LION E-Mobility AG: LION Smart GmbH receives EU Business Award

23.11.2018

Award for innovation, feasibility and sustainability

Munich, November 23, 2018 – LION Smart GmbH, a subsidiary of LION E-Mobility AG (ETR: LMI), has been awarded the EU Business Award 2018.

The EU Business Award is presented annually by the magazine EU Business News. The winners in different categories are selected in a two-stage selection process based on assessments by renowned industry partners from the EU business network and an international, experienced jury. The jury was particularly impressed by the company’s innovative concepts, the high feasibility of the solutions and the sustainable overall concept.

Tobias Mayer, managing director and co-founder of the company, comments: “We are happy and proud of this award. As a company, we work every day with full commitment to overcome technical challenges on the way to an electrified future. Range, rapid charging, service life and costs: There are areas where we already can offer practical working solutions. We are currently working at full speed on long-term agreements with partners, suppliers and customers in order to be able to start series production of our solutions as soon as possible.”

LION Smart GmbH, a subsidiary of LION E-Mobility AG, recently presented the status of its proprietary wireless battery management system at the world’s leading trade fair electronica (Munich). This wireless technology simplifies the development of battery management systems for electric vehicles and at the same time increases their reliability. The numerous discussions held during the trade fair were very positive throughout. The aim now is to pursue possible cooperation and projects in order to communicate and realize them as quickly as possible.

Background information

In the market for electric mobility, up to 15 million new electric vehicles are expected on the roads worldwide by 2030 – not including hybrid vehicles. The drivers for this development are rising costs for operating vehicles based on fossil fuels, stricter regulations and growing market pressure from Asia, as well as a new environmental awareness. However, to date, neither the cost nor the range of battery systems required have often met the high expectations of consumers and automakers. LION is meeting these challenges by constantly improving and further developing its battery system technology.
For further information, please contact our PR agency Weber Shandwick, Philipp Hanke (+49 89 380179 48, phanke@webershandwick.com).

About LION E-Mobility:

LION E-Mobility AG is a listed Swiss holding company founded in 2011 with promising strategic investments in the E-Mobility sector, in particular in electrical energy storage and lithium-ion battery system technologies.
The company owns 100% of the German company LION Smart GmbH, a developer of battery packs and battery management systems. LION Smart GmbH also holds a 30% stake in TÜV SÜD Battery Testing GmbH, a successful joint venture with TÜV SÜD AG.

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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
https://www.lionemobility.com

LION E-Mobility AG
Lindenstrasse 16
6340 Baar
Switzerland