EQS-News: Leclanché SA: Leclanché and Litarion (an Electrovaya Company) announce a supply agreement for graphite NMC lithium-ion electrodes
EQS Group-News: Leclanché SA / Key word(s): Contract
Leclanché SA: Leclanché and Litarion (an Electrovaya Company) announce
a supply agreement for graphite NMC lithium-ion electrodes
11.05.2015 / 07:02
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Joint Press Release
Leclanché and Litarion (an Electrovaya Company) announce
a supply agreement for graphite NMC lithium-ion electrodes
Yverdon-les-Bains, Switzerland / Kamenz, Germany, 11 May 2015 - Leclanché
S.A. (SIX Swiss Exchange: LECN), specialized in the production of
large-format lithium-ion cells and energy storage solutions and Litarion
GmbH, formerly Evonik-Litarion GmbH and now a subsidiary of Electrovaya
Inc. (TSX: EFL) specialized in the research, development, and manufacturing
of high performance electrodes, and in particular graphite and NMC based
electrodes, today announce that they have entered into a supply agreement
for the manufacturing and the commercialization of Lithium ion storage
systems incorporating electrodes from Litarion. The two companies will
build on the extensive experience that Litarion has gained in the
manufacturing of electrodes over the last 10 years and on the strong cell
production knowhow and capability that Leclanché has implemented at its
German subsidiary located in Willstaett.
This agreement is the result of several months of joint collaboration and
sees two of Europe's largest lithium ion production capacities increasing
their collaboration.
Pierre Blanc, Leclanché's Chief Technical and Industrial Officer commented:
"I am delighted that we have concluded this agreement with Litarion GmbH,
whose electrode development and production capability is world class.
Through this agreement two of Europe's largest lithium ion manufacturing
capabilities are tightening their relationship to offer the market leading
electrochemical storage systems. The combination of Litarion's capabilities
in electrode manufacturing, and Leclanché's state of the art cell
manufacturing using our proprietary manufacturing and separator technology
have resulted in lithium ion cells with outstanding performance. Through
this agreement we further secure this collaboration."
André Mecklenburg, Litarion's Chief Operational Officer commented: "The
last six months has been a period of constant change at Litarion GmbH.
Shifting from a one-hundred-percent supplier to the automotive industry, we
are now focusing on the emerging market of energy storage systems and
industrial applications. We are extremely happy having this supply contract
with Leclanché, fitting excellently in our new core field of business. We
are confident that the combination of our high performance electrodes
together with Leclanché's outstanding cell assembly know-how will lead to
joint commercial success."
Media contact
For Leclanché:
Claude-Olivier Rochat, Voxia communication - Mobile +41 (0)79 203 52 19
co.rochat@voxia.ch
Rohan Sant, Voxia communication - Mobile +41 (0)79 120 00 28
rohan.sant@voxia.ch
For Litarion:
Paul Hart, CFO, Electrovaya T. +1 (905) 855-4618
ir@electrovaya.com
About Leclanché
Leclanché's strategy is to become one of the leading lithium-ion cell
producers and solution providers for energy storage systems in Europe. Its
strategic priorities are to develop and market energy storage products for
home, industrial and transport markets and grid applications and to grow
its existing businesses of developing portable energy storage systems for
military, medical and industrial applications. It also includes providing a
range of professional energy storage systems to a diversified customer
base. 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 one million cells or 76 MWh using our
Lithium Titanate technology and 150 MWh using the electrodes from Litarion.
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
more than 100 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
About Litarion GmbH
Litarion GmbH manufactures electrodes and ceramic separators for
large-format, highly efficient lithium ion battery cells marketed under the
brand names LITARION(R) and SEPARION(R), using the latest coating and
process technologies. Mainly based on NMC cathodes, graphite anodes and
SEPARION(R) (a benchmark in ceramic separator technology), Litarion offers
tailor-made solutions for its customers. Litarion was established in 2008
as a subsidiary of Evonik Industries AG, supplying components for Lithium
Ion cells and batteries mainly for the automotive industry. Litarion in
April 2015 became a 100% subsidiary of Electrovaya Inc., a public company
listed in the Toronto Stock Exchange (EFL:TO). Litarion GmbH is now
focusing on components for Energy storage and industrial applications
battery systems in addition to its existing automotive business. Litarion
has more than 150 employees and an annual production capacity of 500 MWh
(anode, cathode and separator). The company has its headquarters and
production facilities in Kamenz/Saxony (Germany) and is TS 16949 certified.
For more information please go to: www.litarion.de and www.electrovaya.com
Disclaimer
This press release contains certain forward-looking statements relating to
the businesses of Leclanché and Litarion (together "Companies" or "the
Companies"), 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 the
Companies' production capacities, potential applications for existing
products, or regarding potential future revenues from any such products, or
potential future sales or earnings of the Companies or any of their
business units. You should not place undue reliance on these statements.
Such forward-looking statements reflect the current views of the Companies
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 the Companies' products
will achieve any particular revenue levels. Nor can there be any guarantee
that Companies, or any of the business units, will achieve any particular
financial results.
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Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=WIJNGCPHYE
Document title: Joint Press Release
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11.05.2015 This Corporate News was distributed by EQS Schweiz AG.
www.eqs.com - news archive: http://switzerland.eqs.com/de/News
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
Valor: A1CUUB, 812950
Listed: Foreign Exchange(s) SIX
End of News EQS Group News-Service
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