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16 07 2019 01

BAAR, Switzerland--(Business Wire)--Blackstone Resources AG (SWX: BLS) has teamed up with several strategic partners from Germany, Belgium, Poland and Austria, the United Kingdom and Switzerland. It has started to build and will finance its own research team with these partners. These include research specialists from a number of disciplines that are based at the Fraunhofer Institutes of both Offenburg and Goslar, plus the Technical Universities of Clausthal and Braunschweig in Germany.

This move forms part of Blackstone’s research and development programme in battery technology, which includes a planned EUR 200 million investment project. This project will be partially funded by Blackstone. The remainder is planned to come from the subsidy programme from the German Federal Ministry for Economic Affairs and Energy (BMWi). Blackstone has already participated in the application process and the results will be decided in the very near future.

This world-class team will aim to achieve a number of objectives. They will develop new production technologies for Blackstone's planned battery production facilities. This will include developing and testing new solid-state battery technologies, plus new production techniques such as 3D-printing.

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