June 2020 - Page 100 of 108

Mazda Reports May Sales Results

IRVINE, Calif., June 2, 2020 /PRNewswire-HISPANIC PR WIRE/ — Mazda North American Operations (MNAO) today reported total May sales of 24,933 vehicles, a decrease of 1.0 percent compared to May 2019. Year-to-date sales totaled 103,543 vehicles, a decrease of 10.5 percent. With 26 selling days in May, compared to 26 the year prior, the company posted a decrease of 1.0 percent on a Daily Selling Rate (DSR) basis.

Sales Highlights

Sales of the CX-9 increased 20.8 percent with 2,421 vehicles sold.
Sales of the MX-5 Miata increased 30.7 percent with 1,102 vehicles sold.
CPO sales totaled 6,223 vehicles in May, an increase of 12.6 percent compared to May 2019. Year-to-date CPO sales decreased 10 percent, with 22,134 vehicles sold.

Mazda Motor de Mexico (MMdM) reported May sales of 2,324 vehicles, a decrease of 50.0 percent compared to May last year. Year-to-date sales decreased 31.6 percent, with 17,166 vehicles sold.

Mazda North American Operations is headquartered in Irvine, California, and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through approximately 620 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at InsideMazda.MazdaUSA.com/Newsroom.

Follow MNAO’s social media channels through Twitter and Instagram at @MazdaUSA and Facebook at Facebook.com/MazdaUSA.


	Month-To-Date				Year-To-Date

	May	May	YOY %	% MTD	May	May	YOY %	% MTD
	2020	2019	Change	DSR	2020	2019	Change	DSR

Mazda3	3,368	4,967	(32.2)%	(32.2)%	12,978	24,533	(47.1)%	(47.5)%
Mazda6	1,477	2,133	(30.8)%	(30.8)%	6,729	11,394	(40.9)%	(41.4)%
MX-5 Miata	1,102	843	30.7%	30.7%	3,354	3,155	6.3%	5.5%
CX-3	842	1,188	(29.1)%	(29.1)%	3,757	5,460	(31.2)%	(31.7)%
CX-30	3,583	0			13,430	0
CX-5	12,140	14,057	(13.6)%	(13.6)%	52,571	61,145	(14.0)%	(14.7)%
CX-9	2,421	2,004	20.8%	20.8%	10,724	10,040	6.8%	6.0%


CARS	5,947	7,943	(25.1)%	(25.1)%	23,061	39,082	(41.0)%	(41.5)%
TRUCKS	18,986	17,249	10.1%	10.1%	80,482	76,645	5.0%	4.2%

TOTAL	24,933	25,192	(1.0)%	(1.0)%	103,543	115,727	(10.5)%	(11.2)%


*Selling Days	26	26			128	127

Logo – https://mma.prnewswire.com/media/53154/mazda_north_american_operations_logo.jpg

SOURCE Mazda North American Operations

Mazda Reports May Sales Results

Sales Highlights

Sales of the CX-9 increased 20.8 percent with 2,421 vehicles sold.
Sales of the MX-5 Miata increased 30.7 percent with 1,102 vehicles sold.
CPO sales totaled 6,223 vehicles in May, an increase of 12.6 percent compared to May 2019. Year-to-date CPO sales decreased 10 percent, with 22,134 vehicles sold.

Mazda Motor de Mexico (MMdM) reported May sales of 2,324 vehicles, a decrease of 50.0 percent compared to May last year. Year-to-date sales decreased 31.6 percent, with 17,166 vehicles sold.

Follow MNAO’s social media channels through Twitter and Instagram at @MazdaUSA and Facebook at Facebook.com/MazdaUSA.


	Month-To-Date				Year-To-Date

	May	May	YOY %	% MTD	May	May	YOY %	% MTD
	2020	2019	Change	DSR	2020	2019	Change	DSR

Mazda3	3,368	4,967	(32.2)%	(32.2)%	12,978	24,533	(47.1)%	(47.5)%
Mazda6	1,477	2,133	(30.8)%	(30.8)%	6,729	11,394	(40.9)%	(41.4)%
MX-5 Miata	1,102	843	30.7%	30.7%	3,354	3,155	6.3%	5.5%
CX-3	842	1,188	(29.1)%	(29.1)%	3,757	5,460	(31.2)%	(31.7)%
CX-30	3,583	0			13,430	0
CX-5	12,140	14,057	(13.6)%	(13.6)%	52,571	61,145	(14.0)%	(14.7)%
CX-9	2,421	2,004	20.8%	20.8%	10,724	10,040	6.8%	6.0%


CARS	5,947	7,943	(25.1)%	(25.1)%	23,061	39,082	(41.0)%	(41.5)%
TRUCKS	18,986	17,249	10.1%	10.1%	80,482	76,645	5.0%	4.2%

TOTAL	24,933	25,192	(1.0)%	(1.0)%	103,543	115,727	(10.5)%	(11.2)%


*Selling Days	26	26			128	127

Logo – https://mma.prnewswire.com/media/53154/mazda_north_american_operations_logo.jpg

SOURCE Mazda North American Operations

Libre by Nexus To Stop Using Body Affixed GPS Devices And Will Reapportion GPS Costs To Provide Free Healthcare To All Libre Clients

LIBRE’S INITIATIVE WILL FREE OVER 7,000 PEOPLE FROM ELECTRONIC TETHERS, REPRESENTING THE SINGLE LARGEST RELEASE EVENT IN THE HISTORY OF ELECTRONIC MONITORING IN THE UNITED STATES.

VERONA, Virginia, June 2, 2020 /PRNewswire-HISPANIC PR WIRE/ — Libre by Nexus announced today the launch of an innovative mobile app that will revolutionize the way the company provides assistance and relief for its clients nationwide.

<div id="prni_dvprnejpgb95aleft"…

LIBRE’S INITIATIVE WILL FREE OVER 7,000 PEOPLE FROM ELECTRONIC TETHERS, REPRESENTING THE SINGLE LARGEST RELEASE EVENT IN THE HISTORY OF ELECTRONIC MONITORING IN THE UNITED STATES.

In May, Libre lost a valued member of its client community in Florida to COVID-19. Libre was not authorized to enter the hospital to remove the client’s GPS device because of the pandemic.

