DGAP-News: iQ Power to Start Selling in Southeast Europe
(firmenpresse) - iQ Power AG / Key word(s): Miscellaneous
28.09.2010 18:00
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iQ Power to Start Selling in Southeast Europe
- 2010 to see the start of sales in the countries of former Yugoslavia,
as well as in Bulgaria and Albania
- Exclusive sales partner for the innovative ECO batteries is FEBI GAP
d.o.o., the foreign operating company of FEBI Bilstein, a leading
supplier of automotive spare parts
- Initial inquiries from several countries already on hand
Zug/Switzerland, 28 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 is extending
its internationalization strategy to southeast Europe.
After the successful conclusion of an agreement with Smart Battery Inc. in
the United States and the start of lead plate production in Malaysia, iQ
Power is pleased to announce that it is broadening its European sales base.
Effective immediately, the environmentally friendly ECO batteries from iQ
Power will begin being supplied to the southeastern European countries of
Bosnia-Herzegovina, Serbia, Montenegro, Slovenia, Croatia, Bulgaria and
Albania. The exclusive sales partner for this region is FEBI GAP, a
subsidiary of the renowned FEBI Bilstein, one of the leading manufacturers
and suppliers of passenger car and commercial vehicle spare parts on the
independent European aftermarket. The two companies signed a related sales
partnership agreement in conjunction with Automechanika in Frankfurt. A
large number of FEBI GAP customers visited and expressed great interest in
iQ Power's stand during the trade show. iQ Power has already received
specific customer inquiries and anticipates making the first product
deliveries in the fourth quarter of this year.
'Our positioning in southeast Europe ties in nicely with our sales
operations' favorable performance in other European countries, such as
Italy, Spain, Portugal, Austria and Switzerland,' said Charles Robert
Sullivan, the CEO of iQ Power AG. 'We are convinced that the superb
technology and quality of our products will set completely new standards in
this region as well.' With FEBI GAP, iQ Power was able to acquire a
prestigious company as its exclusive sales partner and one that is superbly
postured in these southeast European countries with a sales staff of 24
experienced professionals. 'We are looking forward to a successful
collaboration. After all, FEBI is synonymous with unsurpassed quality and
excellent customer service - values that exactly match our policies here at
iQ Power,' added 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).
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(at)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(at)gfei.de
www.gfei.de
28.09.2010 18:00 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
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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(at)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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Datum: 28.09.2010 - 18:00 Uhr
Sprache: Deutsch
News-ID 32267
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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