DGAP-News: iQ Power AG:
23.09.2013 – 11:46
DGAP-News: iQ Power AG / Key word(s): Miscellaneous iQ Power AG: 23.09.2013 / 11:45 --------------------------------------------------------------------- First trial production at supplier of Discover Energy successful - First trial production with new generation 'iQP-2' electrolyte mixing successfully concluded at supplier of Discover Energy - Series production start planned for End of October/Beginning November - Customers of Discover Energy waiting for batteries Zug/Switzerland, 23 September 2013 - iQ Power AG (ISIN: CH0020609688, German Securities Code Number (WKN): A0DQVL; ISIN: CH0199540599 / German Securities Code Number (WKN): A1J7TW), a developer and marketer of technologies for environmentally friendly and technologically leading starter batteries for motor vehicles and licences in these technologies, provides a status report on the trial production of starter batteries with components of the new generation iQP-2 for electrolyte mixing. In the supplier plant of Discover Energy, a team under the leadership of Steffen Tschirch, Chief Engineer of iQ Power Licensing AG, conducted a trial production test. All parts fit well in the batteries. All important tests, including Filling, Leakage and Heat Sealing were, as anticipated, successfully concluded. From the successful trial production, the team was able to gain valuable insights for further improvements of the components. The improvements will allow for easier, faster and more foolproof assembly. The tooling changes will be implemented immediately so as not to disturb the product introduction schedule. Given the fact that customers of Discover Energy are impatiently waiting for the batteries with the new generation parts, personnel from both Discover Energy and iQ Power Licensing are working all out to meet the target sales kick-off at the end of October/beginning of November. The factory is a long-time supplier to Discover Energy. The name and location of the plant are not available due to competitive reasons. CEO About iQ POWER iQ Power develops and markets technologies for new types of starter battery. At the heart of this technology are the world's first starter batteries to feature more efficient automated electrolyte mixing with passive elements - a patent of iQ Power. For iQ Power's licensees, the new generation of starter batteries offers significant advantages in terms of increased customer benefit, higher product reliability and life cycle stability, a longer useful life and improved environmental and resource protection. In 2010, this ecological innovation won iQ Power the prestigious Automechanika Innovation Award for outstanding product innovation. As a stock corporation, iQ POWER AG is a listed company. The company's securities are traded on the regulated market (General Standard) of the German Stock Exchange in Frankfurt, over the counter on the stock exchanges in Berlin, Düsseldorf, Munich and Stuttgart as well as via XETRA (ISIN: CH0020609688, German Securities Code Number (WKN): A0DQVL, IQPB). Contact: Company Contact: iQ Power AG Metallstrasse 6 6304 Zug Schweiz info@iqpower.com www.iqpower.com Investor Relations Contact: GFEI Aktiengesellschaft Am Hauptbahnhof 6 60329 Frankfurt am Main Tel.: +49 (0)69 - 74 30 37 00 Fax: +49 (0)69 - 74 30 37 22 iQPower@gfei.de www.gfei.de End of Corporate News --------------------------------------------------------------------- 23.09.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------- Language: English Company: iQ Power AG Metallstrasse 6 6304 Zug Switzerland Phone: +41 41 7680360 Fax: +41 41 768 03 68 E-mail: investor-relations@iqpower.com Internet: www.iqpower.com ISIN: CH0020609688 WKN: A0DQVL Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 231415 23.09.2013