Libre by Nexus originally planned to make the switch away from monitoring bracelets by the end of 2020, but after its client lost their battle with COVID-19 while still wearing its GPS bracelet, the company knew it had to expedite the process.

“I can’t accept that our family member, someone we advocated for, died without their family and with a piece of plastic strapped to them,” said Mike Donovan, Nexus President and CEO. “On that day, I decided we would immediately begin our transition fully away from body affixed GPS devices. The new app technology will hasten the complete and total removal of all body affixed GPS devices from Libre clients. The fact that we are reapportioning our budget for GPS devices to provide free healthcare for our participants is an incredible testament to the memory of our recently deceased client.”

This month, over 7,000 program participants will have the opportunity to have their electronic monitors removed — marking the single largest known liberation event in the history of electronic monitoring in the United States. The monitoring devices will be replaced by a simple mobile phone app. The new app technology will allow Libre clients to access transportation or translation services at their fingertips. The app will even permit Libre clients to file requests for legal assistance and schedule free appointments with health care providers through telemedicine.

Libre by Nexus currently serves nearly 30,000 clients. The company’s core function is to offer a host of services to the immigrant community that increase societal participation while reducing burdens to U.S. taxpayers, including helping release people from immigration custody and reunite with their families with the use of a monitoring program. Through the Libre by Nexus program, participants need not endure the unnecessary and painful separation from their children and loved ones while their case is before the Immigration courts.

Libre by Nexus will begin transitioning to this new system starting Tuesday, June 2, 2020. The company will begin to set up appointments for clients in all Libre offices to remove GPS bracelets. Clients are encouraged to call 1-877-718-3411 or to visit https://www.librebynexusapp.com/ to pre-register and schedule appointments for the removal of their tracking device. Clients who cannot visit an office can request a self-removal kit that will include the tool needed to safely remove their GPS device, an instructional video, new system enrollment information and a return envelope. Libre by Nexus’ goal is that by July 4th, 2020, all current clients will be using the new mobile-based app rather than a GPS bracelet.

Libre by Nexus’ success has been built on the compliance of the vast majority of our clients to the terms of their release conditions. Our success comes from advocating for our clients.

“I want to thank attorneys for our clients, and regulators from several states, for helping us critically analyze how we could speed up efforts to provide relief from body affixed GPS devices to our program participants. Bringing people back to full participation in society is the one way to cure behavioral problems or societal disconnectedness, not mass incarceration,” Donovan said. “I hope the federal government and the individual states will likewise reduce reliance on electronic monitoring. Placing a tracking device on someone simply isn’t effective in actually solving problems associated with immigrants in detention or pretrial criminal defendants in U.S. jails. These GPS devices are often unreliable and largely unhelpful in assuring compliance as compared to effective support and advocacy, which has always been the secret to Libre’s success. Ending the use of body affixed GPS technology is a goal all governments should be committed to achieving.”

Libre by Nexus is a leading provider of comprehensive and life-sustaining services to detained immigrants and their families. The organization funds legal services through NDH LLC., and the Caridades Immigrant Legal Defense Project, as a part of its corporate giving to increase access to justice for disadvantaged people across the United States. http://www.librebynexus.com/

Logo – https://mma.prnewswire.com/media/1175668/Libre_By_Nexus_Logo.jpg

SOURCE Libre by Nexus

Bluetooth Speaker Market Size to Reach Revenues of Over $10 Billion by 2025 – Arizton

CHICAGO, June 2, 2020 /PRNewswire/ — The global Bluetooth speaker market is expected to grow at a CAGR of over 10% during the period 2019–2025.

<img id="prnejpg16caleft" title="Arizton Logo" border="0" alt="Arizton Logo" align="middle"…

CHICAGO, June 2, 2020 /PRNewswire/ — The global Bluetooth speaker market is expected to grow at a CAGR of over 10% during the period 2019–2025.

In-depth analysis and data-driven insights on the impact of COVID-19 included in this global Bluetooth speaker market report. Bluetooth speakers are gaining significant traction in the voice frequency industry. With advances in headphone technology, speakers are entering the intelligent speaker era. Therefore, the implementation of the new generation technology with improved connectivity is expected to bolster the demand for Bluetooth speakers. The demand has grown in the US and China, where the high internet penetration and the convenience to purchase connected devices via several online distribution channels have enabled the Bluetooth speaker market growth.

One of the major factors responsible for market growth is product innovations. This trend is playing a vital role in gaining attention among consumers. With the incorporation of innovative, advanced headphones technology, several products are experiencing enhancements in designing, specification, and features, thereby increasing the demand among consumers. Fugoo offers Bluetooth speakers, which comprise nearly eight symmetrically placed drivers. Similarly, the inclusion of long battery life, 360-degree surround sound, customizable led lights, application sync features, and smart assistant makes its product attractive to a wide audience.

Key Highlights Offered in the Report:

The global Bluetooth speaker market would realize an absolute growth of 90%, a leap of over $5 billion revenue between 2019 and 2025.
Various technological innovations such as the Bluetooth LE Audio, the next iteration of the wireless transmission standard which allows to connect hundreds of devices to a single source will boost the overall shipment of Bluetooth speakers to reach over 130 million units by 2025.
Premium Bluetooth speakers are witnessing a traction in demand from the residential segment. The segment is expected to witness a high CAGR of over 12%, contributing incremental revenues worth over $700 million during the forecast period.
Registering a high growth CAGR of about 12% during 2019-2025, the global sales for rugged Bluetooth speakers will continue to erode the market share of traditional speakers. The segment is likely to register over 97% absolute growth in market revenue during 2019-2025.
Bluetooth speaker retailers are focusing more on omni-channel strategies to build customer relationships which may prove their lifeline to repel the growing onslaught from online retailers. The online sales of Bluetooth speakers is expected to witness over 20% YoY growth during the forecast period.
With over 70% of the market shipments coming from the US and Europe, vendors have to look upon new markets to expand. Further, vendors should look upon innovative strategies and promotional measures to boost sales in a stagnating European market.

