Blackstone Resources Acquires Property for 5 GWh Production

BAAR, Switzerland - Jan. 23, 2022 - PRLog -- Blackstone Resources AG (SWX; symbol BLS, ISIN CH0460027110) is pleased to announce that with the acquisition of extensive land in Döbeln, Saxony, the way is paved to increase the capacity of the battery factory to the target of 5 GWh annually in three further stages. "With the purchase of approx. 16,500 m² of land at the site of our subsidiary, Blackstone Technology GmbH, we are once again one step closer to our vision," says a delighted CEO Ulrich Ernst.

On the roadmap according to plan with three milestones:

The extensive gain in space comes at an ideal time for Blackstone. "With this step, we are creating the production capacities that our customers and partners demand," says CMO Serhat Yilmaz. "We can now implement our roadmap according to plan and will swiftly realise the next expansion stages." Following the recently opened production facility in Döbeln, multi-stage expansions are planned for a new gigafactory building up to a preliminary peak capacity of 5 GWh annually.

The first milestone was the start of the production facility with a capacity of 50 MWh. It was reached at the end of 2021 and presented to the international public at a major press conference. Currently, the first products and sample cells are being finalised for various customers and the automotive industry. "The high energy density of our battery cells, their environmental compatibility and the unprecedented flexibility in shaping are particularly valid arguments for our technology.

As a second milestone, the output of the 3D printing facility for lithium battery cells in Döbeln will initially be increased tenfold. "The first intermediate step will increase our total capacity to 500 MWh". The expansion has already begun and will be completed on schedule within the next 12 months.

Finally, the third milestone is scaling up to a 5 GWh annual capacity in 2023-24. A two-story extension to the present battery factory is planned for this purpose. Particularly noteworthy is the small space required for this increased high capacity. We will ask for the building permit for this extension as soon as possible.

For more information, please visit www.blackstoneresources.ch

Press & Media Contact:
Serhat Yilmaz
Chief Marketing Officer
Blackstone Resources AG
Blegistrasse 5, CH-6340 Baar,
Switzerland
Tel: +41 41 449 61 63
Fax: +41 41 449 61 69
press@blackstonresources.ch / info@blackstoneresources.ch
https://www.blackstoneresources.ch

Investor Relations:
ir@blackstoneresources.ch
Registered Share: ISIN CH0460027110

The disclaimer is an integral part of this press release. Please read the disclaimer to fully understand its contents: http://www.blackstoneresources.ch/investors/disclaimer/