iQ Power Licensing AG

iQ Power progress report on sales and production capacity

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Zug (pta023/13.06.2016/14:50) - ,

iQ Power progress report on sales and production capacity

* First mixing batteries sent to Discover Energy's German and Italian sales partners.
* Batteries with iQ Power technology to be showcased at major Frankfurt Trade Fair Automechanika in September this year.
* North American order increase following sales partners' meeting with Discover Energy in Canada.
* New sales partners in Bahrain and Dominican Republic.
* Investments approved for capacity expansion in South Korean factory.

Zug, Switzerland 13 June 2016 - iQ Power Licensing AG (ISIN: CH0268536338; WKN/Security Number: A14M1C; Symbol: IQL) a developer and marketer of technologies for environmentally friendly and technologically innovative starter batteries for motor vehicles and licenses in these technologies, announces further progress in sales and marketing for the batteries produced by the key licensee, iQ Power Asia.

Europe
Following the completion of the passenger car product program, the first batteries with iQ Power mixing technology have just been shipped to Discover Energy´s German sales partner, AIM Batterie Vertriebs GmbH in Fürth. AIM is a major battery distributor in the German market and beyond. Although the AIM Group, with the brand Triathlon, is best known for the industrial battery market, they use their large distribution network also to distribute car batteries. The active marketing phase will commence in the late summer/early fall. In addition, the first shipment to Discover's sales partner in Italy is scheduled to ship this month. These shipments mark the start of a major product launch for Discover Energy´s "Mixtech" brand in Europe. Discover Energy Corporation from Vancouver, Canada, is the key strategic partner of iQ Power Licensing AG.

In order to support the launch in Europe of the Mixtech brand using iQ Power technology, Discover Energy and IQ Power Licensing AG will showcase batteries and mixing technology at the prestigious Automechanika Frankfurt Trade Fair to be held from September 13 to September 17. The Automechanika is the largest trade fair for auto parts in the world and attracts visitors from all continents.

Other regions
Order volumes have increased markedly following a strategy meeting of Discover's key sales partners, in which Bob Sullivan, CEO of iQ Power Licensing AG, made a presentation and answered questions about the iQ Power technology and the progress at the factory of iQ Power Asia, Korea. The Discover Energy Factory Warehouses and distribution partners represented many different regions and are among the largest battery distributors in North and South America.