Leclanché SA

EQS-Adhoc: Swiss company Leclanché secures USD 28.9 million purchase order and USD 6.0 million credit export insurance for landmark Canadian energy storage project

EQS Group-Ad-hoc: Leclanché SA / Key word(s): Miscellaneous
Swiss company Leclanché secures USD 28.9 million purchase order and  USD 6.0
million credit export insurance for landmark  Canadian energy storage project

19.04.2016 / 06:45
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

Swiss company Leclanché secures USD 28.9 million purchase order and
USD 6.0 million credit export insurance for landmark
Canadian energy storage project

Yverdon-les-Bains, Switzerland, 19 April 2016:Leclanché S.A. (SIX Swiss
Exchange: LECN), the fully vertically integrated, battery energy storage
solution provider, has formally received a USD 28.9 million (CHF 27.9 million)
purchase order to deliver one of the world's largest stationary storage systems
to Independent Electricity System Operator (IESO) in Ontario.  This purchase
order, covering the primary battery and power conversion equipment for the
project, is part of the previously announced USD 45.0 million project
construction scope to be managed by Leclanché.

The company also received a USD 6.0 million (CHF 5.8 million) revolver credit
insurance policy from Swiss Export Risk Insurance (SERV), the Swiss government
sponsored insurance company, which has already worked with Leclanché on its
Graciosa Island project. The revolver facility provides additional working
capital, which brings another positive impact on the growth cash needs of the
Company. This new agreement demonstrates continuous support from SERV with the
assignment of the insurance policy for the Ontario Battery Storage System (BSS)

The IESO order represents Leclanché's first major project in North America where
the Company is positioning itself to become a leader in the fast-growing North
American energy storage market. When installed, the 53 MWh Ontario project, to
be distributed across six separate sites will be one of the largest battery
energy storage projects in operation in the world.  Leclanché has partnered with
Deltro Energy Inc. which will procure, design and construct the site facilities,
balance of plant scope and high voltage connections to the grid. The Company is
targeting the completion of the initial phases of the project on schedule in
late 3Q 2016, despite a minor fire which occurred earlier this month in part of
its factory in Willstaett, Germany.

This single purchase order represents a 53 percent increase to the Company's
2015 turnover. "Our strategy and execution proves that in today's economic
environment, Swiss industrial companies can successfully compete globally in
high-technology and fast growth markets to deliver value," said Anil Srivastava,
CEO, Leclanché. "We continue to win industry landmark projects thanks to our
vertically integrated energy storage system offering and world-class turnkey
project delivery capabilities."

"The Company is building upon investments already made and scaling up its
operation to deliver between 150MWh to 200MWh of industrial grade energy storage
systems in 2017, thus firmly putting ourselves on the path to delivering
sustainable profitable growth," said Srivastava.

About Leclanché
Leclanché is a fully vertically integrated, battery energy storage solution
provider. It delivers a wide range of turnkey 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 reliable partner for 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. Since 2006, the company
moved from a traditional battery producer to become one of the first developers,
manufacturers and provided of lithium-ion cells in Europe. Leclanché's BESS 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, as well as 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 anodes) and industry-leading long service life resulting into
reduced total cost of ownership. With its patented separator technology, which
is a core element of lithium-ion batteries, Leclanché is able to make cells with
very good safety characteristics, under 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 defence and medical applications. Leclanché also distributes
primary and secondary batteries and accessories of other producers.

Leclanché is listed on the Swiss stock exchange. SIX Swiss Exchange: ticker
symbol LECN | ISIN CH 011 030 311 9

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.

# # #

Media contacts:
Worldwide, except U.S. and Canada:
Jacques Boppe / Maya Aprahamian
Tel.: +41 (0) 24 424 65 00

U.S. and Canada:
Rick Anderson / Henry Feintuch
Tel.: +1 (718) 986-1596 / +1 (212) 808-4901

End of ad hoc announcement

19.04.2016 News transmitted by EQS Schweiz AG. www.eqs.com - 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


Internet: www.leclanche.com

ISIN:     CH0110303119, CH0016271550

Valor:    A1CUUB, 812950

Listed:   Foreign Exchange(s) SIX

End of News EQS Group News Service
455233  19.04.2016 

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