Key Offerings:

Market Size & Forecast by Revenue | 2019−2025
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by pricing, portability, devices, end-users, and geography
Competitive Landscape – Profile of 4 key vendors and 46 other vendors

Get your sample today! https://www.arizton.com/market-reports/bluetooth-speaker-market-analysis-report-2025

The following factors are likely to contribute to the growth of the Bluetooth speaker market during the forecast period:

Advancements in Technology and Innovative Solutions

Increasing Penetration of Internet

Increased Investment in IoT

Growth in Online Music Streaming

The study considers the present scenario of the Bluetooth speaker market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Bluetooth Speaker Market: Segmentation

This research report includes a detailed segmentation by pricing, portability, devices, end-users, and geography. Low-end models are proficiently used by end-users for both residential and commercial purposes. They are the preferred choice as they are convenient and offer hassle-free installation. These devices are portable and offer excellent sound quality, thereby contributing to revenue growth. Besides, the cost-effectiveness offered by these models is expected to increase their application in the residential sector. Mid-end models, which are priced between $50 and $200, can be used both in commercial and residential segments. The segment is expected to experience steady growth in APAC as end-users in the region are highly-priced sensitive and restrain from purchasing high-priced premium items. Thus, APAC could become a potentially large market for mid-range Bluetooth speakers during the forecast period. While the annual saving ratio in APAC countries is higher than the US and European countries, the APAC is likely to emerge one of the largest markets for mid-range devices during the forecast period.

A majority of Bluetooth speakers are portable, as they offer convenience and movability. The fixed segment is expected to lose its market share to the portable segment during the forecast period. The portable Bluetooth speaker market is expected to grow at a significant CAGR during the forecast period as they are compact and lightweight, thereby increasing prominence in the Bluetooth speaker market. Also, these devices can easily configure with tablets or smartphones, thereby increasing adoption in the residential segment. Fixed Bluetooth speakers do not include batteries and are not easy to carry. They have a fixed installation in the house. Hence, these models limit the mobility for the equipment, thereby posing a restrain for their market growth. With increasing innovations, professionals are increasingly focusing on the introduction of devices, which are high on compactness and low on inconvenience. The APAC region is expected to contribute significant share toward the fixed segment on account of the increasing popularity of regional music streaming platforms. These platforms are focusing on developing sustainable revenue models in the next few years. The consumers in Asia are increasingly shifting their preferences from downloading to streaming.

The traditional market is attaining maturity in developed economies. End-users are looking for product innovations. Further, these devices are priced at a lower end, and thus, generate revenue through mass sales. Bluetooth speakers are profoundly used for sharing music files and play music around the house. The waterproof Bluetooth speaker market, on the other hand, is gaining traction in the US and Western European countries. They are priced in the moderate range, with the market witnessing a shift toward innovative speakers in developed countries. Moreover, their increasing application in outdoor spaces can contribute in the growth of the segment. North America is expected to witness the shipment of over 14 million units by 2025 due to the high spending power of the millennial, the increased adoption of smartphones, and rapid urbanization are driving the segment growth.

Bluetooth speakers find their application as home speakers in households. These devices are used for music streaming via smartphones or PCs. These devices are considerably simple to operate. With their increasing popularity, a high percentage of consumers recognize the benefits of Bluetooth devices, which include portability, power-saving options, easy installation, high-quality sound, and seamless wireless connectivity. These features are increasingly driving the application in the residential sector. Key vendors in the Bluetooth speaker market emphasize technological enhancements for product differentiation.The increasing adoption of Bluetooth speakers in small offices, home offices, educational institutions, and smart offices is driving the segment growth. Commercial Bluetooth devices are expensive, but they are powerful and large. They are standalone devices, which offer better sound quality in comparison to built-in counterparts. These devices have been witnessing profound adoption in the past few years in the audio technology segment. These speakers are available in several shapes and sizes, thereby catering to changing consumer demands.

Market Segmentation by Pricing

Low-end
Medium Range
Premium Range

Market Segmentation by Probability

Fixed
Portable

Market Segmentation by Device

Traditional
Waterproof
Rugged

Market Segmentation by End-users

Residential
Commercial

Insights by Geography

North America is one of the largest markets in the music industry. However, the shifting trend toward online communications and digital media is expected to open avenues for music industry professionals and global artists. Streaming services include a wide variety of formats, premium paid subscription services, along with streaming radio services. Nearly 50% of North Americans are using unpaid and paid streaming services. Hence, increasing paid subscriptions are expected to contribute favorably to the Bluetooth speaker market. With the rise in music streaming services, Bluetooth speakers are anticipated to witness the surging rise in demand. The European region is expected to witness an increase in per capita disposable income, thereby driving the overall demand for several electronic appliances among professionals and residential users. Digitalization is expected to have to affect Europe positively. The concept of video streaming in social media is gaining prominence in the region. With increasing internet penetration, the streaming music industry is anticipated to witness an increase.

The growing penetration of smartphones in APAC has increased the addressable market for Bluetooth speakers. The penetration of smartphones is rapidly increasing due to urbanization in the region. When smartphones were launched, their price premium made them unaffordable for the middle-class population. However, with the availability of budgeted smartphones, high disposable income, and increased buying power of the middle-class population, especially in developing countries, the sale of Bluetooth speakers is expected to increase. Several innovative regionally centered music streaming platforms are significantly experiencing a rise in demand in the APAC region.

Get your sample today! https://www.arizton.com/market-reports/bluetooth-speaker-market-analysis-report-2025

Market Segmentation by Geography

Insights by Vendors

Europe

Germany
Italy
UK
France
Spain
Nordic
Others

North America

US
Canada

APAC

China
Japan
Australia
India

South Africa
UAE
Saudi Arabia
Others

Latin America

Brazil
Mexico
Argentina
Others

The global Bluetooth speaker market is moderately concentrated with Bose, HARMAN, Sony, and Beats, capturing more than 40% of the market share. The rapidly changing technological environment could adversely affect vendors as customers expect continual innovations and upgrades.

On the one hand, some traditional manufacturers have started to offer Bluetooth speakers with high functionalities and designs. All these companies have a global presence, at least in three major geographical regions of North America, APAC, and Europe. However, there are local vendors providing products with similar specifications at low prices. This will intensify the price wars among vendors during the forecast period. The Bluetooth speaker market has the threat of infiltration with low-quality products. Major vendors continually compete among themselves for the leading position in the market, with occasional spurts of competition coming from other local vendors.

Key Vendors

Apple
Bose
Samsung
Sony

Other vendors include – Altec Lansing, Anker Innovations, Aomais, Artis, Axess, Bang & Olufsen, Boat Lifestyle, Braven, Creative Technology, Doss, Demerbox, Denon, Edifier, Fugoo, iBall, iClever, ION Audio, Jam Audio, Kondor, Klipsch Group, Koninklijke Philips, Lenovo, LG Electronics, Logitech, Linn, Marshall, Monster Store, MPOW, Onkyo Corporation, Panasonic, Photive, Qualcomm, Renqing Technology, Shark, Sharp Corporation, Shenzhen Jonter Digital Technology, Skullcandy, Sonos, Soundbot, Supersonic, TAGG, The House of Marley, TIBO, Tribit Audio, VicTsing Corporation, and Zebronics.

Explore our Consumer Goods & Retail Technology profile to know more about the industry.

Read some of the top-selling reports:

About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

Mail: enquiry@arizton.com
Call: +1-312-235-2040
+1-302-469-0707

View original content:http://www.prnewswire.com/news-releases/bluetooth-speaker-market-size-to-reach-revenues-of-over-10-billion-by-2025—arizton-301069260.html

SOURCE Arizton Advisory & Intelligence

(Español) Libre by Nexus dejará de utilizar los dispositivos GPS colocados en el cuerpo y redistribuirá los costos del GPS para proporcionar atención médica gratuita a todos los clientes de Libre

(Español)

VERONA, Virginia, 2 de junio de 2020 /PRNewswire-HISPANIC PR WIRE/ — Libre by Nexus anunció hoy el lanzamiento de una aplicación móvil innovadora que revolucionará la forma en que la empresa brinda asistencia y alivio para sus clientes en todo el país.

En Mayo, Libre…

Sorry, this entry is only available in Español.

(Español) Libre by Nexus dejará de utilizar los dispositivos GPS colocados en el cuerpo y redistribuirá los costos del GPS para proporcionar atención médica gratuita a todos los clientes de Libre

(Español)

En Mayo, Libre…

Sorry, this entry is only available in Español.

Libre by Nexus To Stop Using Body Affixed GPS Devices And Will Reapportion GPS Costs To Provide Free Healthcare To All Libre Clients

LIBRE’S INITIATIVE WILL FREE OVER 7,000 PEOPLE FROM ELECTRONIC TETHERS, REPRESENTING THE SINGLE LARGEST RELEASE EVENT IN THE HISTORY OF ELECTRONIC MONITORING IN THE UNITED STATES.

<div id="prni_dvprnejpgb95aleft"…

LIBRE’S INITIATIVE WILL FREE OVER 7,000 PEOPLE FROM ELECTRONIC TETHERS, REPRESENTING THE SINGLE LARGEST RELEASE EVENT IN THE HISTORY OF ELECTRONIC MONITORING IN THE UNITED STATES.

In May, Libre lost a valued member of its client community in Florida to COVID-19. Libre was not authorized to enter the hospital to remove the client’s GPS device because of the pandemic.

Libre by Nexus’ success has been built on the compliance of the vast majority of our clients to the terms of their release conditions. Our success comes from advocating for our clients.

Logo – https://mma.prnewswire.com/media/1175668/Libre_By_Nexus_Logo.jpg

SOURCE Libre by Nexus

(Español) Libre by Nexus dejará de utilizar los dispositivos GPS colocados en el cuerpo y redistribuirá los costos del GPS para proporcionar atención médica gratuita a todos los clientes de Libre

(Español)

En Mayo, Libre…

Sorry, this entry is only available in Español.

Leclanché announces strategic company reorganization along with an Industrial Partnership Agreement with Eneris Group aiming at creating a leading European battery partnership

Eneris Group to make direct investments totaling up to CHF 95 million in two manufacturing JVs and a Technology License Agreement

Eneris to provide up to CHF 42 million in working capital loans and make investments in excess of CHF 53 million in a major capacity expansion programme in newly established Joint Ventures with majority ownership;
Leclanché grants a license to Eneris for further development and access to larger…

Eneris Group to make direct investments totaling up to CHF 95 million in two manufacturing JVs and a Technology License Agreement

Eneris to provide up to CHF 42 million in working capital loans and make investments in excess of CHF 53 million in a major capacity expansion programme in newly established Joint Ventures with majority ownership;

Leclanché grants a license to Eneris for further development and access to larger scale industrialization;

Material reduction for Leclanché in cash intensity of the business: reduced Operating and Capital expenses;

Worldwide business wins with combined order book exceeding CHF 90 million for delivery over years 2020 to 2021- excluding the St. Kitts project;

Establishing a Build-Own-Operate (BOO) projects business line for selected stationary projects with a long-term Power Purchase Agreement (PPA) and/or Offtake Agreement with local customers;

Leclanché shall retain all customer contracts unchanged;

New Leclanché pivots to a green tech software and systems integration company using the competitive products manufactured at giga-scale in partnership with Eneris group

YVERDON-LES-BAINS, Switzerland, June 2, 2020 /PRNewswire-HISPANIC PR WIRE/ — Leclanché SA (SIX: LECN), one of the world’s leading energy storage companies, today announced a strategic reorganization which will convert the company into a market oriented, research-driven, software and systems integration company with expanded production and R&D capabilities based on a partnership agreement with Eneris Group, a leading European cleantech player operating out of Poland, “the factory of Europe” and a key participant in the EU “Important Project for Common European Interest on batteries” programme.

Stefan Mueller, Chairman of the Board, said: “We are pleased with the comprehensive Strategic partnership agreements signed with Eneris Group. This can be a truly transformational partnership to create a market leader. We thank all our shareholders for their significant and patient investments since late 2006 in developing our Energy Storage Business based on in-house Lithium Cells and Systems. Our time has now come.

We are embarking on a strategic reorganization while recognizing the challenging current economic conditions due to COVID-19. The Board of Directors of the Company has decided to reorganize Leclanché’s operating model as the current Business Units have reached a critical size in terms of personnel, revenue and customer contracts. The Board is of the firm view that the Company has solid fundamentals to deliver profitable growth based on a strong global order book, advances in proprietary high capacity cells and the adoption of a highly profitable build-own-operate model for our Stationary Business Unit.

The Board believes that the partnership with Eneris Group enables the Company to secure the funding and resources that will help the Company achieve its goal of becoming one of the full value chain energy storage market leaders.

