LION E-MOBILITY AG
DGAP-News: LION E-Mobility AG / Key word(s): Investment/Alliance Inboard Technology produces electric skateboards in Santa Cruz, California. The company established itself as one of the market leaders in the quickly growing Rideables market, due to the high quality of its first product, the electric skateboard Inboard M1, as well as due to its global sales network. Further increasing demand for electric skateboards motivates the start-up company to extend its product portfolio and to further develop the Inboard M1. The initial LION E-Mobility investment has significantly increased its value within less than half a year. This success opens up new opportunities to LION E-Mobility to cooperate strategically and to participate. LION E-Mobility invests again $500.000 as part of a total capital increase of $8 million. LION Smart is already involved in the next product development process. It is considered a long-term partner for development and production. About Inboard: The company's flagship product is the Inboard M1 premium electric skateboard, which offers unlimited range with the category's only swappable battery. The M1's sleek design, and powerful, rugged, dual in-wheel motors meet consumer demands for performance, reliability, and style. The M1 is also the only electric skateboard that improves over time with regular firmware updates. The most recent update delivered 40% more torque, meaning faster off the line performance and dramatically better hill climbing ability. The partnership with Best Buy sees the Inboard M1 joining a growing category of personal electric Rideables at over 200 Best Buy locations as well as online at BestBuy.com. The Inboard M1 is available at inboardtechnology.com, Amazon.com, more than 200 Best Buy stores across the United States and from specialty retailers in the US, Canada and Europe. "As the adoption of personal electric Rideables become an integral part of the urban transportation landscape, Inboard Technology is ideally positioned to capture this huge opportunity," said Kobie Fuller, General Partner at Upfront Ventures. "This team has shown how to innovate around brand, product and service, to deliver outstanding products that appeal to a rising generation of urban travelers." 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
Email: ir@lionemobility.de http://www.lionemobility.de
LION E-Mobility AG Lindenstrasse 16 6340 Baar Switzerland
16.11.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | LION E-Mobility AG |
| Lindenstraße 16 | |
| 6340 Baar | |
| 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 Frankfurt, Hamburg, Munich (m:access) |
| End of News | DGAP News Service |
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