DGAP-Adhoc: Leclanché SA announces new appointment and reports supplier objection
Leclanché SA / Key word(s): Change of Personnel
25.09.2013 18:52
Release of an ad hoc announcement pursuant to Art. 53 KR
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Press Release
Leclanché SA announces new appointment and reports supplier objection
Yverdon-les-Bains, Switzerland, September 25, 2013 - Leclanché S.A. (SIX
Swiss Exchange: LECN), announced today that it has appointed Mr Thierry
Perronnet to head up its Distribution Business and provided supplementary
information on a supply contract.
New Appointment
Leclanché specializes in the production of large-format lithium-ion cells
and energy storage solutions but also operates two existing businesses, the
Portable business and the Distribution business. Mr Perronnet's appointment
is in line with Leclanché's strategy to develop and grow these two existing
businesses.
The Portable business, which designs and develops customer specific
portable energy storage systems for military, medical and industrial
applications, achieved unaudited revenues of CHF 5.0 million for the 6
months ending 30 June 2013. During the same period, unaudited revenues for
the Distribution business were CHF1.6million. This business unit provides a
range of consumer energy storage products to a diversified customer base.
Mr Perronnet, a French national, has a strong background in consumer goods
and technological Business to Business ('B2B') markets and has held various
senior positions in sales and marketing in Europe and North America. Until
recently, he was a B2B Marketing Director with Eastman Kodak for the EMEA
region. Prior to that he successfully developed a Business to Customer
('B2C') business in data storage and photographic products that was spun
off from 3M, for whom he had previously worked in Europe and North America.
Supplier Objection
In its recent listing prospectus Leclanché noted that it had terminated a
supplier contract due to quality and contamination issues with the raw
material delivered by this supplier. The company had noted, at the time,
that the supplier had not responded to its termination. The supplier has
rejected Leclanché's position but Leclanché strongly maintains its initial
position to terminate the supply agreement and will take the appropriate
action as necessary.
About Leclanché
Leclanché's strategy is to become one of the leading lithium-ion cell
producers and solution providers for renewable energy storage systems in
Europe. Its strategic priorities are to develop and market energy storage
stationary products for the home, industrial markets and grid applications
and to grow its existing businesses. 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.
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
Media contact:
Christophe Lamps, Dynamics Group S.A.: Telephone: +41 79 476 26 87,
cla@dynamicsgroup.chcla@dynamicsgroup.ch
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 particular revenue levels. Nor can there be any guarantee that
Leclanché, or any of the business units, will achieve any particular
financial results.
25.09.2013 News transmitted by EQS Schweiz AG.
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: SIX
End of Announcement EQS Group News-Service
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