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Ad hoc: LION E-Mobility AG: LION Smart GmbH receives public grant in electric aviation research project

Freitag, 13.01.2017 15:50

DGAP-Ad-hoc: LION E-Mobility AG / Key word(s): Alliance/Miscellaneous
 LION E-Mobility AG: LION Smart GmbH receives public grant in electric
 aviation research project
 13-Jan-2017 / 15:46 CET/CEST
 Disclosure of an inside information acc. to Article 17 MAR, transmitted by
 DGAP - a service of EQS Group AG.
 The issuer is solely responsible for the content of this announcement.
Garching, Germany - January, 13th 2017 - LION Smart GmbH, a subsidiary of LION E-Mobility AG has received approval for a 300.150 Euro grant by the Bavarian government. The amount equals 65% of its overall project volume of 471.700 Euro and will be paid over the years 2017-2019. The project, led by Airbus an involving renowned companies aims at improving battery safety in aircraft, LION Smart's share being to provide the research consortium with an adequate BMS design and a BMS demonstrator for safe energy storage for aviation.
Information and Explanation of the Issuer to this News: 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: 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 Investor Relations Contact: Mr. Walter Wimmer Email: LION E-Mobility AG Poststrasse 14 6300 Zug Switzerland
13-Jan-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at
Language: English Company: LION E-Mobility AG Poststraße 6 6300 Zug Switzerland Phone: +41 (0)41 500 54 11 Fax: +41 (0)41 500 54 12 E-mail: Internet: ISIN: CH0132594711, CH0132594711 WKN: A1JG3H , A1JG3H Listed: Regulated Unofficial Market in Hamburg, Munich (m:access); Open Market in Frankfurt End of Announcement DGAP News Service
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