08.02.2018 – 07:26

Leclanché SA

EQS-Adhoc: Leclanché SA: Leclanché Building Complete Energy Storage Systems for Commercial and Industrial Applications with NRStor C&I in Canada

EQS Group-Ad-hoc: Leclanché SA / Key word(s): Contract/Development of Sales
Leclanché SA: Leclanché Building Complete Energy Storage Systems for Commercial
and Industrial Applications with NRStor C&I in Canada

08-Feb-2018 / 07:22 CET/CEST
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 Building Complete Energy Storage Systems
for Commercial and Industrial Applications with NRStor C&I in Canada

- Leclanché to provide its first BTM battery energy storage systems in North
America

- NRStor C&I will be the owner and operator of the projects

- The first industrial site is now in construction


YVERDON LES BAINS, Switzerland; DALLAS; and TORONTO, February 8, 2018 -Leclanché
SA (SIX: LECN), a leading global and vertically-integrated battery energy
storage solution company, has been selected by NRStor C&I, a subsidiary of
NRStor Inc., to build a complete battery energy storage system under a turn-key
EPC agreement for an Ontario-based industrial company seeking to reduce its
energy costs through emissions-free technology.

NRStor C&I, based in Toronto, is the principal investor in this project and will
serve as the project owner and operator. It is a leading Canadian energy storage
project developer and owner in the commercial, industrial and institutional
space. NRStor C&I operates under a build, own and operate structure with a goal
of reducing customers' electricity cost via peak demand reduction and optimizing
multiple cashflow streams while utilizing a fossil fuel-free technology that
helps customers reduce their carbon footprint.

The battery energy storage system (BESS) will have a 2.0 MW output capacity and
a lithium ion battery storage system with a duration of at least 2 hours (4.0
MWh) and utilize Leclanché's energy management and fleet management software
systems for control and optimization of the asset performance. Leclanche also
has preliminary agreements for two other industrial locations with NRStor that
will also utilize this standardized product and Leclanché in-house design in its
own specific configurations.

"These first C&I storage systems which Leclanché will install in North America
represent a further expansion of our stationary business and they represent an
important, growing segment of our energy storage offerings in the region,"said
Anil Srivastava, CEO, Leclanché."We are very pleased to have NRStor as our
partner in this first project as one of Canada's leading energy storage
development companies implementing behind the meter solutions for the country's
commercial and industrial segments."

The goal of the behind the meter (BTM) energy storage system is to significantly
reduce a customer's energy demand during peak periods when energy and demand
charges are very high while also providing ancillary services to the grid and
allowing customers to optimize the usage of onsite emission-free renewable
energy. Leclanché's C&I energy storage systems are also designed to integrate
multiple on-site electric vehicle (EV) charging stations to meet the rapid
expansion of fast charge electric vehicles.

In addition to the C&I energy storage project announced today, Leclanché has
several major storage initiatives underway in both Canada and the U.S. The
company is nearing completion of an advanced battery storage project in Ontario,
Canada, known as the Basin Project. The high-quality project, built and owned by
Leclanché and development partner Deltro Energy, is the first utility-scale
energy storage facility designed to balance the Ontario power grid, with a total
investment of approximately USD $25 million.

Leclanché has installed other C&I energy storage systems in Europe and Asia and
will present a fully-integrated C&I product line in the second quarter of 2018
for both large- and mid-scale customers which provides a combination of smart
standardized in-house design and flexibility for multiple battery technologies
and application differences. With these products, Leclanché will also integrate
innovative EV fast-charging technology as it foresees the convergence of
electrification in the transportation sector and advanced distributed power
applications.

In July 2017, Leclanché announced an agreement between Toronto-based eCAMION to
develop and install a network of 34 fast-charging stations along the
Trans-Canada Highway (TCH). The project, designed to encourage the adoption of
EVs in Canada, entails an investment of CAD $17.3 million (USD $13.6 million)
and is being partially funded by a CAD $8.0 million (USD $6.2 million) repayable
contribution from Natural Resources Canada (NRCan) under the Canadian Energy
Innovation Program.

In addition, Leclanché is currently serving as the turn-key engineering,
procurement and construction (EPC) contractor and battery energy storage system
supplier for the Marengo project in the PJM Market in the United States. This is
a 20 MW / 20 MWh grid-scale energy storage project which is among the largest,
fully-commercial battery storage projects in North America. The Chicago-area
project is being developed for the PJM Interconnection, the regional independent
system operator of the transmission grid.

About Leclanché
Leclanché is one of the world's leading fully vertically integrated energy
storage solution providers. It delivers a wide range of energy storage solutions
for homes, small offices, large industries, electricity grids, as well as
hybridization for mass transport systems such as bus fleets and ferries.
Established in 1909, Leclanché has been a trusted provider of battery energy
storage solutions for over 100 years. Founded in the tradition of Georges
Leclanché, the inventor of the dry cell battery, Leclanché today has a rich
portfolio of Battery Energy Storage Systems (BESS) that include bespoke battery
systems from industry leading lithium-ion solutions. Leclanché is listed on the
Swiss stock exchange, and is the only listed pure-play energy storage company in
the world.
SIX Swiss Exchange: ticker symbol LECN | ISIN CH 011 030 311 9
For more information, visit:www.leclanche.com.

About NRStor C&I
NRStor C&I L.P., a subsidiary of NRStor Inc., is a turn-key BTM energy storage
solution provider for commercial, industrial and institutional customers. NRStor
C&I provides energy storage as a service under a turn-key build, own, and
operate business model where no-capital outlay is required from the customer.
For more information, visit:www.nrstor.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 revenue levels. Nor can
there be any guarantee that Leclanché, or any of the business units, will
achieve any particular financial results.

# # #

Media contacts

Investor Contacts
Anil Srivastava / Hubert Angleys
Tel.: +41 (0) 24 424 65 00
E-Mail:invest.leclanche@leclanche.com

North America
Richard Anderson / Cara Johnson
Feintuch Communications
Tel.: +1 (718) 986-1596 / (212) 808-4904
E-Mail:leclanche@feintuchpr.com

UK/Global
Simon Barker
Questor Consulting
Tel.: +44 7866 314331
E-Mail:Sbarker@questorconsulting.com

 

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End of ad hoc announcement------------------------------------------------------

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:   SIX Swiss Exchange



 

End of Announcement EQS Group News Service

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652551  08-Feb-2018 CET/CEST