Blackstone increases capital of Blackstone Technology
Ad hoc announcement pursuant to Art. 53 LR
BAAR, Switzerland (Viz Release) July 9, 2021 – – Blackstone Resources AG (SWX: BLS) is pleased to announce that it will increase the paid-in share capital of its German subsidiary Blackstone Technology GmbH paid by Blackstone Resources AG of Euro 800’000 to now a total share capital of €1’000’000.
In recent weeks and in the Blackstone Battery days in February 2021 there have been key success stories and press coverage regarding the development of our German subsidiary Blackstone Technology GmbH and its progress in the industrialisation and extensive financing of the 3D-printed battery cell. Its parent company Blackstone Resources AG has now taken this success into account by significantly increasing its share capital and open more possibilities. This creates the prerequisite for raising further external debt capital for the growth plans outlined for the company. As already published, the tenfold increase in production is already planned for in 2022. LOI delivering our 3D-printed batteries to 5 customers of up to approx. Euro 184 million has been received.
The rapid developments over the last year were only possible thanks to an extremely motivated team of experienced engineers, competent external research facilities and the move into its modern production facility in Döbeln, Saxony. Its shareholder provide now the further equity capital needed to implement its ambitious plans.
Acquiring engineers in production management, 3D-printing, paste production, laboratory management, IT, maintenance, product development and small series production automation, as well as AI systems, has been completed for 2021. The company will start its initial production in September 2021.
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 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 (C) 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
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info@blackstoneresources.ch
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