iQ Power AG

DGAP-Adhoc: iQ Power AG: iQ Power and Leading Battery Manufacturer Moura Sign Long-Term License Contract

iQ Power AG  / Key word(s): Contract

02.07.2014 14:34

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


iQ Power and Leading Battery Manufacturer Moura Sign  Long-Term License

  - Long-term License Agreement with largest battery manufacturer in South
    America following pre-agreement.

  - Exclusivity for South America and Caribbean

  - New type of Enhanced Flooded Battery (EFB) with iQ Power Mixing
    Technology for OEM start-stop batteries

  - Applications also possible for heavy duty commercial and truck market

  - Upfront Royalty to be paid

Zug/Switzerland, 02 July 2014  -  iQ Power AG (ISIN: CH0020609688, German
Securities Code Number (WKN): A0DQVL / Symbol: IQPB, ISIN: CH0199540599 /
German Securities Code Number (WKN): A1J7TW), a developer and marketer of
technologies for environmentally friendly and technologically innovative
starter batteries for motor vehicles and licences in these technologies,
announces the signing of a long-term license agreement with Acumuladores
Moura S.A., Belo Jardim, Brazil.

The license agreement secures Moura the exclusivity with the patented iQ
Power electrolyte mixing technology for lead-acid batteries produced in
South America and the Caribbean. The agreement followed a two year
development under a preliminary agreement between the two companies.

Moura will pay an upfront royalty plus a license fee per battery. Strict
confidentiality was contractually agreed as to the amount of upfront
royalty and license fee per battery. The amount of royalties paid per
battery per the contract assures that there will be no competitive
disadvantage to other licensees.

The goal of Moura is to develop a superior flooded lead-acid battery (EFB)
for sale to OEMs for the new generation of Start-Stop engines
(micro-hybird), which will be required to meet new environmental standards
enacted by the Brazilian government. The passive mixing device will aid the
already high-quality EFB developed by Moura to achieve longer life and
better cycle times. The EFB with iQP technology will be on competition with
the more expensive and temperature-sensitive AGM Batteries now used by OEMs
for Start-Stop engines. Beyond this application, Moura will test the iQP
technology for use in heavy duty commercial applications, where cycle time
is a critical factor. In addition, following OEM use, the batteries will be
sold to dealers as original equipment spares (OES).

The privately held company Acumuladores Moura S.A. is the largest battery
manufacturer in South America, with several large battery factories in
Brazil and Argentina and producing over 6,5 million batteries per year.
Moura has more than seventy commercial distribution centers and is the
largest supplier to OEMs in South America, with a market share of 50% or
more. Customers of Moura include the world's biggest auto manufacturers
such as GM, Volkswagen, Ford, Iveco, and FIAT-Chrysler among others. The
company has won many excellence awards and produces all types of batteries
including marine, UPS, motive power and solar applications.

Bob Sullivan, CEO stated, "The agreement is significant due to the fact
that Moura will achieve a sustainable long-term competitive advantage for
the micro-hydrid engines through having the only complete circulation
mixing technology available anywhere in the world. These batteries will be
the product of choice for the majority of micro-hybrids, which will be the
dominant engine type for passenger cars in the coming years. The
homologation in South America will set a standard allowing for quick
acceptance by all manufacturers worldwide."

The passive mixing elements allow for a homologous electrolyte mixture in
the battery at all times. Batteries without such a device experience
stratification, i.e., heavier acid separates itself from the water over
time at the bottom of the battery case. This results in sulfation and
increases the internal resistance to re-charging. These conditions are a
primary reason for battery failure. The use of passive, non-moving,
inexpensive plastic parts is a low cost and highly effective way to prolong
the life and speed re-charging of the battery.

The new generation mixing device iQP-2 is universally applicable to all
passenger car and heavy-duty commercial batteries and requires no
investment or changes to the production on the part of the battery
factories. iQ Power owns all tooling necessary and can deliver the parts on
a piece-by-piece basis to all licensees. The patent for the device iQP-2
has received complete preliminary approval from the European Patent Office
and will be nationalized worldwide over the coming months.

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

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 (common shares,   ISIN: CH0020609688, WKN: A0DQVL, IQPB) are
traded on the regulated market (General Standard) of the German Stock
Exchange in Frankfurt, as well as on the stock exchanges in Berlin,
Düsseldorf, Stuttgart and Munich. The new voting and preferred shares
(ISIN: CH0199540599, WKN: A1J7TW) of the company are listed on the OTC
market of the Berlin Stock Exchange as of June 30, 2014.

Company Contact:
iQ Power AG
Metallstrasse 6
6304 Zug

Investor Relations Contact:
Dr. Reuter Investor Relations
Dr. Eva Reuter
Mendelstrasse 11
D-48149 Münster
Tel: +49 (0) 251 980 1560
Fax: +49 (0) 251 980 1569


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 Announcement                             DGAP News-Service



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