EQS-Adhoc

Leclanché SA: Leclanché, eCAMION and SGEM to Build and Operate Network of 34 Electric Vehicle Fast-Charging Stations Along Trans-Canada Highway

EQS Group-Ad-hoc: Leclanché SA / Key word(s): Market launch/Incoming Orders Leclanché SA: Leclanché, eCAMION and SGEM to Build and Operate Network of 34 Electric Vehicle Fast-Charging Stations Along Trans-Canada Highway 20-Jul-2017 / 07:11 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 KR Leclanché, eCAMION and SGEM to Build and Operate Network of 34 Electric Vehicle Fast-Charging Stations Along Trans-Canada Highway

Natural Resources Canada to Provide Significant Funding for Initiative to Boost Electric Vehicle Adoption Under Canadian Energy Innovation Program


TORONTO, DALLAS and YVERDON LES BAINS, Switzerland, July 20, 2017 - Canada's electric vehicle industry is about to receive a major boost with the announcement of an agreement between eCAMION, based in Toronto, Dallas-based Leclanché North America, part of Switzerland's Leclanché SA (SIX: LECN) and SGEM based in Geneva, to develop and install a network of 34 fast-charging stations along the Trans-Canada Highway (TCH).

The project, designed to encourage the adoption of electric vehicles (EVs) in Canada, entails an investment of CAD $17.3 million (USD $13.6 million) and is being partially funded by a CAD $8.0 million (USD $6.2 million) repayable contribution from Natural Resources Canada (NRCan) under the Canadian Energy Innovation Program.

This public private initiative will be supported by an investment from eCAMION, Leclanché and SGEM.

Canada recognizes the key role electric vehicles will play in reducing emissions from the transportation sector," said Jim Carr, Canada's Minister of Natural Resources. "With more electric vehicles becoming available, we want to make them an easy choice for Canadians. This strategic investment brings us closer to having a national coast-to-coast network of electric vehicle charging stations while growing our economy and creating good jobs for Canada's middle-class."