iQ Power AG
iQ Power AG: iQ Power and Leading Battery Manufacturer Moura Sign Long-Term License Contract
iQ Power AG / Key word(s): Contract 02.07.2014 14:34 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- iQ Power and Leading Battery Manufacturer Moura Sign Long-Term License Contract - Long-term License Agreement with largest battery manufacturer in South America following pre-agreement. - Exclusivity for South America and Caribbean - New type of Enhanced Flooded Battery (EFB) with iQ Power Mixing Technology for OEM start-stop batteries - Applications also possible for heavy duty commercial and truck market - Upfront Royalty to be paid Zug/Switzerland, 02 July 2014 - iQ Power AG (ISIN: CH0020609688, German Securities Code Number (WKN): A0DQVL / Symbol: IQPB, ISIN: CH0199540599 / German Securities Code Number (WKN): A1J7TW), a developer and marketer of technologies for environmentally friendly and technologically innovative starter batteries for motor vehicles and licences in these technologies, announces the signing of a long-term license agreement with Acumuladores Moura S.A., Belo Jardim, Brazil. The license agreement secures Moura the exclusivity with the patented iQ Power electrolyte mixing technology for lead-acid batteries produced in South America and the Caribbean. The agreement followed a two year development under a preliminary agreement between the two companies. Moura will pay an upfront royalty plus a license fee per battery. Strict confidentiality was contractually agreed as to the amount of upfront royalty and license fee per battery. The amount of royalties paid per battery per the contract assures that there will be no competitive disadvantage to other licensees. The goal of Moura is to develop a superior flooded lead-acid battery (EFB) for sale to OEMs for the new generation of Start-Stop engines (micro-hybird), which will be required to meet new environmental standards enacted by the Brazilian government. The passive mixing device will aid the already high-quality EFB developed by Moura to achieve longer life and better cycle times. The EFB with iQP technology will be on competition with the more expensive and temperature-sensitive AGM Batteries now used by OEMs for Start-Stop engines. Beyond this application, Moura will test the iQP technology for use in heavy duty commercial applications, where cycle time is a critical factor. In addition, following OEM use, the batteries will be sold to dealers as original equipment spares (OES). The privately held company Acumuladores Moura S.A. is the largest battery manufacturer in South America, with several large battery factories in Brazil and Argentina and producing over 6,5 million batteries per year. Moura has more than seventy commercial distribution centers and is the largest supplier to OEMs in South America, with a market share of 50% or more. Customers of Moura include the world's biggest auto manufacturers such as GM, Volkswagen, Ford, Iveco, and FIAT-Chrysler among others. The company has won many excellence awards and produces all types of batteries including marine, UPS, motive power and solar applications. Bob Sullivan, CEO stated, "The agreement is significant due to the fact that Moura will achieve a sustainable long-term competitive advantage for the micro-hydrid engines through having the only complete circulation mixing technology available anywhere in the world. These batteries will be the product of choice for the majority of micro-hybrids, which will be the dominant engine type for passenger cars in the coming years. The homologation in South America will set a standard allowing for quick acceptance by all manufacturers worldwide." The passive mixing elements allow for a homologous electrolyte mixture in the battery at all times. Batteries without such a device experience stratification, i.e., heavier acid separates itself from the water over time at the bottom of the battery case. This results in sulfation and increases the internal resistance to re-charging. These conditions are a primary reason for battery failure. The use of passive, non-moving, inexpensive plastic parts is a low cost and highly effective way to prolong the life and speed re-charging of the battery. The new generation mixing device iQP-2 is universally applicable to all passenger car and heavy-duty commercial batteries and requires no investment or changes to the production on the part of the battery factories. iQ Power owns all tooling necessary and can deliver the parts on a piece-by-piece basis to all licensees. The patent for the device iQP-2 has received complete preliminary approval from the European Patent Office and will be nationalized worldwide over the coming months. About iQ POWER iQ Power develops and markets technologies for new types of starter battery. At the heart of this patented technology are the world's first starter batteries to feature more efficient automated electrolyte mixing with passive elements. 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 (common shares, ISIN: CH0020609688, WKN: A0DQVL, IQPB) are traded on the regulated market (General Standard) of the German Stock Exchange in Frankfurt, as well as on the stock exchanges in Berlin, Düsseldorf, Stuttgart and Munich. The new voting and preferred shares (ISIN: CH0199540599, WKN: A1J7TW) of the company are listed on the OTC market of the Berlin Stock Exchange as of June 30, 2014. Contact: Company Contact: iQ Power AG Metallstrasse 6 6304 Zug Schweiz info@iqpower.com www.iqpower.com Investor Relations Contact: Dr. Reuter Investor Relations Dr. Eva Reuter Mendelstrasse 11 D-48149 Münster Tel: +49 (0) 251 980 1560 Fax: +49 (0) 251 980 1569 e.reuter@dr-reuter.eu www.dr-reuter.eu 02.07.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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 Announcement DGAP News-Service ---------------------------------------------------------------------------
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