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South Korean licensee Discover Mixtech Manufacturing continues rapid progress

  • Continuous capacity expansion
  • Second production line underway
  • New dedicated ‘Mixtech’ product website
  • Expanded product line-up from Discover

Zug, Switzerland, 08 November 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 an important development of interest to investors.

Discover Energy as a strategic partner to iQ Power Licensing is building up the capacity of the production facilities in the South Korean factory, which is to be re-named into Discover Mixtech Manufacturing Corp. (DMC) as announced recently. Mixtech batteries of Discover Energy are now available on four continents and with a growing number of distribution partners such as Canadian Energy, Northeast Battery, Continental Batteries, Enertec Batteries or Northern Battery, to name some of them. In addition, also the most advanced Mixtech EGM (Enhanced Glass Material) automotive batteries are now selling in the North American market.

While all equipment for a second production line has been ordered and will be installed and put into production service within the next six months the first equipment for the continuous capacity expansion has already been installed such as further plate stacking equipment or expanded formation capacity facilities. Although exact figures are not released, Discover plans to increase the production capacity of the South Korean licensee Discover Mixtech Manufacturing Corp. by at least tripling the production output over the foreseeable future.

Simultaneously to the ongoing production increase a strong marketing support has been set up.  Discover Energy has launched a new dedicated ‘Mixtech’ product website under the name ‘Discover Mixtech’ (www.discovermixtech.com) in order to support the marketing, branding and sales of the new automotive Mixtech batteries with their innovative electrolyte mixing technology of iQ Power Licensing inside.

Interested parties such as distributors, dealers, fleet owners and end users can now see the entire panorama of products available using the awarded innovative Mixtech battery technology that stands for longer cycle life, stop-start capability, less total cost of ownership and higher reliability. Different Mixtech batteries especially for hot climates or applications such as cars, trucks, busses, courier services, taxi cabs or marine applications can be selected on the new website as well as a detailed Mixtech technical brochure and whitepaper.   

Discover Energy continues to be the driving force behind the spread of the iQ Power technology. The partnership with iQ Power Licensing and Discover will continue to play a major role for the future of the iQ Power mixing technology and the establishment of Discover Energy as a major player in the automotive SLI aftermarket.

 

Pictures (bottom)
New extended battery formation facilities in DMC factory, management of Discover Energy and iQ Power Licensing

Installation of another new plate stacker in DMC factory

New CEO of South Korean Licensee and Change of Company Name

 

  • New CEO of South Korean Licensee is CEO of Canadian Company Discover Energy
  • South Korean Licensee iQ Power Asia Inc. to be changed into Discover Mixtech Manufacturing Corp.

Zug, Switzerland, 27 October 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 an important development of interest to investors.

As stated earlier, Bob Sullivan, the current interim CEO of iQ Power Asia Inc., who is also the CEO of iQ Power Licensing AG, will be followed officially at the iQ Power Asia shareholders’ meeting, which took place today on October 27th by Steve Nam as the new CEO of iQ Power Asia Inc.. Steve Nam is also the CEO of the company Discover Energy Inc., Richmond/Canada, who owns the majority of the South Korean company iQ Power Asia.

Steve Nam, who is a Canadian citizen and native South Korean and was formerly President of Hankook Tire North America, is uniquely qualified to lead the South Korean company and licensee of iQ Power Licensing AG to great success. Steve Nam has been in charge of the South Korean factory de facto for over one year and was instrumental in leading the company through the successful transition from financial restructuring.

At the same shareholders’ meeting today on October 27th, the shareholders decided to have the name of the factory iQ Power Asia Inc. in South Korea changed into Discover Mixtech Manufacturing Corp.. The new company name will have incorporated the product brand name `Mixtech´ of Discover’s new mixing technology automotive batteries.

“Re-naming the South Korean manufacturing company after their own product brand indicates a strong commitment and support of Discover Energy in the future of the built-in mixing technology of iQ Power Licensing”, stated Bob Sullivan.

Increased marketing activities of Discover is supporting the current production capacity increase of the South Korean factory, where a new production line is underway.   

 

The picture (bottom) shows the new CEO Steve Nam (left), Darwin Sauer of Discover (middle) and the CEO of iQ Power Licensing AG, Bob Sullivan, in a new production section of the South Korean factory during full production on this Friday.

Most successful Battery Conference in company history

  • Asian Battery Conference 17th ABC 2017 sets the stage for accelerated growth of iQPLAG

Zug, Switzerland, 26 September 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 conclusion of a very successful battery conference in Kuala Lumpur, Malaysia.

Lively discussions were conducted with many potential licensees at the conference and the iQ Power booth, including some that had already indicated interest to proceed to testing. Follow up meetings will be conducted in the next two months to discuss possible new license agreements.

In addition, several new technology cooperations were discussed, in which iQ Power technology will be used to develop advanced lead acid batteries, including batteries to be used in an special EV application. Although these discussions were preliminary, it shows that companies are increasingly accepting the importance of the iQ Power anti-stratification electrolyte mixing technology.

During the conference, leading experts discussed the future of lead acid batteries and alternatives, like Lithium-Ion. The consensus was that, despite politically motivated bold statements in Europe, the internal combustion engine will dominate travel until mid-century. A marketshare of between 5% to 10% in new cars for EV worldwide is realistic by 2025. No major country can afford the infrastructure nor subsidies required for mass market EV.

The start-stop technology will become the dominant means of transportation for both passenger car and commercial vehicles. This will greatly increase the need for advanced lead acid batteries, either flooded types (EFB) or AGM. Furthermore, the CEO of one of the biggest Chinese battery manufacturers stated that EFB will overtake AGM in China next year as the battery of choice for start-stop engines. EFB will dominate the automotive market for at least the next two decades. The iQ Power anti-stratification technology is ideal for EFB batteries.

“The participation of iQ Power with a small booth at this conference will pay off big in the near future. All trends are in our favor and acceptance is growing dramatically,” stated Bob Sullivan, CEO of iQ Power Licensing.

 

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.

People's Republic of China awards iQ Power Licensing patent protection for its iQP-2 technology of passive electrolyte mixing for flooded batteries

 

  • In addition, patent protection for the new generation IQP-2 now also granted in Russia

Zug, Switzerland, 24 August 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 patent protection for the new generation IQP-2 of its passive electrolyte mixing technology for flooded batteries by the State Intellectual Property Office of the People's Republic of China. The application had been submitted more than four years ago. Patent protection had already existed for the predecessor version IQP-1.

The patent protection now granted is a major safeguard in one of the most important markets in the world. Due to the issue in China, Hong Kong can now be granted as a patent protection in the People's Republic is the prerequisite for this.

Also, recently the Russian authorities have granted patent protection for the new generation IQP-2 of the iQ Power technology.

iQ Power Licensing AG has already received patent protection for its previous generation IQP-1 for its technology of passive electrolyte mixing for starter batteries in all major world markets. In a patent offensive, the company had also registered its new generation IQP-2 in more than 50 important countries worldwide, just over two years ago. The 50+ countries represent 95% of the world automotive market. Of these, 18 European countries have already granted patent protection for the new generation IQP-2 early this year.

Patent applications at national level may take a long time, until the patent is granted. However, protection begins with the date of filing the patent and runs for a period of 20 years.

 

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

Korean Licensee iQ Power Asia Inc. now under own control again

  • The South Korean Licensee iQ Power Asia Inc. officially emerges from Re-Structuring and can now operate fully under own control again  

Zug, Switzerland, 31 July 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 an important development of interest to investors.

The licensee factory of iQ Power Asia Inc. in South Korea has officially and successfully emerged from Financial Re-structuring. Today the Court of Gwangju has given the approval to the petition to graduate from Rehabilitation in writing to iQ Power Asia. The decision paves the way for full control of the company by Discover Energy Group.

With full control, the new owners will now be able to more quickly expand and upgrade operations and capacity at the factory. As noted previously, several new battery sizes are in planning and deliveries to new markets will occur throughout 2017 and 2018.

