iQ Power AG / Miscellaneous
17.03.2010 11:48
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
iQ Power AG: Innovative Starter Batteries Have the Potential for Saving 15
Million Tons of CO2 a Year
- ECO innovation: Annual savings potential from innovative battery
technology is 1 million tons of lead and 15 million tons of CO2
emissions
- Commodity value of saved raw materials totals about $2.3 billion
Zug/Switzerland, 17 March 2010 - iQ Power AG (ISIN: CH0020609688, WKN:
A0DQVL, Symbol: IQPB), the developer of environmentally friendly and
technologically advanced starter batteries for motor vehicles is pleased to
announce the potential savings that can be achieved by using the company's
innovative batteries with their exclusive electrolyte mixing feature.
Each year some 15 million tons of CO2 emissions could be saved if the
innovative electrolyte mixing feature in the ECO batteries from iQ Power
and the vastly improved efficiency of the electrochemistry that comes with
it were the universal standard for automotive starter batteries. In terms
of fuel, these savings correspond to the equivalent capacity of 25
supertankers full of gasoline. The innovative technology behind automatic
electrolyte mixing, an invention patented by iQ Power, not only reduces CO2
emissions, but also what until now has been that typical loss of battery
capacity caused by acid stratification. This capacity loss can be as
serious as 40 percent in conventional starter batteries. Electrolyte mixing
is how ECO batteries from iQ Power ensure both a consistently superior
starting capability and a longer service life. As if these benefits were
not enough, iQ Power also backs up its products with a 3-year warranty.
iQ Power batteries with electrolyte mixing require less lead than today's
conventional starter batteries, which in turn reduces the weight of ECO
batteries by 15 to 22 percent or several kilograms depending on the type.
In a world market of about 220 million car batteries a year, this weight
advantage represents the potential for saving some 1 million tons of lead
each year, a figure that corresponds to about 11.5 percent of the global
demand for this commodity. Some 8.6 million tons of lead were consumed
worldwide in 2008 of which about 6 million tons were processed for use in
car batteries. At lead's current market price of $2,300 per ton, this
amount of raw material saved has a commodity value of approximately $2.3
billion.
'By using our batteries, car makers can conserve resources and lower their
vehicles' weight and fuel consumption, while simultaneously reducing the
carbon emissions of their fleet,' was how iQ Power AG CEO Charles Robert
Sullivan explained the benefits for OEMs. Besides high quality and longer
product warranties, ecological considerations are becoming an increasingly
important factor in purchasing decisions. 'Consumers and buyers are paying
more attention to ecologically sound products that deliver outstanding
value for the money as a way of making an active contribution to
safeguarding the environment,' continued Sullivan.
The steadily rising demand for more efficient automobiles is just one facet
of the direction highlighted by this trend. 'We believe that this trend has
only just begun, and that we are superbly positioned to respond to and
satisfy this change in consumer behavior with our environmentally sound,
technologically advanced and economical starter batteries,' emphasized
Sullivan. 'Consequently, we have put our European sales activities into
high gear following the successful sales start-up in Germany in order to
accommodate the growing demand from other parts of Europe.'
The Board of Directors
About iQ POWER
iQ POWER AG is a developer and supplier of innovative starter batteries for
motor vehicles. The products are technologically advanced, deliver greater
efficiency, and are environmentally sound and lighter in weight. The
company's many achievements include the development of the world's first
software-controlled smart car battery. Industrial batteries and system
solutions for electrical energy management in vehicles help round out its
spectrum of activities.
The company's operational element is iQ POWER GmbH in Chemnitz (Germany),
which is a wholly owned subsidiary of iQ POWER AG. Headquartered in Zug
(Switzerland), iQ POWER AG is a publicly listed stock corporation whose
shares are traded on the regulated market (General Standard segment) of the
Frankfurt Stock Exchange, over the counter on the securities exchanges in
Berlin, Düsseldorf, Munich and Stuttgart, as well as on XETRA (ISIN:
CH0020609688, WKN: A0DQVL, IQPB).
Contact:
Company Contact:
iQ Power AG
MetallstraÃe 9
CH-6304 Zug
Tel.: +41(0)417680363
Fax: +41(0)417680368
info@iqpower.com
www.iqpower.com
Investor Relations Contact:
GFEI Aktiengesellschaft
Hamburger Allee 26-28
60486 Frankfurt am Main
Tel: +49(0)69 74 30 37 00
Fax: +49(0)69 74 30 37 22
iQPower@gfei.de
www.gfei.de
17.03.2010 11:48 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
---------------------------------------------------------------------------
Language: English
Company: iQ Power AG
Metallstrasse 9
6304 Zug
Schweiz
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; Freiverkehr in Berlin,
München, Düsseldorf, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------------
DGAP-News: Innovative Starter Batteries Have the Potential for Saving 15 Million Tons of CO2 a Year
| Source: EQS Group AG