LION E-Mobility AG: Linear Technology and LION Smart Demonstrate First Wireless Battery Management System in BMW i3 at Electronica Show
08 Nov 2016
DGAP-News: LION E-Mobility AG / Key word(s): Alliance/Miscellaneous 2016-11-08 / 09:45 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Zug, CH - November 8, 2016. Linear Technology together with design partner LION Smart, a subsidiary of LION E-Mobility AG, are demonstrating the industry's first wireless automotive battery management system (BMS) concept car at the Electronica Show this week in Munich, Germany (Booth 524, Hall A4). This wireless BMS concept car, developed by LION Smart GmbH, combines Linear's highly accurate battery stack monitors with its SmartMesh wireless mesh networking products and LION Smart's state-of-the-art Open Source BMS in a BMW i3. This demonstration of a fully wireless BMS car represents a significant breakthrough that offers the potential for improved reliability, lower cost and weight, and reduced wiring complexity for large multicell battery stacks in electric and hybrid/electric vehicles. In addition wireless connectivity enables more flexible placement of battery modules. Wireless connectivity also enables more flexible placement of battery modules, and makes possible the installation of sensors in locations previously unsuitable for a wiring harness. Erik Soule, Vice President, Signal Conditioning Products for Linear Technology, stated, "New designs of electric and hybrid/electric vehicles are increasing rapidly and all of the major automotive manufacturers are searching for ways to improve the performance and reliability of their battery management systems as they move into higher volume production. The wireless BMS concept car, realized through the expertise of LION Smart's BMS design, showcases our product vision." Mr. Daniel Quinger, CEO of LION E-Mobility, stated, "One of our goals in this ambitious project is to demonstrate the improvement in range and charging time that can be achieved by using the latest technologies in partnership with leading global players. Combining Kreisel Electric's laser welded 18650 modules with direct liquid cooling and Linear Technology's SmartMesh IP wireless mesh and the LTC6811 battery monitoring IC, together with LION Smart's Open BMS, enabled a unique battery system with record braking charge time of just 15 minutes, an energy capacity of over 55kWh, with a range of over 400km. This represents a truly remarkable accomplishment." The wireless BMS concept car, featuring the BMW i3, shows the promise of wireless technology to significantly improve reliability and simplify the design of automotive battery management systems. LION Smart is looking forward to a bright future by continuing its outstanding partnership with Linear Technology. About Linear Technology Linear Technology Corporation, a member of the S&P 500, has been designing, manufacturing and marketing a broad line of high performance analog integrated circuits for major companies worldwide for over three decades. The Company's products provide an essential bridge between our analog world and the digital electronics in communications, networking, industrial, automotive, computer, medical, instrumentation, consumer, and military and aerospace systems. Linear Technology produces power management, data conversion, signal conditioning, RF and interface ICs, µModule(R) subsystems, and wireless sensor network products. For more information, visit www.linear.com About LION Smart: LION Smart GmbH is an innovative development service provider for original equipment manufacturers (OEMs) and suppliers of the automobile industry and other industry sectors like aviation and maritime. As a partner in system analysis, selection and design of electric energy storage systems like lithium batteries and integration into the specific vehicle concept LION Smarts engineers have a very high level of expertise. LION Smart carries out its own research program in the field of lithium-ion technology and has filed two patents in the past twelve months. 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 Telefone: +49 (0)89 74567993 Email: ir@lionemobility.de http://www.lionemobility.de LION E-Mobility AG Poststrasse 14 6300 Zug Switzerland --------------------------------------------------------------------------- 2016-11-08 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 Poststraße 6 6300 Zug 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