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New Battery Technology of iQ Power Licensing AG awarded WINNER of the `Environmental Oscar´

  • 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 Hosenfeldt, 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.

The innovation of iQ Power Licensing of electrolyte mixing in flooded car batteries is characterized by a double product life of starter batteries compared to conventional products and results in a much smaller CO2 footprint (www.iqpower.de/en/content/ecology).

"The new award will definitely give our technology momentum for strong product sales of our licensee partners as well as increased future license sales”, stated Sullivan.

Advantages of the innovation for consumers and the environment
The innovation is based on non-moving (passive) plastic components in the battery, so called passive mixing elements. Coupled with the forces from the vehicle dynamics while driving, these components provide automatic and efficient 360-degree electrolyte circulation and full electrolyte mixing within in the battery. The advantages: No loss of capacity (Ah) of the battery due to harmful acid stratification as usual with ordinary car batteries and thus powerful and steady functioning of the electrochemistry in the battery by a homogeneous electrolyte. The benefits: minimal costs and maximum advantages for consumers and the environment such as double service life, high reliability and much less CO2 emissions as well as less lead in the total raw material cycle over time (www.iqpower.com/en/content/technology).

The GreenTec Awards are the most important environmental awards. The prestigious prize is given annually to outstanding innovations in the field of environmental protection and sustainability in over ten different categories.

Well-established media partners support the GreenTec Awards in providing a platform for green technologies and thus attract maximal public attention. The final award ceremony with a stunning gala will take place on 12 May 2017 in Berlin with some 600 guests from the worlds of business, politics, show biz and the press. This year´s partner country is Canada.
 

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.

 

Caption:
In a pre-ceremony the GreenTec Winner Award Mobility 2017 was presented to Charles Robert Sullivan (middle) and Steffen Tschirch (m. right) of iQ Power Licensing AG by Matthias Krähling (right) and Prof. Dr. Tim Hosenfeldt (m.left) together with Sven Krüger (left) in Berlin´s Factory, a community of innovators. The innovative technology is applied, among others, in MIXTECH car batteries of Discover Battery. A glamorous gala for all winners of the eleven different categories of the award will follow on May 12 in Berlin.

Discover Energy Group increases share in iQ Power Licensing AG

  • The Discover Energy Group executes mandatory convertible bond of EUR 2.56 million in iQ Power Licensing AG
  • Discover Energy Group (DEG) converts the approved and reported mandatory convertible bond in the amount of EUR 2.56 million including interest on April 30, 2017.
  • Growing commitment of the Discover Energy Group increases their stake in iQ Power Licensing AG (IQPLAG) from around 7 percent to 18.5 percent
  • The increased shares owned by DEG also strengthens the equity base of IQPLAG

 

Zug, Switzerland, 07 April 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 a substantial strong commitment from its strategic partner Discover Energy towards iQ Power Licensing AG.

The Discover Energy Group (DEG), as a strategic partner and investor in iQ Power Licensing AG, has subscribed a mandatory convertible bond in the amount of EUR 2,552,500 approved and reported by the Board of Directors of iQ Power Licensing AG (IQPLAG) in mid-January this year. The subscription reiterates the strong commitment of the Discover Energy Group to iQ Power Licensing AG. As agreed, DEC will convert the subscribed bond on 30 April 2017. At the same time, the share of DEG in iQ Power Licensing AG increases from just under 7 percent to 18.5 percent.

In mid-January this year iQ Power Licensing AG reported on the application of the Discover Energy Group to the convertible bond as well as its approval by the Board of Directors. The terms are identical to those of the existing convertible bond with a conversion price of EUR 0.06 per share.

By subscribing the bond and its subsequent conversion, the Discover Energy Group not only significantly strengthens its commitment in iQ Power Licensing AG but at the same time enforces the equity base of the Swiss company.

Bob Sullivan, CEO of iQ Power Licensing AG, welcomes the increased commitment of the Discover Energy Group as a strategic partner. At the same time, Sullivan stressed that any other capital increase in 2017 is not planned.

 

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

CEO purchases further Convertible Bonds

  • CEO purchases further € 50'000 of Convertible Bonds
  • The CEO has recently acquired bonds worth a total of € 200'000
  • Purchase underscores the confidence of the overall positive developments

Zug, Switzerland, 04 April 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 that the CEO of iQ Power Licensing, Bob Sullivan, has purchased more convertible bonds of the company from a private investor. CEO Sullivan purchased bonds of iQ Power Licensing AG worth € 50'000 at a premium to nominal value. As a result, the CEO has recently acquired bonds worth a total of € 200'000. As a result of this purchase Bob Sullivan underscores again his confidence of the overall positive developments of iQ Power Licensing.

Report on New Events at Licensee iQ Power Asia

  • 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

Over 20 more countries award iQ Power patent for its technology of passive electrolyte mixing in flooded automotive batteries

  • Patent protection rights for the new generation IQP-2.0 in important EU countries
  • Additional protection also in USA and Canada

Zug, Switzerland, 08 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 the granting of patents for the company`s technology of passive electrolyte mixing in flooded automotive batteries in more than 20 other countries. The patents primarily concern the new generation IQP-2.0, which is based on the predecessor version IQP-1.

The newly issued IQP 2.0 patents are granted to 18 European countries, including major markets such as Germany, France, the UK, Italy, Spain and Turkey.

Furthermore, iQ Power Licensing AG has been granted additional new patent protection rights for its predecessor iQP-1.X in the states of Canada, USA and Germany as a supplement to the existing protective rights.

The additional patents granted to the patents already granted in these countries of the predecessor version IQP-1 strengthen the patent protection and the patent arsenal of the company.

 

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.