29.07.2015 – 07:08

Leclanché SA

EQS-Adhoc: Leclanché SA: Leclanché significantly strengthens its product range and system integration capabilities with the acquisition of the company Trineuron

EQS Group-Ad-hoc: Leclanché SA / Key word(s): Acquisition
Leclanché SA: Leclanché significantly strengthens its product range
and system integration capabilities with the acquisition of the
company Trineuron

29.07.2015 / 07:01
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

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Leclanché significantly strengthens its product range and system
integration capabilities with the acquisition of the company Trineuron

Leclanché continues to increase its system expertise and its vertical
integration of storage technology from cell manufacturing to complete
system design and manufacturing. This acquisition will allow Leclanché to
increase its offering in terms of Battery Management Systems (BMS) and
module design for demanding transport applications. The acquisition of
Trineuron also brings a team of 10 experienced engineers and an existing
sales backlog and pipeline. Leclanché continues to position itself as one
of the few companies manufacturing and offering multiple chemistries and
multiple system designs.

Yverdon-les-Bains, 29 July 2015 - Trineuron, a business unit of the Belgian
company Emrol, is active in the design and manufacturing of lithium ion
storage systems mainly for transport applications and with a strong focus
on the use of lithium Titanate technology. With this acquisition, Leclanché
adds a new system development centre, incorporating an additional 10
engineers from Trineuron. The development capability of Leclanché will be
greatly increased with the addition of these competences, and in particular
in the field of transport applications such as electric/hybrid buses,
ferries, mining vehicles, AGVs (automated guided vehicles), etc. Trineuron
has a large number of existing customers in transport applications, in
particular for AGVs and has a significant sales pipeline. The commercial
activities will be integrated within our Transport Business Unit, while
engineering will be integrated within our System Development Team. As part
of the acquisition process, Stefan Louis, Managing Director of Trineuron,
will be joining the executive committee of Leclanché in the role of Chief
Strategy Officer. The acquisition is in the form of a share deal whereby
the company acquires a subsidiary of Emrol against payment of 410,000
Leclanché shares.

This acquisition will allow for a product cost reduction and an increase in
Leclanché's competitiveness, along with a stronger market position by
increasing the product offerings and expanding its storage system design
expertise. Leclanché will continue to build its industry leadership in
quality and performance and further position itself as the complete energy
storage solution provider.

Anil Srivastava, CEO of Leclanché, commented: "We are very happy to be able
to announce this important advancement in our company's continued growth,
which is fully in line with our previously communicated strategy. Trineuron
has a very complementary technology to Leclanche's current business and
brings a strong sales footprint in our target markets. They will provide a
strong re-enforcement of our storage system offerings and advance the
vertical integration of our storage solution technology. By adding the
development capability for transport solutions from Trineuron, Leclanché
increases its depth as an integrated storage solution provider for
industrial applications."

For further information
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

About Leclanché
Established in 1909 Leclanché has been a reliable partner for battery
storage technologies. Founded in the tradition of Georges Leclanché, the
inventor of the dry cell battery, Leclanché today has a rich portfolio of
Energy Storage Systems that include Specialized Customer-specific Battery
Systems to industry leading lithium-ion solutions.
Through the integration of a spin-off of the German Fraunhofer Institute in
2006 the company evolved from a traditional battery producer into one of
the first developers and manufacturers of lithium-ion cells in Europe.
Leclanché's Storage Solutions are optimized for various applications, in
particular for the integration of renewable energy, diesel fuel reduction,
electricity grid-connected ancillary services, peak power shaving for heavy
industries but also for heavy duty transportation in buses, trams, trains
or maritime vessels.
Leclanché products are characterized by a very high cycle stability (both
for cells with titanate and graphite anode) and long service life. Thanks
to our patented separator technology, which is a core element of lithium
ion batteries, Leclanché is able to make cells with very good safety
characteristics in a highly automated production process. Leclanché
operates a fully automated plant for the production of large format
lithium-ion cells at an annual maximum capacity of up to one million cells
and is capable of running multiple chemistries through production for
different cell characteristics.
In addition, Leclanché offers a number of specialized battery systems
through its Portable Business Unit, such as customer-specific energy
storage systems for defense and medical applications. Leclanché also
distributes primary and secondary batteries and accessories of other
producers.
Leclanché, which is listed on the Swiss stock exchange (SIX:LECN), has a
wide range of storage products for homes, small offices, large industries,
electricity grids, hybridization for mass transport systems like fleet of
buses, trams etc.

End of ad hoc announcement

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29.07.2015 News transmitted 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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