iQ Power AG

  • WKN: A14M1C
  • ISIN: CH0268536338
  • Land: Switzerland

Nachricht vom 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


iQ Power AG / Key word(s): Miscellaneous

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).




Contact:
Company Contact:
iQ Power AG
Metallstrasse 6
6304 Zug
Schweiz
info@iqpower.com
www.iqpower.com

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
iQPower@gfei.de
www.gfei.de


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.

DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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