Sunday, February 25, 2007 8:13:55 PM
I hope your investment works out.
iQ Power and LEVO Batteries Form Strategic Partnership
iQ POWER AG (ISIN: CH0020609688, WKN: A0DQVL, IQPB) and the Swiss company LEVO Batterien AG have signed an agreement forming a strategic partnership. The object of the cooperation is the production of innovative vehicle batteries for iQ POWER in accordance with its technology specifications.
This partnership puts iQ POWER in a position to produce battery systems right now containing the iQ Technology that was developed by iQ POWER and to provide these products to customers for the purpose of undergoing their clearance and release procedures. The agreement calls for manufacturing various types of batteries. This collaboration with LEVO bridges that period of time until iQ POWER begins production of its smart battery systems at its own site in Dortmund and manufacturing gets rolling at iQ POWER Asia’s new plant in South Korea.
LEVO Batterien AG is a midsized Swiss company with over 50 years of experience in the manufacturing and business of lead/acid batteries for various applications. LEVO Batteries is today the sole maker in Switzerland that produces, among other things, starter batteries for automobiles and commercial vehicles, such as trucks, tractors and construction machinery.
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