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DGAP-News: Leclanché SA: Leclanché announces preliminary discussions with Precept regarding the possible creation of a global energy storage platform

EQS Group-News: Leclanché SA / Key word(s): Miscellaneous
Leclanché SA: Leclanché announces preliminary discussions with Precept
regarding the possible creation of a global energy storage platform

01.04.2014 / 07:21


Leclanché announces preliminary discussions with Precept regarding the
possible creation of a global energy storage platform

Yverdon-les-Bains, Switzerland, April 1, 2014 - Leclanché S.A. (SIX Swiss
Exchange: LECN), specialized in the production of large-format lithium-ion
cells and energy storage solutions, today announces that pursuant to recent
discussions, it has received a letter from Precept Fund Management SPC
acting on behalf of Precept Segregated Fund Portfolio ("Precept") stating
it is considering creating a global energy storage platform, which could
include Leclanché. Discussions are at a preliminary stage and this may or
may not lead to a transaction.

A Global Energy Storage Platform

Precept  has articulated, in its letter, the desire to potentially create a
multi-technology, energy storage platform, including Leclanché and Oakridge
Energy Technologies Inc., (Ticker: OKME) ("Oakridge") in which it holds a
majority stake. The new platform would aim to become a leading
multi-technology, global energy storage solutions provider, with
manufacturing capacity in North America, Europe and Asia. Precept stated
that it wishes to engage with the Company to evaluate further the key
elements of its strategy and the capital required for its execution.

These discussions are preliminary and may or may not lead to a transaction.

Whilst the Company is supportive in principle of becoming part of a larger,
global, energy storage, multi-technology group, and will engage with
Precept to evaluate options, it is unable to comment further at this stage.

About Leclanché

Leclanché's strategy is to become one of the leading lithium-ion cell
producers and solution providers for energy storage systems in Europe. Its
strategic priorities are to develop and market energy storage  products for
home, industrial markets and grid applications and to grow its existing
businesses of developing portable energy storage systems for military,
medical and industrial applications. It also includes providing a range of
professional energy storage systems to a diversified customer base. Through
participation in research consortia focusing on hybrid and E-mobility
applications, Leclanché is positioned to take advantage of new market

Through a unique, patented ceramic separator technology and focus on
lithium-titanate technology, Leclanché manufactures large-format
lithium-ion cells, optimized for safety and cycle-life, in a fully
automated production process. The newly installed production line will have
an annual capacity of one million cells or 76 MWh.

Leclanché was founded in 1909 in Yverdon-les-Bains. Through the integration
of a spin-off from the Fraunhofer-Gesellschaft in 2006, the company evolved
from a traditional battery manufacturer to become a leading developer and
manufacturer of lithium-ion cells in Europe. Leclanché currently employs
more than 100 staff and is listed on the SIX Swiss Exchange (LECN). The
company has its headquarters in Yverdon-les-Bains (Switzerland) and
production facilities in Willstätt (Germany).

Media contact:

Christophe Lamps, Dynamics Group S.A.: Telephone: +41 79 476 26 87,


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.

End of Corporate News


01.04.2014 This Corporate News was distributed by EQS Schweiz AG. - news archive:

The issuer is responsible for the contents of the release.


Language:    English
Company:     Leclanché SA
             Av. des Sports 42
             1400 Yverdon-les-Bains
Phone:       +41 (24) 424 65-00
Fax:         +41 (24) 424 65-20
ISIN:        CH0110303119, CH0016271550
Valor:       A1CUUB, 812950
Listed:      Foreign Exchange(s) SIX

End of News    EQS Group News-Service
260841 01.04.2014

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