iQ Power Licensing AG announces amalgamation with clean technology company, Engenavis, Inc., based in the USA. The company features several business units centering around eco-friendly technologies, including automation anti-idle fuel savings technology, mobile renewable power generation units and Waste & Water recovery services. iQ Power Licensing AG is the parent company with Engenavis, Inc as a wholly owned subsidiary. The new company will focus on a strategy to expand manufacturing capacity through acquisition of existing factories and construction of iQ Advanced Battery Factories in major markets around the world.
Shareholders of iQ Power Licensing AG approve reverse merger with its subsidiaries iQ International AG. Listed on the Berlin stock exchange (symbol: iQL) the new parent company is now iQ International AG.