DGAP-News First Batteries in Asian Standard with iQ Power Technology arrive in Europe
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DGAP-News: iQ Power AG / Key word(s): Miscellaneous
First Batteries in Asian Standard with iQ Power Technology arrive in
Europe
23.01.2012 / 16:00
First Batteries in Asian Standard with iQ Power Technology arrive in Europe
- 16 Containers with over 18.000 batteries delivered
- Next shipment to Europe is prepared and ready for shipment
- Marketing offensive centered around JIS battery types already started
- First batteries already sold to European customers
Zug/Switzerland, 23 January 2011 - iQ Power AG (ISIN: CH0020609688, WKN:
A0DQVL, Symbol: IQPB), the developer and marketer of eco-friendly and
technologically advanced starter batteries for motor vehicles, has received
the first ECO JIS battery shipment from iQ Power Asia Inc.
iQ Power Asia Inc. in Seoul, South Korea has sent around 18,000 JIS
(Japanese Industrial Standard) batteries containing iQ Power technology to
iQ Power AG in Europe. This shipment represents the start of regular
deliveries from Korea to Europe. JIS batteries have a market share of about
12% in Europe, a figure that is trending upwards. The selling of Asian
battery sizes is expected to increase the sales volume primarily in
countries such as the United Kingdom and Ireland, as well as in Eastern
Europe, where Japanese and Korean vehicle models are extremely popular.
A marketing offensive by iQ Power GmbH centered around JIS battery types
has already been started this month. The first customer orders have already
been received and first shipments will occur by month´s end. As part of the
sales offensive, major customer of JIS type batteries from England will be
visiting the plant in Slovenia in February and is expected to sign a
purchase order for deliveries of JIS ECO and other batteries.
The CEO
About iQ POWER
iQ Power AG is a developer and supplier of innovative starter batteries for
motor vehicles. The products are technologically advanced, deliver greater
efficiency, and are environmentally sound and lighter in weight. The
company´s many achievements include the development of the world´s first
software-controlled smart car battery. Industrial batteries and system
solutions for electrical energy management in vehicles help round out its
operational portfolio.
The company´s operational element is iQ Power GmbH in Chemnitz (Germany),
which is a wholly owned subsidiary of iQ Power AG. Headquartered in Zug
(Switzerland), iQ Power AG is a publicly listed stock corporation whose
shares are traded on the regulated market (General Standard segment) of the
Frankfurt Stock Exchange, over the counter on the securities exchanges in
Berlin, Düsseldorf, Munich and Stuttgart, as well as on Xetra (ISIN:
CH0020609688, WKN: A0DQVL, IQPB).
Company Contact:
iQ Power AG
Metallstrasse 9
6304 Zug
Schweiz
Tel.: +41(0) 41 768 03 63
Fax: +41(0) 41 768 03 68
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
23.01.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory 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 9
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
153667 23.01.2012
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