iQ Power AG announced the signing of a long-term license agreement with Acumuladores Moura S.A. The license agreement secures Moura the exclusivity with the patented iQ Power electrolyte mixing technology for lead-acid batteries produced in South America and the Caribbean. The agreement followed a two year development under a preliminary agreement between the two companies. Moura will pay an upfront royalty plus a license fee per battery.

Strict confidentiality was contractually agreed as to the amount of upfront royalty and license fee per battery. The amount of royalties paid per battery per the contract assures that there will be no competitive disadvantage to other licensees.