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Status information on upcoming M&A process with American company Engenavis

  • Due Diligence phase extended
  • Anticipated Capital Increase of € 14 million to occur in late July, 2018
  • Listing of the new American company in Europe is under investigation

Zug, Switzerland, 01 July 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 important status information about the upcoming M&A of iQ Power Licensing AG (IQPL) with the American company, Engenavis Inc.
 

  • The US advisors conducting the Due Diligence of the iQ Power Licensing AG (IQPL) have requested a large number of documents and information to be provided, which took longer than expected to submit as most documentation is in German language. In addition, iQ Power Licensing AG is undergoing a timely value appraisal of its IP which is required for the financing.
  • Certain contracts, including the contract for the new technology, LEIT, needed to be amended or newly created, and IP valuation takes a bit longer than expected.
  • All results up to now are positive and the conclusion of the Due Diligence will very likely occur in the next 2 to 3 weeks. Thereafter, following necessary legal work, the funding should proceed very quickly.
  • The current deadline for the share purchase is 26.July.2018. Thereafter, should the share purchase require more time, a new resolution for a share purchase must be approved by the Board of Directors or the shareholders. This is important for IQ to preserve this important deal.
  • The rules for listing the stock of the new American company, Engenavis (later iQ Tech Inc.), is more complex than anticipated. Until the procedure is clear, IQPL shares will remain on the Berlin exchange.
  • Following the share purchase and capital investment, shares will be listed on the Regulated Market as soon as possible, which will allow trading on the Frankfurt electronic exchange, XETRA. If a listing for the new iQ Tech shares is not possible within this year, the exchange agreements will be cancelled and shares of iQ Power Licensing AG will seek a regulated listing on the Berlin exchange and a parallel listing on the Frankfurt XETRA exchange.

 

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 publishes Annual Results 2017

 

  • Revenue from license business increased in the second half of 2017 by 85% compared to the first half of 2017
  • Total annual revenue 2017 was CHF 686´000
  • Earnings from operating business in the second half of 2017 improved by CHF 0.5 million over first half 2017
  • New business models developed to increase revenue and profitability
  • Anticipated entry of new majority shareholder in mid-2018 with funding of EUR 14 million at EUR 0,07 per share will create totally new operational environment

 

Zug, Switzerland, May 12, 2018  –  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 2017 and gives an overview of the current and future business.

 

Business Operations

Activities in South Korea in the second half of 2017 was dedicated to further expanding the production capacity and improving the reliability of the production of iQ Power´s Korean licensee iQ Power Asian Inc. In Q4 2017, the strategic Canadian partner of iQ Power Licensing AG, Discover Energy Corporation (DEC), officially took over the factory of the South Korean Licensee and re-named it Discover Mixtech Manufacturing Corporation (DMC). The CEO is the co-owner of DEC, Mr. Steve Nam, a Canadian citizen with roots in South Korea.

During the second half of 2017 the production capacity increased, however DMC failed to achieve the ambitious targets, which iQ Power Licensing had anticipated in the first half of 2017. New equipment is continuing to be installed for a second production line and a large increase in capacity and sales is anticipated for 2018. It should be noted that in addition to batteries with the iQ Power mixing technology, Discover Mixtech Manufacturing also produces products without this special feature to meet customer requirements for budget batteries with limited warranty.

In 2017 a close cooperation was started with a leading German developer of battery production technology for a new battery production machinery. The partnership resulted in a joint patent with iQ Power Licensing for a groundbreaking machine for the production of lead-grids for batteries for automotive and stationary applications.

Developments for other areas of battery production has led to iQ Power Licensing introducing a new concept battery factory called ´battery factory of the future`. Factories based on this concept will be able to produce batteries in less than half the time of conventional battery factories and save more than 25% of energy costs. This factory will also integrate the electrolyte mixing technology of iQ Power plus other new technologies currently under development at iQ Power and its partners. It will result in battery cycle life being increased by four times or more versus conventional batteries at only a small on-cost. The new concept battery factory with its advanced new production technologies also applies to the production of AGM batteries.

 

Financial Results

The results of the second half year of 2017 were in line with expectations, with no major unusual expenses.

The net revenue for the second half was CHF 445´000, an increase of 85% versus the first half of 2017. The revenue increase came from the strategic licensee, Discover Mixtech Manufacturing Corporation in South Korea, which was able to increase capacity and sales. Total year sales were CHF 686´000.

The net revenues are a combination of license margin from plastic parts for the mixing devices and license income.  

The loss from on-going operations for the second half of 2017 was CHF 451´000, which is a great improvement to the first half of 2017 (CHF -1´110´000). The improvement came from improved revenues and lack of extraordinary expenses, as occurred in the first half of 2017. For the total year, the loss was greatly reduced, from CHF 4.244 million in 2016 to CHF 1.567 million. As noted in earlier reports, the write-down of the participation in the South Korean factory weighed on earnings greatly in 2016.

In the first half of 2017 losses after tax were higher than would normally be anticipated due to non-operational losses. These negative profit events included a non-cash write down attributable to currency losses as the Swiss Franc weakened significantly against the Euro. iQ Power Licensing AG has almost EUR 3 million in financial assets, which must be adjusted for exchange rate differences to the balance sheet currency, the Swiss Franc.

In the first half of 2017, there was also unanticipated non-cash expense of CHF 192´000 from a write-off of the investment in the small industrial battery company in Germany.

The total assets of the company were largely unchanged from the first half of 2017 at CHF 4.5 million. The equity as a percent of total assets was 17%. The cash balance of the company was adequate at CHF 253´000.

 

Outlook for 2018

The anticipated entry of a new majority shareholder in mid-2018 will create a totally new operational environment for iQ Power Licensing. The funding of at least EUR 14 million will allow rapid expansion and productive implementation of the new business opportunities developed in 2017.

The introduction of new financial resources will allow for quick realization of the new businesses and will lead to a profit for the iQ Power Licensing AG in the second half of 2018. A new era of financial stability and explosive earnings growth is foreseen by the management.

The factory in South Korea will continue to dominate income for the first half of 2018. Following the full implementation of the projected new assembly line in 2018, the sales volume is set to increase and provide stable cash flow to iQ Power Licensing.

The newly created business division for consulting services for consulting and implementation of new battery factories and production facilities will contribute to income in the second half of 2018. Negotiations for a first customer from the Middle East have been recently concluded, as announced separately, and the customer is now waiting for final approval of the expected financing of the new plant by the central authorities, which is assured but takes time in such countries.

 

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

 

Important Information about trading of iQ Power Licensing AG shares

 

  • Trading of IQPL shares continues
  • Shareholders need new account for trading, if a share exchange agreement has been signed
  • No trading restrictions for accounts not listed in share exchange agreement
  • Conversion of IQPL shares to Engenavis shares to occur in late June, 2018

Zug, Switzerland, 30 April 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 important Information about trading of iQ Power Licensing AG (IQPL) shares.

Due to some uncertainty about trading of IQPL shares, the following information and rules for trading of IQPL shares are now made known.
 

  • Trading can take place in the shares of IQPL just as before on the Berlin Exchange
     
  • For shares in accounts listed in a share exchange agreement with the future merger parent company, Engenavis Inc. the following applies:
  1. Any numbers of shares listed in this agreement must remain in the given account and cannot be traded.
  2. Any numbers of shares above the amount listed in the share exchange agreement should be transferred to a new account.
  3. From the new account, trading can take placed unrestricted.
  4. Shareholders who have signed a share exchange agreement may open a new account at any time in order to trade IQPL shares as used to.
     
  • For shares in accounts that were not submitted and listed in a share exchange agreement with the future merger parent company, Engenavis Inc., trading can take place unrestricted.

The shares listed in the share exchange agreement will be converted to shares in Engenavis Inc. shares in late June or early July 2018.  

Shareholders who have not yet submitted an exchange agreement but would like to do now or later, may sign share exchange agreements at any time. This means that shares not yet committed for exchange can be committed by the shareholders simply by submitting the signed share exchange agreement to IQPL investor relations per Email.

Following the approval of the new listing of  Engenavis Inc. shares, the shares of IQPL will enter the de-listing process. Following a six month notification process, the shares of IQPL will no longer be traded.

Shareholders of both IQPL shares and the new Engenavis shares may trade both shares simultaneously during this parallel time.

 

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 statements of Bob Sullivan and George Weiss about the possible merger

 

 

Shareholders approve major steps in proposed company merger with Engenavis

 

  • Resolution for capital increase with 72% majority approved at the Extraordinary Shareholders’ Meeting
  • Share exchange agreements for over 170 million shares signed
  • Engenavis will have slightly over 67% of iQ Power Licensing after capital increase and execution of share exchange agreements
  • Due Diligence and receipt of funds still required to fulfill the conditions of merger

 

Zug, Switzerland, 27 April 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 the capital increase of 260 million shares at EUR 0,07 per IQPL share which is a key step for the merger with the green technology company in USA, Engenavis Inc., headed by star investor, George Weiss.

Approximately 170 million votes or 72% of the attendees were cast for the resolution at the Extraordinary Shareholders’ Meeting on April 27th in Zug.

In addition, Share Exchange Agreements have been signed to exchange over 170 million shares of iQPL shares for Engenavis shares. Combined with the share purchase of 200 million shares by Engenavis in the upcoming capital increase, Engenavis Inc. will possess slightly over 67% of current outstanding shares in the iQ Power Licensing AG.

All other major requirements on the side of iQ Power Licensing have been achieved, however further steps are necessary to achieve the merger. They include a successful conclusion to the on-going Due Diligence process by the end of May, 2018 and the conclusion the capital increase, anticipated for June this year. Following the conclusion of the capital increase, Engenavis will immediately apply for a new listing in Germany. Within approximately three months, trading of the new company will start and, following a six month notification period, the current shares of iQPL will be de-listed.

 

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

 

Merger of iQ Power Licensing AG into green technology company in USA

 

  • Board of Directors approve offer for merger with green technology company Engenavis in USA
  • Investment of minimum USD 17 million into iQ Power Licensing for new business initatives at EUR 0,07 / share
  • USA company, Engenavis Inc., headed by Wall Street star investor George Weiss
  • Merged new company will be named iQ POWER Inc.
  • Listing on Frankfurt General Standard and NASDQ planned
  • Complete merger into USA company planned at EUR 0,108 / share equivalent
  • Deal contingent on voluntary share exchange, shareholder approval and due diligence

Zug, Switzerland, 04 April 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 Board of Directors approve offer for merger with a green technology company in USA.

The merger partner 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 Toterra will be a subsidiary and a legally separate business unit.

The company has committed investment from a Wall Street institutional investor for USD 35 million or more, of which USD 17 million or more will be directly invested into iQ Power Licensing AG (IQP) for business expansion. The expansion plans shall be detailed in a separate report. The investment from the Wall Street institutional investor was based on a post-investment and post-merger valuation for Engenavis  of an estimated USD 120 million. iQ Power Licensing will be merged at a value of 38% of the new company, which will equal EUR 0,108 per share post-dilution.

Shareholders of IQP stock will be requested to sign share exchange agreements in advance of the upcoming extraordinary Shareholders’ Meeting (ESM) in late April. The exchange agreements will only go into effect at completion of the entire transaction. A 2/3 majority of ESM attendees and proxies will be required to approve creation of up to 260 million shares of share capital at EUR 0,07/share for the transaction. The transaction will take place as a private placement, limited to 10 subscribers including Engenavis, whereas Engenavis will take at least 200 million shares.

Following the transaction, the new company iQ POWER Inc. will apply to be listed as soon as possible in 2018 on the OTC in the USA and/or an OTC in Germany.  The listing on the Frankfurt General Standard and also on the NASDAQ exchange in the USA is planned for 2019. A possible listing in Singapore is being considered.

The shares of iQP will be de-listed around the same time as the new listing for iQ POWER Inc. comes into force. Shares not exchanged will continue to be valid, but cannot be traded on a public stock exchange thereafter. Following exchange of 90% of the old iQP shares into iQ POWER Inc., a 100% merger will be enacted.

