iQ Power Licensing AG

Report on New Events at Licensee iQ Power Asia

Business news for the stock market

Zug (pta037/30.03.2017/17:50) - ,

* New machinery installed at Korean factory to further improve quality of plate manufacturing for future requirements
* Increase of output capacity at Korean Licensee
* Super Heavy Duty Large Truck batteries with iQ technology to be introduced in Q3, 2017

Zug, Switzerland, 30 March 2017 - 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 new developments at its South Korean Licensee iQ Power Asia.

In March a new pasting machine made in the USA by world's the leading supplier of battery equipment, Wirtz USA, was successfully installed at the Korean facility. Discover Energy provided the funds for the new machine, underscoring their commitment to increase productivity, quality and capacity at the Korean factory.

Through this investment as well as other measures the output capacity of the licensee factory of iQ Power Asia achieves a further substantially increase. Following investments in the assembly area, the increase in capacity will make a significant contribution not only to shortening lead-times and increasing customer satisfaction, but will also contribute to making the South Korean factory economically stronger.

The further measures include activities which will allow the manufacture of high capacity super heavy duty truck batteries. The first super heavy duty truck batteries with iQ technology will be introduced in Q3 this year.

Using the iQ Power technology for heavy duty batteries with high capacity has long been a goal of iQ Power Licensing. Due to intensive use, heavy duty truck batteries have much shorter lifetimes than car batteries. The large batteries are a multiple times more expensive than car batteries and the cost of sudden battery failure is much higher. Therefore, the life-extending iQ Power technology is a perfect solution for this market.

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. - 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/20170330037 ]