DGAP-Adhoc: Leclanché SA: Leclanché announces a joint development and marketing agreement with Oak Ridge

DGAP-Adhoc: Leclanché SA: Leclanché announces a joint development and 
marketing agreement with Oak Ridge

Leclanché SA  / Key word(s): Agreement

09.04.2014 07:12

Release of an ad hoc announcement pursuant to Art. 53 KR
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Press Release

Leclanché announces a joint development and marketing agreement with Oak
Ridge

Yverdon-les-Bains, Switzerland, April 9, 2014 - Leclanché S.A. (SIX Swiss
Exchange: LECN), specialized in the production of large-format lithium-ion
cells and energy storage solutions, announced today that it has signed a
joint development and marketing agreement with Oak Ridge Energy
Technologies Inc., (Ticker: OKME) ("Oak Ridge") to evaluate the US market
and how the two companies can co-operate together going forward.

An agreement to address the fast growing US energy storage market

On March 5, 2014 the Company announced that it had commenced discussions
with Oak Ridge, Precept's US battery industry portfolio company, regarding
a strategic alliance and technology exchange agreement, in particular
regarding the US application by Oak Ridge of the Company's safety separator
technology and the grid storage units.

Leclanché has now entered into a joint development and marketing agreement
with Oak Ridge to evaluate the US market, define a market entry strategy,
undertake US certification, identify any further alliances that might be
appropriate and determine what elements of Leclanché's products could be
assembled in Oak Ridge's facilities in Melbourne, Florida. The US energy
storage market is developing rapidly. According to a recent study
undertaken by on behalf of the Company by Navigant Research, an independent
specialist research organisation belonging to Navigant Consulting Inc.,
more than 750 Megawatt of battery-based frequency regulation systems are
expected to be built in North America by 2023.

Under the Joint Development Agreement, Oak Ridge will dedicate specific
marketing and technical resources to promote Leclanché's Stationary and
Portable products and services.

Precept holds a majority stake in Oak Ridge and, on a pro forma basis,
50.1% in Leclanche, which will be confirmed once the resolutions adopted at
the company's recent Annual General Meeting are fully implemented.

About Leclanché

Leclanché's strategy is to become one of the leading lithium-ion cell
producers and solution providers for energy storage systems in Europe. Its
strategic priorities are to develop and market energy storage  products for
home, industrial markets and grid applications and to grow its existing
businesses of developing portable energy storage systems for military,
medical and industrial applications. It also includes providing a range of
professional energy storage systems to a diversified customer base. Through
participation in research consortia focusing on hybrid and E-mobility
applications, Leclanché is positioned to take advantage of new market
opportunities.

Through a unique, patented ceramic separator technology and focus on
lithium-titanate technology, Leclanché manufactures large-format
lithium-ion cells, optimized for safety and cycle-life, in a fully
automated production process. The newly installed production line will have
an annual capacity of one million cells or 76 MWh.

Leclanché was founded in 1909 in Yverdon-les-Bains. Through the integration
of a spin-off from the Fraunhofer-Gesellschaft in 2006, the company evolved
from a traditional battery manufacturer to become a leading developer and
manufacturer of lithium-ion cells in Europe. Leclanché currently employs
more than 100 staff and is listed on the SIX Swiss Exchange (LECN). The
company has its headquarters in Yverdon-les-Bains (Switzerland) and
production facilities in Willstätt (Germany).

www.leclanche.eu 

Media contact: 

Christophe Lamps, Dynamics Group S.A.: Telephone: +41 79 476 26 87,
cla@dynamicsgroup.ch

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.


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Language:               English
Company:                Leclanché SA
                        Av. des Sports 42
                        1400 Yverdon-les-Bains
                        Switzerland
Phone:                  +41 (24) 424 65-00
Fax:                    +41 (24) 424 65-20
E-mail:                 investors@leclanche.com
Internet:               www.leclanche.com
ISIN:                   CH0110303119, CH0016271550
Valor:                  A1CUUB, 812950
Listed:                 SIX
 
End of Announcement                             EQS Group News-Service
 
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