LION E-Mobility AG, CH0132594711

LION E-Mobility AG, CH0132594711

18.07.2017 - 08:18:33

LION E-Mobility AG Founds 100% Subsidiary in the U.S.

LION E-Mobility AG Founds 100% Subsidiary in the U.S.

Baar, Switzerland - July, 18th 2017 - LION E-Mobility AG will increase its presence in the North American market with the formation of a wholly owned U.S.-subsidiary, LION E-Mobility North America Inc. The establishment of this subsidiary follows the engagement of Roland Bopp in April of this year as CEO for the Americas and is part of the company's strategy to accelerate its global expansion. Mr. Bopp is assembling an experienced and effective team in North America in order to implement the market entry strategy together with LION's strategic partners in the region.

LION E-Mobility will serve the North American market with a range of innovative engineering services for OEMs, automotive industry and electrical storage equipment suppliers.

LION E-Mobility North America Inc. is headquartered in New York and was incorporated in Delaware in June, 2017.

By participating in major industry conferences, such as the Advanced Automotive Battery Conference in San Francisco, CA and the Movin'On Conference in Montreal, Canada in June of this year, LION E-Mobilty has established numerous important contacts with potential customers and strategic partners. The response to LION E-Mobility's battery technology has been overwhelmingly positive.

LION E-Mobility North America Inc. will participate together with LION Smart GmbH in the Battery Show in Novi / Detroit, Michigan - the premier showcase of the very latest in advanced battery technology - in September, 2017.

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 packs and battery-management-systems. LION Smart GmbH further holds a 30% stake of the TÜV SUED Battery Testing GmbH, a dynamically growing joint venture with the renowned TÜV SUED AG. Members of the Board of Directors are: Mr. Daniel Quinger (President of the Board), Mr. Tobias Mayer, Mr. Hany Magour, Dr. Isolde Semm and Mr. Martin Specht. The Management of LION Smart GmbH consists of Mr. Tobias Mayer and Mr. Walter Wimmer. The Managing Director of the TÜV SUED Battery Testing GmbH is Mr. Christian Theeck. For more information please visit our homepage: www.lionemobility.com

Disclaimer

This presentation contains forward-looking statements that involve a number of risks and uncertainties, including statements that relate to, among other things, the Company's objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates, and can generally be identified by the use of words such as "may", "will", "could", "should", "would", "likely", "expect", "intend", "estimate", "anticipate", "believe", "plan", "objective" and "continue" (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from expectations include but are not limited to: general business and economic conditions (including but not limited to currency rates and creditworthiness of customers); Company liquidity and capital resources, including the availability of additional capital resources to fund its activities; level of competition; changes in laws and regulations; legal and regulatory proceedings; the ability to adapt products and services to the changing market; the ability to attract and retain key executives; and the ability to execute strategic plans. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this presentation, whether as a result of new information, future events or otherwise, except as required by law.

Investor Relations Contact: Mr. Walter Wimmer

Email: ir@lionemobility.de http://www.lionemobility.com

LION E-Mobility AG Lindenstraße 16 6340 Baar Schweiz

18.07.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English

Company: LION E-Mobility AG Lindenstraße 16 6340 Baar

Switzerland Phone: +41 (0)41 500 54 11 Fax: +41 (0)41 500 54 12 E-mail: info@lionemobility.de Internet: www.lionemobility.com ISIN: CH0132594711, CH0132594711 WKN: A1JG3H , A1JG3H Listed: Regulated Unofficial Market in Hamburg, Munich (m:access); Open Market in Frankfurt   End of News DGAP News Service

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