iQ Power AG : and Austrian Battery Manufacturer Banner Batterien GmbH Sign a Technology Licensing Agreement
12/20/2012| 01:31pm US/Eastern
iQ Power AG and Austrian Battery Manufacturer Banner Batterien GmbH Sign a Technology Licensing Agreement
Banner is a leading European manufacturer of high quality batteries
iQ Power AG has signed an license agreement with Banner Batterien GmbH, Linz/Austria for for the use of the iQ Power developed and patented technology. Centerpiece of the iQ Power technology is the mixing of the water-acid electrolyte, through which the battery shows an improved performance at very small additional costs.
The main interest of Banner GmbH in the iQ Power technology is an improvement for batteries in micro-hybrid “start-stop†vehicles. According to industry sources, by 2015 70% of all passenger cars produced will be outfitted with this fuel-saving technology. Banner already produces AGM (absorbed glass mat) and EFB (enhanced flooded battery) batteries for these types of vehicles.
Details of the license agreement will be kept confidential, however the conditions are roughly the same as in other license agreements of iQ Power worldwide.
“This new license contract marks the beginning of the implementation of our new strategy to focus on winning new Licensees worldwide.†Commented CEO, Bob Sullivan.
About Banner Batterien GmbH
Banner Batterien is an innovative and expanding manufacturer of high quality starter batteries. Since 1937 the company has been producing all types of vehicle batteries in Leonding, Austria. The family business, which is led by Andreas Bawart and Mag. Thomas Bawart, employs about 760 people. Banner Batterien produces and sells over 4 million starter batteries annually. Banner is one of the most experienced, tradition-rich, and important brands in the battery business. Banner batteries can be found in OEM applications from Audi, BMW, Caterpillar, Jungheinrich, Kässbohrer, Liebherr, Mercedes, Mitsubishi, Porsche, Skoda, Volvo and VW. Banner has over 28 distribution centers in Austria, Germany, Switzerland, France, the Netherlands, Great Britain, Denmark, Poland, the Czech Republic, Slovakia, Hungary, Russia, Rumania, Bulgaria, and Turkey. Another 40 countries in Europe, Africa and Asia are served through exports. The Banner Logo “Power of the Bull†stands for future-oriented technique and excellent quality throughout the battery industry worldwide. -
Further information under www.bannerbatterien.com
