DGAP-Adhoc: Leclanché SA enlarges Management Team
Leclanch
Press Release
Leclanch SA enlarges Management Team
Yverdon-les-Bains, Switzerland, 19 February 2013 - Leclanch S.A. (SIX Swiss Exchange: LECN), specialized in the production of large-format lithium-ion cells and energy storage solutions, announced today that Fabrizio Marzolini will join the Management Team of Leclanch SA, with immediate effect. Mr. Marzolini, who started with the company in 1994, is responsible for the development of portable and stationary storage systems, with teams reporting to him both in Yverdon and Willsttt.
The company also announces that Talisman Infrastructure Ventures LLP, who has recently been appointed to support the companys development and strategic objectives during the current turnaround process, will assist and report directly to the Board of Directors, while working closely and in agreement with the Management Team.
Talisman was appointed on February 7, 2013 by the Board of directors as advisors for a turnaround plan, which aims at reducing costs by streamlining the organisation, strengthening key management functions, particularly in sales and production and applying a stronger focus on go to market processes for Leclanchs Lithium-ion storage systems, while establishing key alliances to accelerate the market capture for Leclanchs products. In addition, the plan calls for maximizing the contribution from existing businesses.
About Leclanch
Leclanchs strategy is to expand its position as one of the leading lithium-ion cell producers and solution providers for renewable energy storage systems in Europe. Its strategic priorities are stationary home electrical energy storage applications and expansion into the stationary industrial and grid electricity storage markets. Through participation in research consortia focusing on hybrid and E-mobility applications, Leclanch is positioned to take advantage of new market opportunities.
Through a unique, patented ceramic separator technology and focus on lithium-titanate technology, Leclanch 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 1 million cells or 76 MWh.
Leclanch 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. Leclanch currently employs 120 staff and is listed on the SIX Swiss Exchange (LECN). The company has its headquarters in Yverdon-les-Bains (Switzerland) and production facilities in Willsttt (Germany).
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DGAP-Adhoc: Leclanché SA enlarges Management Team