On behalf of the Board, I would like to sincerely thank Mr. Artur Dela, Founder and CEO of Eneris Group, for his trust in Leclanché. We are looking forward to his entrepreneurial leadership and drive to support the success of both Companies.

I would also like to thank and congratulate Anil Srivastava, CEO of Leclanché, for securing the industrial investment partnership with Eneris Group. We are confident that he and his management team will expeditiously implement the strategic reorganization.”

Artur Dela, Chairman of Eneris Group, said: “The mission of Eneris is ‘clean air, soil and water, innovation protecting the environment.’ The challenge of this century is to protect the planet. To protect the environment, we need to change our energy paradigm. The European “Green Deal” confirms this clear direction to our industries, scientists and financiers. Energy transition is our focus and energy storage is key to it, as demonstrated by our participation in EUs ICPEI program and now partnership with Leclanché.

The market needs adequate batteries for stationary energy storage to be associated with renewable energy sources and, in association with fuel cells, for eTransportation: buses, trucks, vessels, locomotives, heavy-duty machines, etc.

Leclanché has them. A 111-year old start-up, Leclanché is a pioneer in new generation batteries and a visionary focus on cleaner and more performant systems with no harmful liquids, higher energy density and more charging cycles. It has an important growth potential. The market demand for its products far exceeds its current manufacturing capacity, while its current advanced know-how needs to be further financed.

I am persuaded that various cooperation models and integration are key to succeeding in any new industry, and in particular, in sectors like energy storage which is highly competitive and capital intensive for R&D, large scale industrialisation and commercialization. Eneris’s industrial base and its participation in the IPCEI consortium, together with Leclanché’s know-how, will accelerate and reinforce our common development.

I am pleased Leclanché has accepted our proposal to join forces and I would like to personally thank the Board for its confidence and the management team led by Anil Srivastava for the hard work in completing a complex and far-reaching transaction in record time during this turbulent period.”

A Shareholder Letter, dated 2^nd of June, 2020, provides additional information from the company and is available here.

Strategic Reorganization: New Capital-Light Operating Model for Production

Anil Srivastava, CEO of Leclanché, said: “The transformational partnership agreement with Eneris will lift a tremendous capital burden off Leclanché’s shoulders while guaranteeing production capacity. The JVs to be created will produce Leclanché technologies and Leclanché-branded products. They will be majority owned by Eneris with a minority stake held by Leclanché with key reserve matters and approval rights. The Joint Ventures with Eneris shall manufacture products based on Leclanché technologies with capacity reservation for Leclanché based on mutually agreed-upon business plans with Eneris.”

Industrial Partnership Agreement with Eneris Group

The Company’s Board has negotiated and accepted an investment offer from Eneris. Eneris is a company of the Eneris Group, a leading European Cleantech player. On this basis, the Company and Eneris have signed three interrelated agreements (“Agreements”): a Loan Agreement and a Technology License Agreement – both in force since 28^th of May 2020, and an Industrial Cooperation Agreement to be effective as soon as the JVs will be formed. Through the agreements, the Company shall secure funding and resources to ensure long-term profitable growth.

Key features of this agreement include:

Eneris will provide Leclanché with working capital financing of up to CHF 42 million to fully fund the business plan through June 2021;


Licensing of Leclanché’s technology to Eneris against payment of a royalty fee of up to CHF 32 million, according to an agreed-upon payment schedule. This licensing is non-exclusive on a right to use basis, with the freedom to carry out future developments. The licensing is applicable worldwide excluding the Republic of India;


Creation of two manufacturing Joint Ventures (“JV“) in which Eneris will hold the majority of the share capital thanks to an investment in excess of CHF 53 million for a major capacity expansion programme: one in Germany for the production of cells and the other in Switzerland and Poland for the assembly of modules. A third is being considered for France. We expect these JVs to be formed over a period of time, in consultation with the relevant workers council and in accordance with applicable laws. About 135 production employees will be transferred to the JVs;


Leclanché will sign a production offtake agreement with Eneris in which Eneris will reserve the required production capacity for Leclanché in the coming years;


Leclanché will retain full ownership of its technology and will continue to invest in Research & Development (R&D) activities for cells, modules and Battery Management Systems (BMS).

Anil Srivastava, CEO of Leclanché, said: “This transaction provides a number of critical benefits for Leclanché including avoiding Capex investments of up to CHF 53 million in 2020, and a further CHF 60 million in 2022 for increased cell production. The Company will realize a reduction of approximately 20% in Operating Expenses. Additionally, the transfer of production activities to the JVs will result in substantial reduction of working capital needs related to production. The agreement enables the Company to maintain access to the large production capacity, nearly 1 GWh by Q1 2022 and up to 2.4 GWh by end 2024, needed to deliver contractual commitments for large eTransport customers with multi-year Master Supply Agreements such as Kongsberg Maritime and Bombardier. This shall super-charge our ability to win new customers who require access to large-volume deliveries.
Lastly, and most importantly, the strategic partnership with Eneris is materially non-dilutive to current shareholders.”

Phased implementation and funding plan by Eneris Group

Prior to the signing of the agreements with Eneris, the full Board made a determination to ensure that the agreement was in the best interest of the Company and all its shareholders. A Valuation Analysis of the new Leclanché resulting from the transaction with Eneris Group was conducted by an Independent Director of the Board. The full Board reviewed this analysis and arrived at a very clear and unanimous view that the agreement with Eneris is highly value accretive for the Company and is in the best interest of all its shareholders. On this basis, the Board of Directors approved all three agreements underpinning the overall transaction with Eneris Group.

The Board has sought and secured reasonable proof-of-funds from Eneris Group that underpins its confidence that the Group has the means to make the investments delineated under the agreements between the Companies. A phased implementation plan in line with Eneris’ funding schedule gives the Company the ability to manage the risk prudently.

Build-Own-Operate Model Impacts Company’s Revenue in 2019-2020 and EBITDA Positive Timeline

To launch the highly profitable and selective Build-Own-Operate (BOO) business line, the St. Kitts project has been moved from a traditional turnkey EPC contract to a BOO contract. While Leclanché will still build the project as an EPC contractor, IFRS accounting rules prevent any revenue recognition as an EPC contractor under the BOO model. This accounting requirement shall lead to a reduction of more than CHF 40 million revenue in 2019- although not lost revenue. This technical shift shall be more than offset with a revenue recognition of circa CHF 9 million average revenue per year and a positive EBITDA of more than CHF 5 million per year for a period of 20 years under the signed Power Purchase Agreement with SKELEC, the St. Kitts Electrical Utility. In addition, future projects will add their own recurring EBITDA.

