EQS-Adhoc

Leclanché SA: Leclanché signs preferred partnership agreement with Skoda Electric to supply 'next generation' electric vehicle solutions

EQS Group-Ad-hoc: Leclanché SA / Key word(s): Contract/Development of Sales Leclanché SA: Leclanché signs preferred partnership agreement with Skoda Electric to supply 'next generation' electric vehicle solutions 26-Jun-2017 / 19:15 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 KR Leclanché signs preferred partnership agreement with Skoda Electric to supply "next generation" electric vehicle solutions

Leclanché continues to gain traction in the high growth electric transport sector

YVERDON LES BAINS, Switzerland, 26 June 2017: Leclanché SA (SIX: LECN), a leading energy storage company, and Skoda Electric, a leader in the manufacture of electric drives and traction motors for trolley and electric buses, have signed a Joint Development Agreement and Framework Purchase Contract in which Leclanché will provide Skoda Electric with battery solutions for its electric bus expansion strategy. The Agreement is worldwide in scope and will operate for an initial term of five years.

Leclanché will provide Skoda Electric with high energy (larger G/ NMC batteries for overnight charging) and ultra-fast power battery solutions (smaller LTO battery packs for more regular charging, such as at bus stations during the day) for its e-buses. Its solutions will be modular, thereby enabling Skoda Electric to build e-buses from 6 meters to 26 meters across all market segments.

The first targeted delivery of the partnership will be the release of a battery system by the end of this year, scalable between 50 - 350kWh and certified for the European market according to ECE-R100.r2.

Anil Srivastava, CEO of Leclanché, said: "In 2015 Leclanché unveiled its first all-electric bus in Belgium. Now the European e-bus industry is at a watershed moment as proven battery technology and tighter environmental legislation make electric buses economically competitive with diesel. We are delighted to announce our partnership with Skoda Electric and to take a leading role in the development of Europe's e-bus market. The industry is set to see considerable growth in the next few years and we look forward to the economic contribution that the agreement with Skoda Electric will make to Leclanché's transport business."