iQ Power Secures Renowned Expert from an Established Battery Maker as Head of Production.

ZUG, Switzerland, June 9 -- iQ POWER AG has hired a noted industry expert as head of production for manufacturing its innovative energy-storage systems. Karl-Heinz Bauer, a highly respected professional from the battery industry, has been on board at the iQ POWER Deutschland GmbH unit since a few days. Karl-Heinz Bauer comes to iQ from a German battery maker that is well-known for its outstanding quality, where he was responsible for shaping its development, production and quality standards for several decades.

"We are extremely pleased to have Karl-Heinz Bauer, one of the most experienced industry experts with a superb international reputation, on board as head of battery production," reported Peter E. Braun, CEO of iQ Power. His presence also underscores the appeal that iQ Power enjoys as an employer. "In the combination of Karl-Heinz Bauer's unique expertise and our technology we see an enormous potential for the performance and quality of our products and yet another guarantee for our success." In addition to managing production in the future iQ POWER plant in Dortmund, Bauer will also take care of iQ POWER's worldwide licensing partners in order to ensure that internationally the products have uniform quality standards.

"Modern automobiles need state-of-the-art energy storage systems," was the reason Bauer gave for his switch to iQ Power. "The concept, technology and management of iQ Power are truly compelling". One of the challenges for Bauer is to demonstrate that manufacturing can also be done competitively in Germany. His goal is to significantly raise the standard of quality in the industry above its current norm. "We can achieve this both technologically and at competitive prices," said Bauer.

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