Leclanché S.A.

Board/Management Information • Mar 23, 2012

News Details

Ad-hoc | 23 March 2012 07:00

Leclanché SA nominates Christoph Cleve for election to its Board of Directors

Leclanché SA / Key word(s): Change of Personnel

23.03.2012 07:00

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

Leclanché

Press Release

Leclanché SA nominates Christoph Cleve for election to its Board of
Directors

Yverdon-les-Bains, March 23, 2012 - Leclanché S.A. (SIX Swiss Exchange:
LECN), a Swiss company specialized in the production of large-format
lithium-ion cells, announced today the nomination of Christoph Cleve, for
election to its Board of Directors at its Annual General Meeting on April
16, 2012. In addition, the company communicated that Dr Jürgen Diegruber
has decided not to stand for re-election.

Rolf Eckrodt, Chairman of the Board of Directors, commented: 'Through his
successful career in leading investment banks, Christoph Cleve has gained
in-depth business development, management and financial experience. I am
very pleased that Christoph Cleve has agreed to stand for election to our
Board, allowing him to share his extensive know-how with the company.'

Mr Eckrodt added: 'We would like to thank Dr Jürgen Diegruber for his
valuable support during the expansion phase of the company. We wish him
great success in his other projects, which need his full presence, and in
all future endeavors.'

Biography of Christoph Cleve

Christoph Cleve, German citizen, was born in 1956. Mr. Cleve began his
professional career with Deutsche Bank AG in 1983, where he worked 17 years
in different management positions including head syndicated loans and
global head leveraged finance. From 2000 until 2004 he was managing
director and head leveraged finance Europe at JP Morgan Chase and member of
the German management of JP Morgan Chase. In October 2004, Mr. Cleve joined
Barclays Capital where he held several management positions including
co-head investment banking Europe. Since 2009 Mr. Cleve is self-employed
and makes investments in small and medium sized enterprises in which he
also takes a seat in the board of directors and advises companies in
financing and capital markets matters. Mr. Cleve holds a law degree from
the University of Strasbourg.

About Leclanché

Leclanché specializes in the production of tailor-made energy storage
solutions. Leclanché's 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 priority is
stationary home electric 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, Leclanché is positioned to take advantage of new market
opportunities.

Through a licensed 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. Leclanché currently operates a fully automated pilot
production line with an installed annual production capacity of up to 4 MWh
in large-format lithium-ion cells. By the end of the second quarter of
2012, Leclanché expects to commence commercial production at its first mass
production line with an installed annual capacity of up to 76 MWh in
lithium-titanate cells.

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
120 staff and recorded revenues of CHF 13.4 million in 2011. The company
has its headquarters in Yverdon-les-Bains (Switzerland) and production
facilities in Willstätt (Germany). Leclanché is listed on the SIX Swiss
Exchange (LECN).

Contact for Swiss media:
Christophe Lamps, Dynamics Group S.A.: Telephone: +41 22 308 62 22,
cla@dynamicsgroup.ch

Contact for International media:
Markus Wieser, CNC AG: Telephone: +49 89 599 458 114,
markus.wieser@cnc-communications.com

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
Swiss Security Number: A1CUUB, 812950
Listed: SIX

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