09/14/2018 | Press release | Distributed by Public on 09/14/2018 07:28
Zug, Switzerland, 14 September 2018 - 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 that CEO Bob Sullivan has invested € 20.000 in the companies CB convertible bond 2021 (ISIN: DE000A1GXE20). This announcement is made to comply with stock exchange regulations regarding Directors' Dealings and Insider Trading.
CEO Sullivan stated: "This investment was made as there are still bonds available and unsubscribed. The CB are available to all iQ Power shareholders on a first-come-first-serve-basis."
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:www.iqpower.com/en