Leclanché SA

EQS-Adhoc: Leclanché and Narada Power sign strategic global alliance

EQS Group-Ad-hoc: Leclanché SA / Key word(s): Alliance
Leclanché and Narada Power sign strategic global alliance

21.11.2016 / 06:30
Release of an ad hoc announcement pursuant to Art. 53 KR.

Leclanché and Narada Power sign strategic global alliance

-Leclanché licenses its lithium-ion cell technologies to battery market leader
Narada Power, listed on the Shenzhen Stock Exchange

-Narada to make strategic investment in Leclanché

-Joint manufacturing in China to achieve scale and reduce production costs

SA (www.leclanche.com), the leading vertically integrated energy storage
solution company, and Zhejiang Narada Power Source Co Ltd, the leading global
battery manufacturer, announced today a strategic partnership for the
manufacturing and development of lithium-ion battery technology for the Chinese
and global markets.

- Leclanché will support Narada with technology transfer to achieve low-cost,
scale manufacturing of Leclanché's proprietary high-cycling and fast-charging
lithium titanate (LTO) and high energy density graphite nickel manganese cobalt
(G-NMC) battery storage technologies.

- Narada will manufacture both G-NMC and LTO at its facilities in Hangzhou,
China, including the opening of its new 2.5 GWh fabrication facility in 2017.
This will complement manufacturing at Leclanché's Willstätt, Germany and
Yverdon-les-Bains, Switzerland sites, providing scale and more competitive
costings to achieve best-in-class global pricing to meet the needs of multiple
end-markets - including stationary, microgrid, commercial and industrial and
electric vehicle applications.

- Leveraging the fast-charging and high-cycle capabilities of LTO technology,
the alliance will aggressively pursue significant market share in China, the
largest electric bus market in the world($4b estimated size according to
Navigant Research).

- Narada will make an equity investment in Leclanché alongside licensing for
technology transfer.

Anil Srivastava, CEO of Leclanché SA, said:"This game-changing alliance
positions Leclanché and Narada for worldwide leadership in the energy storage
market. The alliance will cover the broadest range of battery technologies and
systems integration expertise to competitively deliver a full range of energy
storage applications across stationary, transport and commercial & industrial

Mr. Bo Chen, president of Narada, said:"We are confident that Leclanché's GNMC
and LTO are advanced-class technologies. Through our cooperation we can drive
global-leading technology performance. The alliance provides a foundation for
expanding our market share in fast-growing sectors including for electric
vehicles, renewable energy integration and telecom. Through our equity
investment, Leclanché becomes Narada's strategic systems integration partner
which is well-placed to enhance our ability to offer integrated energy storage
solutions worldwide. I am confident that this alliance will grow to be a world
leader in energy storage."

Detailed terms will not be disclosed until the execution of definitive
agreements, expected on or around 31st December 2016. Alexa Capital LLP is
advising Leclanché on the transaction.

* * * * *

About Leclanché
Leclanché is one of the world's leading fully vertically integrated battery
energy storage solution providers. 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.

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

About Narada
Zhejiang Narada Power Source Co., Ltd. engages in the provision of stored energy
solutions for industrial applications. Its products include back-up power, power
supply and system, and power and energy storage systems. These products are
widely used in telecom, electric power, railway and other infrastructure
applications, including renewable energy and integration with solar photovoltaic
and wind energy generation. The company was established in 1994 in Hangzhou,
China and is listed on the Shenzhen stock exchange.

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.

* * * * *


Investor Relations
Hubert Angleys
Tel.: +41 (0) 24 424 65 00

Media Contacts
Florent Gaillard

North America
Richard Anderson / Henry Feintuch
Feintuch Communications
Tel.: +1 (718) 986-1596 / (212) 808-4901

Simon Barker
Questor Consulting
Tel.: +44 7866 314331

End of ad hoc announcement------------------------------------------------------

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:   SIX Swiss Exchange

End of News EQS Group News Service
522665  21.11.2016 

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