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Reverse Share Split 26:1 / Extraordinary Shareholders´ Meeting, 20 December 2018

 

Zug, Switzerland, 19 November 2018 – 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 Extraordinary Shareholders’ Meeting to take place in Zug, Switzerland, on 20 December 2018 at 8:30am CET to approve a reverse share split 26:1.

The Board of Directors proposes that the shareholders approve the merger between iQ Power Licensing AG (as transferring entity) and its wholly-owned Swiss subsidiary iQ International AG (as surviving entity) according to the terms of the merger agreement dated 19 November 2018 and based on the audited merger balance sheet of the Company as of 7 November 2018. As part of such merger, the structuring of the share capital of iQ International AG would effectuate a reverse share split at a ratio of 26:1. The merger would be carried out in line with the provisions of the Swiss Merger Act.

The reverse share split aims at improving the tradability of the shares and is a step to a potential listing on a public law regulated market in the future.

The merger documentation will be available to shareholders for inspection at the company’s as well as at iQ International’s offices at Metallstrasse 6, 6300 Zug, Switzerland, (and will be available for download on the Company’s website (www.iqpower.com/en/content/merger). The merger documentation includes the interim balance sheet of iQ Power Licensing AG as of 7 November 2018. The interim balance sheet shows the company financials post-integration of the company Engenavis, which will be publicly announced in accordance with legal requirements. The interim balance sheet shows total assets of CHF 37,8 million and equity of CHF 22,4 million. For details please refer to the company website as noted above.

It is anticipated that the proposed merger will be consummated and filed upon its approval by the relevant shareholders’ meetings and that the shares of the surviving entity, iQ International AG, will be admitted for trading on the unregulated market segment “Open Market” (“Freiverkehr”) of Börse Berlin (Germany) under the trading symbol “IQL”.

Share capital increase from new US subsidiary completed as planned

  • Engenavis Inc., Delaware/USA, is now 100% subsidiary of iQ Power Licensing AG

Zug, Switzerland, 08 November 2018 – iQ Power Licensing AG (ISIN: CH0268536338; WKN/Security Number: A14M1C; Symbol: IQL) a developer and marketer of green technologies for mobile power solutions and licenses in these technologies, announces the registration of the remaining shares from all individual Engenavis shareholders in exchange for shares of iQ Power Licensing AG.

On October 2, the first batch of the capital increase approved at the Annual General Meeting (AGM) of September 28 were registered. In this first batch, 12’976’311 Engenavis shares were exchanged for 285’478’842 iQ shares, which resulted in a share capital of CHF 6’273’497.38 and 627’349’738 issued shares.

On November 8, the second batch of the capital increase approved at on the AGM of September 28 were registered. In this second batch, 2’682’279 Engenavis shares will be exchanged for 59’010’138 iQ Power Licensing shares. After the second registration iQ Power Licensing will have a share capital of CHF 6’863’598.76 and a total of 686’359’876 shares issued and outstanding.

Shareholders who previously owned Engenavis shares, will then own 344’488’980 iQ Power shares, representing 50,2% of total outstanding shares of iQ Power Licensing.

The new Engenavis subsidiary brings additional technologies to iQ Power Licensing. Most significant of their product portfolio are a waste to energy and vehicle anti-idling technologies. The valuation, which was performed by an expert US appraisal company, shows a risk discounted value of approximately USD 88 million for Engenavis Inc. The new technologies reduce the risk profile of iQ Power Licensing, while multiplying the earnings potential.

 

Engenavis N4 Power “KinetiCharger” anti-idling technology for motor vehicles now available on GSA

 

  • The N4 Power "KinetiCharger" anti-idling technology through a partnership with GSA Contractor, FedHarmony is now available on the General Services Administration (GSA) procurement program
     
  • Procurement volume of the GSA totals approximately USD 32 billion annually

Zug, Switzerland, 23 October 2018 – iQ Power Licensing AG (ISIN: CH0268536338; WKN/Security Number: A14M1C; Symbol: IQL) a developer and marketer of green technologies for mobile power solutions and licenses in these technologies, announces a product marketing milestone of its US-based amalgamation partner Engenavis Inc., Delaware/USA.

