Leclanché SA

EQS-Adhoc: Leclanché SA: China Certification Paves the Way for Leclanché to Capitalise On The $100bn E-Transport Market in China


EQS Group-Ad-hoc: Leclanché SA / Key word(s): Miscellaneous
Leclanché SA: China Certification Paves the Way for Leclanché to Capitalise On
The $100bn E-Transport Market in China

07-March-2017 / 17:33 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
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China Certification Paves the Way for Leclanché to Capitalise On The $100bn
E-Transport Market in China

YVERDON LES BAINS, Switzerland, 7 March 2017:Leclanché SA (SIX: LECN), one of
the world's leading energy storage solution companies, announced today that it
has received certifications recognising its LTO battery cell's compliance with
China's latest standards, a pre-requisite to providing battery solutions to
power electric vehicles in China.

This certification corresponds to the latest standards issued by the Standards
Administration of China, and covers requirements in terms of lifetime, safety
and performance under the following standards: "GB/T 31484-2015 Cycle Life
Requirements and Test Methods for Traction Battery of Electric Vehicle,GB/T
31485-2015 Technical Requirements and Test Methods for Traction Battery of
Electric Vehicle Safety Requirements, andGB/T 31486-2015 Technical Requirements
and Test Methods for Traction Battery of Electric Vehicle Electrical
Performance."

Anil Srivastava, CEO of Leclanché, said: "We are delighted to have received this
important certification and endorsement of Leclanché's superior battery
technology and its suitability to power the growth of the world's largest new
energy vehicle market.

"With the expected doubling of electric vehicle battery capacity in China by
2020 and lithium batteries as the key technology, the opportunities for
Leclanché are significant.This is an important milestone for Leclanché and will
support the growth strategy of the company."

Pierre Blanc, CTO of Leclanché, added: "Leclanché has advanced lithium cells
technology, with more than 100 patents, for both power applications, LTO, and
high energy density cells, G/NMC cells. Coupled with the knowhow of building and
operating Europe's largest and most automated lithium cell manufacturing
facility, Leclanché is the ideal technology licensing and manufacturing partner
to help Chinese companies leapfrog the competition and dominate the global
battery market. Furthermore, with its complete battery systems technology,
including modules and battery management system software, Leclanché can offer
fully integrated solutions for many applications, in particular electric buses."

Leclanché is in advanced discussions with several parties in China as the
company continues to progress plans to develop strategic partnerships in
technology licensing, low-cost manufacturing and, in particular, the more than
$100bn Chinese e-transport market.

This certification is a further testament to the efficacy of Leclanché's
superior LTO cell technology. The certification was performed by China North
Vehicle Quality Supervision Inspection Testing Centre, an independent test
laboratory.

This follows Leclanché's announcement in February of achieving 60% revenue
growth for 2016, in line with guidance, and thatthe company is on track to
deliver above-market revenue growth in 2017. Growth is supported by the current
pipeline of awarded and expected projects which stands at over 450 MWh. Guidance
for breakeven EBITDA profitability above 100MWh production is envisaged by 2018.

Growth targets are subject to a number of factors, including supply chain
capacity and timely access to capital. The company maintains its focus on
capital efficiency and limiting shareholder dilution in funding growth.

* * * * *

About Leclanché

Leclanché is one of the world's leading fully vertically integrated energy
storage solution providers. It delivers a wide range of energy storage solutions
for homes, small offices, large industries, electricity grids, as well as
hybridization for mass transport systems such as bus fleets and ferries.
Established in 1909, Leclanché has been a trusted provider of battery energy
storage solutions for over 100 years. Founded in the tradition of Georges
Leclanché, the inventor of the dry cell battery, Leclanché today has a rich
portfolio of Battery Energy Storage Systems (BESS) that include bespoke battery
systems from industry leading lithium-ion solutions.

Leclanché is listed on the Swiss stock exchange, and is the only listed
pure-play energy storage company in the world.

SIX Swiss Exchange: ticker symbol LECN | ISIN CH 011 030 311 9

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.

* * * * *

Contacts

Investor Contacts
Anil Srivastava / Hubert Angleys
Tel.: +41 (0) 24 424 65 00
E-Mail:invest.leclanche@leclanche.com

Media Contacts
Desirée Maghoo
T: +44 (0) 7775522740
E-Mail:dmaghoo@questorconsulting.com

Simon Barker
T:+44 (0)7866 314331
E-Mail:sbarker@questorconsulting.com

# # #

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End of ad hoc announcement------------------------------------------------------

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 Swiss Exchange



 

End of Announcement EQS Group News Service

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551339  07-March-2017 CET/CEST
 



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