DGAP-News: LION E-Mobility AG: LION E-Mobility invests in the Munich start-up ParkHere
08.12.2017 – 09:06
DGAP-News: LION E-Mobility AG / Key word(s): Alliance/Investment LION E-Mobility AG: LION E-Mobility invests in the Munich start-up ParkHere 08.12.2017 / 09:02 The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- ParkHere is a successful Munich-based start-up company that has set itself the goal of facilitating the search for parking spaces with sensors embedded in the ground. The ultra-thin, energy-autonomous ground sensors are installed in the parking areas and register when a car enters or leaves the parking lot. Due to the increasing scarcity of parking spaces and often blocked electric charging stations, car park monitoring is becoming an increasingly important topic. The easy-to-integrate sensors do not require an external power supply and can therefore be quickly and easily installed. The competitors, including well-known companies, already failed in the development of an efficient parking surveillance system in a pilot project. Due to its outstanding technical and scientific performance, ParkHere's innovative project was awarded with the VDE-Award as the first energy self-sufficient car park sensor. Quote from Mrs. Prof. Dr. -Ing. Petra Friedrich, Chairwoman of the VDE Southern Bavaria: "This year, a young start-up in the category of business will receive the VDE Award. The start-up convinced the jury with a particularly clever idea of a self-sufficient parking sensor. ParkHere has the potential for economic success." From LION's point of view ParkHere is the market leader with this product concept, which is why LION E-Mobility AG has decided to invest in the company by issuing convertible bonds worth EUR 200,000. The investment will also enable us to make greater use of joint synergies with the Munich-based start-up in the future. 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 Switzerland -------------------------------------------------------------------------------- 08.12.2017 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 -------------------------------------------------------------------------------- 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 Frankfurt, Hamburg, Munich (m:access) End of News DGAP News Service -------------------------------------------------------------------------------- 637087 08.12.2017