The N4 Power division of Engenavis Inc. through a strategic partnership with FedHarmony, a long-standing GSA Contract Holder, achieved the N4 Power KinetiCharger anti-idling system to be added to the current list of automotive products of the GSA. The Federal Government's General Services Administration (GSA) for the purchase of equipment, materials and services to US municipal and governmental organizations such as the police, fire brigade, ambulances or municipal vehicles, is now offering the KinetiCharger anti-idle technology nationwide through their purchase and procurement program.

With immediate effect, US agencies and municipalities affiliated with GSA can now more easily purchase N4 Power's anti-idle technology enabling them to save fuel and reduce CO2 on their vehicles through this streamlined and convenient government purchasing program. Adding the N4 Power KinetiCharger anti-idling system solution to the GSA purchasing system (which has a very large user base) opens up many additional sales opportunities for Engenavis and N4 Power.

The GSA program enables state authorities and local institutions in the U.S. to purchase their supplies of materials and services of all kinds via a special online portal nationwide. In 2016, the program recorded more than 32 billion USD in procurement purchases.

”N4 Power's patented KinetiCharger anti-idling solution is the most adaptable system on the market nationwide”, says Rudy Garcia, N4 Power's Vice President Sales & Marketing, based in Scottsdale, Arizona. ”It has been designed to be used in a wide range of different types of vehicle from many car manufacturers and can also be installed in different configurations, depending on  application. These unique product features have attracted a lot of attention in the market”, says Garcia.

The market potential for vehicle anti-idling technology in the U.S. is large. Municipal fleets alone account for a vehicle stock of around 600’000 units covering a wide range of vehicle types.

The KinetiCharger is a patented retrofit system solution for vehicles that provides onboard stored electrical energy to all vehicle accessories including climate control when the vehicle’s engine is off (anti-idle operation). Beyond the fuel and vehicle maintenance cost savings benefits of this anti-idle system, new U.S. legislation to reduce CO2 emissions is also requiring many fleets to adopt anti-idle technologies.

The system solution can provide a payback period of two years on average when considering payback from fuel savings, reduced engine wear and less frequent service intervals”, Rudy Garcia explains.

Both green-tech technology companies, Swiss iQ Power Licensing AG and the US American Engenavis Inc., are amalgamating according to shareholder resolution of September 28, 2018.

 

Important multi-million USD interim financing completed

 

  • All conditions for the disbursement of the interim financing of $ 14 million have been fulfilled
  • iQ Power Licensing acquires a 51% majority stake in an established Western European battery factory
  • First funds to acquire majority of the EU battery manufacturer already paid
  • Funds will serve new technologies and manufacturing facilities for the BFF Battery-Factory-of-the-Future concept, as well as building production for N4 Power's KinetiCharger anti-idle system of iQ Power's US amalgamation partner Engenavis Inc.

 

Zug, Switzerland, October 17, 2018 – iQ Power Licensing AG (ISIN: CH0268536338; WKN/Security Number: A14M1C; Symbol: IQL) a developer and marketer of green technologies for mobile power solutions and licenses in these technologies, announces the completion of a major multimillion USD financing deal. All prerequisites for financing have been met. This includes, in particular, the acquisition of the majority stake in a Western European battery manufacturer.

The USD 14 million financing follows the amalgamation of iQ Power Licensing with the US partner Engenavis Inc. of Delaware/USA. The current funding is a bridge loan until the completion of a much larger funding of a large double-digit or even triple-digit million USD funding.

The first funds for acquisition of a 51% majority stake in a West European battery manufacturer have already been paid. The company is an established manufacturer of automotive lead-acid batteries. The battery manufacturer is a well-reputed company with positive cash flow with an annual turnover between 20 million and 40 million Euros and a long-standing large customer base.

