Leclanché SA

EQS-Adhoc: Leclanché SA: Leclanché's share price



EQS Group-Ad-hoc: Leclanché SA / Key word(s): Miscellaneous
Leclanché SA: Leclanché's share price

21.10.2015 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

--------------------------------------------------------------------------------
Press release

Leclanché's share price

Statement of Anil Srivastava, CEO

Yverdon, Switzerland, 21 October, 2015 -In the past months, Leclanché has been
contacted by investors who have pointed out that our continuously declining
share price does not seem to be in line with the company's progress in the
implementation of its strategic plan.

Anil Srivastava, Leclanché's CEO, addresses the issue:

"First of all, I would like to thank all the shareholders who took part in the
recent extraordinary shareholders' meeting (EGM held on October the 6th) for
their outstanding support, with all proposed resolutions adopted at a 99%
approval rate.

Leclanché has made significant progress in 2015 and its Growth Plan is on track,
for which an update was provided during the EGM.  In particular, I would like to
highlight the following items, some of which are leading the global battery
industry:

-5 May 2015 - 8.5 million euros order for the Graciosa project in Portugal. It
is one of the World's largest micro-grid project based on a Lithium Battery
System;

-9 June 2015 - 4.2 MWh battery system order for the World's largest electric
ferryboat in Denmark;

-31 August 2015 - major customer win for solar street lighting solutions in
Saudi Arabia and a major new battery order for automatic guided vehicles;

-19 October 2015 - Leclanché launches a new, highly-efficient "full-electric"
bus at Busworld Europe in Belgium.

The Company takes this matter very seriously and we are monitoring the stock
price development very closely. The management of Leclanché is fully committed
to its Growth Plan and I can reconfirm the previous guidance given that the
Company will reach an adjusted EBITDA* breakeven towards the end of the year."

*As previously recorded, 'Adjusted EBITDA breakeven' is defined as breakeven at
the EBITDA level, after adjustment to exclude of any non-cash items and as
further adjusted to exclude the negative effects of any growth initiatives and
activities which are separately funded under Facility B or otherwise.

For further information:
Claude-Olivier Rochat, Voxia communication. Tel.: (+41) 079 203 52 19
-co.rochat@voxia.ch
Rohan Sant, Voxia communication. Tel.: (+41) 079 120 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

--------------------------------------------------------------------------------
21.10.2015 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.
--------------------------------------------------------------------------------

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

--------------------------------------------------------------------------------

404135  21.10.2015
 

 


Weitere Meldungen: Leclanché SA

Das könnte Sie auch interessieren: