iQ Power Licensing AG

Annual Results 2017 published - Seite 3

The factory in South Korea will continue to dominate income for the first half of 2018. Following the full implementation of the projected new assembly line in 2018, the sales volume is set to increase and provide stable cash flow to iQ Power Licensing.

The newly created business division for consulting services for consulting and implementation of new battery factories and production facilities will contribute to income in the second half of 2018. Negotiations for a first customer from the Middle East have been recently concluded, as announced separately, and the customer is now waiting for final approval of the expected financing of the new plant by the central authorities, which is assured but takes time in such countries.

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. It is the first significant innovation to the flooded starter battery in decades. Automatic mixing of electrolyte inside the battery by passive mixing elements ensures uniform acid density for higher sustained performance throughout the entire life of the battery, thus avoiding early loss of capacity (Ah) as usual with ordinary batteries. 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 and und became a first prize winner of the GreenTec Awards in 2017. - More under: www.iqpower.com/en

(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/20180512001 ]