The majority stake in the company enables iQ Power to use the factory to implement its "Battery Factory of the Future" concept (BFF). The planned future investments in new processes, technologies and facilities will nearly triple the plant's capacity while greatly boosting profitability. At the same time, the plant will serve as a showcase for battery manufacturers worldwide.

The interim financing agreement also allows financing of the R&D work for and construction of several innovative battery manufacturing technologies (to be announced later), as well as installation of production capacity for the new anti-idle system KinetiCharger of N4 Power at iQ Power´s US amalgamation partner Engenavis.

 

All agenda items approved by a large majority at the Annual Shareholders´ Meeting on September 28, 2018 in Zug

 

  • Share capital increase approved for the proposed amalgamation with Engenavis Inc., Delaware/USA
  • Approval of the proposed amalgamation with Engenavis Inc., Delaware/USA
  • Four new members of the Board of Directors approved
  • Board of Directors approve immediate measures for new listing in the regulated market
  • Stock options granted to new financing partners and new key employees

 

Zug, Switzerland, 29 September 2018 – 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 approval of all agenda items at the Annual Shareholders´ Meeting held on September 28, 2018 in Zug. The entire protocol will be published on the company website as soon as all notarial formalities have been accomplished.

Shareholders have paved the way for the amalgamation with Engenavis Inc. The transaction will be final upon the exchange of Engenavis shares for the Corporation’s shares which will be completed within a day or two. Also, the parties are cooperating to consummate the new USD 14 million funding expected shortly from ExWorks, a highly experienced lender to corporations like the combined Engenavis and iQ Power Licensing. This closing is anticipated within two weeks.

Approximately 370 million shares will be created for issuance to Engenavis Inc. shareholders in exchange for 100% of the shares in Engenavis Inc. The iQ Power Licensing AG shares are being issued at a value of EUR 0,07/share, which represents a purchase price of just under EUR 26 million.

The valuation of Engenavis Inc., recently done by a highly respected expert appraiser of US companies like Engenavis,  resulted in a discounted value of approximately USD 88 million. This report was audited by the Swiss auditors for iQ Power Licensing. Post-amalgamation iQ Power Licensing shareholders will have slightly over 49% of the new company, and Engenavis stockholders will, have slightly above 50%.

Four new members have joined the Board of Directors of iQ Power Licensing AG: Mr. George Weiss, CEO of his private investment firm Beechtree Capital, LLC and Executive Chairman of Engenavis, will serve as the new Chairman of the Board. New Board members will also be Bob Sullivan, who is the current CEO of iQ Power Licensing (Mr. Sullivan will also serve as Vice Chairman of the Board), Jim LoPresti as COO and Scott Anchin (CFO) while Mr. Won-Lak Choi will remain on the Board of Directors. Special thanks were given to the out-going long-serving Chairman of the Board, Dr. Raymond Wicki. Thanks were also given to Mr. Bernhard Rose and Mr. Darwin Sauer who are now no longer Board Members.

In one of the first actions of the new Board of Directors, funding was approved for preparation of a prospectus and to take all actions necessary for the new listing of the combined corporation on the Berlin regulated market. The regulated market listing will also allow trading on the Frankfurt XETRA exchange.

The Board approved options for key new employees and the new financial partners, ExWorks Inc., who is providing the USD 14 million bridge loan as well as Linesight 360 which will seek major USD funding for the new innovative technologies of the company as well as other financial firms and others who raised funds to achieve the amalgamation. The options will be issued at market price.

With this news published all exchange agreements signed by iQ Power stockholders are cancelled and shares can be traded immediately as usual. All iQ Power shareholders who signed such an exchange agreement in late April this year will also be notified individually in writing shortly.

 

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.

 

 

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

 

  • Reverse Split will be delayed due to legal technical reasons
  • Name Change will be delayed
  • Headquarters to remain in Zug, Switzerland
  • Share capital increases in Swiss Franc remains roughly the same but the number of shares for the capital increases has been adjusted due to postponed reverse split
  • Proposed amalgamation with Engenavis Inc., Delaware/USA to take place following completion of all financing prerequisites

Zug, Switzerland, 26 September 2018 – 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 some minor changes required for the Agenda of the Annual Shareholders´ Meeting on September 28, 2018 in Zug

The timing of the proposed amalgamation with Engenavis Inc. is extended and planned to occur as soon as all remaining prerequisites for the new funding have been cleared up. This is anticipated within a couple of weeks.

As stated recently the measure of a planned reverses split of 23:1 of shares in the new Swiss company after amalgamation with Engenavis Inc, Delaware, USA is subject to a final approval of the Swiss Federal Commercial Register in Bern, which was expected prior to the Annual Shareholders’ Meeting. This approval by the Federal Commercial Register was unexpectedly not given due to legal technical reasons.

Due to the unexpected difficulties in receiving approval for the reverse split at the same time with the amalgamation this item and all related items have been eliminated or adjusted in the Agenda at the upcoming Annual Shareholders´ Meeting on September 28, 2018 in Zug. However, it is anticipated that the reduction in the number of shares outstanding will take place in early 2019.

Due to no reduction in the number of shares, the pre-amalgamation outstanding share capital of around 341 million shares will remain unchanged. Approximately 370 million shares will be created for issuance to Engenavis Inc. shareholders in exchange for 100% of the shares in Engenavis Inc. The iQ Power Licensing AG shares are being issued at a value of EUR 0,07/share, which represents a purchase price of just under EUR 26 million.

The company auditors have completed a third party expert objective evaluation of the economic value of Engenavis, Inc., which was performed by an expert US appraisal company, Rushton Atlantic LLC, Chicago, Illinois. The valuation shows a discounted value of approximately USD 88 million for Engenavis Inc. Post-amalgamation, iQ Power Licensing shareholders will have approximately 49% of the new company and Engenavis will be of around 51%.

Timing for all necessary contracts is on plan but very tight due to the intensive investigations necessary to assure legal compliance and veracity of all information required for the transactions.

Ancillary changes, such as the change of headquarters to Zurich and the change of the name will be delayed. It is anticipated that the reduction in the number of shares outstanding will take place in Q1, 2019 with the listing on the regulated market In Germany, which will allow trading on the Frankfurt XETRA electronic stock exchange. The change of the name of the company will occur at the same time.

All resolutions at the shareholders´ meeting held on September 28, 2018 in Zug, are available in detail on the iQ Power website under section investor relations, together with the revised invitation for the Annual Shareholder`s Meeting 2018.
 

Background to the resolutions in the agenda of the Annual Shareholders’ Meeting:
The US-company which will be amalgamated into iQ Power Licensing AG is Engenavis Inc., Delaware, USA. Engenavis (ENG) is headed by star investor, George Weiss. The company features several start-up business units centering around environmentally-friendly technologies, including anti-idling fuel savings technology and mobile solar energy units. The technology section for no emission waste and used tyre recycling as well as the other business units, will be 100% owned subsidiaries of iQ Power Licensing  AG.

George Weiss, Chairman of Engenavis is arranging a bridge financing from an institutional finance company for USD 14 million, which will be directly loaned to iQ Power Licensing AG (IQPL) to fund the new company and business expansion. The USD 14 million bridge financing is planned to be replaced by a large investment (equity money) to be made in early 2019. For this effort, the company will be bringing on board Mr. Scott Anchin, an experienced New York capital markets professional into the role of Board Member and interim CFO.

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

 

CEO invests repeatedly in company convertible bond

  • CEO Sullivan has invested € 20.000 in the companies convertible bond 2021

Zug, Switzerland, 14 September 2018  –  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 CEO Bob Sullivan has invested € 20.000 in the companies CB convertible bond 2021 (ISIN: DE000A1GXE20).

