pta20161206031
Business news for the stock market

iQ Power Licensing AG: New main distributor in Bahrain for ECO batteries from iQ Power

Zug / Gwangju, South Korea (pta031/06.12.2016/14:40 UTC+1) ,

* Strong re-ordering of ECO batteries by new partner

Zug / Gwangju, South Korea, 06. Dezember 2016 - - 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 main master distributor for the Gulf State of Bahrain: the company Abdulla Yousif Fakhro & Sons.
The company is another master distribution partner, which sell battery products with iQ-Power technology in their respective countries of the Gulf region.

The company Fakhro specializes, among other things, in the trade of vehicle parts and industrial products and for decades represents many internationally renowned brands. The car parts are sold directly to commercial customers as well as to end users via a dealer network of around 300 partners throughout the country. The new ECO batteries with electrolyte mixing have been well received in the market. Fakhro has already placed larger re-orders of the product.

About the iQ Power Technology
Batteries with iQ Power technology are designed to generate better performance in Start-Stop applications and to meet the growing demands of electronic usage in vehicles today, is the first significant innovation to the flooded starter battery in decades. Automatic mixing of electrolyte inside the battery ensures uniform acid density for higher sustained performance throughout the entire life of the battery. This prolongs plate life by eliminating acid stratification and thermal gradients, delivering greater material utilization for a lower cost per cycle over conventional batteries. The patented technology was awarded the coveted Automechanika innovation award 1st prize in 2010.

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Emitter: iQ Power Licensing AG
Metallstrasse 6
6304 Zug
Switzerland
Contact Person: Dr. Eva Reuter
Phone: +49 251 9801560
E-Mail: e.reuter@dr-reuter.eu
Website: www.iqpower.com
ISIN(s): CH0268536338 (Share)
Stock Exchange(s): Free Market in Berlin
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