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) supply.

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

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