DGAP-Adhoc: Leclanché raises additional gross proceeds of CHF 3.9 million
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Leclanch
Press Release
Leclanch raises additional gross proceeds of CHF 3.9 million
Yverdon-les-Bains, August 7, 2012 - Leclanch S.A. (SIX Swiss Exchange : LECN), specialized in the production of large-format lithium-ion cells and energy storage solutions, announced today theexercise of 492,114 warrants (SIX Swiss Exchange : LECNW) at the end of the warrant exercise period, which closed on August 6, 2012. As a result of the exercise of these warrants, 246,057 new registered shares were issued, leading to gross proceeds of CHF 3.9 million.
We would like to warmly thank our shareholders for their continuing support and confidence. These additional funds will allow us to increase our operational flexibility as we are bringing to the market high performance energy storage solutions, said Dr. Ulrich Ehmes, CEO of Leclanch S.A. With the recent installation of our new production unit in Willsttt, one of the few of its kind in Europe, we are able to address the increasing need for efficient storage solutions both for domestic and industrial clients.
About Leclanch
Leclanch specializes in the production of tailor-made energy storage solutions. 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 initial 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 off-road and automotive 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. At the end of the second quarter 2012, Leclanch started operations of its first production line with an installed annual capacity of up to 76 MWh in lithium-titanate cells.
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 raises additional gross proceeds of CHF 3.9 million
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