In the next 60 days both companies will engage in a detailed examination, known as Due Diligence, of the other company. Following satisfactory conclusion of the Due Diligence and share exchange and shareholder approval, the agreement will be binding on all parties. In order to understrike the sincerity of the agreement, a USD 300.000 break-up fee for both parties has been agreed.

Bob Sullivan, CEO of iQ Power Licensing, states, “this is a once-in-a-lifetime opportunity for iQP 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 and a well-known executive with a sterling track record for creating shareholder value will ensure the success of the merged 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

CEO unveils Next Generation Battery Factory at AABC Conference

 

  • Presentation of revolutionary concept factory at the prestigious Advanced Automotive Battery Conference AABC in Mainz, Germany
  • Production time reduced by over 60% and energy savings of over 25% with batteries lasting up to 4 times longer at over 10% reduced costs using German technology
  • First factory to be operational in 2019  (GIL Battery, Middle East)
  • Market growth of flooded lead acid batteries confirms need for the iQ technology and advanced new battery plants

 

Zug, Switzerland, 2 February 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 technology behind the next generation battery factory.

At the prestigious Advanced Automotive Battery Conference AABC in Mainz, Germany, the next generation of battery factories which has been conceived by CEO Bob Sullivan of IQ Power Licensing AG together with German battery scientists was presented to an international audience consisting of the top experts for lead-acid battery technology.

iQ Power Licensing has been working on this technology concept for over a year in preparation for a new combined battery production and recycling factory to be operational in 2019 for an iQ Power client. In 2017, iQ Power created a new battery factory consulting services division, which is now in the final stages of approval for the first battery factory to be installed using iQ Power´s next generation concept.

The new factory will integrate numerous advanced new technologies and processes under one roof, amongst others, the combined technologies of iQ Power Licensing and the LEIT magnet technology to produce starter batteries capable of up to 4 times higher cycle life than normal starter batteries. In addition, some specially designed equipment and processes for curing and formation will reduce the production time by two thirds from 72 hours to less than 24 hours, while at the same time dramatically improving battery performance and reliability. The shorter curing and formation times will lead to an overall savings of 25% or more in energy.

Through the integration of the recycling to the battery production under one roof, it will be possible to go directly from the refining kettle to the casting machines and oxide mills without producing ingots, which must be transported and re-melted. This will save inventory, handling costs and freight costs compared to the conventional recycling and battery production methodology.

The new plant will be fully computerized using industry 4.0 technologies. Due to the high level of automation and intelligent communication, the factory requires less than half of the usually needed personnel.

In the coming years worldwide, the need for new battery manufacturing capacity, as well as new technology for modernizing existing plants will be significant. According to figures presented by industry experts at the AABC conference in Mainz, the market for lead-acid batteries will grow by around 40% over the next eight years, despite anticipated large growth in Li-Ion powered vehicles. During this time, production capacities with a volume of around 150 million units p.a. must be added and the market will grow from about 350 million units in 2017 to around 500 million units in 2025. The strong growth of the entire market comes mainly from emerging markets and strong growing Asian economies.

In the time until 2025, conventional lead-acid batteries sales will go down in volume in developed countries but increase rapidly in the warmer areas of the world such as Asia and northern Africa and the Middle East. In these countries, the cycle life of the battery is a major purchase criteria. The new EFB type battery quantities will grow by more than 500% in this time period, however from a comparatively still moderate level.

This significant growth trend in both conventional batteries in warmer areas and EFB batteries underscores the positive future for the iQ Power technology of passive electrolyte mixing.

 

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

Cooperation for revolutionary new battery performance technology announced

 

  • Cooperation with the LEIT magnetic antenna technology, a new Bulgarian battery technology innovation
  • In combination with the iQ Power technology LEIT can extend cycle numbers of flooded batteries up to 4 times of normal
  • New technology is supported by the Academy of Sciences, Sofia

Zug, Switzerland, 29 January 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 cooperation with the Bulgarian developer of a new lead acid battery performance technology.

