Business news for the stock market

iQ Power Licensing AG: Test Series for New Truck Batteries in Brazil Started

Zug, Switzerland, 28 August 2018 (pta040/28.08.2018/19:35 UTC+2) ,

- Start of test of iQ Power mixing parts for the most popular large size truck and bus batteries with Brazilian technology licensee
- Positive feedback from current OEM using iQ Power electrolyte mixing technology in running car battery order

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 start of testing for large truck and bus batteries with iQ Power electrolyte mixing technology with its Brazilian licensee.

The Brazilian licensee, the largest battery producer in Brazil and South America, has started testing the iQ Power electrolyte mixing technology in lead acid starter batteries for trucks and busses after applying this technology for current car battery orders. Trucks and other large commercial vehicles are much harder on batteries than passenger cars due to long periods of use while the engine is not running and use to power many more electrical appliances and motors than cars. This makes the batteries more susceptible to harmful acid stratification.

Reports from the OEM, using the iQ Power electrolyte mixing technology in its passenger cars for more than one and a half years are extremely positive. The batteries of the Brazilian licensee featuring this technology are used in one of the top models of a European-American automobile company using stop-start engine application. Although sales of the respective model is relatively small, the car, which uses the iQ Power mixing device, is the top selling start-stop vehicle in Brazil.

Due to the economic crisis in the South American country, the mandatory tougher emission standards have been postponed. The economic crisis has led to increased price sensibility and customers are not generally willing to pay extra for the fuel saving start-stop engine technology.

A very interesting feature of the iQ Power mixing parts in batteries for large commercial vehicles is the double use as a lead plate hold down device. The new iQ Power truck battery plastic parts incorporate extra supports which very effectively keep the plates from loosening. Commercial vehicle batteries are subject to higher vibration and shock forces due to different operating environment than car batteries. The vibration and shock forces can loosen the plates and cause premature battery failure.

The Brazilian licensee, has just opened a new 37.000 square meter factory for truck and commercial vehicle batteries. The state-of-the-art factory, located near the main factory complex, will have a capacity of 2.7 million large batteries per year within three years. The plan is to introduce an EFB battery for trucks and other commercial vehicles. The leading competitor in Europe has already an EFB battery which features their version of electrolyte mixing parts. Tests, however, have proven the iQ Power principle of electrolyte mixing to be much more effective than any other existing technology of this kind.

Due to rigorous testing and the need to repeat the tests several times before product introduction, test phase will not be concluded until sometime in 2019. The new truck batteries will be for the aftermarket.

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:


Emitter: iQ Power Licensing AG
Metallstrasse 6
6304 Zug
Contact Person: Dr. Eva Reuter
Phone: +49 251 9801560
ISIN(s): CH0268536338 (Share)
Stock Exchange(s): Free Market in Berlin