based on sodium iron phosphate for sodium-ion battery systems (NIB systems) / commercialization of NIB system for material handling equipment
• IBU-tec's strong position in materials for LFP batteries to be complemented by new material combinations

Weimar, February 19, 2024 – IBU-tec advanced materials AG ("IBU-tec", ISIN: DE000A0XYHT5) is furthering the development of advanced cathode active materials using its strong position in LFP battery materials. Among other things, IBU-tec is currently making progress in expanding production towards larger volumes and is pushing ahead with research projects.

IBU-tec has already successfully completed the development and production of phase-pure cathode active material made of sodium manganese layer oxide. The commercial production of sodium manganese oxide (NMO) for stationary energy storage systems has already taken place (see Corporate News of November 2, 2023). In the next step of the research project, IBU-tec is testing the cycle stability of the cathode in full cells and further optimizing it. Scale-up for the production of the cathode active material on a 100kg scale has taken place, further scaling is planned. In addition to stationary energy storage systems, electric vehicles are possible application areas.