iQ International AG: iQ International AG Adds Industry Leaders to Its Advisory Board

Continues expansion of environmentally friendly 360° Mixing(TM) batteries

New Advisory Board Members

[ Fotos ]

Scottsdale, AZ - April, 23, 2020 (pta011/23.04.2020/09:10 UTC+2) iQ International AG (ISIN CH0451424300/WKN A2PAA5/Symbol IQL), a multinational Sustainable Technologies company publicly traded on the Regulated Market of the Frankfurt Stock Exchange with its global head office in Zug, Switzerland and North American headquarters in Scottsdale, Arizona, is adding three industry leaders to its Advisory Board to assist the Company in its expansion plans.

Dennis Brown: Dennis retired from Interstate Battery, where he served as Chief Marketing Officer from 2004 - 2015. His 40 years of industry experience also included various leadership positions with Johnson Controls International (JCI) Power Solutions, which is now Clarios, a subsidiary of Brookfield Business Partners.

Ray Brown: Ray has spent the past 35 years with a specific focus on the energy storage industry. He retired from JCI in 2010, where he served 30 years in various global leadership roles in the Power Solutions division build-up. Since then, he has served on multiple Boards of Directors, including Amara Raja Batteries Ltd. in India.

Allen Martin: Allen is an energy storage industry veteran of 12 years. He left JCI in 2013 after serving 30 years in multiple leadership positions, most recently as Vice President/General Manager, Global Aftermarket, Power Solutions division. Allen is currently an independent distributor and franchisee with Interstate Battery.

"It is an honor to work with these distinguished individuals who truly built this industry and its leading companies," said Kevin T. Loman, iQ International AG CEO. "iQ's executive management team and I are fortunate to have access to the wisdom and experience these gentlemen bring to the company as we grow to meet an ever-increasing industry demand."

As previously announced, iQ International AG is expanding its operations and integrating its technologies into existing manufacturing operations to secure capacity to meet the growing demand it is facing for batteries with its 360 Mixing(TM) technology. These three new members will join the Industry Advisory Board's chairman, Michael Tapp, who also serves as a member of the Company's Board of Directors, and they will be an integral part of iQ's integration process execution and oversight.

A growing market for SLI technology
Demand for higher performance SLI batteries continues to accelerate. To comply with increasing environmental regulations mandating CO2 emission reductions, OEMs are utilizing start-stop, passive boost, and regenerative breaking technologies. In addition, consumer demand for cutting-edge infotainment/comfort features and improved passenger safety requirements have led car manufacturers to install ever increasing numbers of electrical components in automobiles, significantly increasing the electrical load on auto batteries. iQ's 360° Mixing(TM) batteries are replacing major known national brands, and iQ and its distributors have won significant tenders in the UAE and U.S. with government and private fleets. iQ's technologies are seamlessly integrated into the existing production processes and offer one of the most cost-effective ways to meet these increasing battery performance requirements.

"We are so excited about the growth opportunities for this market and to be able to do it in a way that will have a positive impact on the environment," said Roland Koch, member of iQ International's Board of Directors. "Our goal is to increase our market share and help reduce the CO2 load that the transportation industry adds to the environment each year, helping car makers meet the stringent emissions reduction mandates."

It is estimated that by 2025, the market demand for Absorbent Glass Mat (AGM) and Enhanced Flooded Battery (EFB) with 360° Mixing(TM) battery types will be 150-180 million annually, nearly 30% of the total market. iQ's EFB with 360° Mixing(TM) matches or exceeds the performance of the more expensive and heavier AGM battery widely used and promoted by industry incumbents.
More information on iQ's expansion plans and leadership team is available on its website, www.iqint.com.

About iQ International AG
iQ International AG is a multinational sustainable technologies company listed on the Regulated Market of the Frankfurt Stock Exchange. The Company licenses parts of its IP portfolio, and manufactures/distributes highly efficient lead acid batteries that meet the increased need for cycle life in today's global automotive and storage markets. Its award-winning innovative technology is used to create superior, long-lasting, OEM-approved Starting-Lighting-Ignition (SLI) batteries. Batteries with iQ International AG technologies are designed to generate better performance in today's highly electrified vehicles, particularly vehicles with Start-Stop applications. Studies have shown that if the Company's technology was the standard in the industry approximately 15 million tons of CO2 would be saved in the transportation industry each year, helping car makers meet the stringent emissions reduction mandates.

