Leclanché S.A.

Earnings Release • Jan 15, 2013

News Details

Ad-hoc | 15 January 2013 07:09

Leclanché SA announces increase of 20.1% of its 2012 revenues

Leclanché SA / Key word(s): Final Results

15.01.2013 07:09

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

Press Release

Leclanché SA announces increase of 20.1% of its 2012 revenues

• Total consolidated revenues of CHF 16.1 million

• Business of large format cells and systems increase by 177% to CHF 3.5
  million

• Kepler Corporate Finance appointed as financial advisor

Yverdon-les-Bains, Switzerland, 15 January 2013 - Leclanché S.A. (SIX Swiss
Exchange: LECN), specialized in the production of large-format lithium-ion
cells and energy storage solutions, announced today that its total
consolidated revenues reached CHF 16.1 million in 2012, an increase of
20.1% compared to CHF 13.4 million in 2011. Revenues of Leclanché's
large-format lithium-ion cells and storage systems, including grants,
reached CHF 3.5 million, an increase of 177% compared with CHF 1.3 million
in 2011. Leclanché's portable business reached CHF 8.8 million, an increase
of 10.9%. As anticipated, the distribution business declined by 10.2% to
CHF 3.8 million.

These results indicate progress in the implementation of Leclanché's
strategy for lithium-ion-based storage systems for home and industrial
applications.

Leclanché continues to investigate financial and strategic alternatives to
cover its medium term funding needs following the maturation of its bridge
loan at the end of March 2013. In this respect, the company has appointed
Kepler Corporate Finance as financial advisor. Kepler will advise Leclanché
on all options to fund the company for the future business development. At
this stage no definitive solution has been secured for the future funding
of the company.

About Leclanché

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 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,
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 1 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
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 Willstätt (Germany).

www.leclanche.eu

Media contact:

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

15.01.2013 News transmitted by EquityStory AG.
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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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