iQ Power AG

DGAP-News: iQ Power: Start of Series Production of iQ Power Technology Batteries for Discover Energy International
New Patent Granted in USA

DGAP-News: iQ Power AG / Key word(s): Miscellaneous
iQ Power: Start of Series Production of iQ Power Technology Batteries
for Discover Energy International / New Patent Granted in USA

25.03.2014 / 12:30


iQ Power: Start of Series Production of iQ Power Technology Batteries for
Discover Energy International / New Patent Granted in USA

  - Start of series production with the new generation iQP-2 electrolyte
    mixing parts in supplier factory of Discover Energy International

  - Deliveries to customers to follow shortly

  - Important patent granted in USA

Zug/Switzerland, 25 March 2014  -  iQ Power AG (ISIN: CH0020609688, WKN:
A0DQVL, Symbol: IQPB), a developer and marketer of technologies for
environmentally friendly and technologically leading starter batteries for
motor vehicles and licences in these technologies, announces the successful
start of series production (SOP) of batteries equipped with the new
generation of iQP-2 passive electrolyte mixing elements. The production is
taking place in one of the important Asian supply factories of Discover
Energy International, Hong Kong, which is the most important worldwide
active Sales and License partner of iQ Power.

The current series production resulted from many optimization stages,
including pilot production. Engineers from iQ Power accompanied the start
of production and were impressed with the quality and performance of the
batteries produced. Discover Energy has stationed a permanent production
expert in the factory to oversee quality and logistics.

The batteries produced contain the internationally patented passive
electrolyte mixing elements, which provide an effective and inexpensive way
to greatly increase the lifetime, reliability, and cycle-time of flooded
lead-acid starter batteries. The passive electrolyte mixing elements are
located internally in the batteries and require no adjustments to the
internal design of the batteries or the external dimensions, nor do they
affect the electrical function of the battery. The new generation of parts
is universally applicable to all flooded lead-acid starter batteries. The
plastic parts are produced under contract for iQ Power, who can sell the
parts on an as needed basis, thereby avoiding the necessity of investment
by the producing battery factory.

USA grants to iQ Power another patent for the important US market

Another milestone of the "patent pipeline strategy" was reached as the US
patent office approved another patent for the passive electrolyte mixing
element technology of iQ Power. The new patent results from the continual
design improvement process, in which each new patent builds on the previous
achievements and extends the period of time for patent protection for 20
years with each new patent. iQ Power has patents and patent applications in
all important markets and many developing countries.

About iQ POWER

iQ Power develops and markets technologies for new types of starter
battery. At the heart of this technology are the world's first starter
batteries to feature more efficient automated electrolyte mixing with
passive elements - a patent of iQ Power.

For iQ Power's licensees, the new generation of starter batteries offers
significant advantages in terms of increased customer benefit, higher
product reliability and life cycle stability, a longer useful life and
improved environmental and resource protection. In 2010, this ecological
innovation won iQ Power the prestigious Automechanika Innovation Award for
outstanding product innovation.

As a stock corporation, iQ POWER AG is a listed company. The company's
securities are traded on the regulated market (General Standard) of the
German Stock Exchange in Frankfurt, over the counter on the stock exchanges
in Berlin, Düsseldorf, Munich and Stuttgart as well as via XETRA (ISIN:
CH0020609688, German Securities Code Number (WKN): A0DQVL, IQPB).

Company Contact:
iQ Power AG
Metallstrasse 6
6304 Zug

Investor Relations Contact:
GFEI Aktiengesellschaft
Am Hauptbahnhof 6
60329 Frankfurt am Main
Tel.: +49 (0)69 - 74 30 37 00
Fax: +49 (0)69 - 74 30 37 22

End of Corporate News


25.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Language:    English
Company:     iQ Power AG
             Metallstrasse 6
             6304 Zug
Phone:       +41 41 7680360
Fax:         +41 41 768 03 68
ISIN:        CH0020609688
WKN:         A0DQVL
Listed:      Regulierter Markt in Frankfurt (General Standard);
             Freiverkehr in Berlin, Düsseldorf, München, Stuttgart

End of News    DGAP News-Service
259419 25.03.2014

Weitere Meldungen: iQ Power AG

Das könnte Sie auch interessieren: