Iqua attracts funding from Eqvitec

Iqua develops innovative wireless accessories and develops exclusively designed headsets, handfrees and other wireless devices for the mobile communications market. The company founders came from Nokia, and they have altogether over 100 years of extensive global experience in mobile communications enhancement market. Iqua mission is to create innovative and stylish products that provide the freedom to communicate wirelessly in a unique way.

'Iqua has very quickly become one of the market leaders mobile accessories market and we will use this financing to fund further growth in new markets such as in Asia and Americas. We will also continue to recruit top talent for our product development, design and international operations. We are pleased to welcome Eqvitec to our team while we work to create pioneering technology and products,' says Juha Reima, CEO of Iqua.

Iqua has gained a very interesting market position among end users and distributors world wide and has benefited from vast convergence of mobile communication as well as from constantly rising demand for well designed mobile accessories. The market for Bluetooth enabled mobile phones is forecasted to grow from 80 million today to 470 million in 2008. This potential combined with senior management having existing contact network worldwide makes Iqua a unique company and very interesting investment opportunity,' says Juha Mikkola from Eqvitec.

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