Leclanché SA: Leclanché to develop battery storage solution for Fastned's network of fast charging stations Dienstag, 19. September 2017 - 08:38

Leclanché SA / Key word(s): Miscellaneous
Leclanché SA: Leclanché to develop battery storage solution for Fastned's
network of fast charging stations

19-Sep-2017 / 07:38 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR

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Leclanché to develop battery storage solution for Fastned's network of fast
charging stations

YVERDON LES BAINS, Switzerland, 19th September 2017: Leclanché SA (SIX:
LECN), one of the world's leading energy storage solution companies,
announced today a partnership with Fastned, the Dutch company pioneering the
roll-out of fast charging stations for electric vehicles (EVs) in Europe.
Leclanché will develop a battery storage solution for Fastned's fast
charging electric vehicle stations, starting with a pilot at two locations.

Fastned has built and is operating 63 fast charging EV stations in the
Netherlands. The company's strategy is use its Dutch network as a blueprint
to roll-out fast charging stations across Europe and it is expanding
quickly: in April, Fastned signed an agreement with Transport for London to
become a partner for the development of the city's 300 fast charging points
by 2020, and in September the company was awarded a subsidy of EUR4.1
million by the German government to build 25 fast charging stations.

Anil Srivastava, CEO of Leclanché, said: "Fastned is one of the most
advanced fast charging organisations in the world and we are delighted to
become the company's energy storage partner. Our flexible and scalable
battery solutions enable us to support businesses in a wide range of
situations, from our work with Fastned to vast grid-scale projects such as
in Canada, where we are building North America's largest fast charging
network, to electric buses and ferries, through to creating battery swap
solutions for small vehicles in countries where grids may be less reliable."

Michiel Langezaal, Founder and CEO, Fastned, said: "Leclanché has been
leading innovation in energy storage for many years and is the ideal partner
for us to develop a battery storage service for our rapidly growing network
in Europe. The pilot project will showcase the technology and provide the
data to support financing the roll out of Leclanché's batteries throughout
our network."

Leclanché will provide scalable battery energy storage systems (BESS) for
Fastned, using large-format lithium-ion batteries. This storage system will
allow Fastned to deploy multiple high powered chargers per site while
reducing the strain on the grid. The battery acts as a buffer between the
electricity grid and the vehicles charging. It will also allow Fastned to
store the solar energy from its solar roofs on-site. Leclanché's system will
recharge the battery storage units during off-peak times at considerable
cost-savings and reduction in stress to the grid. Leclanche and Fastned will
make fast charging smart while improving the customer experience.

Fastned's highway charging stations have up to eight fast chargers,
delivering a full charge within 20 minutes. Its city stations have up to
four fast chargers. Payment is via an app.

In July, Leclanché announced its partnership with eCAMION and SGEM to build
and operate a network of 34 fast charging EV stations along the Trans-Canada
Highway, with installation of the stations from the second quarter of 2018,
after trials.

This followed the company's June announcement of a worldwide deal with Skoda
Electric in which Leclanché will provide Skoda Electric with batteries for
its electric bus expansion strategy. Leclanché is also in advanced
negotiations with an automotive systems integrator for a large volume
battery solutions contract in India for which test units are being shipped
shortly.

The EV industry is on the cusp of transformational growth as the power
supply to vehicles switches from fossil fuels to environmentally friendly
electricity; this shift is driving the long-term requirement for fast
charging battery storage solutions.

According to the International Energy Agency, the number of electric
vehicles grew by 60 per cent to two million in 2016. While this only
represents 0.2 per cent of cars and other light vehicles, governments are
playing a major role in growing the market: in June, the 10 government group
Electric Vehicle Initiative, including the USA, China, Japan, UK, Germany
and France, set the target of having 30 per cent of vehicles battery powered
by 2013. This equates to over 200 million cars. In addition, the UK and
France have banned diesel and petrol cars by 2040; China is also considering
a ban; and in India, the power regulator has recently announced a policy
encouraging vehicle battery swapping models, which would enable EVs to
exchange their nearly discharged battery for a full charged one.

* * * * *

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

About Fastned

Fastned is building a European network of fast-charging stations where all
electric cars can charge within 20 minutes. The stations are located at high
traffic locations along highways and in cities. Fastned has 63 stations
operational in The Netherlands and is working on expanding its fast charging
network to the rest of Europe. Already, the company has construction plans
for charging stations in Germany, the United Kingdom and Belgium.
The number of EVs in Europe is increasing rapidly as car manufacturers
invest billions of Euros in new models.

Fastned is listed on the Nxchange stock exchange.

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
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.
* * * * *

Europe/global:
Desirée Maghoo
T: +44 (0) 7775522740
E-mail: dmaghoo@questorconsulting.com

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

US and Canada:
Rick Anderson
T: +1 (718) 986-1596

Henry Feintuch
T: +1 (212) 808-4901
E-mail: leclanche@feintuchpr.com

Shareholder, Analyst and Investor contacts:
E-mail: investors@leclanche.com

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


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