Leclanché and Pinnacle International Capital Update on Strategic Partnership

Leclanché SA, a leader in energy storage solutions, provided an update on its ongoing due diligence process with Pinnacle International Capital. The financial, technical, and legal evaluations are progressing efficiently. This demonstrates Pinnacle's commitment to assessing Leclanché’s operations thoroughly. Both teams are collaborating robustly, reflecting shared confidence in the market position and a strong partnership.

Pinnacle aims to expand Leclanché's presence in key sectors such as rail, marine, heavy-duty, specialty, and stationary businesses. This partnership seeks to unlock technological advancements and enhance Leclanché’s role in the energy transition. The proposed venture plans to establish new facilities in Europe and the Middle East, boosting production capacity.

Pierre Blanc, CEO of Leclanché, highlighted the strategic alignment with Pinnacle, emphasizing the potential for accelerated growth and value creation. The partnership, once finalized, will fund Leclanché’s business plan and expand operations, providing a substantial capital injection to solidify its financial foundation.

Leclanché and Pinnacle will establish a joint venture company funded by Pinnacle for up to CHF 360 million, with Leclanché holding a 50% stake. This collaboration could also lead to strategic licensing opportunities, enhancing Leclanché's credibility as a global technology leader. Both parties remain committed to providing timely updates and creating long-term value for all stakeholders.