The Swiss mining and investment company Blackstone Resources (BLS) has announced that it is considering listing its Blackstone technology unit on the American Stock Exchange.Although details about the operations of its subsidiaries are still thin, the company says it is developing a3D printingTechnology, capable of producing high-energy-density lithium-ion batteries. As Blackstone Technology prepares to enter series battery production, its parent company is currently considering listing in the United States to capitalize on investor interest there and raise funds to fund its future expansion.
Holger Gritzka, CEO of Blackstone Technology, claimed last year that the company has developed a battery3D printingThe process, “paved the way for mass production of solid-state battery cells”, this approach can open up opportunities for the technology in “major markets” such as the automotive and marine industries, and help establish 5G wireless networks.
Ambiguous battery3D printing
According to Blackstone, the liquid electrolyte battery production line can only produce one type of battery at a time, making it energy-intensive and expensive.To solve this problem, the company stated that it has developed a method that uses3D printingThe flexibility of creating an integrated battery and case in one step has a lifespan that is 20% longer than traditional equipment.
Given that Blackstone’s batteries are said to be based on water-based binders rather than flammable liquid electrolytes, it also claims that they are “completely free of contaminants.” Since July 2020, the company has announced a series of “milestones” in its patented technology research and development, and finally in its recent disclosure, it is “now ready to go into production.”
However, the specific details behind the “thick layer technology” of the Blackstone Group are still shrouded in mystery.when3D printingWhen the industry contacted the company many times for comments, the company was unable to clarify whether its technology was based on laser or adhesive jet, and only described it as a “fast 3D screen printing process”, and then did not elaborate on its opinions.
Therefore, it is difficult to assess the pros and cons of the Blackstone Group’s claims about its technology, which in turn raises questions about the company’s potential issuance in the United States.In the past, some companies tried to take advantage of stock market trends to make quick profits.3D printingThe Blackstone Group’s refusal to share the IPO and the level of concern about electric vehicle batteries cast doubts on its future intentions.
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A 5×5 cm square battery with luminous LED is 3D printed using Blackstone’s mysterious technology. Picture from Business Wire
Blackstone Group intends to conduct an IPO in the United States
Currently, Blackstone Resources itself is listed on the Swiss SIX Exchange, where it says it “enjoys good liquidity” and “healthy trading volume”. In fact, despite the company’s claims of “strong support” from the Swiss market, its stock has slowly fallen since its peak in January 2021, falling continuously from 5.90 Swiss francs to 3.84.
Blackstone Technology stated that its technology has “passed a series of important milestones” in the past 18 months, and these milestones “have not yet been reflected in the value of its parent company’s stock, including the opening of its battery manufacturing plant in Saxony, Germany.” And successfully tested its technology in February 2021.
After establishing the infrastructure to enter mass production now, Blackstone Resources stated that it is planning to list its subsidiary on the American Stock Exchange.Although the company has not yet decided whether this will take the traditional form of an IPO, or whether it will use3D printingSPAC merger trend, but it insists that this move will attract investors who “firmly support its ambitious expansion plan.”
According to the Blackstone Group, it is already in discussions with “large private equity firms and investment banks” on how to best conduct an IPO, but considering that battery companies like QuantumScape, FREYR and Solid Power have raised funds in similar ways in the past, it Think it has an advantage now because they intend to enter production from 2023-2025, and its goal is to fully launch in September 2021.
Printed batteries are coming soon?
Although the Blackstone Group has been reluctant to introduce the technology behind its upcoming battery in detail, several well-known3D printingThe company has also identified the market for the technology in the production of electric vehicles (EV).Just last month, Sakuu released an electric car battery3D printingThe printer is designed to produce batteries with a much higher charge level than traditional batteries.
At the same time, the British company Photocentric established a new department in September 2020, dedicated to the development of environmentally friendly3D printingElectric battery. Ultimately, the company’s goal is to develop fast-charging batteries with greater power density, which have potential applications in drones, delivery robots, and electric vehicles.
Elsewhere, to help find the best source materials for battery production, 6K Energy has opened a new facility dedicated to identifying sustainable energy storage alternatives. So far, the company has pledged to invest $25 million in its center of excellence as it seeks to solve problems in the areas of electric vehicles, grid storage and consumer goods.
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