CEO Sullivan stated: “This investment was made as there are still bonds available and unsubscribed. The CB are available to all iQ Power shareholders on a first-come-first-serve-basis.”

 

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

VIDEO / Automechanika 2018: How the 360° electrolyte mixing works

Discover Battery, licensing partner of iQ Power Licensing AG for the world's only 360° electrolyte mixing, will be represented at the Automechanika 2018 in Frankfurt (11.9.-15.9.2018) with a stand (Hall 4.1 / H 82).
 

A new YouTube video shows how the 360° electrolyte mixing in Mixtech starter batteries works:

English:
www.youtube.com/watch?v=87kzYoXzKIg

 

Amalgamation of US green technology company into iQ Power / Annual Shareholders´ Meeting end of September

 

  • Annual Shareholders’ Meeting on Sept. 28, 2018 in Zug
  • Board of Directors approval for purchase of green technology company in USA through share exchange
  • Share purchase planned at EUR 0,07/share equivalent
  • Bridge loan of USD 14 million to iQ Power Licensing for new business initatives to be followed by large equity capital
  • iQ Power Licensing AG to be re-named iQ Power Technologies AG
  • Parallel listing on Frankfurt and Berlin Exchange planned; later NASDAQ
  • Reverse Split of 23:1 and company headquarters move to Zurich planned
  • Deal contingent on final due diligences and shareholder approval

 

Zug, Switzerland, 07 September 2018 – 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 Board of Directors has approved an offer for an amalgamation with a green technology company in USA. iQ Power Licensing AG (IQPL) will be the surviving company and the CEO will be Bob Sullivan.

The US-company which will be amalgamated into iQ Power Licensing AG is Engenavis Inc., Delaware, USA. Engenavis (ENG) is headed by star investor, George Weiss. The company features several start-up business units centering around environmentally-friendly technologies, including anti-idling fuel savings technology or mobile solar energy units. The technology section for no emission waste and used tyre recycling as well as the other business units, will be 100% owned subsidiaries of future iQ Power Technologies AG.

George Weiss, Chairman of Engenavis is arranging a bridge financing from an institutional finance company for USD 14 million, which will be directly loaned to iQ Power Licensing AG (IQPL) to fund the new company and business expansion. The USD 14 million bridge financing is planned to be replaced by a large investment (equity money) to be made in early 2019. For this effort, the company will be bringing on board Mr. Scott Anchin, an experienced New York capital markets professional into the role of Board Member and interim CFO.

The expansion plans are the same as previously planned and announced at the extraordinary shareholders´ meeting. 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. Thereafter, further expansions are in the planning phase.

A valuation for Engenavis is now being performed and must be audited and approved by the IQPL auditors, Price Waterhouse Coopers, Zurich. The valuation of ENG is anticipated at an excess of USD 35 million. Post-amalgamation, iQ Power Licensing shareholders will have approximately 49% of the new company, compared to 40% planned previously, and ENG will be merged at a value of around 51% of the new company, which is calculated at EUR 0,07 per share as being announced.

Shareholders of IQPL stock who signed share exchange agreements in late April, will be notified of cancellation, at the latest, following the upcoming ordinary shareholders’ meeting.

The USD 14 million financing, as well as the valuation of Engenavis, are subject to a detailed examination, known as Due Diligence. Following satisfactory conclusion of the Due Diligence and shareholder approval, the amalgamation and financing will be executed. In order to understrike the sincerity of the agreement, Engenavis has financed, in advance, all costs for the upcoming shareholder´s meeting and legal costs for the transaction.

Following the transaction, the new company iQ Power Technologies AG (iQPT) will apply to be listed as soon as possible in 2018 on Regulated Market of the Berlin Stock Exchange and also be traded on the Frankfurt XETRA platform. The listing on the NASDAQ exchange in the USA is planned for 2019 or 2020. A possible listing in Singapore is being considered.

