IBU-tec advanced materials AG has signed with Blackstone Technology, a letter of intent ("LOI") for supplies with own LFP battery material, which is produced at IBU-tec. According to the LOI, IBU-tec is to deliver battery raw materials in the three digit ton range during the first year and then tonnages up to the middle four digit range to the technology company. The IBU-tec material is intended for cathodes of LFP battery cells, which are used in the field of e-mobility also in special vehicle construction or in stationary energy storage systems, among others. With the potential new customer, IBU-tec wants to further strengthen its position on the battery material growth market. As recently as mid-June IBU-tec announced a comprehensive sales cooperation for its own battery product with an Asian global player - even before the official beginning of the sales launch of its own LFP material in Q4/2021.