LION E-Mobility AG announces pending patent for novel battery safety component
LION Smart GmbH, a subsidiary of LION E-Mobility, has recently filed a patent for an electric vehicle contactor under the title "electric contactor for an energy storage of electric vehicles" at the German Patent and Trademark Office in Munich. Contactors and battery management systems are indispensable safety-relevant components of all modern battery systems. With its novel contactor, LION E-Mobility has put a product in motion that significantly excels today's state-of-the-art technology.
Through its innovative concept LION Smart's contactor provides a reliable, space saving and cost-efficient alternative to modern contactor concepts. The construction is inure to vibrations or impacts and guarantees a secure disconnection of the power source even in case of strong deformation, e.g. in an accident. Therefore LION Smart's contactor can significantly increase the safety of electric vehicles in road traffic. With this new product LION E-Mobility rounds off its portfolio in the segment of battery safety components and consolidates its position within the supplying industry for electric vehicles.
About LION E-Mobility AG
LION E-Mobility (WKN: A1JG3H, Ticker: LMI, Reuters: LMIG.MU) is a Swiss holding company with strategic investments in the e-mobility sector, especially electrical energy storage (EES) and battery technology. The corporation holds 100% of the German company LION Smart GmbH, an engineering service provider focused on battery systems design and development of an advanced Battery Management System. LION Smart GmbH holds a significant share in TÜV SÜD Battery Testing GmbH, a joint-venture with TÜV SÜD AG. The LION E-Mobility AG board of directors consists of the chairman of the board, Mr. Dipl.-Ing. Daniel Quinger, and Mrs. Dr. Isolde Semm, Mr. Dipl.-Ing. Tobias Mayer, and Mr. Dipl.-Ing. (FH) Martin Specht. The management of LION Smart GmbH consists of Dipl.-Ing. Tobias Mayer and Mr. Walter Wimmer. The General Manager of TÜV SÜD Battery Testing GmbH is Mr. Dipl.-Wi.-Ing. (FH) Johannes Brey. For further information please visit the LION E-Mobility AG website: www.lionemobility.de
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.Back