iQ Power AG announced the start of sales of second Generation Passive Mixing Parts, iQ2. iQ Power confirms the delivery of Passive Mixing Parts for approximately 25,000 battery sets to the Licensee and strategic Partner, Discover Energy International (Hong Kong), as was anticipated in the last ad hoc report. Successive orders are anticipated for the coming months ahead with increasing volumes.

The production of batteries from the subcontractor of Discover Energy International will begin around the beginning of March. From that point forward, they will be able to fill orders on a continual basis. The production and distribution of the Passive Mixing Parts is an important component of the long-term strategy of iQ Power.

By supplying parts on as needed basis, the financial barrier of capital investment for Licensees is eliminated. Through the distribution of the Passive Mixing Parts, iQ Power gains an additional revenue channel, while at the same time, increasing visibility into the exact product requirements of Licensees.