iQ Power Licensing AG: iQPLAG announces strong sales within first month of iQ Power Asia factory re-start

Zug / Gwangju, South Korea (pta023/08.07.2015/16:26 UTC+2) ,

- Re-start of production started on 15 June 2015
- First month sales of more than 43,000 batteries
- Deliveries to 15 different countries

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 successful re-start of sales at the Korean factory. The factory was allowed to start under financial re-structuring at the end of May and after a two week repair and maintenance period, the production was able to re-start on 15 June 2015.

During the first month the plant was able to sell more than 43.000 batteries to customers in 15 different countries, mainly in Asia and North America. This was a very good result.

With the financial support of Discover Energy, many optimization measures are being carried forth in the factory, which will also relieve bottlenecks in the production. The processes were plagued by many small equipment problems due to a total lack of proper maintenance during the time of the former management and financial stress.

Due to personnel restraints, the plant is only able to operate on a one shift basis. It has not yet decided when the plant will change to multiple shift operations. Currently plant salaried staff is working daily overtime to keep up with the demand.

iQ Power Licensing has sent 2 motion simulator devices and will be sending German engineers to carry out production audits and training in the near future. In addition, the current product line will be expanded from 9 to 11 models in August and will be further increased to 16 models by the end of this year, including the first commercial truck batteries.

Bob Sullivan, CEO of iQ Power Licensing and interim CEO of iQ Power Asia, emphasized that both Discover Energy and Daewoo as well as many other former customers have expressed great satisfaction that the plant is returning to normal operations. The customers have all expressed their interest in long term deliveries.

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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