• Acquisition of design and IP rights for modules and battery management system software from ADS-TEC GmbH
• Plans to invest in a module assembly facility at its Yverdon-les-Bains site in Switzerland
• Significantly improved competitive position and margins

Leclanché today announced an acquisition to strengthen its product range for stationary storage applications and insourced manufacturing capacity in Switzerland. This complements the recent acquisition of Trineuron, focused on transport applications. These acquisitions will allow Leclanché to control all aspects of the technology from cells manufacturing to complete system design, modules assembly and installation. Thus, the company can improve its competitive position and margins while providing optimized best-in-class solutions to its customers, for the broadest range of stationary and transport applications. Leclanché continues to position itself as one of the few companies manufacturing and offering both power-intensive and high energy density lithium-ion storage solutions together with multiple application-specific system designs.

Yverdon-les-Bains, 13 August 2015 – With the acquisition of design, IP rights for modules and battery management system (BMS) software, and production knowhow of the battery system technology developed by ADS-TEC, Leclanché reinforces its strategy to position itself as a complete solutions provider. ADS-TEC, based in Nürtingen (Germany), has been a partner of Leclanché for many years and has developed state-of-art modules, BMS and master control systems using Leclanché’s cell technology for stationary applications. These battery storage systems have been used in customer applications for many years and have proven their quality in demanding applications.

The transaction is a shares and cash deal with consideration in the form of 1,000,000 (one million) Leclanche shares and two million euros in cash.

Anil Srivastava, CEO of Leclanché, commented: “These acquisitions have propelled the company into new space, to be amongst a select few energy storage players in the industry with complete vertical integration capabilities from cell manufacturing to full storage systems delivery. This is a strong proof of the company continuing to execute its growth plans, as per previously communicated strategy. With the phased transition of manufacturing from ADS-TEC to Leclanché in Switzerland, we will continue to serve our customers without any interruption whilst substantially increasing our manufacturing base and total solutions provision within Switzerland”.

For further information
Claude-Olivier Rochat, Voxia communication – Mobile +41 (0)79 203 52 19
co.rochat@voxia.ch
Rohan Sant, Voxia communication – Mobile +41 (0)79 120 00 28
rohan.sant@voxia.ch

About Leclanché

Headquartered in Switzerland, Leclanché SA is a leading provider of high-quality energy storage solutions designed to accelerate our progress towards a clean energy future. Leclanché’s history and heritage is rooted in over 100 years of battery and energy storage innovation and the Company is a trusted provider of energy storage solutions globally. This coupled with the Company’s culture of German engineering and Swiss precision and quality, continues to make Leclanché the partner of choice for both disruptors, established companies and governments who are pioneering positive changes in how energy is produced, distributed and consumed around the world. The energy transition is being driven primarily by changes in the management of our electricity networks and the electrification of transport, and these two end markets form the backbone of our strategy and business model. Leclanché is at the heart of the convergence of the electrification of transport and the changes in the distribution network. Leclanché is the only listed pure play energy storage company in the world, organised along three business units: stationary storage solutions, e-Transport solutions and specialty batteries systems. Leclanché is listed on the Swiss Stock Exchange (SIX: LECN).

SIX Swiss Exchange: ticker symbol LECN | ISIN CH 011 030 311 9

Disclaimer

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.

Contacts Leclanché

Media Switzerland /Europe:

Thierry Meyer

T: +41 (0) 79 785 35 81

E-mail: tme@dynamicsgroup.ch

Media North America:

Henry Feintuch / Ashley Blas

T: +1-914-548-6924 / +1-509-494-4053

E-mail: leclanche@feintuchpr.com  

Media Germany:

Christoph Miller

T: +49 (0) 711 947 670

E-mail: leclanche@sympra.de

Investor Contacts:

Anil Srivastava / Hubert Angleys

T: +41 (0) 24 424 65 00

E-mail: invest.leclanche@leclanche.com