DGAP-News: LION E-Mobility AG / Key word(s): Alliance/Strategic Company
Decision
LION E-Mobility AG: Highly modern battery factory at LION Smart's
cooperation partner Kreisel Electric
09.05.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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Garching, Germany - May, 9th 2016 - LION Smart's close cooperation partner
Kreisel Electric expands its production capacities by building a new
state-of-the-art battery factory at the Austrian city of Rainbach. The new
factory "3K one" will be equipped with a fully automatized production line
which will allow for a very economic and fast production of battery packs
with a capacity of 800.000 kilowatt hours per year.
The innovative Kreisel/LION Smart battery technology achieves a
significantly higher power- and capacity-density than its rival products.
LION Smarts battery management system in combination with Kreisel's fast
charging technology will result in strongly reduced charging times. The
battery management system monitors the charging process and gives
recommendations concerning the available loading capacity and state of
charge of the battery. This technology leap will lead to even more
efficient and at the same time more cost efficient production of battery
packs.
We are particularly pleased about the tremendous expansion of production,
which will have a proportional impact on LION Smart's turnover of its
battery management systems. This is a further step towards the forecasted
doubling of turnover in the current fiscal year.
About LION Smart:
LION Smart GmbH is an innovative development service provider for original
equipment manufacturers (OEMs) and suppliers of the automobile industry and
other industry sectors like aviation and maritime. As a partner in system
analysis, selection and design of electric energy storage systems like
lithium batteries and integration into the specific vehicle concept LION
Smarts engineers have a very high level of expertise. LION Smart carries
out its own research program in the field of lithium-ion technology and has
filed two patents in the past twelve months.
About LION E-Mobility AG
LION E-Mobility AG (WKN: A1JG3H, Ticker: LMI, Reuters: LMIG.MU) is a Swiss
Holding with strategic investments in the e-mobility sector, particularly
in the field of electric energy storage as well as battery pack development
and management. The Company holds 100% of the German LION Smart GmbH, a
development and engineering company specialized on custom designed battery
packs and battery-management-systems. LION Smart GmbH further holds a 30%
stake of the TÜV SUED Battery Testing GmbH, a dynamically growing joint
venture with the renowned TÜV SUED AG. Members of the Board of Directors
are: Mr. Daniel Quinger (President of the Board), Mr. Tobias Mayer, Mr.
Hany Magour, Dr. Isolde Semm and Mr. Martin Specht. The Management of LION
Smart GmbH consists of Mr. Tobias Mayer and Mr. Walter Wimmer. The Managing
Director of the TÜV SUED Battery Testing GmbH is Mr. Christian Theeck. For
more information please visit our homepage: www.lionemobility.com
Disclaimer
This presentation contains forward-looking statements that involve a number
of risks and uncertainties, including statements that relate to, among
other things, the Company's objectives, goals, strategies, intentions,
plans, beliefs, expectations and estimates, and can generally be identified
by the use of words such as "may", "will", "could", "should", "would",
"likely", "expect", "intend", "estimate", "anticipate", "believe", "plan",
"objective" and "continue" (or the negative thereof) and words and
expressions of similar import. Although the Company believes that the
expectations reflected in such forward-looking statements are reasonable,
such statements involve risks and uncertainties, and undue reliance should
not be placed on such statements. Certain material factors or assumptions
are applied in making forward-looking statements, and actual results may
differ materially from those expressed or implied in such statements.
Important factors that could cause actual results to differ materially from
expectations include but are not limited to: general business and economic
conditions (including but not limited to currency rates and
creditworthiness of customers); Company liquidity and capital resources,
including the availability of additional capital resources to fund its
activities; level of competition; changes in laws and regulations; legal
and regulatory proceedings; the ability to adapt products and services to
the changing market; the ability to attract and retain key executives; and
the ability to execute strategic plans. The Company does not undertake any
obligation to update publicly or to revise any of the forward-looking
statements contained in this presentation, whether as a result of new
information, future events or otherwise, except as required by law.
Investor Relations Contact:
Mr. Walter Wimmer
Email: ir@lionemobility.de
http://www.lionemobility.de
LION E-Mobility AG
Poststrasse 6
6300 Zug
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09.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: LION E-Mobility AG
Poststraße 6
6300 Zug
Switzerland
Phone: +41 (0)41 500 54 11
Fax: +41 (0)41 500 54 12
E-mail: info@lionemobility.de
Internet: www.lionemobility.com
ISIN: CH0132594711, CH0132594711
WKN: A1JG3H , A1JG3H
Listed: Regulated Unofficial Market in Hamburg, Munich; Open
Market in Frankfurt
End of News DGAP News Service
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461381 09.05.2016
DGAP-News: LION E-Mobility AG: Highly modern battery factory at LION Smart's cooperation partner Kreisel Electric
| Quelle: EQS Group AG