In order to have an optimal number of shares in the new company, iQ Power Technologies AG, a reverse split of 23:1 is planned. To accomplish the reverse split, it is necessary to move the company headquarters to the Canton of Zurich. This measure is subject to the final approval of the Federal Commercial Register in Bern, which is expected prior to the Annual Shareholders’ Meeting. After the reverse split, there will be approximately 30 million shares outstanding with an anticipated value of EUR 3,00.

All resolutions at the shareholders´ meeting held on September 28, 2018 in Zug, are available in detail on the iQ Power website under section investor relations, together with the invitation for the Annual hareholder`s Meeting 2018. Due to organizational reasons, no internet video transmission of the Annual Shareholders’ Meeting will be available this time. Please ignore this option in the registration form in the invitation material.

Bob Sullivan, CEO of iQ Power Licensing, states, “Although the deal has been delayed, the change is positive for the current iQPL shareholders. I still adamantly maintain, that this is a once-in-a-lifetime opportunity for iQPL and its shareholders. The bundling of new business opportunities and the enabling of new business drivers by a large investment will create a company that is an attractive investment vehicle for large international institutional investors. Having a broad and experienced management team, an experienced capital markets executive as interim CFO, and George Weiss as a well-known executive with a sterling track record for creating shareholder value will ensure the success of the consolidated 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. 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

 

Test Series for New Truck Batteries in Brazil Started

 

  • Start of test of iQ Power mixing parts for the most popular large size truck and bus batteries with Brazilian technology licensee
  • Positive feedback from current OEM using iQ Power electrolyte mixing technology in running car battery order

Zug, Switzerland, 28 August 2018  –  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 start of testing for large truck and bus batteries with iQ Power electrolyte mixing technology with its Brazilian licensee.

The Brazilian licensee, the largest battery producer in Brazil and South America, has started testing the iQ Power electrolyte mixing technology in lead acid starter batteries for trucks and busses after applying this technology for current  car battery orders. Trucks and other large commercial vehicles are much harder on batteries than passenger cars due to long periods of use while the engine is not running and use to power many more electrical appliances and motors than cars. This makes the batteries more susceptible to harmful acid stratification.

Reports from the OEM, using the iQ Power electrolyte mixing technology in its passenger cars for more than one and a half years are extremely positive. The batteries of the Brazilian licensee featuring this technology are used in one of the top models of a European-American automobile company using stop-start engine application. Although sales of the respective model is relatively small, the car, which uses the iQ Power mixing device, is the top selling start-stop vehicle in Brazil.

Due to the economic crisis in the South American country, the mandatory tougher emission standards have been postponed. The economic crisis has led to increased price sensibility and customers are not generally willing to pay extra for the fuel saving start-stop engine technology.

A very interesting feature of the iQ Power mixing parts in batteries for large commercial vehicles is the double use as a lead plate hold down device. The new iQ Power truck battery plastic parts incorporate extra supports which very effectively keep the plates from loosening. Commercial vehicle batteries are subject to higher vibration and shock forces due to different operating environment than car batteries. The vibration and shock forces can loosen the plates and cause premature battery failure.

The Brazilian licensee, has just opened a new 37'000 square meter factory for truck and commercial vehicle batteries. The state-of-the-art factory, located near the main factory complex, will have a capacity of 2.7 million large batteries per year within three years. The plan is to introduce an EFB battery for trucks and other commercial vehicles. The leading competitor in Europe has already an EFB battery which features their version of electrolyte mixing parts. Tests, however, have proven the iQ Power principle of electrolyte mixing to be much more effective than any other existing technology of this kind.

Due to rigorous testing and the need to repeat the tests several times before product introduction, test phase will not be concluded until sometime in 2019. The new truck batteries will be for the aftermarket.

 

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