Leclanché and Pinnacle International Capital Provide Update on Strategic Partnership Discussions and Due Diligence Process
Source: EQS
Leclanché SA
/ Key word(s): Statement
Leclanché and Pinnacle International Capital Provide Update on Strategic Partnership Discussions and Due Diligence Process
YVERDON-LES-BAINS,
Strategic Vision
Alignment of different stakeholders Mr.
Looking Ahead Leclanché and Pinnacle are aligned in their ambition to drive substantial growth and technological innovation in the energy storage industry. The proposed partnership aims to expand Leclanché’s manufacturing footprint with the establishment of two 2 GWh facilities in These new facilities will not only boost production capacity but also enhance Leclanché’s ability to meet growing global demand for high-performance energy storage solutions. Under the terms of the agreement, Pinnacle and Leclanché will establish a joint venture company funded by Pinnacle for an amount of up to Leclanché will take a 50% stake in the joint venture company through a contribution in kind, through which Pinnacle will gain approximately 40% shareholding of Leclanché. Pinnacle will be granted a further option to acquire up to 30% additional stake in Leclanché through an agreement with SEF Lux in the amount of up to Once implemented, this strategic partnership will fully fund Leclanché business plan and the expansion of its operations. With growing demand for Leclanché storage solutions, this partnership will provide a solid basis for the business to accelerate its growth, representing a significant injection of capital that is expected to solidify Leclanché’s financial foundation, while driving competitive advantages in large-scale energy storage projects across key markets. Both Pinnacle and Leclanché remain committed to providing timely updates as discussions continue, with a shared focus on creating long-term value for all shareholders, customers, and partners. This partnership marks a significant step forward in the company’s contribution to the energy transition and would allow to unlock the value of the company’s technology for shareholders, customers, and partners alike. Note: This statement provides an update on the ongoing discussions between Leclanché and
For more information, write to info@leclanche.com or visit www.leclanche.com.
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About Leclanché Leclanché is a world leading provider of low-carbon footprint energy storage solutions based on lithium-ion cell technology. Established in 1909 in Yverdon-les-Bains,
Disclaimer This press release contains certain forward-looking statements relating to Leclanché's business, which can be identified by terminology such as "strategic", "proposes", "to introduce", "will", "planned", "expected", "commitment", "expects", "set", "preparing", "plans", "estimates", "aims", "would", "potential", "awaiting", "estimated", "proposal", or similar expressions, or by expressed or implied discussions regarding the ramp up of Leclanché's production capacity, potential applications for existing products, or regarding potential future revenues from any such products, or potential future sales or earnings of Leclanché or any of its business units. You should not place undue reliance on these statements. Such forward-looking statements reflect the current views of Leclanché regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. There can be no guarantee that Leclanché's products will achieve any particular revenue levels. Nor can there be any guarantee that Leclanché, or any of the business units, will achieve any particular financial results. Media contacts:
End of Media Release |
Language: | English |
Company: | Leclanché SA |
Av. des Sports 42 | |
1400 Yverdon-les-Bains | |
Phone: | +41 (24) 424 65-00 |
Fax: | +41 (24) 424 65-20 |
E-mail: | investors@leclanche.com |
Internet: | www.leclanche.com |
ISIN: | CH0110303119, CH0016271550 |
Valor: | A1CUUB, 812950 |
Listed: | |
EQS News ID: | 1994671 |
End of News |
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1994671 25.09.2024 CET/CEST