LION Smart GmbH - Company Blog - LION Smart concludes second private placement and welcomes new advisory board members

LION Smart concludes second private placement and welcomes new advisory board members

Monday, December 14, 2009

MUNICH, Germany - LION Smart GmbH ("LION Smart" or the "Company"), tester and developer of lithium-ion batteries for industrial applications, has successfully concluded its second private placement and expects closing in early 2010. Next to the founders, several private investors participated in this equity financing.

The company also welcomes Prof. Dr. habil. Martin Leucker and Dr. Martin Sachenbacher from the Technical University of Munich (TUM) as new advisory board members. They will work with LION Smart in the fields of battery modeling and software architecture.

Mr. Leucker and Mr. Sachenbacher have established the field of energy informatics at TUM, which focuses on the application of methods developed in computer science to model and reason about energy aspects of systems, especially in the area of electric vehicles.

Mr. Leucker is currently a professor at TUM in the field of computer science and the author of more than 70 reviewed conference and journal papers. Mr. Sachenbacher heads the Emmy Noether junior research group "Constraint-based Models and Algorithms for Self-Diagnosis and Planning" at the department of computer science at TUM.

Both are currently involved in the project eE-Tour Allgäu, a larger German project to optimize the usage of electric vehicles in rural areas.

About LION Smart

LION Smart is an engineering service company for original equipment manufacturers (OEMs) and for suppliers to the automotive industry and beyond. A spin-off of TUM, the company operates testing facilities and laboratories for electric storage devices. LION Smart also offers advisory services in lithium-ion storage technology and is doing promising research in this field.

Contact information

Europe

Daniel Quinger

Office: + 49 (0) 8152 937 0024

Cell: + 49 (0) 173 362 2204

Email: daniel.quinger@lionsmart.com

Internet: www.lionsmart.de

 

North America

Harald Seemann

Office: + 1 416 546 0896

Cell: + 1 416 879 1989

Email: harald.seemann@lionsmart.com

Internet: www.lionsmart.com

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