iQ Power Licensing AG

Toyota certifies iQ Power ECO batteries as official replacement product in Kuwait

Business news for the stock market

Zug (pta018/10.08.2016/15:45) - ,

* Sales Kick-off for Al Sayer Group, the exclusive authorized Toyota dealer in Kuwait
* iQ Power ECO is the only non-Toyota brand certified for sale
* Batteries have been sold on test basis for half a year with excellent performance

Zug, Switzerland / Dubai, 10 August 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, reports on a significant sales.

iQ Power announces the certification of their ECO brand batteries with incorporated innovative electrolyte mixing technology from Toyota technical quality control for sale as replacement batteries for Toyota and Lexus vehicles in their service shops in Dubai. Mohammed Naser Al Sayer & Sons Co. W.L.L, a divison of the Al Sayer Group (ASG), will be the key distributor for iQ Power ECO batteries in Kuwait. ASG has service centers in all key locations in Kuwait and also has automotive spare parts stores in major urban areas.

Mohammed Naser Al Sayer & Sons Co. W.L.L, a division of the Al Sayer Group (ASG), is the long-time exclusive certified dealer in Kuwait for Toyota. Toyota is by far the most popular brand in Kuwait and ASG has the most extensive network of showrooms and repair service centers in Kuwait. Currently over 300.000 cars are serviced per year at their service centers with the number of vehicles growing stronly.

Particularly impressive is the fact that iQ Power ECO is the only non-Toyota battery brand sold at the Toyota service centers operated by ASG.

Toyota technicians thoroughly tested the batteries and all standards were met or exceeded by the batteries, which were delivered from the Bangladesh factory. Reports from Quality Control following the initial six months product trial phase were extremely positive.

ASG became attracted to the ECO brand due to their strong environmental protection values. ASG has a team dedicated to continuously improving the company's carbon footprint and use of scarce natural resources. The longer warranty period and increased reliability of batteries using the outstanding iQ Power electrolyte mixing technology fits well in the total commitment to improving the environment. ECO and ECO Premium offer up to 24 months warranty as compared to the usual 12 month warranty for the in-house Toyota brand.

In addition to the environmental advantages, batteries with iQ Power electrolyte mixing technology are especially good for hot weather climates in which the acid stratification accelerates corrosion and sulfation of the lead plates. Batteries with the outstanding iQ Power technology stand out by double cycle life compared with same batteries without the iQ Power technology.

The Al Sayer Group was established in 1954 and has continuously grown and expanded its presence in Kuwait and the surrounding area. ASG has received both the Diamond and Gold Awards for Customer Service from Toyota. These awards are based on Toyota's uncompromising worldwide standards for best-in-class service. ASG has won the Gold Award for 7 years in a row. The service centers are immaculate, well-organized and extremely fast. The service centers are equal to the best service centers found in USA, Japan and Europe in terms of cleanliness, thoroughness and organization.

About the iQ Power Technology
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, 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.

(end)

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/20160810018 ]