The Company has already secured a Construction Loan of CHF 46 million for the St. Kitts project from a large Infrastructure Fund in New York and aims to start the Construction of this project at the earliest possible point after COVID-19 related travel restrictions are eased.

The Company plans to create a separate holding company, the “BOO HoldCo,” where Leclanché S.A. shall retain a controlling majority stake. The shift to the BOO model underpins long-term profitability for the Company, the shift of the revenue due to technical accounting rules mentioned above shall also move EBITDA positive results to the year 2022. It is important to reiterate that the addition of the BOO model will add profitable growth for 20 years and further strengthen the assets in the balance sheet of the Company and make it less dependent on annual fluctuations of project revenues.

Path to Becoming a Global Market Leader

Anil Srivastava, CEO of Leclanché, said: “We are excited about the comprehensive Industrial Cooperation Agreement signed with Eneris Group. Though the agreements shall be implemented progressively, upon meeting certain conditions, the Company remains confident to successfully implement all the agreements. Nevertheless, the Company has put in place reasonable safeguards to mitigate the risks resulting from any unlikely event of major variations to the agreement. This can truly be a transformational partnership to create a global market leader. We reiterate that the strategic reorganization underway shall:

Set the Company on course to deliver sustainable and profitable growth for years to come;

The new Leclanché shall pivot increasingly towards more software and systems integration using the competitive products manufactured-at-scale in partnership with Eneris Group;

We have secured substantial fresh capital and access to large production capacity with minimal dilution for all shareholders of Leclanché S.A.;

With all of the above, we have increased our ability to serve all our customers better; and win new ones at an accelerated pace to become a market leader.”

About Eneris Group
Eneris Group is a private company dedicated to Innovation protecting the environment: “clean air, soil and water” promoting circular economy, a holistic approach and a vertical integration in the field of waste, water, energy and energy storage. It is primarily operating and developing utilities in Poland and participating in the energy transition, while its cleantech scope is pan-European. Together with its affiliates (Eneris Polbatt, Eneris Batteries & Recycling, etc.), Eneris is implementing a series of ventures and projects focusing on batteries. Its batteries portfolio is supported by European authorities and the Polish government in the framework of the European Battery Alliance and “Important Project for Common European Interest on Batteries” (IPCEI) programs, including strategic projects in terms of R&D and industrialization of the whole value chain inclusive of advanced materials, cells with improved performance and new types of cells, battery pack and module configuration, repurposing and recycling, etc. Eneris’ strategy includes R&D and manufacturing plants in Poland, Germany and France.

About Leclanché
Headquartered in Switzerland, Leclanché SA is a leading provider of high-quality energy storage solutions designed to accelerate our progress towards a clean energy future. Leclanché’s history and heritage is rooted in over 100 years of battery and energy storage innovation and the Company is a trusted provider of energy storage solutions globally. This coupled with the Company’s culture of German engineering and Swiss precision and quality, continues to make Leclanché the partner of choice for both disruptors, established companies and governments who are pioneering positive changes in how energy is produced, distributed and consumed around the world. The energy transition is being driven primarily by changes in the management of our electricity networks and the electrification of transport, and these two end markets form the backbone of our strategy and business model. Leclanché is at the heart of the convergence of the electrification of transport and the changes in the distribution network. Leclanché is the only listed pure play energy storage company in the world, organised along three business units: stationary storage solutions, e-Transport solutions and specialty batteries systems. Leclanché is listed on the Swiss Stock Exchange (SIX: LECN).

SIX Swiss Exchange: ticker symbol LECN | ISIN CH 011 030 311 9

Disclaimer

This press release contains certain forward-looking statements relating to Leclanché’s business, which can be identified by terminology such as “strategic”, “proposes”, “to introduce”, “will”, “planned”, “expected”, “commitment”, “expects”, “set”, “preparing”, “plans”, “estimates”, “aims”, “would”, “potential”, “awaiting”, “estimated”, “proposal”, or similar expressions, or by expressed or implied discussions regarding the ramp up of Leclanché’s production capacity, potential applications for existing products, or regarding potential future revenues from any such products, or potential future sales or earnings of Leclanché or any of its business units. You should not place undue reliance on these statements. Such forward-looking statements reflect the current views of Leclanché regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. There can be no guarantee that Leclanché’s products will achieve any particular revenue levels. Nor can there be any guarantee that Leclanché, or any of the business units, will achieve any particular financial results.

Logo – https://mma.prnewswire.com/media/711940/Leclanche_Logo.jpg

SOURCE Leclanche

Author venredPosted on 2 June, 2020Categories Aaron Sanchez

Leclanché announces strategic company reorganization along with an Industrial Partnership Agreement with Eneris Group aiming at creating a leading European battery partnership

Eneris Group to make direct investments totaling up to CHF 95 million in two manufacturing JVs and a Technology License Agreement

Eneris to provide up to CHF 42 million in working capital loans and make investments in excess of CHF 53 million in a major capacity expansion programme in newly established Joint Ventures with majority ownership;

Leclanché grants a license to Eneris for further development and access to larger…

Eneris Group to make direct investments totaling up to CHF 95 million in two manufacturing JVs and a Technology License Agreement

Eneris to provide up to CHF 42 million in working capital loans and make investments in excess of CHF 53 million in a major capacity expansion programme in newly established Joint Ventures with majority ownership;

Leclanché grants a license to Eneris for further development and access to larger scale industrialization;

Material reduction for Leclanché in cash intensity of the business: reduced Operating and Capital expenses;

Worldwide business wins with combined order book exceeding CHF 90 million for delivery over years 2020 to 2021- excluding the St. Kitts project;

Establishing a Build-Own-Operate (BOO) projects business line for selected stationary projects with a long-term Power Purchase Agreement (PPA) and/or Offtake Agreement with local customers;

Leclanché shall retain all customer contracts unchanged;

New Leclanché pivots to a green tech software and systems integration company using the competitive products manufactured at giga-scale in partnership with Eneris group

YVERDON-LES-BAINS, Switzerland, June 2, 2020 /PRNewswire-HISPANIC PR WIRE/ — Leclanché SA (SIX: LECN), one of the world’s leading energy storage companies, today announced a strategic reorganization which will convert the company into a market oriented, research-driven, software and systems integration company with expanded production and R&D capabilities based on a partnership agreement with Eneris Group, a leading European cleantech player operating out of Poland, “the factory of Europe” and a key participant in the EU “Important Project for Common European Interest on batteries” programme.

