CM-Equity AG is pleased to inform you about LION E-Mobility AG's latest press release.
Garching, Germany - November 30th, 2015 - The Swiss Holding LION E-Mobility AG (WKN: A1JG3H, Ticker: LMI) announces that its German subsidiary Smart GmbH will move into new premises by January 2016. Continued growth in headcount along with rising orders make this step necessary. The new head quarter is located in Garching near Munich which provides very good transport links. It is completely renovated and provides 600 square meters of office, laboratory and project space. While research, development and construction of battery systems will take place in the office and project spaces, the soft- and hardware development of electronic components, such as battery management systems, will be carried out at the newly equipped electronics laboratory. Furthermore the shop floor underwent a major upgrade and was equipped for the assembly of high-voltage energy storage systems and their commissioning in mobile and stationary applications. The new work shop will also facilitate the integration of complete high-voltage systems in electric vehicles. Those new capacities create ideal conditions for the continuation of LION Smarts dynamic growth.
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. Dipl.-Ing. Daniel Quinger (President of the Board), Dr. Isolde Semm, Dipl.-Ing. Tobias Mayer, Mr. Hany Magour and Dipl.-Ing. (FH) Martin Specht. The Management of LION Smart GmbH consists of Dipl.-Ing. Tobias Mayer and Mr. Walter Wimmer. The Managing Director of the TÜV SUED Battery Testing GmbH is Dipl.-Wi.-Ing. (FH) Christian Theeck. For more information please visit our homepage: www.lionemobility.com
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
Telephone: +49 (0)89 74567993
LION E-Mobility AG