It is anticipated that the current interim CEO of iQ Power Asia, who is also the CEO of IQ Power Licensing AG, will formally be replaced and followed by an executive from Discover Energy Group at the next iQ Power Asia 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

iQ Power Licensing announces new business area of consulting services

  • iQ Power Licensing offers to organize and manage the building of environmentally-friendly battery factories with leading edge technologies
  • Focus on consulting, sourcing and project coordination of most competitive production methods and equipment
  • Marketing of iQ Power`s innovative mixing technology is part of the extended portfolio

Zug, Switzerland, 11 July 2017 - 11 a.m.  – 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 and winner of the GreenTec Awards 2017 announces a new business area.

Using the experience of staff and cooperating battery and facility experts and the knowledge in environmentally-friendly technologies, iQ Power Licensing AG will be offering to consult the start-up and modernization of battery factories in developing countries by offering consulting, sourcing and project coordination. The factories will have the innovative iQ Power technology integrated from the beginning of operations, which will provide better efficiency in the production.

iQ Power Licensing AG will not only offer consultation for complete turn-key factories, but will also consult on individual processes and new methods in lead battery recycling, if necessary. iQ Power Licensing AG will not involve itself in the building or manufacture of equipment, but rather sees itself as an integrator of latest technologies for innovative equipment and of latest and innovative technology companies.

“The factory and production equipment that we source from our carefully selected suppliers is the most competitive and advanced production equipment of its kind in the world for the manufacture of next generation automotive batteries”, says Bob Sullivan, CEO of iQ Power Licensing.

For example, by using new innovations, the new battery factories can reduce the time of production by half or save substantially on energy, thereby reducing working capital needs. Using iQ Power’s innovative electrolyte mixing technology of simple plastic passive mixing elements, the cycle stability and life-time of flooded vehicle batteries can easily be doubled, thereby reducing not only cost of ownership but also saving resources.

The factory and production equipment will be independently selected from suppliers to assure the most competitive production equipment of its kind for the manufacture of next generation automotive starter batteries for vehicles.

Bob Sullivan, CEO of the company, stated: “Our main effort will remain concentrated on the iQ Power mixing technology and other innovative technologies. However, this long-term new initiative can, over time, add not only to the bottom line of the company, but also to the recognition of iQ Power Licensing in the battery industry.”

 

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

iQ Power Licensing AG publishes Annual Results 2016

  • Korean licensing partner is back to normal production operation, further expansion of production capacity
  • Revenue from license business more than doubled
  • First deliveries to automotive manufacturers (OEM) in Brazil
  • Earnings position from operating business improved by CHF 0.5 million
  • One-time accountable impairment loss in the rehabilitation phase of the Korean licensing partner

 

Zug, Switzerland, May 20, 2017 - iQ Power Licensing AG (ISIN: CH028536338, WKN: A14M1C, Symbol: iQL), the developer and marketer of technologies and their licenses for environmentally friendly and technologically leading starter batteries for motor vehicles, publishes the figures for the fiscal year 2016 and gives an overview of the current business situation.
 

Business Operations
In the year 2016, iQ Power Licensing AG continued its intensive collaboration with the new strategic partner Discover Energy Corporation (DEC) from Vancouver / Canada.

The strategic partner DEC intensified its commitment to the Korean licensing and production partner iQ Power Asia Inc. as well as to iQ Power Licensing AG through extensive financial investments in order to combine the iQ Power technology with the new DEC owned brand “Mixtech” for all major markets. In addition, Discover Energy Corporation made major investments in the expansion of the Korean plant and invested millions of dollars to stabilize and expand the production of the Korean factory. Discover Energy's commitment underscores the confidence of DEC in the future of iQ Power Licensing AG, its technology and the Korean factory, DEC is now the dominant shareholder in Korea and the largest single shareholder (18%) in iQ Power Licensing AG.

Great efforts and investments were made in 2016 to expand the product portfolio from nine battery models to 25 models. In addition to the new types of starter batteries, the Korean factory in 2016 focused on the introduction of a complete product line of commercial vehicle batteries for the North American market which will be launched in 2017. At present, the vast majority of batteries from the Korean license partner's production are sold in North America.

The year 2016 also marked the beginning of the production of the first batteries with iQ-Power technology for use by a major automobile manufacturer (OEM). Moura Baterias S.A. as the largest battery manufacturer on the South American continent, delivered the first batteries for OEM use. This was preceded by very long investment delays by automobile manufacturers in South America, caused by the economic and political crisis in Brazil.
 

