18.05.2017 – 19:28

LION E-Mobility AG

DGAP-Adhoc: LION E-Mobility AG: LION E-Mobility AG invests in Inboard Technology

DGAP-Ad-hoc: LION E-Mobility AG / Key word(s): Investment/Miscellaneous
LION E-Mobility AG: LION E-Mobility AG invests in Inboard Technology

18-May-2017 / 19:21 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP
- a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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LION E-Mobility AG invests 250.000 USD in Inboard Technology Inc..
https://www.inboardtechnology.com/
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-Information and Explanation of the Issuer to this News:

Inboard Technology is a personal electric vehicle startup from Santa Cruz,
California.
The company has developed a unique electric drivetrain for last-mile mobility,
and positioned itself in the rapidly growing market of rideables with their
first product, the Inboard M1(TM) Electric Skateboard. For the M1, Inboard was
the first to develop custom hub motors engineered directly into the wheels and a
swappable battery into the deck of the skateboard. A major disadvantage of
previous drive trains for rideables was that the mobile transport device had to
be pushed or carried with an empty battery. Inboard was able to increase user
friendliness with its Manta Drive motor concept, as the skateboard can be moved
without additional resistance, even with an empty battery. In the future, our
subsidiary LION Smart GmbH will cooperate with Inboard Technology in the area of
​​battery technology and battery management systems for last mile mobility. In
addition to electric skateboards, Inboard plans to launch a full range of
different form factors for last-mile transportation. . Cooperation in other
areas, has been planned and initial activities have already been started.

LION E-Mobility AG has therefore decided to make a significant investment with
Inboard Technology Inc.. Furthermore, the management of LION E-Mobility AG has
agreed with Inboard Technology Inc. for continued investment as Inboard
continues to grow.

Through the investment, LION E-Mobility AG is positioning itself in the
fast-growing rideables market with the aim of accelerating the further spread of
its battery management system and the group's services into other industries and
markets.
The cooperation with Inboard clearly advances the expansion of LION E-Mobility
AG into the United States.
 
Quote Ryan Evans, CEO Inboard Technology Actions Sports Inc.:'Inboard is
thrilled to partner with the German leader in battery technology, development,
and testing. Inboard's partnership with LION enables our Team to continue to be
at the forefront of battery technology and the thought leader of the exciting
new market of Personal Electric Vehicles (P-EV) '

Quote Daniel Quinger, CEO LION-E-Mobility AG: 'The cooperation with Inboard will
help us to position our battery management systems technology in the field of
low voltage battery systems more mobility solutions and also help us to gain
traction in the North American market. The Inboard team and technology convinced
me as an entrepreneur, engineer as well as a skateboarder. We expect our
collaboration will mutually benefit both companies.'----------------------------
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Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English

Company:  LION E-Mobility AG

          Poststraße 14

          6300 Zug

          Switzerland

Phone:    +41 (0)41 500 54 11

Fax:      +41 (0)41 500 54 12

E-mail:    info@lionemobility.de

Internet: www.lionemobility.com

ISIN:     CH0132594711, CH0132594711

WKN:      A1JG3H  , A1JG3H

Listed:   Regulated Unofficial Market in Hamburg, Munich (m:access); Open Market
in Frankfurt



 

End of Announcement DGAP News Service

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575497  18-May-2017 CET/CEST