Leclanché SA

EQS-Adhoc: Leclanché completes its battery-based energy storage systems with a major acquisition

EQS Group-Ad-hoc: Leclanché SA / Key word(s): Miscellaneous
Leclanché completes its battery-based energy storage systems with a
major acquisition

13.08.2015 / 17:55
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 completes its battery-based energy storage systems
with a major acquisition

  - Acquisition of design and IP rights for modules and battery management
    system software from ADS-TEC GmbH

  - Plans to invest in a module assembly facility at its Yverdon-les-Bains
    site in Switzerland

  - Significantly improved competitive position and margins

Leclanché today announced an acquisition to strengthen its product range
for stationary storage applications and insourced manufacturing capacity in
Switzerland. This complements the recent acquisition of Trineuron, focused
on transport applications. These acquisitions will allow Leclanché to
control all aspects of the technology from cells manufacturing to complete
system design, modules assembly and installation. Thus, the company can
improve its competitive position and margins while providing optimized
best-in-class solutions to its customers, for the broadest range of
stationary and transport applications. Leclanché continues to position
itself as one of the few companies manufacturing and offering both
power-intensive and high energy density lithium-ion storage solutions
together with multiple application-specific system designs.

Yverdon-les-Bains, 13 August 2015 - With the acquisition of design, IP
rights for modules and battery management system (BMS) software, and
production knowhow of the battery system technology developed by ADS-TEC,
Leclanché reinforces its strategy to position itself as a complete
solutions provider. ADS-TEC, based in Nürtingen (Germany), has been a
partner of Leclanché for many years and has developed state-of-art modules,
BMS and master control systems using Leclanché's cell technology for
stationary applications. These battery storage systems have been used in
customer applications for many years and have proven their quality in
demanding applications.

The transaction is a shares and cash deal with consideration in the form of
1,000,000 (one million) Leclanche shares and two million euros in cash.

Anil Srivastava, CEO of Leclanché, commented: "These acquisitions have
propelled the company into new space, to be amongst a select few energy
storage players in the industry with complete vertical integration
capabilities from cell manufacturing to full storage systems delivery. This
is a strong proof of the company continuing to execute its growth plans, as
per previously communicated strategy. With the phased transition of
manufacturing from ADS-TEC to Leclanché in Switzerland, we will continue to
serve our customers without any interruption whilst substantially
increasing our manufacturing base and total solutions provision within
Switzerland".

For further information
Claude-Olivier Rochat, Voxia communication - Mobile +41 (0)79 203 52 19
co.rochat@voxia.ch

Rohan Sant, Voxia communication - Mobile +41 (0)79 120 00 28
rohan.sant@voxia.ch

About Leclanché
Leclanché, which is listed on the Swiss stock exchange (SIX:LECN), has a
wide range of storage products for homes, small offices, large industries,
electricity grids, hybridization for mass transport systems like fleet of
buses, trams etc.

Established in 1909 Leclanché has been a reliable partner for battery
storage technologies. Founded in the tradition of Georges Leclanché, the
inventor of the dry cell battery, Leclanché today has a rich portfolio of
Energy Storage Systems that include Specialized Customer-specific Battery
Systems to industry leading lithium-ion solutions.
Through the integration of a spin-off of the German Fraunhofer Institute in
2006 the company evolved from a traditional battery producer into one of
the first developers and manufacturers of lithium-ion cells in Europe.
Leclanché's Storage Solutions are optimized for various applications, in
particular for the integration of renewable energy, diesel fuel reduction,
electricity grid-connected ancillary services, peak power shaving for heavy
industries but also for heavy duty transportation in buses, trams, trains
or maritime vessels.

Leclanché products are characterized by a very high cycle stability (both
for cells with titanate and graphite anode) and long service life. Thanks
to our patented separator technology, which is a core element of lithium
ion batteries, Leclanché is able to make cells with very good safety
characteristics in a highly automated production process. Leclanché
operates a fully automated plant for the production of large format
lithium-ion cells at an annual maximum capacity of up to one million cells
and is capable of running multiple chemistries through production for
different cell characteristics.
In addition, Leclanché offers a number of specialized battery systems
through its Portable Business Unit, such as customer-specific energy
storage systems for defense and medical applications. Leclanché also
distributes primary and secondary batteries and accessories of other
producers.

End of ad hoc announcement

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13.08.2015 News transmitted by EQS Schweiz AG. www.eqs.com - news
archive: http://switzerland.eqs.com/de/News

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:      Foreign Exchange(s) SIX


End of News    EQS Group News-Service
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