PTA-News: iQ International AG: University of Michigan and CESSET are working with iQ International as an industry partner on Batteries

Thursday, 15. October 2020 08:00

Business news for the stock market

Zug/Switzerland - 15 October 2020 (pta006/15.10.2020/08:00) - iQ International AG (ISIN CH0451424300 / WKN A2PAA5 / Symbol IQL), a multinational sustainable technologies company publicly traded at the General Standard of the Frankfurt Stock Exchange with its global head office in Zug, Switzerland and North American headquarters in Scottsdale, Arizona, has been accepted by the University of Michigan and CESSET as an industry collaboration partner to collaborate further innovations and sustainable solutions for the energy storage and power industry.

iQ International AG has been chosen collaborative partner in a group of renowned universities and industry companies to develop and transition transformational technology in manufacturing and recycling for mobility of the future. iQ will be also help on preparing the next generation of battery technology for a sustainable future.

The joint collaboration is led by the University of Michigan (U-M) in conjunction with CESSET (Comprehensive Energy Storage Solutions for Electrified Transportation). The University of Michigan Energy Institute builds off the legacy of the Michigan Memorial Phoenix Project (MMPP), launched in 1948 to engage in research and other activities that support the peaceful uses of atomic energy.

The Battery Fabrication and Characterization User Facility, or Battery Lab of the University of Michigan, is a space developed by U-M in cooperation with the Michigan Economic Development Corporation and Ford Motor Company. The lab's aim is to work with the international industrial and academic energy storage user community to prototype, test and analyze batteries and the materials that go into them. The Battery Lab brings together materials scientists and engineers, as well as suppliers and manufacturers, for innovative efficient battery development near the Nation's automotive capital.

The CESSET (Comprehensive Energy Storage Solutions for Electrified Transportation), with the University of Michigan as lead, works together with Carnegie Mellon University, UC Davis, UC San Diego & San Diego State University. This conglomerate of universities has applied for a National Science Foundation grant of USD26 million/5years and followed by USD18 million/5years. CESSET is a first-of-its-kind partnership between battery, electric grid and system researchers and policy and economic experts at five leading universities.

iQ International AG has been accepted by the University of Michigan and the CESSET as an industry collaboration partner. iQ will participate with the following industry collaboration partners: CMS Energy Corporation, Hyundai America Technical Center (HATCHI), DTE Energy, Daimler Trucks NA, KLA, and the National Renewable Energy Laboratory (NREL).

iQ International in joining CESSET, and upon funding by National Science Foundation, will help develop and transition transformational technology in manufacturing and recycling for mobility of the future. iQ will be also collaborating with CESSET and its partners on preparing the next generation of battery technology for a sustainable and prosperous future.

"iQ International AG is honored to be an industry collaboration partner in CESSET along with other global organizations and prestigious universities. iQ is dedicated to continued collaborations with leading universities to further sustainable innovations and commercialize efficient and affordable solutions for the energy storage and power industry" stated Rose Carmichael, Chief Business Development Officer at iQ.

iQ International AG
iQ International AG is a multinational sustainable technologies company listed at the General Standard of the Frankfurt Stock Exchange. The Company licenses parts of its IP portfolio, and manufactures/distributes highly efficient lead-acid batteries that meet the increased need for cycle life in today's global automotive and storage markets. Its award-winning innovative technology is used to create superior, long-lasting, OEM-approved Starting-Lighting-Ignition (SLI) batteries. Batteries with iQ International AG technologies are designed to generate better performance in today's highly electrified vehicles, particularly vehicles with the Start-Stop function. The Company's technologies have the potential to reduce the carbon footprint of the transportation industry, helping car makers meet the emissions reduction mandates. - For more information, visit www.iqint.com

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emitter: iQ International AG
address: Landis + Gyr Strasse 1, 6300 Zug
country: Switzerland
contact person: Eva Reuter
phone: +41 41 768 03 63
e-mail: ereuter@dr-reuter.eu
website: www.iqinternational.com

ISIN(s): CH0451424300 (share)
stock exchanges: regulated market in Frankfurt; open market in Berlin

[ source: http://www.pressetext.com/news/20201015006 ]

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