MONBAT RESEARCHES INVESTMENT POSSIBILITIES FOR THE BI-POLAR BATTERIES PRODUCTION FACILITY IN VRATZA, BULGARIA

Corporate
February 20, 2019

As already announced on December 20, 2018, the Group has acquired licensing rights to the full suite of GreenSeal® Bipolar Lead battery technologies of Advanced Battery Concepts. At the beginning of 2019, the management shared its future plans to build a new 2.4GWh plant in Bulgaria, especially for the production of bipolar batteries based on Green Seal®  technology.

Referring to this Monbat has presented an intent to invest in front of Vratza municipality in order to research on the local authorities’ interest in such future project. 

If the intent to invest is approved, Monbat will research into the possibility the project to be financed by European funds.

Attached file: 
Announcementpdf128.34KB