Stefan Mueller, Chairman of the Board, said: “We are pleased with the comprehensive Strategic partnership agreements signed with Eneris Group. This can be a truly transformational partnership to create a market leader. We thank all our shareholders for their significant and patient investments since late 2006 in developing our Energy Storage Business based on in-house Lithium Cells and Systems. Our time has now come.

We are embarking on a strategic reorganization while recognizing the challenging current economic conditions due to COVID-19. The Board of Directors of the Company has decided to reorganize Leclanché’s operating model as the current Business Units have reached a critical size in terms of personnel, revenue and customer contracts. The Board is of the firm view that the Company has solid fundamentals to deliver profitable growth based on a strong global order book, advances in proprietary high capacity cells and the adoption of a highly profitable build-own-operate model for our Stationary Business Unit.

The Board believes that the partnership with Eneris Group enables the Company to secure the funding and resources that will help the Company achieve its goal of becoming one of the full value chain energy storage market leaders.

On behalf of the Board, I would like to sincerely thank Mr. Artur Dela, Founder and CEO of Eneris Group, for his trust in Leclanché. We are looking forward to his entrepreneurial leadership and drive to support the success of both Companies.

I would also like to thank and congratulate Anil Srivastava, CEO of Leclanché, for securing the industrial investment partnership with Eneris Group. We are confident that he and his management team will expeditiously implement the strategic reorganization.”

Artur Dela, Chairman of Eneris Group, said: “The mission of Eneris is ‘clean air, soil and water, innovation protecting the environment.’ The challenge of this century is to protect the planet. To protect the environment, we need to change our energy paradigm. The European “Green Deal” confirms this clear direction to our industries, scientists and financiers. Energy transition is our focus and energy storage is key to it, as demonstrated by our participation in EUs ICPEI program and now partnership with Leclanché.

The market needs adequate batteries for stationary energy storage to be associated with renewable energy sources and, in association with fuel cells, for eTransportation: buses, trucks, vessels, locomotives, heavy-duty machines, etc.

Leclanché has them. A 111-year old start-up, Leclanché is a pioneer in new generation batteries and a visionary focus on cleaner and more performant systems with no harmful liquids, higher energy density and more charging cycles. It has an important growth potential. The market demand for its products far exceeds its current manufacturing capacity, while its current advanced know-how needs to be further financed.

I am persuaded that various cooperation models and integration are key to succeeding in any new industry, and in particular, in sectors like energy storage which is highly competitive and capital intensive for R&D, large scale industrialisation and commercialization. Eneris’s industrial base and its participation in the IPCEI consortium, together with Leclanché’s know-how, will accelerate and reinforce our common development.

I am pleased Leclanché has accepted our proposal to join forces and I would like to personally thank the Board for its confidence and the management team led by Anil Srivastava for the hard work in completing a complex and far-reaching transaction in record time during this turbulent period.”

A Shareholder Letter, dated 2^nd of June, 2020, provides additional information from the company and is available here.

Strategic Reorganization: New Capital-Light Operating Model for Production

Anil Srivastava, CEO of Leclanché, said: “The transformational partnership agreement with Eneris will lift a tremendous capital burden off Leclanché’s shoulders while guaranteeing production capacity. The JVs to be created will produce Leclanché technologies and Leclanché-branded products. They will be majority owned by Eneris with a minority stake held by Leclanché with key reserve matters and approval rights. The Joint Ventures with Eneris shall manufacture products based on Leclanché technologies with capacity reservation for Leclanché based on mutually agreed-upon business plans with Eneris.”

Industrial Partnership Agreement with Eneris Group

The Company’s Board has negotiated and accepted an investment offer from Eneris. Eneris is a company of the Eneris Group, a leading European Cleantech player. On this basis, the Company and Eneris have signed three interrelated agreements (“Agreements”): a Loan Agreement and a Technology License Agreement – both in force since 28^th of May 2020, and an Industrial Cooperation Agreement to be effective as soon as the JVs will be formed. Through the agreements, the Company shall secure funding and resources to ensure long-term profitable growth.

Key features of this agreement include:

Eneris will provide Leclanché with working capital financing of up to CHF 42 million to fully fund the business plan through June 2021;


Licensing of Leclanché’s technology to Eneris against payment of a royalty fee of up to CHF 32 million, according to an agreed-upon payment schedule. This licensing is non-exclusive on a right to use basis, with the freedom to carry out future developments. The licensing is applicable worldwide excluding the Republic of India;


Creation of two manufacturing Joint Ventures (“JV“) in which Eneris will hold the majority of the share capital thanks to an investment in excess of CHF 53 million for a major capacity expansion programme: one in Germany for the production of cells and the other in Switzerland and Poland for the assembly of modules. A third is being considered for France. We expect these JVs to be formed over a period of time, in consultation with the relevant workers council and in accordance with applicable laws. About 135 production employees will be transferred to the JVs;


Leclanché will sign a production offtake agreement with Eneris in which Eneris will reserve the required production capacity for Leclanché in the coming years;


Leclanché will retain full ownership of its technology and will continue to invest in Research & Development (R&D) activities for cells, modules and Battery Management Systems (BMS).

Anil Srivastava, CEO of Leclanché, said: “This transaction provides a number of critical benefits for Leclanché including avoiding Capex investments of up to CHF 53 million in 2020, and a further CHF 60 million in 2022 for increased cell production. The Company will realize a reduction of approximately 20% in Operating Expenses. Additionally, the transfer of production activities to the JVs will result in substantial reduction of working capital needs related to production. The agreement enables the Company to maintain access to the large production capacity, nearly 1 GWh by Q1 2022 and up to 2.4 GWh by end 2024, needed to deliver contractual commitments for large eTransport customers with multi-year Master Supply Agreements such as Kongsberg Maritime and Bombardier. This shall super-charge our ability to win new customers who require access to large-volume deliveries.
Lastly, and most importantly, the strategic partnership with Eneris is materially non-dilutive to current shareholders.”

