LION E-Mobility AG: Preliminary Yearly Figures 2017 of LION Smart GmbH

Baar, Switzerland - February, 28th 2018 - In the fiscal year 2017, LION Smart GmbH's sales revenues changed from 1,974 TEUR in the previous year to 1,234 TEUR. The fiscal year concluded with an operating result of -805 TEUR (previous year: 356 TEUR). Net income changed from 218 TEUR in the previous year to -921 TEUR.
 
Major investments in the new flagship product LIGHT Battery, whose completion will result in a quantum leap for battery technology and the e-mobility sector were among the main reasons for these significant changes.
 
The management has recognized the scope of this opportunity and the importance of entering the market as soon as possible. And as a result of this, both workforce and state-of-the-art development technologies were scaled up massively. BMS requests planned but not ordered by a major customer in 2017 (that customer's remaining battery components did not meet the necessary certification requirements at this point) represented an opportunity to quickly allocate required resources for this project. Capital measures implemented by the parent company LION E-Mobility AG in 2017 do secure the company's liquidity for the coming years.
 
More information about LION Smarts LIGHT Battery here:
http://www.lionsmart.com/en/light-battery-concept/
 

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. LION als holds stakes in Inboard Technologies Inc., Park Here GmbH and eliso GmbH. 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
 
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.de
 
LION E-Mobility AG
Lindenstrasse 16
6340 Baar
Switzerland