LION E-Mobility AG

DGAP-News: LION E-Mobility AG Founds 100% Subsidiary in the U.S.


DGAP-News: LION E-Mobility AG / Key word(s): Expansion/Strategic Company
Decision
LION E-Mobility AG Founds 100% Subsidiary in the U.S.

18.07.2017 / 08:16
The issuer is solely responsible for the content of this announcement.

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LION E-Mobility AG Founds 100% Subsidiary in the U.S.

Baar, Switzerland - July, 18th 2017 -LION E-Mobility AG will increase its
presence in the North American market with the formation of a wholly owned
U.S.-subsidiary, LION E-Mobility North America Inc. The establishment of this
subsidiary follows the engagement of Roland Bopp in April of this year as CEO
for the Americas and is part of the company's strategy to accelerate its global
expansion. Mr. Bopp is assembling an experienced and effective team in North
America in order to implement the market entry strategy together with LION's
strategic partners in the region.

LION E-Mobility will serve the North American market with a range of innovative
engineering services for OEMs, automotive industry and electrical storage
equipment suppliers.

LION E-Mobility North America Inc. is headquartered in New York and was
incorporated in Delaware in June, 2017.

By participating in major industry conferences, such as the Advanced Automotive
Battery Conference in San Francisco, CA and the Movin'On Conference in Montreal,
Canada in June of this year, LION E-Mobilty has established numerous important
contacts with potential customers and strategic partners. The response to LION
E-Mobility's battery technology has been overwhelmingly positive.

LION E-Mobility North America Inc. will participate together with LION Smart
GmbH in the Battery Show in Novi / Detroit, Michigan - the premier showcase of
the very latest in advanced battery technology - in September, 2017.

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
Schweiz

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18.07.2017  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.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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 Hamburg, Munich (m:access); Open Market
in Frankfurt



 

End of News DGAP News Service

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