Iq Power AG (fka IQPOF)

[Aduke]

First Batteries in Asian Standard with iQ Power Technology arrived in Europe

23JAN2012

16 Containers with over 18.000 batteries delivered

Next shipment to Europe is prepared and ready for shipment

Marketing offensive centered around JIS battery types already started

First batteries already sold to European customers


iQ Power AG has received the first ECO JIS battery shipment from iQ Power Asia Inc.

iQ Power Asia Inc. in Seoul, South Korea has sent around 18,000 JIS (Japanese Industrial Standard) batteries containing iQ Power technology to iQ Power AG in Europe. This shipment represents the start of regular deliveries from Korea to Europe. JIS batteries have a market share of about 12% in Europe, a figure that is trending upwards. The selling of Asian battery sizes is expected to increase the sales volume primarily in countries such as the United Kingdom and Ireland, as well as in Eastern Europe, where Japanese and Korean vehicle models are extremely popular.

A marketing offensive by iQ Power GmbH centered around JIS battery types has already been started this month. The first customer orders have already been received and first shipments will occur by month’s end. As part of the sales offensive, major customer of JIS type batteries from England will be visiting the plant in Slovenia in February and is expected to sign a purchase order for deliveries of JIS ECO and other batteries.

The CEO


http://www.iqpower.com/index.php?pid=1,1&id_news=1005&ID=06d71d9454cc195d5bacf6d630d1a5d4