Blackstone receives subsidy and operating permit for 3D battery production

Ad hoc announcement pursuant to Art. 53 LR

(PresseBox) ( BAAR, Switzerland, )
Blackstone Resources AG (SWX: BLS) is pleased to announce that its German subsidiary, Blackstone Technology GmbH, has received the official operating-permit from the authorities of the city of Döbeln to start production of 3D printed Li-ion battery-cells. In addition, the Sächsische Aufbaubank, SAB, today approved subsidy-funding for the investments.

Blackstone Technology GmbH is building manufacturing facilities for the production of 3D printed battery-cells in Döbeln, Saxony, Germany. Production will start in September 2021 after the installation of the machineries and equipments is completed. An application for this was submitted to the building authorities in May. Thanks to comprehensive preparation and good cooperation with the relevant authorities, approval was granted in a very short time. The operating permit was handed over by the Lord Mayor of the city of Döbeln during an official meeting with the CEO and CFO of Blackstone Resources AG, Baar, and the CEO of Blackstone Technology GmbH, Döbeln.

Blackstone has applied for GRW funding from the Sächsische Aufbaubank for the construction of the serial-plants in Döbeln. The joint task "Improvement of the regional economic structure" (GRW) has as its central funding priority the support of investments in the commercial economy. The Sächsische Aufbaubank today handed over the decision for a 20% subsidy for the investment expenditure to Blackstone. This measure is financed with tax funds on the basis of the budget passed by the Saxon State Parliament.
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