iQ Power Licensing AG

New Battery Technology is WINNER of the `Environmental Oscar´

Business news for the stock market

Zug (pta022/13.04.2017/11:00) - ,

* German Association of the Automotive Industry VDA hands over the winner's certificate for the GreenTec Awards 2017 to iQ Power Licensing AG in the category 'Mobility by Schaeffler ` .
* The GreenTec Awards is the most regarded prize for innovations in the field of environmental protection and sustainability.
* Innovation of passive electrolyte mixing in car batteries with great advantages for consumers and the environment.
* Double service life and lower CO2 footprint.

Zug, Switzerland, 13 April 2017 - The winner of the GreenTec Awards 2017 is 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. The company is this year´s winner in the category 'Mobility by Schaeffler'. Sponsorship for the category 'Mobility by Schaeffler' lies with the German Association of the Automotive Industry VDA.

"We are excited about this outstanding award," commented Bob Sullivan, CEO of iQ Power Licensing AG. "The coveted prize of the GreenTec Awards is like a Grammy or Oscar for environmental protection and sustainability," emphasized Sullivan the importance of the award which was handed out to the Company in Berlin yesterday.

This award is highly valuable, as the winner was chosen by a Jury of industry and environmental experts and is based on sound ecological and economical principles. This new award is the 3rd award for the technology following the first prize of the conveted ` Automechanika Innovation Award´ of experts as well as a first prize of the general public of the German TV program ´Simply Brilliant´.

The award was presented yesterday in Berlin to the CEO of iQ Power Licensing AG, Charles Robert Sullivan, by Matthias Krähling, Senior Manager at the German Association of the Automotive Industry VDA together with Prof. Dr. Tim Hosenfeld, Head of Central Innovation at the automotive supplier group Schaeffler AG and his colleague Hans-Christian Maass, as well as Sven Krüger, co-founder of the GreenTec Awards.

In his laudation, Matthias Krähling of the VDA emphasized the high efficiency and benefit of the technology on product life and cycle numbers of starter batteries, while simultaneously applies a brilliant simple technical principle.

The decision of the jury confirms the significant advantages of the iQ Power innovation for the automotive market and the automotive industry, whose efforts are to use technologies with high user advantages, cost savings and less CO2 emissions as well as advantages in sustainability.