16.11.2017 – 14:22

LION E-Mobility AG

DGAP-News: LION E-Mobility AG: LION E-Mobility extends successful, strategic investment further

DGAP-News: LION E-Mobility AG / Key word(s): Investment/Alliance
LION E-Mobility AG: LION E-Mobility extends successful, strategic investment
further

16.11.2017 / 14:18
The issuer is solely responsible for the content of this announcement.

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Inboard Technology produces electric skateboards in Santa Cruz, California. The
company established itself as one of the market leaders in the quickly growing
Rideables market, due to the high quality of its first product, the electric
skateboard Inboard M1, as well as due to its global sales network. Further
increasing demand for electric skateboards motivates the start-up company to
extend its product portfolio and to further develop the Inboard M1. The initial
LION E-Mobility investment has significantly increased its value within less
than half a year. This success opens up new opportunities to LION E-Mobility to
cooperate strategically and to participate. LION E-Mobility invests again
$500.000 as part of a total capital increase of $8 million.

LION Smart is already involved in the next product development process. It is
considered a long-term partner for development and production.

About Inboard:

The company's flagship product is the Inboard M1 premium electric skateboard,
which offers unlimited range with the category's only swappable battery. The
M1's sleek design, and powerful, rugged, dual in-wheel motors meet consumer
demands for performance, reliability, and style. The M1 is also the only
electric skateboard that improves over time with regular firmware updates. The
most recent update delivered 40% more torque, meaning faster off the line
performance and dramatically better hill climbing ability.

The partnership with Best Buy sees the Inboard M1 joining a growing category of
personal electric Rideables at over 200 Best Buy locations as well as online at
BestBuy.com.

The Inboard M1 is available at inboardtechnology.com, Amazon.com, more than 200
Best Buy stores across the United States and from specialty retailers in the US,
Canada and Europe.

 "As the adoption of personal electric Rideables become an integral part of the
urban transportation landscape, Inboard Technology is ideally positioned to
capture this huge opportunity," said Kobie Fuller, General Partner at Upfront
Ventures. "This team has shown how to innovate around brand, product and
service, to deliver outstanding products that appeal to a rising generation of
urban travelers."
 
About LION Smart:

LION Smart GmbH is an innovative development service provider for original
equipment manufacturers (OEMs) and suppliers of the automobile industry and
other industry sectors like aviation and maritime. As a partner in system
analysis, selection and design of electric energy storage systems like lithium
batteries and integration into the specific vehicle concept LION Smarts
engineers have a very high level of expertise. LION Smart carries out its own
research program in the field of lithium-ion technology and has filed two
patents in the past twelve months.)
 About LION E-Mobility AG:LION E-Mobility AG (WKN: A1JG3H, Ticker: LMI, Reuters:
LMIG.MU) is a Swiss Holding with strategic investments in the e-mobility sector,
particularly in the field of electric energy storage as well as battery pack
development and management. The Company holds 100% of the German LION Smart
GmbH, a development and engineering company specialized on custom designed
battery packs and battery-management-systems. LION Smart GmbH further holds a
30% stake of the TÜV SUED Battery Testing GmbH, a dynamically growing joint
venture with the renowned TÜV SUED AG. Members of the Board of Directors are:
Mr. Daniel Quinger (President of the Board), Mr. Tobias Mayer, Mr. Hany Magour,
Dr. Isolde Semm and Mr. Martin Specht. The Management of LION Smart GmbH
consists of Mr. Tobias Mayer and Mr. Walter Wimmer. The Managing Director of the
TÜV SUED Battery Testing GmbH is Mr. Christian Theeck. For more information
please visit our homepage: www.lionemobility.com
 Disclaimer
This presentation contains forward-looking statements that involve a number of
risks and uncertainties, including statements that relate to, among other
things, the Company's objectives, goals, strategies, intentions, plans, beliefs,
expectations and estimates, and can generally be identified by the use of words
such as "may", "will", "could", "should", "would", "likely", "expect", "intend",
"estimate", "anticipate", "believe", "plan", "objective" and "continue" (or the
negative thereof) and words and expressions of similar import. Although the
Company believes that the expectations reflected in such forward-looking
statements are reasonable, such statements involve risks and uncertainties, and
undue reliance should not be placed on such statements. Certain material factors
or assumptions are applied in making forward-looking statements, and actual
results may differ materially from those expressed or implied in such
statements. Important factors that could cause actual results to differ
materially from expectations include but are not limited to: general business
and economic conditions (including but not limited to currency rates and
creditworthiness of customers); Company liquidity and capital resources,
including the availability of additional capital resources to fund its
activities; level of competition; changes in laws and regulations; legal and
regulatory proceedings; the ability to adapt products and services to the
changing market; the ability to attract and retain key executives; and the
ability to execute strategic plans. The Company does not undertake any
obligation to update publicly or to revise any of the forward-looking statements
contained in this presentation, whether as a result of new information, future
events or otherwise, except as required by law.
 Investor Relations Contact:
Mr. Walter WimmerEmail:  ir@lionemobility.de
http://www.lionemobility.deLION E-Mobility AG
Lindenstrasse 16
6340 Baar
Switzerland

 

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16.11.2017  Dissemination of a Corporate News, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English

Company:  LION E-Mobility AG

          Lindenstraße 16

          6340 Baar

          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 Frankfurt, Hamburg, Munich (m:access)



 

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