iQ Power AG / Key word(s): Miscellaneous 17.09.2010 11:10 --------------------------------------------------------------------------- iQ Power AG: Production of Lead Plates Begins in Malaysia - Production in Malaysia enables manufacturing partners in Europe to increase battery output - Export still set to begin in September 2010 - Capacity expansion ensures the ability to fulfill future orders Zug/Switzerland, 17 September 2010 - iQ Power AG (ISIN: CH0020609688, WKN: A0DQVL, Symbol: IQPB), the developer and marketer of eco-friendly and technologically advanced starter batteries for motor vehicles, has reported the start of lead plate production at the manufacturing plant in Malaysia. Following extensive modernization work and investments in new systems by KG Power, the Korean venture partner and plant owner, the facility has now begun the ongoing production of lead plates for export. iQ Power AG is pleased to announce the start of lead plate production in Asia on the heels of the 16 September announcement of an agreement being signed with Smart Battery Inc. for entry into the U.S. and North American markets. Experts from iQ Power will be on site at the plant to ensure that iQ Power's strict quality specifications are met. At the same time, the facility in Malaysia has also begun manufacturing lead plates for Asian battery sizes, which are designated for iQ Power Asia's battery plant in Korea. iQ Power Asia will be the primary customer for lead plates from KG Power Malaysia. iQ Power Asia's battery plant in Gwangju, Korea will begin manufacturing batteries in fourth quarter 2010. The lead plates for DIN-formatted batteries that began being produced this week at KG Power Malaysia are earmarked for export to Europe and will not only increase the production capacity of iQ Power's battery manufacturing partners ahead of the upcoming battery season, but also enable them to respond to the continuously growing number of orders coming in. 'We are simply delighted that we can now let everyone know about the start of battery plate production in Malaysia, especially after having successfully signed the agreement in the United States,' said Charles Robert Sullivan, the CEO of iQ Power AG. 'This puts us in a position to significantly increase our battery production figures and meet the growing demand for our innovative ECO batteries. This start-up of production in Malaysia largely validates our internationalization and expansion strategy,' emphasized Sullivan. The CEO 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 operational portfolio. 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 Metallstrasse 9 6304 Zug Schweiz Tel.: +41(0) 41 768 03 63 Fax: +41(0) 41 768 03 68 info@iqpower.com www.iqpower.com Investor Relations Contact: GFEI Aktiengesellschaft Hamburger Allee 26-28 D-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 17.09.2010 11:10 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. 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 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 München, Düsseldorf, Berlin, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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