Ad-hoc | 16 November 2012 07:19
Leclanché SA / Key word(s): Change of Personnel/Miscellaneous
16.11.2012 07:19
Release of an ad hoc announcement pursuant to Art. 53 KR
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Press Release
Leclanché provides second business update
Yverdon-les-Bains, Switzerland, 16 November 2012 - Leclanché S.A. (SIX
Swiss Exchange: LECN), specialized in the production of large-format
lithium-ion cells and energy storage solutions, today announced that its
interim Chief Financial Officer, Robert Feij, terminated his contract to be
able to take on a new assignment. His activities will be assumed by the CEO
with the support of members of the Board of directors. Mr. Feij will remain
available over the next weeks to ensure a smooth transition. The Board of
directors would like to thank Mr. Feij for his contribution in a
challenging environment.
In that respect, Leclanché informs that the company is in advanced
discussions with several potential partners to cover its short and medium
term funding needs. Whether these discussions will ultimately be successful
is still open at this point. A separate announcement is expected to be made
next week.
Meanwhile, Leclanché's patented lithium ion technology received a further
validation as it won the prestigious Global Cleantech Cluster Association
(GCCA) 2012 award in the 'Energy Storage' category. The GCCA Award assesses
the most promising later stage companies across the globe and selects the
Top 10 winners in each category from an original pool of 4500 eligible
companies represented by the GCCA's 46 member clusters, including
swisscleantech. The award was granted to Leclanché during the Savannah
International Clean Energy Conference which took place earlier this week in
the United States.
About Leclanché
Leclanché's strategy is to expand its position as one of the leading
lithium-ion cell producers and solution providers for renewable energy
storage systems in Europe. Its strategic priorities are stationary home
electrical energy storage applications and expansion into the stationary
industrial and grid electricity storage markets. Through participation in
research consortia focusing on hybrid and E-mobility applications,
Leclanché is positioned to take advantage of new market opportunities.
Through a unique, patented ceramic separator technology and focus on
lithium-titanate technology, Leclanché manufactures large-format
lithium-ion cells, optimized for safety and cycle-life, in a fully
automated production process. The newly installed production line will have
an annual capacity of 1 million cells or 76 MWh.
Leclanché was founded in 1909 in Yverdon-les-Bains. Through the integration
of a spin-off from the Fraunhofer-Gesellschaft in 2006, the company evolved
from a traditional battery manufacturer to become a leading developer and
manufacturer of lithium-ion cells in Europe. Leclanché currently employs
120 staff and is listed on the SIX Swiss Exchange (LECN). The company has
its headquarters in Yverdon-les-Bains (Switzerland) and production
facilities in Willstätt (Germany).
www.leclanche.eu
Media contact:
Christophe Lamps, Dynamics Group S.A.: Telephone: +41 79 476 26 87,
cla@dynamicsgroup.ch
Contact for German media:
Markus Wieser, CNC AG: Telephone: +49 89 599 458 114,
markus.wieser@cnc-communications.com
Disclaimer
This press release contains certain forward-looking statements relating to
Leclanché's business, which can be identified by terminology such as
'strategic', 'proposes', 'to introduce', 'will', 'planned', 'expected',
'commitment', 'expects', 'set', 'preparing', 'plans', 'estimates', 'aims',
'would', 'potential', 'awaiting', 'estimated', 'proposal', or similar
expressions, or by expressed or implied discussions regarding the ramp up
of Leclanché's production capacity, potential applications for existing
products, or regarding potential future revenues from any such products, or
potential future sales or earnings of Leclanché or any of its business
units. You should not place undue reliance on these statements. Such
forward-looking statements reflect the current views of Leclanché regarding
future events, and involve known and unknown risks, uncertainties and other
factors that may cause actual results to be materially different from any
future results, performance or achievements expressed or implied by such
statements. There can be no guarantee that Leclanché's products will
achieve any particular revenue levels. Nor can there be any guarantee that
Leclanché, or any of the business units, will achieve any particular
financial results.
16.11.2012 News transmitted by EquityStory AG.
The issuer is responsible for the contents of the release.
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Language: English
Company: Leclanché SA
Av. des Sports 42
1400 Yverdon-les-Bains
Switzerland
Phone: +41 (24) 424 65-00
Fax: +41 (24) 424 65-20
E-mail: investors@leclanche.com
Internet: www.leclanche.com
ISIN: CH0110303119, CH0016271550
Swiss Security Number: A1CUUB, 812950
Listed: SIX
End of Announcement EquityStory News-Service
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