Published: 2 Jun 2020, 15:28
Leclanch is undergoing a strategic reorganisation of the company and said it has secured funding for its manufacturing and R&D activities while also announcing a pivot towards becoming a green tech software and systems integration company.
After first revealing that the reorganisation would be forthcoming in September of last year, the Switzerland-headquartered battery and battery storage systems manufacturer said in a letter to shareholders dated yesterday (1 June 2020) that further restructuring steps are required to overcome the current balance sheet situation. The company had announced fresh funding in February of this year that it said would enable it to treble its cell manufacturing capacity….
Read the full article at: https://www.energy-storage.news/news/leclanche-requires-restructuring-to-overcome-balance-sheet-situation-and-pi