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IQ Power picks up Pb investment boost

Thu, 06/27/2019 - 15:06 -- John Shepherd
IQ Power picks up Pb investment boost

German SLI battery producer IQ Power Licensing has welcomed a US$2 million investment boost as the company writes “a new chapter” for lead-acid batteries.

IQ, which produces Pb batteries mainly for the global automotive and storage markets, said it had won an additional $1.5m in working capital from an institutional lender that provided the company with $14m in financing just months ago. 

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