08.12.2017 – 09:06

LION E-Mobility AG

DGAP-News: LION E-Mobility AG: LION E-Mobility invests in the Munich start-up ParkHere

DGAP-News: LION E-Mobility AG / Key word(s): Alliance/Investment
LION E-Mobility AG: LION E-Mobility invests in the Munich start-up ParkHere

08.12.2017 / 09:02
The issuer is solely responsible for the content of this announcement.

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ParkHere is a successful Munich-based start-up company that has set itself the
goal of facilitating the search for parking spaces with sensors embedded in the
ground. The ultra-thin, energy-autonomous ground sensors are installed in the
parking areas and register when a car enters or leaves the parking lot. Due to
the increasing scarcity of parking spaces and often blocked electric charging
stations, car park monitoring is becoming an increasingly important topic. The
easy-to-integrate sensors do not require an external power supply and can
therefore be quickly and easily installed.
The competitors, including well-known companies, already failed in the
development of an efficient parking surveillance system in a pilot project. Due
to its outstanding technical and scientific performance, ParkHere's innovative
project was awarded with the VDE-Award as the first energy self-sufficient car
park sensor. Quote from Mrs. Prof. Dr. -Ing. Petra Friedrich, Chairwoman of the
VDE Southern Bavaria: "This year, a young start-up in the category of business
will receive the VDE Award. The start-up convinced the jury with a particularly
clever idea of a self-sufficient parking sensor. ParkHere has the potential for
economic success."
From LION's point of view ParkHere is the market leader with this product
concept, which is why LION E-Mobility AG has decided to invest in the company by
issuing convertible bonds worth EUR 200,000. The investment will also enable us
to make greater use of joint synergies with the Munich-based start-up in the
future.

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 Wimmer
Email:  ir@lionemobility.de
http://www.lionemobility.com
 
LION E-Mobility AG
Lindenstrasse 16
6340 Baar
Switzerland
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08.12.2017  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)



 

End of News DGAP News Service

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