# # #

Dennis Brown
Dennis Brown has been in the energy storage business for more than 40 years. He joined Interstate Battery in 1991 and retired in 2016 after 25 years of service. Initially, Dennis led the sales and marketing efforts to transform Interstate's focus on independent outlets to become the industry leader in the sales and distribution of lead acid batteries. Under his sales and marketing leadership, the company grew from 8 million units to more than 17 million units, the largest battery distributor in the US automotive aftermarket.

While at Interstate Battery, Dennis co-patented the ED-18 Early Diagnosis Battery Tester and developed a system of preventative selling that has been adopted as the standard in the aftermarket. Dennis also served as President of Interstate All Battery, before being named Senior Vice President and Chief Marketing Officer at the enterprise level, a position he held from 2004-2015. During this time, he also served as an advisor to the Interstate Battery Board of Directors.

Prior to his tenure at Interstate Battery, Dennis was a senior executive with Johnson Controls International (JCI). While at JCI, he held various leadership positions including Marketing Planning and Research Manager, National Sales Manager NAPA/ Genuine Parts Company, National Sales Manager Diehard Brand, and Business Group Manager OEM - Chrysler, Nissan and Diamond Star Motors.

Dennis attended Wayne State University. He has been married to his best friend, Beth for over 40 years, and they live in the Dallas, Texas, area. Together they have 3 children. In his off time, he enjoys hiking with Beth, golfing with friends, and fishing at the lake. Dennis has served on the Board of Directors for Care Net.

# # #

Ray Brown
Ray Brown has been in the automotive industry for more than 35 years with a specific focus on the energy storage segment. During his time at Johnson Controls International (JCI), Ray held numerous executive positions in the Power Solutions business, including Vice President of Sales, Marketing, and Business Development for Asia and the Pacific; Vice President of Automotive Aftermarket Sales and Marketing for North America; and Vice President of Automotive OEM Global Sales and Engineering. In these roles, he was instrumental in growing the JCI OEM battery business from a US-only position into becoming the global leader it is today. As a result, Ray was directly involved in developing and launching new markets, joint ventures, and acquisitions in Mexico, India, Japan, Korea, South America, and Europe.

Ray has also been influential as the project lead for several JCI battery factories. Ray's career in the SLI battery industry has been a driving force in evaluating and purchasing businesses; initiating and managing joint ventures; planning, building and overseeing new battery plants, global segment management; and large OEM customer relationships, including General Motors, Ford, Chrysler, Honda, Mazda, VW, Mercedes, BMW, and Geely.

Ray retired from JCI in 2010 after 30 years of service in the Power Solutions business. Since then, he has served on the Board of Directors of multiple companies including Amara Raja Batteries Ltd. in India.

Ray holds a holds an accounting degree from Pennsylvania State University. In addition to being an avid golfer, he and his wife, Kathy, enjoy spending time with their adult children and grandsons. They devote time to their church, a local food bank, and to St. Jude's, and they love traveling.

# # #

Allen Martin
Allen Martin has been in the automotive industry for more than 12 years. Prior to becoming an independent owner and franchisee of Interstate Battery, he held multiple global positions at Johnson Controls International (JCI) within the Power Solutions and Building Efficiency divisions.

When he left JCI in 2013, Allen was Vice President/General Manager, Global Aftermarket Business, where he established and built a global management team and growth strategy for the automotive aftermarket battery business with an emphasis on emerging market growth. From 2009 to 2012, Allen was Vice President/General Manager for North and South America, where he oversaw JCI's lead-acid and recycling business, including sales and plant operations. The lead-acid automotive and advanced batteries supported Start-Stop, hybrid, and traditional vehicles for major automakers and aftermarket retailers.

Allen also oversaw the establishment of JCI's joint venture with a Colombian battery manufacturer to expand the company's footprint in South America and managed the JCI effort to gain Wal-Mart's battery business. Additionally, Allen managed the annual capital expenditure budget to expand existing plants and build new plants in support of corporate growth objectives.

Allen holds a Bachelor of Science in Mechanical Engineering/Mechanical Technology from LeTourneau University and a Master of Business Administration from Northwestern University - Kellogg School of Management. Allen lives with his wife Debra in Miramar Beach, Florida, and have two daughters and three grandchildren. They enjoy boating, bike riding, traveling, and spending time with their family, as well as rooting for the Louisiana State University football team.

# # #

(end)

Emitter:	iQ International AG Landis + Gyr Strasse 1 6300 Zug Switzerland
Contact Person:	Eva Reuter
Phone:	+41 41 768 03 63
E-Mail:	ereuter@dr-reuter.eu
Website:	www.iqinternational.com
ISIN(s):	CH0451424300 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin