Mediaboss Marketing

Press Release

Leclanch SA announces new appointment and reports supplier objection

Yverdon-les-Bains, Switzerland, September 25, 2013 - Leclanch S.A. (SIX Swiss Exchange: LECN), announced today that it has appointed Mr Thierry Perronnet to head up its Distribution Business and provided supplementary information on a supply contract.

New Appointment

Leclanch specializes in the production of large-format lithium-ion cells and energy storage solutions but also operates two existing businesses, the Portable business and the Distribution business. Mr Perronnet's appointment is in line with Leclanch's strategy to develop and grow these two existing businesses.

The Portable business, which designs and develops customer specific portable energy storage systems for military, medical and industrial applications, achieved unaudited revenues of CHF 5.0 million for the 6 months ending 30 June 2013. During the same period, unaudited revenues for the Distribution business were CHF1.6million. This business unit provides a range of consumer energy storage products to a diversified customer base.

Mr Perronnet, a French national, has a strong background in consumer goods and technological Business to Business ('B2B') markets and has held various senior positions in sales and marketing in Europe and North America. Until recently, he was a B2B Marketing Director with Eastman Kodak for the EMEA region. Prior to that he successfully developed a Business to Customer ('B2C') business in data storage and photographic products that was spun off from 3M, for whom he had previously worked in Europe and North America.

Supplier Objection

In its recent listing prospectus Leclanch noted that it had terminated a supplier contract due to quality and contamination issues with the raw material delivered by this supplier. The company had noted, at the time, that the supplier had not responded to its termination. The supplier has rejected Leclanch's position but Leclanch strongly maintains its initial position to terminate the supply agreement and will take the appropriate action as necessary.

About Leclanch

Here is the original post:
DGAP-Adhoc: Leclanché SA announces new appointment and reports supplier objection