11:02 | 21.10.2008
DGAP-News: iQ Power AG: iQ Power Sales Efforts in Germany Posting Major Gains
iQ Power AG / Miscellaneous
21.10.2008
Release of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Zug, 21 October 2008. – iQ Power in Germany is reporting increased sales of
its new family of innovative automobile batteries a mere four weeks after
presenting these remarkable new products at the Automechanika show in
Frankfurt. Six more big-name auto-parts distributors will be adding iQ
Power products to their product offerings. All together these distributors
cover several hundred affiliated automotive service centers and dealerships
in Germany, or have their own retail outlets and branches throughout the
country.
‘We will be represented nationwide in every state in Germany by the end of
this year,’ said Ludwig Meccanico, the head of sales at iQ Power. By then
any motorist will be able to buy our innovative HEAT, COLD and STATUS
batteries at a nearby auto-parts store or service center.
As things look today, Meccanico projects that revenues for the next full
year will exceed ten million euros from what are so far just these sales
partners in Germany.
About iQ POWER
iQ POWER AG specializes in the development and marketing of intelligent
systems solutions for electrical energy storage systems and electrical
power management (Smart Energy Management, SEM(TM)) in on-board networks for
cars and other vehicles. Among its many achievements, the company,
headquartered in Zug/Switzerland, designed and built the world’s first
software-driven intelligent car battery. The development and engineering
company responsible for this invention is Munich-based iQ POWER Deutschland
GmbH, a wholly owned subsidiary of iQ POWER AG. iQ POWER AG is a publicly
listed corporation whose shares are traded on the Frankfurt Stock
Exchange’s regulated market (General Standard segment), on the open markets
at the exchanges in Berlin, Düsseldorf, Munich and Stuttgart, and on the
XETRA trading system (ISIN: CH0020609688, WKN: A0DQVL, IQPB). -
Visit www.iqpower.com for more information.
21.10.2008 Financial News transmitted by DGAP
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Language: English
Issuer: iQ Power AG
Baarer Strasse 137
6300 Zug
Schweiz
Phone: +41 41 7666 926
Fax: +41 41 7666 940
E-mail: investor-relations@iqpower.com
Internet: www.iqpower.com
ISIN: CH0020609688
WKN: A0DQVL
Listed: Regulierter Markt in Frankfurt; Freiverkehr in Berlin,
Stuttgart, München, Düsseldorf
End of News DGAP News-Service
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