LION E-Mobility

Regulatory Filings • Jul 10, 2018

News Details

Corporate | 10 July 2018 10:08

LION E-Mobility AG: Update on strategic initiatives

DGAP-News: LION E-Mobility AG / Key word(s): Statement/Strategic Company Decision

10.07.2018 / 10:08

The issuer is solely responsible for the content of this announcement.

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The existing leadership team and Mr. Quinger have together created a highly innovative company in the field of electric mobility and electric energy storage systems and their testing. The considerable knowledge and expertise gained from the company’s successful implementation of numerous battery innovations, development and marketing of its own battery management system, and establishment and continued operation of an extremely successful battery test service provider are the foundation for LION’s development of its revolutionary LIGHT Battery.

The company’s near-term strategy is to develop the LIGHT Battery into a series product, to diversify the existing battery management system into a variety of e-mobility product lines and to expand its activities in the battery testing area.

Thanks to long-standing close partnerships, LION E-Mobility AG can draw on broad expertise from various industrial sectors. In this early prototype phase, the LIGHT Battery is supported by a broad range of international companies, including Analog Devices, 3M, Henkel AG, Kostal Kontakt Systeme and Amada Miyachi Europe. With local experts Roding Automobile and MEKU, partners from manufacturing, lightweight construction, and sports car design were consulted.

Managing the ongoing cooperation with strategic partners to ensure a successful market introduction and rapid market penetration will require an internationally experienced management team.

Mr. Roland Bopp, former Chairman, President & CEO of Deutsche Telekom Inc. New York, formerly responsible for the Mannesmann Group North America, will join the management of the company. His extensive global business experience, his international network of potential customers and in particular his cooperation with industrial partners will contribute to the successful rollout of the newly developed LIGHT Battery. Mr. Bopp commented: “I am very much looking forward to the challenge and the cooperation with the very experienced LION Smart Team, as I estimate the opportunities in the product and licensing business to be very strong in terms of sales.”  The management team will be supplemented soon by a very experienced CFO.

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. Tobias Mayer (President of the Board), Mr. Michael Geppert, Mr. Roland Bopp, Mr. Martin Specht and Mr. Alessio Basteri. 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.com

LION E-Mobility AG

Lindenstrasse 16

6340 Baar

Switzerland

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10.07.2018 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.

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Language:	English
Company:	LION E-Mobility AG
	Lindenstraße 16
	6340 Baar
	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 Frankfurt, Hamburg, Munich (m:access)

End of News	DGAP News Service