DGAP-News

LION E-Mobility AG: Highly modern battery factory at LION Smart's cooperation partner Kreisel Electric

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