Leclanché continues to increase its system expertise and its vertical integration of storage technology from cell manufacturing to complete system design and manufacturing. This acquisition will allow Leclanché to increase its offering in terms of Battery Management Systems (BMS) and
module design for demanding transport applications. The acquisition of Trineuron also brings a team of 10 experienced engineers and an existing sales backlog and pipeline. Leclanché continues to position itself as one of the few companies manufacturing and offering multiple chemistries and
multiple system designs.

Yverdon-les-Bains, 29 July 2015 – Trineuron, a business unit of the Belgian company Emrol, is active in the design and manufacturing of lithium ion storage systems mainly for transport applications and with a strong focus on the use of lithium Titanate technology. With this acquisition, Leclanché adds a new system development centre, incorporating an additional 10 engineers from Trineuron. The development capability of Leclanché will be greatly increased with the addition of these competences, and in particular in the field of transport applications such as electric/hybrid buses, ferries, mining vehicles, AGVs (automated guided vehicles), etc. Trineuron has a large number of existing customers in transport applications, in particular for AGVs and has a significant sales pipeline. The commercial activities will be integrated within our Transport Business Unit, while engineering will be integrated within our System Development Team. As part of the acquisition process, Stefan Louis, Managing Director of Trineuron, will be joining the executive committee of Leclanché in the role of Chief Strategy Officer. The acquisition is in the form of a share deal whereby the company acquires a subsidiary of Emrol against payment of 410,000 Leclanché shares.

This acquisition will allow for a product cost reduction and an increase in Leclanché’s competitiveness, along with a stronger market position by increasing the product offerings and expanding its storage system design expertise. Leclanché will continue to build its industry leadership in quality and performance and further position itself as the complete energy storage
solution provider.

Anil Srivastava, CEO of Leclanché, commented: ”We are very happy to be able to announce this important advancement in our company’s continued growth, which is fully in line with our previously communicated strategy. Trineuron has a very complementary technology to Leclanche’s current business and brings a strong sales footprint in our target markets. They will provide a strong reenforcement of our storage system offerings and advance the vertical integration of our storage solution technology. By adding the development capability for transport solutions from Trineuron, Leclanché increases its depth as an integrated storage solution provider for industrial applications.” 

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