iQ Power Licensing AG

Successful conclusion of negotiations in South Korea and results of first half year 2015 - Seite 2

New products introduced and increased sales to current and new customers All new tools for production of a full product line of passenger car batteries have now been produced and approved. Several models are already in series production. Testing of the samples for the remaining products are now taking place and all models should be ready for series production in early February.

Many major customers have already placed orders and are anxiously awaiting the shipments. The factory is racing to produce as many batteries as possible before the one week plant shutdown for Lunar New Year in the 2nd week of February.

The expanded model program and the stability of production and delivery are creating increased demand worldwide.

Development work is continuing for improved battery lead plate performance and new types of battery plates for start-stop engines and recreational vehicles. iQ Power Asia is working with many leading European and American chemical companies to find the optimal balance between power output and lifetime capacity for demanding applications.

Cooperation with Discover Energy intensifies IQPLAG and DEC continue to work together to expand sales and increase the capabilities of IQPA. Although there are many customers for IQPA, all sales efforts are coordinated closely with Discover Energy. The aim of this cooperation is to promote the premium value of the mixing technology in the market. Rather than reduce prices to expand sales quickly, a premium price strategy is being implemented. This will be a significant factor in the long-term success of the technology.

Financial Results for the 1 six months of 2015 The total assets of the company were largely unchanged at CHF 5,08 million. The equity as a percent of total assets remained largely unchanged at 45% iQ Power recorded CHF 115k in sales revenue and a loss of CHF minus 1.377k. Both figures were significantly less than the previous period in 2014. The drop in sales and profitability were both due to one time events. The revenues and profitability for the 2nd half are significantly better. Details to the results can be found in the Financial Statements and accompanying Management Report.

Batteries with iQ Power technology are designed to generate better performance in Start-Stop applications and to meet the growing demands of electronic usage in vehicles today. Electrolyte mixing is the first significant innovation to the flooded starter battery in decades. Automatic mixing of electrolyte inside the battery ensures uniform acid density for higher sustained performance throughout the entire life of the battery. This prolongs plate life by eliminating acid stratification and thermal gradients, delivering greater material utilization for a lower cost per cycle over conventional batteries. The patented technology was awarded the coveted Automechanika innovation award 1st prize in 2010.



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emitter: iQ Power Licensing AG address: Metallstrasse 6, 6304 Zug country: Switzerland contact person: Dr. Eva Reuter phone: [phone] e-mail: [e-mail] website: www.iqpower.com

ISIN(s): CH0268536338 (share) stock exchanges: open market in Berlin

[ source: http://www.pressetext.com/news/20160126028 ]