Financial Results
Revenues from the operating business of iQ Power Licensing AG doubled in 2016 to CHF 0.63 million (2015: CHF 0.27 million). However, due to unforeseen production bottlenecks in the second half of 2016, IQPA was not able to keep pace with the rapidly growing orders. The increase in sales was therefore lower than originally expected. These bottlenecks were eliminated at the end of the second half of 2016 by corresponding investments in machinery and equipment.

The results from operations in 2016 showed an improvement of CHF 0.5 million compared to the previous year (2016: minus CHF 1.7 million versus 2015: minus CHF 2.2 million). The improvement is the result of higher revenues as well as lower costs for patents.

As already reported at the beginning of this year, the restructuring phase of the Korean licensing partner resulted in an dilution-related non-cash write-down of CHF 2.3 million (impairment loss) of the valuation of assets of the iQ Power Licensing AG in iQ Power Asia for the year 2016, which was necessary as part of the restructuring program. Details on this are explained in the company's annual report 2016. As a result, the total loss of the company for the year 2016 amounts to minus CHF 4.3 million (2015: minus CHF 2.5 million).

The equity of the company decreased from CHF 1.9 million to CHF 1.5 million at the end of the financial year. The decrease is primarily due to the accounting loss resulting from amortization of the asset values in iQ Power Asia Inc. as well as a lower than expected results from license revenues. The equity ratio remains satisfactory at 29% (2015: 38%). The liquidity of the company also remains satisfactory with a cash balance of CHF 0.9 million at the end of 2016.

The North American licensee began with a limited sales of batteries with iQ Power technology. However, the batteries were acquired by customers of Discover Energy in North America, which is why there is no additional license revenue from this limited business, since the revenues are included in the license payments from the Korean partner.
 

Outlook for 2017
Through intensive cooperation with the strategic partner Discover Energy and the establishment of a stable and efficient production as well as a growing sales of the Korean factory iQ Power Licensing AG has created a sustainable and rising sales base. The main focus of the activities in the first half of the year 2017 has been on the growth and stability of the licensee in Korea, as this is the fastest way to achieve rapid revenue growth. In addition to this, further activities are now being intensified during 2017 in order to tap additional new sources of income.

In January 2017, the first license fees were received from the Brazilian licensee. A moderate growth in these revenues is expected during the year. No significant revenue is expected by the licensee in North America for 2017.

Revenue from license revenues from the Korean licensing partner for 2017 will be significantly higher than in 2016, as the capacity of the plant continues to grow and expand. Management expects a positive operating cash flow in 2017. Overall, the management of iQ Power Licensing AG sees the developments in 2017 very positively.

 

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

 

Download Summary Consolidated Financial Statements 2016

New Battery Technology receives Environmental `Oscar Award´

  • iQ Power Licensing AG given the Ecology-Oscar as Winner of the Green Tech Awards 2017 at a Gala Ceremony with many celebrities in Berlin
  • Innovation of passive electrolyte mixing in car batteries with great advantages for consumers and the environment.

Zug, Switzerland, 15 May 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.

At a celebrity gala in Berlin, iQ Power Licensing AG was handed the prize as first-place winner of the environmental award in the category mobility.

A 70 person jury including industry experts voted the iQ Power technology as best innovation in the category mobility, which was sponsored by the large automobile supplier, Schaeffler AG.

The GreenTec Awards is the most important award for environmental-friendly innovation in Europe and worldwide ( http://www.greentec-awards.com/en )

Over 600 celebrities from film, television, music as well as many high ranking industrial and political leaders attended the ceremony.

Partner country was Canada, which is home to the strategic partner, Discover Energy Corporation.

Discover Energy is now selling batteries with the patented iQ Power technology in Europe under the brand name MIXTECH.

Through the use of simple plastic parts, the life-time of the battery can be doubled, thereby reducing not only cost of ownership but also saving resources.
 

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

 

Picture:
Prof. Dr. Tim Hosenfeldt (2nd left), Director of Innovation at Schaeffler AG, CEO of iQ Power Licensing AG (right) and Board Members, Bernhard J. Rose (left), Darwin Sauer (center) und Won-Lak Choi.

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