Leclanché SA

EQS-Adhoc: Leclanché SA: Leclanché to develop battery storage solution for Fastned's network of fast charging stations


EQS Group-Ad-hoc: Leclanché SA / Key word(s): Miscellaneous
Leclanché SA: Leclanché to develop battery storage solution for Fastned's
network of fast charging stations

19-Sep-2017 / 07:38 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
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Leclanché to develop battery storage solution for Fastned's network of fast
charging stations

YVERDON LES BAINS, Switzerland, 19th September 2017:Leclanché SA (SIX: LECN),
one of the world's leading energy storage solution companies, announced today a
partnership with Fastned, the Dutch company pioneering the roll-out of fast
charging stations for electric vehicles (EVs) in Europe. Leclanché will develop
a battery storage solution for Fastned's fast charging electric vehicle
stations, starting with a pilot at two locations.

Fastned has built and is operating 63 fast charging EV stations in the
Netherlands. The company's strategy is use its Dutch network as a blueprint to
roll-out fast charging stations across Europe and it is expanding quickly: in
April, Fastned signed an agreement with Transport for London to become a partner
for the development of the city's 300 fast charging points by 2020, and in
September the company was awarded a subsidy of EUR4.1 million by the German
government to build 25 fast charging stations.

Anil Srivastava, CEO of Leclanché, said: "Fastned is one of the most advanced
fast charging organisations in the world and we are delighted to become the
company's energy storage partner. Our flexible and scalable battery solutions
enable us to support businesses in a wide range of situations, from our work
with Fastned to vast grid-scale projects such as in Canada, where we are
building North America's largest fast charging network, to electric buses and
ferries, through to creating battery swap solutions for small vehicles in
countries where grids may be less reliable."

Michiel Langezaal, Founder and CEO, Fastned, said: "Leclanché has been leading
innovation in energy storage for many years and is the ideal partner for us to
develop a battery storage service for our rapidly growing network in Europe. The
pilot project will showcase the technology and provide the data to support
financing the roll out of Leclanché's batteries throughout our network."

Leclanché will provide scalable battery energy storage systems (BESS) for
Fastned, using large-format lithium-ion batteries. This storage system will
allow Fastned to deploy multiple high powered chargers per site while reducing
the strain on the grid. The battery acts as a buffer between the electricity
grid and the vehicles charging. It will also allow Fastned to store the solar
energy from its solar roofs on-site. Leclanché's system will recharge the
battery storage units during off-peak times at considerable cost-savings and
reduction in stress to the grid. Leclanche and Fastned will make fast charging
smart while improving the customer experience.

Fastned's highway charging stations have up to eight fast chargers, delivering a
full charge within 20 minutes. Its city stations have up to four fast chargers.
Payment is via an app.

In July, Leclanché announced its partnership with eCAMION and SGEM to build and
operate a network of 34 fast charging EV stations along the Trans-Canada
Highway, with installation of the stations from the second quarter of 2018,
after trials.

This followed the company's June announcement of a worldwide deal with Skoda
Electric in which Leclanché will provide Skoda Electric with batteries for its
electric bus expansion strategy. Leclanché is also in advanced negotiations with
an automotive systems integrator for a large volume battery solutions contract
in India for which test units are being shipped shortly.

The EV industry is on the cusp of transformational growth as the power supply to
vehicles switches from fossil fuels to environmentally friendly electricity;
this shift is driving the long-term requirement for fast charging battery
storage solutions.

According to the International Energy Agency, the number of electric vehicles
grew by 60 per cent to two million in 2016. While this only represents 0.2 per
cent of cars and other light vehicles, governments are playing a major role in
growing the market: in June, the 10 government group Electric Vehicle
Initiative, including the USA, China, Japan, UK, Germany and France, set the
target of having 30 per cent of vehicles battery powered by 2013. This equates
to over 200 million cars. In addition, the UK and France have banned diesel and
petrol cars by 2040; China is also considering a ban; and in India, the power
regulator has recently announced a policy encouraging vehicle battery swapping
models, which would enable EVs to exchange their nearly discharged battery for a
full charged one.

* * * * *

About Leclanché

Leclanchéis 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

About Fastned

Fastnedis building a European network of fast-charging stations where all
electric cars can charge within 20 minutes. The stations are located at high
traffic locations along highways and in cities. Fastned has 63 stations
operational in The Netherlands and is working on expanding its fast charging
network to the rest of Europe. Already, the company has construction plans for
charging stations in Germany, the United Kingdom and Belgium.
The number of EVs in Europe is increasing rapidly as car manufacturers invest
billions of Euros in new models.

Fastned is listed on the Nxchange stock exchange.

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
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.
* * * * *

 

Europe/global:
Desirée Maghoo
T: +44 (0) 7775522740
E-mail:dmaghoo@questorconsulting.com

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

US and Canada:
Rick Anderson
T: +1 (718) 986-1596

Henry Feintuch
T: +1 (212) 808-4901
E-mail:leclanche@feintuchpr.com

Shareholder, Analyst and Investor contacts:
E-mail:investors@leclanche.com

Investor Contacts
Anil Srivastava / Hubert Angleys
Tel.: +41 (0) 24 424 65 00
E-Mail:invest.leclanche@leclanche.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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610743  19-Sep-2017 CET/CEST
 



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