iQ Power AG
iQ Power starts Sales of 2nd Generation Passive Mixing Parts, iQ2
iQ Power AG / Key word(s): Miscellaneous iQ Power starts Sales of 2nd Generation Passive Mixing Parts, iQ2 – First Delivery of 25.000 Battery sets to Discover Energy International – Continuous expansion of order volume expected – Production of batteries by Licensee expected shortly – Significant Sales Volume expected in 2014 Zug/Switzerland, 31 January 2014 – iQ Power AG (ISIN: CH0020609688, German Securities Code Number (WKN): A0DQVL; ISIN: CH0199540599, German Securities Code Number (WKN): A1J7TW), a developer and marketer of technologies for environmentally friendly and technologically leading starter batteries for motor vehicles and licences in these technologies, announces the start of sales of 2nd Generation Passive Mixing Parts, iQ2. iQ Power confirms the delivery of Passive Mixing Parts for approximately 25,000 battery sets to the Licensee and strategic Partner, Discover Energy International (Hong Kong), as was anticipated in the last ad hoc report. Successive orders are anticipated for the coming months ahead with increasing volumes. The production of batteries from the subcontractor of Discover Energy International will begin around the beginning of March. From that point forward, they will be able to fill orders on a continual basis. The production and distribution of the Passive Mixing Parts is an important component of the long-term strategy of iQ Power. By supplying parts on as needed basis, the financial barrier of capital investment for Licensees is eliminated. Through the distribution of the Passive Mixing Parts, iQ Power gains an additional revenue channel, while at the same time, increasing visibility into the exact product requirements of Licensees. CEO, Bob Sullivan stated, ‘The current development is an important step in the right direction and proves out our strategy to concentrate on licensing the technology. For 2014, we expect significant sales volumes.’ About 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 31.01.2014 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. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | iQ Power AG | |
Metallstrasse 6 | ||
6304 Zug | ||
Switzerland | ||
Phone: | +41 41 7680360 | |
Fax: | +41 41 768 03 68 | |
E-mail: | investor-relations@iqpower.com | |
Internet: | www.iqpower.com | |
ISIN: | CH0020609688 | |
WKN: | A0DQVL | |
Listed: | Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart | |
End of News | DGAP News-Service |
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