Phased implementation and funding plan by Eneris Group

Prior to the signing of the agreements with Eneris, the full Board made a determination to ensure that the agreement was in the best interest of the Company and all its shareholders. A Valuation Analysis of the new Leclanché resulting from the transaction with Eneris Group was conducted by an Independent Director of the Board. The full Board reviewed this analysis and arrived at a very clear and unanimous view that the agreement with Eneris is highly value accretive for the Company and is in the best interest of all its shareholders. On this basis, the Board of Directors approved all three agreements underpinning the overall transaction with Eneris Group.

The Board has sought and secured reasonable proof-of-funds from Eneris Group that underpins its confidence that the Group has the means to make the investments delineated under the agreements between the Companies. A phased implementation plan in line with Eneris’ funding schedule gives the Company the ability to manage the risk prudently.

Build-Own-Operate Model Impacts Company’s Revenue in 2019-2020 and EBITDA Positive Timeline

To launch the highly profitable and selective Build-Own-Operate (BOO) business line, the St. Kitts project has been moved from a traditional turnkey EPC contract to a BOO contract. While Leclanché will still build the project as an EPC contractor, IFRS accounting rules prevent any revenue recognition as an EPC contractor under the BOO model. This accounting requirement shall lead to a reduction of more than CHF 40 million revenue in 2019- although not lost revenue. This technical shift shall be more than offset with a revenue recognition of circa CHF 9 million average revenue per year and a positive EBITDA of more than CHF 5 million per year for a period of 20 years under the signed Power Purchase Agreement with SKELEC, the St. Kitts Electrical Utility. In addition, future projects will add their own recurring EBITDA.

The Company has already secured a Construction Loan of CHF 46 million for the St. Kitts project from a large Infrastructure Fund in New York and aims to start the Construction of this project at the earliest possible point after COVID-19 related travel restrictions are eased.

The Company plans to create a separate holding company, the “BOO HoldCo,” where Leclanché S.A. shall retain a controlling majority stake. The shift to the BOO model underpins long-term profitability for the Company, the shift of the revenue due to technical accounting rules mentioned above shall also move EBITDA positive results to the year 2022. It is important to reiterate that the addition of the BOO model will add profitable growth for 20 years and further strengthen the assets in the balance sheet of the Company and make it less dependent on annual fluctuations of project revenues.

Path to Becoming a Global Market Leader

Anil Srivastava, CEO of Leclanché, said: “We are excited about the comprehensive Industrial Cooperation Agreement signed with Eneris Group. Though the agreements shall be implemented progressively, upon meeting certain conditions, the Company remains confident to successfully implement all the agreements. Nevertheless, the Company has put in place reasonable safeguards to mitigate the risks resulting from any unlikely event of major variations to the agreement. This can truly be a transformational partnership to create a global market leader. We reiterate that the strategic reorganization underway shall:

Set the Company on course to deliver sustainable and profitable growth for years to come;

The new Leclanché shall pivot increasingly towards more software and systems integration using the competitive products manufactured-at-scale in partnership with Eneris Group;

We have secured substantial fresh capital and access to large production capacity with minimal dilution for all shareholders of Leclanché S.A.;

With all of the above, we have increased our ability to serve all our customers better; and win new ones at an accelerated pace to become a market leader.”

About Eneris Group
Eneris Group is a private company dedicated to Innovation protecting the environment: “clean air, soil and water” promoting circular economy, a holistic approach and a vertical integration in the field of waste, water, energy and energy storage. It is primarily operating and developing utilities in Poland and participating in the energy transition, while its cleantech scope is pan-European. Together with its affiliates (Eneris Polbatt, Eneris Batteries & Recycling, etc.), Eneris is implementing a series of ventures and projects focusing on batteries. Its batteries portfolio is supported by European authorities and the Polish government in the framework of the European Battery Alliance and “Important Project for Common European Interest on Batteries” (IPCEI) programs, including strategic projects in terms of R&D and industrialization of the whole value chain inclusive of advanced materials, cells with improved performance and new types of cells, battery pack and module configuration, repurposing and recycling, etc. Eneris’ strategy includes R&D and manufacturing plants in Poland, Germany and France.

About Leclanché
Headquartered in Switzerland, Leclanché SA is a leading provider of high-quality energy storage solutions designed to accelerate our progress towards a clean energy future. Leclanché’s history and heritage is rooted in over 100 years of battery and energy storage innovation and the Company is a trusted provider of energy storage solutions globally. This coupled with the Company’s culture of German engineering and Swiss precision and quality, continues to make Leclanché the partner of choice for both disruptors, established companies and governments who are pioneering positive changes in how energy is produced, distributed and consumed around the world. The energy transition is being driven primarily by changes in the management of our electricity networks and the electrification of transport, and these two end markets form the backbone of our strategy and business model. Leclanché is at the heart of the convergence of the electrification of transport and the changes in the distribution network. Leclanché is the only listed pure play energy storage company in the world, organised along three business units: stationary storage solutions, e-Transport solutions and specialty batteries systems. Leclanché is listed on the Swiss Stock Exchange (SIX: LECN).

SIX Swiss Exchange: ticker symbol LECN | ISIN CH 011 030 311 9

Disclaimer

This press release contains certain forward-looking statements relating to Leclanché’s business, which can be identified by terminology such as “strategic”, “proposes”, “to introduce”, “will”, “planned”, “expected”, “commitment”, “expects”, “set”, “preparing”, “plans”, “estimates”, “aims”, “would”, “potential”, “awaiting”, “estimated”, “proposal”, or similar expressions, or by expressed or implied discussions regarding the ramp up of Leclanché’s production capacity, potential applications for existing products, or regarding potential future revenues from any such products, or potential future sales or earnings of Leclanché or any of its business units. You should not place undue reliance on these statements. Such forward-looking statements reflect the current views of Leclanché regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. There can be no guarantee that Leclanché’s products will achieve any particular revenue levels. Nor can there be any guarantee that Leclanché, or any of the business units, will achieve any particular financial results.

Logo – https://mma.prnewswire.com/media/711940/Leclanche_Logo.jpg

SOURCE Leclanche

Author venredPosted on 2 June, 2020Categories Rose marynews

Posts pagination

Previous page Page 1 … Page 99 Page 100 Page 101 … Page 108 Next page