Korsair Holdings AG

DGAP-News: Korsair Holdings AG: Korsair Holdings AG Enters Into Strategic Alliance Agreement with Lion Alternative Energy PLC a London UK Based Clean Energy Company

DGAP-News: Korsair Holdings AG / Key word(s): Agreement/Alliance
Korsair Holdings AG: Korsair Holdings AG Enters Into Strategic
Alliance Agreement with Lion Alternative Energy PLC a London UK Based
Clean Energy Company

19.02.2014 / 11:50


Berlin, Germany - February 19, 2014, Korsair Holdings AG (NOM.BE),
announces that it has entered into a strategic cooperation agreement with
Lion Alternative Energy PLC ('Lion Energy'), a London UK based company that
is focused on green energy projects in the Mediterranean region.

Boris Rubizhevsky, Korsair Holdings AG Chief Executive Officer, stated: 'We
are delighted to have been able to reach strategic cooperation agreement
with Lion Energy that not only expands our reach into Mediterranean
marketplace, but just as importantly gives Korsair access to proprietary
technologies developed by Lion Energy.  Lion Energy brings to the table
knowledge of the region, technical expertise, engineering design
capabilities and a solid reputation with financial community. We look
forward working with Lion Energy's president Kostas LIAPIS and his team.'

'Our current focus on the Mediterranean area, (Greece in particular), and
North Africa shall result in projects that address substantial clean energy
needs and contribute to broad energy infrastructure from sources that are
reliable, renewable, clean, indigenous and economical.  Furthermore, Lion
Energy intends to be in the business of developing and operating solar
power plants and solar desalination plants, energy storage systems,
emissions abatement installations and distribution and installation of
solar heating and cooling systems' comments Kostas LIAPIS President of
Lions Alternative Energy PLC.' Korsair is an ideal partner in Lion Energy
expansion plans'

Further, Kostas Liapis, CEO of Lion Energy added, 'Together with the
Korsair Team, we will contribute to the preservation of the environment and
to the increase in the quality of life of many people. Indeed, this will be
a meaningful part of the major transformations occurring in the world in
this century, while generating profits for our shareholders.'

About Lions Alternative Energy PLC
The firm is headquartered in London, England, with offices in Mediterranean
region. Lions Energy has a portfolio of clean technologies ranging from
electrochemical thermal energy conversion, desalination technologies, and
hydrogen production and storage technologies.  Lion Energy will use
Korsair's energy generating systems to independently develop its own
utility scale solar and wind farms to produce electricity for sale in
Europe. The company will also have exclusive rights to distribution of
Korsair generating systems for projects located in Europe.

About Korsair Holdings AG
Korsair Holdings AG is a technology holding company with a focus on
environmental and technical infrastructure projects related to renewable
energy and clean technologies. By combining environmental innovations with
creative management and proven industrial leadership, Korsair Holdings AG
strives to stay in the forefront of the CleanTech business.

Poststrasse 10
6060 Sarnen, Switzerland


Disclaimer; Forward-Looking Statements:
This or any other statement from KORSAIR HOLDINGS AG contains
forward-looking statements that are based on assumptions and estimations of
KORSAIR HOLDINGS AG. Words such as 'estimate,' 'expect', 'plan,' 'project'
and 'will' and similar expressions identify such forward-looking
statements. The actual results may differ substantially from such
assumptions and estimations caused by various factors. These
forward-looking statements speak only as of their dates and have been
reasonable at that time. KORSAIR HOLDINGS AG undertakes no obligation to
publicly update or revise any forward-looking statements. This or any other
statement from KORSAIR HOLDINGS AG does not constitute an offer or a
solicitation of an offer for the purchase or sale or subscription of any
securities of KORSAIR HOLDINGS AG in Germany, Switzerland or any other
country. This statement constitutes pure information about the company.
Each and any investment into securities, particularly into shares of young
companies like KORSAIR HOLDINGS AG, bears high risks including a total loss
of the invested amount. Potential investors generally should consult a
qualified advisor before taking any investment decision at all.

End of Corporate News


19.02.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


253121 19.02.2014

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