PTA-News: iQ Power Licensing AG: Among the TOP 10 for the GreenTec Awards 2017

Donnerstag, 24.11.2016 08:55

Business news for the stock market

Zug (pta013/24.11.2016/08:55) - ,

* The GreenTec Awards is the biggest and most important prize worldwide for innovations in the field of environmental protection and sustainability
* iQ Power Licensing in the category "Mobility" is on the short list of the top ten according to the expert jury voting
* Innovative electrolyte mixing in car batteries with great advantages for consumers and the environment through double product life and low CO2 footprint

Zug, Switzerland, 24 November 2016 - 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, is among the TOP 10 candidates for the GreenTec Awards 2017 in the category "Mobility". The GreenTec Awards is the biggest and most important prize worldwide for innovations in the field of environmental protection and sustainability. Sponsorship of the category "Mobility" is taken over by the German Association of the Automotive Industry, VDA.

The expert jury voting is now followed by a public online voting. Through the website of GreenTec Awards ( http://abstimmung.greentec-awards.com ), everyone can cast their vote for the best project in the respective categories from their point of view. Public voting ends on January 06, 2016. The respective TOP 3 in each category will be selected at the final jury meeting at the end of February 2017. The big gala event will take place on May 12, 2017 in Berlin, where all finalists will be honored.

Advantages of the iQ Power innovation for consumers and the environment
The innovation of iQ Power Licensing, the passive electrolyte mixing for starter batteries, offers considerable advantages, both for the consumer and for the environment and sustainability: Car batteries with integrated electrolyte mixing achieve a double life time and a double the number of cycle counts. The mixing technology is based on non-moving (passive) simple plastic components in the battery. Coupled with the forces from the vehicle dynamics when driving, these components provide automatic and efficient 360 degree circulation and a complete electrolyte mixing in the battery. The advantages: No loss of capacity (Ah) due to harmful acid stratification as usual with normal batteries, always full function of the electrochemistry by a homogeneous electrolyte, minimal costs with maximum advantages for consumers and the environment.

The importance of the innovation on sustainability and CO2 emissions is obvious in the case of a product with double life: The CO2 footprint is only half as large as in the case of conventional identical products over the product life span. There are also fewer raw materials and recycling materials in circulation. Based on a world-wide production of around 390 million starter batteries per year for 4-wheeled vehicles, this results in a saving of around 9.6 million tonnes of CO2 per year. Moreover, the quantity of lead in circulation could be permanently reduced by around two million tonnes per year.

GreenTec Awards
The GreenTec Award ( http://www.greentec-awards.com ) is the most important environmental award worldwide. The prestigious prize is awarded annually to outstanding innovations in the field of environmental protection and sustainability in over ten different categories. The final award ceremony will take place in Berlin on May 12, 2017, as a tenth anniversary gala, in front of about a thousand guests from the worlds of business, politics, show and press.

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, is the first significant innovation to the flooded starter battery in decades. Automatic mixing of electrolyte inside the battery ensures uniform acid density for higher sustained performance throughout the entire life of the battery. 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.

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emitter: iQ Power Licensing AG
address: Metallstrasse 6, 6304 Zug
country: Switzerland
contact person: Dr. Eva Reuter
phone: +49 251 9801560
e-mail: e.reuter@dr-reuter.eu
website: www.iqpower.com

ISIN(s): CH0268536338 (share)
stock exchanges: open market in Berlin

[ source: http://www.pressetext.com/news/20161124013 ]