LION E-Mobility AG: LION E-Mobility AG signs Cooperation Agreement with Analog Devices Inc.

07 May 2018

DGAP-News: LION E-Mobility AG / Key word(s): Alliance/Miscellaneous

07.05.2018 / 16:42
The issuer is solely responsible for the content of this announcement.


Baar, Switzerland - May 07, 2018 - As a longtime partner of Linear Technology, LION E-Mobility AG is pleased to announce that a cooperation agreement has been signed with Analog Devices (ADI). The agreement covers the use of ADI's high quality products and support capabilities for current and future development projects as well as shared customer leads by each party.
"We are very honored to become part of Analog Devices' partner program. The close cooperation with Linear Technology means a lot to us. We are pleased to rely on a strong partner after the acquisition by ADI. Many years of experience and support in the early phase complement each other perfectly with the flexibility, deep industry knowledge and innovative power of LION Smart GmbH. We are sure that together with ADI we will continue to drive several innovations", says Tobias Mayer, CTO of LION E-Mobility AG.
 
Already during previous projects, LION Smart proved its excellent cooperation with Linear Technology. Two years ago, LION Smart managed to develop a wireless BMS and implement it in a BMW i3 within five months.
 
LION E-Mobility is looking forward to continuing and expanding its collaboration with Analog Devices / Linear Technology.
 
 
About Analog Devices
Analog Devices is a world leader in the design, manufacture and marketing of high-performance analog technologies. The product portfolio includes a wide range of high-performance analog products from integrated circuits for analog and digital signal processing.
 
 
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, Mr. Martin Specht and Mr. Michael Geppert. 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
 
About LION Smart GmbH:
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.
 
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
Switzerland


07.05.2018 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.

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