EQS-Adhoc

Leclanché announces strong growth in 2020 and new funding facilities to support its 2021 positive trajectory - Seite 2

- In addition, SEFAM has undertaken to convert CHF 33.8 million of the loans it has granted to Leclanché in order to address the over-indebtedness in Company's balance sheet. This conversion is expected to take place by March 31^st, 2021.

"We are proud to accompany the Company in its growth journey. We are excited about the Company's strong offering in the energy transition markets helping the goal of reducing greenhouse gas emissions. We are encouraged by the recent commercial contracts signed with renowned companies worldwide. We believe that, thanks to the financing we have put in place with SEFAM, 2021 will be a pivotal year for Leclanché." said Marc Lefebvre on behalf of the Board of Directors of SEFAM.

Anil Srivastava, CEO of Leclanché stated: "We are thankful to SEFAM for their continuous support to Leclanché's growth plan. The Company has compelling and competitive products and solutions for the booming electric vehicle and energy storage markets. The large and patient investment made by the current shareholders is now leading to very strong interest from customers. The Company is receiving strong investor interest as well.

In e-Transport Solutions Business Unit, thanks to the industry leading Leclanché technologies covering full value chain of Lithium Cells, Battery Modules, Battery Management Systems, and Certified Battery Packs- the Company now has reference Customers in all its target Fleet Electric Vehicle market sectors. This strong customer endorsement of our technologies has propelled us into partnership discussions with some of the recently announced large-scale Automotive ventures in Europe."

Company's market guidance: robust growth in orders, delivery, and margin

Despite the continuing effects of the coronavirus pandemic, which have been delaying some projects, Leclanché is expecting a positive outcome for 2021.

In the Stationary Storage Business, continuing delivery of the St. Kitts and Nevis project and additional new stationary projects in fast EV charging applications will deliver turnover growth and positive margin.

In the e-Marine sector, Leclanché-powered vessels are being put into operation with more scheduled in the coming months. The first of the nine hybrid ferries is already commissioned by Grimaldi, and the autonomous 100% all-electric commercial container vessel, Yara Birkeland, has been accepted by Yara in Norway. Additional information on operation of these marine vessels shall follow soon.