iQ Power Licensing AG

Changes required for Agenda of the Annual Shareholders´ Meeting on September 28, 2018 in Zug - Seite 3

The expansion plans are the same as previously planned and announced at the extraordinary shareholders´ meeting on April 27th. Additionally there will be an aggressive battery factory expansion program centered on the concept "Battery Factory of the Future" (BFF) of iQ Power for battery manufacturers and battery plants worldwide. The major item for the short-term future within this concept will be the purchase of majority interest in a small but modern and efficient European battery factory with good track record and positive balance sheet, which will showcase the next generation equipment and manufacturing methods of the BFF concept. Further expansions are in the planning phase.

Assuming approval of the agenda on September 28th, the amalgamation with Engenavis and the financing will be executed. Shareholders of IQPL stock who signed share exchange agreements in late April, will be notified of cancellation shortly following the upcoming ordinary shareholders' meeting.

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

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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/20180926046 ]