Leclanché SA: China Certification Paves the Way for Leclanché to Capitalise On The $100bn E-Transport Market in China Dienstag, 07. März 2017 - 17:33

Leclanché SA / Key word(s): Miscellaneous
Leclanché SA: China Certification Paves the Way for Leclanché to Capitalise
On The $100bn E-Transport Market in China

07-March-2017 / 17:33 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR

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China Certification Paves the Way for Leclanché to Capitalise On The $100bn
E-Transport Market in China

YVERDON LES BAINS, Switzerland, 7 March 2017: Leclanché SA (SIX: LECN), one
of the world's leading energy storage solution companies, announced today
that it has received certifications recognising its LTO battery cell's
compliance with China's latest standards, a pre-requisite to providing
battery solutions to power electric vehicles in China.

This certification corresponds to the latest standards issued by the
Standards Administration of China, and covers requirements in terms of
lifetime, safety and performance under the following standards: "GB/T
31484-2015 Cycle Life Requirements and Test Methods for Traction Battery of
Electric Vehicle, GB/T 31485-2015 Technical Requirements and Test Methods
for Traction Battery of Electric Vehicle Safety Requirements, and GB/T
31486-2015 Technical Requirements and Test Methods for Traction Battery of
Electric Vehicle Electrical Performance."

Anil Srivastava, CEO of Leclanché, said: "We are delighted to have received
this important certification and endorsement of Leclanché's superior
battery technology and its suitability to power the growth of the world's
largest new energy vehicle market.

"With the expected doubling of electric vehicle battery capacity in China
by 2020 and lithium batteries as the key technology, the opportunities for
Leclanché are significant.  This is an important milestone for Leclanché
and will support the growth strategy of the company."

Pierre Blanc, CTO of Leclanché, added:  "Leclanché has advanced lithium
cells technology, with more than 100 patents, for both power applications,
LTO, and high energy density cells, G/NMC cells. Coupled with the knowhow
of building and operating Europe's largest and most automated lithium cell
manufacturing facility, Leclanché is the ideal technology licensing and
manufacturing partner to help Chinese companies leapfrog the competition
and dominate the global battery market.  Furthermore, with its complete
battery systems technology, including modules and battery management system
software, Leclanché can offer fully integrated solutions for many
applications, in particular electric buses."

Leclanché is in advanced discussions with several parties in China as the
company continues to progress plans to develop strategic partnerships in
technology licensing, low-cost manufacturing and, in particular, the more
than $100bn Chinese e-transport market.

This certification is a further testament to the efficacy of Leclanché's
superior LTO cell technology.  The certification was performed by China
North Vehicle Quality Supervision Inspection Testing Centre, an independent
test laboratory.

This follows Leclanché's announcement in February of achieving 60% revenue
growth for 2016, in line with guidance, and that the company is on track to
deliver above-market revenue growth in 2017. Growth is supported by the
current pipeline of awarded and expected projects which stands at over 450
MWh. Guidance for breakeven EBITDA profitability above 100MWh production is
envisaged by 2018.

Growth targets are subject to a number of factors, including supply chain
capacity and timely access to capital. The company maintains its focus on
capital efficiency and limiting shareholder dilution in funding growth.

* * * * *

About Leclanché

Leclanché is one of the world's leading fully vertically integrated energy
storage solution providers. It delivers a wide range of 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 trusted provider of
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, and is the only listed
pure-play energy storage company in the world.

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

Investor Contacts
Anil Srivastava / Hubert Angleys
Tel.: +41 (0) 24 424 65 00
E-Mail: invest.leclanche@leclanche.com

Media Contacts
Desirée Maghoo
T: +44 (0) 7775522740
E-Mail:dmaghoo@questorconsulting.com

Simon Barker
T:+44 (0)7866 314331
E-Mail: sbarker@questorconsulting.com

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