At the prestigious Adavanced Automotive Battery Conference in Mainz, Germany, beginning this Monday 29th of January, the remarkable effects of the combined technologies of LEIT and the iQ Power passive electrolyte mixing are presented to an international audience by Dr. Boris Shirov (LEIT) and Bob Sullivan (iQ Power Licensing) in a combined presentation.

LEIT stands for `Low Electrical Impulse Technology´. This technology uses a specially programmed signal in a magnetic field to change the crystal structure of the lead oxide (battery active material).  The improved crystal structure enhances conductivity and results in better battery performance in low temperatures and a longer cycle life.

iQ Power Licensing has been working with and testing this technology for over a year at its Chemnitz laboratory. Internal tests have documented the complementary effects of passive electrolyte mixing with the magnet field signal. In general, a four times better cycle performance has been observed. This combination will mean that conventional lead acid batteries performance can be dramatically improved without special expensive techniques.

 

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

New Battery Factory and iQ Power technology licensee in the Middle East

 

  • Agreement reached for an iQ Power technology license and the consultancy and project management for new leading edge automotive battery factory
  • Integrated battery production and recycling plant with industrial company in the Middle East

Zug, Switzerland, 23 January 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 important development of interest to investors.

An agreement was reached with an experienced, privately-owned industrial company in the Middle East for an iQ Power technology license and consultancy for a new leading edge automotive battery factory. The agreement was reached already in late Dezember but announcement was held back due to uncertainty with local authorites. This uncertainty has been resolved today.

Construction of the new plant is already underway at the future factory location with building completion scheduled for the 2nd half 2018 and start of production in 2019.

The agreement, which is valid now, but can be rescinded if conditions dictated in the contract are not fulfilled, including the final approval of the iQ Power Licensing AG Board of Directors. Fulfillment of all conditions should be completed in March or April 2018, at which time, more details regarding the project will be released.

The agreement encompasses consulting and project management for the equipment and operation of an integrated leading edge lead-acid battery production including a recycling factory for used lead-acid batteries. After completion in 2019, the factory will be the most modern and most environmentally-friendly factory of its kind in the world. Several new technologies will be introduced for the first time, as well as many enhancements to state-of-the-art manufacturing methods.

Cornerstone of the battery factory will be the award-winning revolutionary iQ Power passive 360° electrolyte mixing technology, which has been proven to double the cycle life of flooded lead-acid starter batteries. The factory will provide advanced lead acid batteries for both passenger car and commercial vehicles. The factory is scheduled to produce 2 million batteries per year with expansion at a later date.

Environmental and economical savings will be achieved through the close integration of the lead-acid battery production under the same roof as the used lead acid battery recycling. The lead acid recycling factory will have a capacity for 30’000 metric tons of high quality lead per year. 

 

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

Japan awards iQ Power Licensing patent protection for its iQP-2 technology of passive electrolyte mixing for flooded batteries

 

  • Japan after China one of the most critical countries for granting patent protection
  • Patent applications for the iQ Power mixing technology continue at a 100% acceptance rate with national patent offices
  • Patent protection was granted in China and Russia for the iQ Power iQP-2 technology just a few months ago

 

Zug, Switzerland, 6 December 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 Intellectual Property Office of Japan.

The patent protection now granted in Japan is a major safeguard in one of the most important markets in the world. The application had been submitted more than four years ago. Patent protection had already existed for the predecessor version IQP-1.

Just a few months ago the State Intellectual Property Office of the People's Republic of China awarded iQ Power Licensing patent protection for its new generation IQP-2 of its passive electrolyte mixing technology for flooded batteries. Also, recently the Russian authorities have granted iQ Power Licensing patent protection for the same IQP-2 technology.

The recent protections achieved grant iQ Power Licensing the necessary backing by the respective national authorities when negotiating with interested licensees of these important countries and markets.

iQ Power Licensing AG has already received patent protection for its previous generation IQP-1 of 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 over 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.

No single patent application of the company has been rejected by the respective state authorities yet. This means a 100 percent approval rate. For all submissions, patent protection was also granted after the examination.

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 after the grant of the patent. The patent protection for iQP-2 will endure until the end of 2032.

 

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