Iq Power AG (fka IQPOF)

[Aduke]

US Patent and Trademark Office grants iQ Power Licensing AG important assembly patent
19AUG2015


iQ Power Licensing AG was granted another technology patent with wide protection by the US Patent and Trademark Office for the important North American market with.

The patent was filed in January 2014. It complements and updates a patent from 2007 and deals with an important assembly patent which is relevant both for the iQ technology solutions IQP-1 as well as IQP-2. After changing to IQP-2 the patent blocks any unauthorized use of the iQ technology based on the predecessor solution IQP-1 by unauthorized third parties.

With this latest patent, iQ Power Licensing AG again underlines its technology leadership.


http://www.iqpower.com/index.php?pid=1,1&id_news=1351&ID=06d71d9454cc195d5bacf6d630d1a5d4

[Renee]

IQPOF FINRA suspended CUSIP. Deleted symbol.

http://otce.finra.org/DailyList

[Aduke]

Reverse Merger of iQ Power AG into iQ Power Licensing AG overwhelmingly approved by Shareholders
28JAN2015

Merger of iQ Power AG with the wholly owned subsidiary iQ Power Licensing AG
Both measures pass by 99% and 93% majorities.
Equity restructuring will allow earlier dividend payout
Simplified company structure will increase efficiency and reduce costs
Current shares to be exchanged for new shares in the new company
Listing of the new shares on the Berlin stock exchange is planned
Reduction in the total number of shares in a 4:1 ratio
Amalgamation of the two previous classes of shares


iQ Power AG announces that shareholders at an extraordinary general meeting approved the merger contract entered into by iQ Power AG and iQ Power Licensing AG. The extraordinary general meeting was held at 10 a.m. on 27 January 2015 at the premises of the Migros Klubschule, Metalli-Gebäude, Industriestrasse 15, Zug, Switzerland. The resolution on the merger was passed by 93% of the votes and the resolution for the set-off of capital contribution reserves in the amount of CHF 14,575,665.57 through loss carry-forward, which is an accounting prerequisite for the merger, was passed with a 99% majority.

The plan involves the takeover of iQ Power AG by iQ Power Licensing AG, which is a wholly owned subsidiary of iQ Power AG and is the legal owner of all patent rights held by the iQ Power Group as well as all tools and equipment for the production of the plastic components based on the patents held by the iQ Power Group.

All rights and obligations of iQ Power AG will be taken over in full by iQ Power Licensing AG as part of the merger.
The key reason for the merger is the prospect of being able earlier than was previously possible to distribute dividends as soon as the company earns suitable profits.

The implementation of the planned transaction will reduce the share capital of the listed company to 2.452 million Swiss francs and the total number of shares will be reduced to around 245 million and this will mean, as a result, an exchange ratio of 4:1 for the new shares. The total net assets of the iQ Power Group will be the same post-merger.

It is intended to list the new shares after the merger on the Berlin Stock Market.

Shareholders whose shareholdings cannot be divided by four at the exchange ratio of 4:1 will receive a corresponding cash settlement based on the value of the shares after trading in the new shares commences.

The merged company will feature a more transparent and simple structure with one legal unit and with only one category of shares. The simplified structure will trim many administrative expenses and reduce the operating costs. Examples of this include the previous high costs related to the financial reporting, the fees paid to authorities and also the expenditure of time of by company personnel.
As the dividend rights of the two previous classes of shares (ordinary and preference) are financially the same and the voting rights are broadly identical, the exchange ratio for the two classes will be the same. This means 1 new registered share of common for every 4 current common shares as well as for every 4 preference shares. This situation has been reviewed and the ratio was confirmed by the independent Swiss auditors in the official Merger report.


http://www.iqpower.com/index.php?pid=1,1&id_news=1287&ID=06d71d9454cc195d5bacf6d630d1a5d4

[Aduke]

iQ Power partner Discover Energy starts sales of its DISCOVER MIXTECH car batteries throughout Canada by its distribution network Canadian Energy
21JAN2015


The batteries are being distributed through Canadian Energy’s wholesale and retail distribution network in Canada.
Discover Energy International Limited’s (Discover) Factory Warehouse in Canada, Canadian Energy, has received their first batteries with DISCOVER MIXTECH.


Zug / Hong Kong, 21 January 2014 – Discover Energy International Limited, Hong Kong, announces the delivery of its first shipment of Automotive Starter Batteries with DISCOVER MIXTECH (utilizing iQ Power’s new generation technology) to the North American market. Canadian Energy, the company’s Factory Warehouse in Canada has received, and is distributing the batteries through their established nationwide network.

With an estimated more than 21.5 million registered vehicles on the road, Canada is one of the largest battery markets globally. It is also strategically a key market to showcase DISCOVER MIXTECH technology’s performance in harsh winter climates. Kevin Loman, Director, Discover Energy International Limited, Hong Kong said “the DISCOVER MIXTECH innovation allows optimal charging and retention of charge in extreme cold temperatures, and since Canada has one of the coldest operating conditions on the planet, it is one of the best markets from which to illustrate the benefits of DISCOVER MIXTECH.”

Day in and day out Canadian Energy aims to provide the most value to its partners by offering the widest range of products in every market alongside a warranty that's the best in the biz – DISCOVER MIXTECH will be an intricate part of achieving this. The company offers unprecedented support to its customers and provides solutions for the most challenging problems in the most extreme applications. Canadian Energy’s goal is to be the industry leader in renewable energy generation and storage in Canada and is already one of the largest distributors of automotive and commercial batteries across the country.

Discover Energy has strategically located facilities around the globe, world-leading OEM and after market customers, and is one of the largest providers of EV Traction Dry Cell Batteries for OEM Solutions Worldwide. Discover manufactures and distributes battery and power related products, engineers Clean & Green® innovative solutions, and operates responsible product life cycle management and recycling programs.

DISCOVER MIXTECH, designed to generate better performance in Start-Stop applications and to meet the growing demands of electronic usage in vehicles today, is the first significant innovation to the flooded starter battery in decades. Automatic mixing of electrolyte inside the battery ensures uniform acid density for higher sustained performance throughout the entire life of the battery. This prolongs plate life by eliminating acid stratification and thermal gradients, delivering greater material utilization for a lower cost per cycle over conventional batteries. The patented technology was awarded the coveted Automechanika innovation award 1st prize in 2010.


http://www.iqpower.com/index.php?pid=1,1&id_news=1282&ID=06d71d9454cc195d5bacf6d630d1a5d4

[Aduke]

iQ Power awarded further patents in Japan and USA
02JAN2015

iQ Power Licensing AG receives patents in two important markets.
Patents are for the first generation of passive electrolyte mixing elements.

Zug/Switzerland, 02 January 2015 – iQ Power AG (ISIN: CH0020609688, German Securities Code Number (WKN): A0DQVL / symbol: IQPB, ISIN: CH0199540599 / German Securities Code Number (WKN): A1J7TW / symbol: IQPA), a developer and marketer of technologies for environmentally friendly and technologically innovative starter batteries for motor vehicles and licences in these technologies, announces the granting of patents for the iQ Power first generation technology. The patents cover iQP-1.2 and iQP-1.3, which are auxillary patents to iQP-1.0 and IQP-1.1 (and which were already granted in the two countries). Both new patents bolster the patent arsenal of iQ Power.

iQ Power Licensing AG, a 100% subsidiary of iQ Power AG and in charge of marketing the iQ Power technology, has received patent protection for its technology of passive electrolyte mixing for starter batteries in all major markets, including all European countries with starter battery manufacturing including Turkey and Russia, but also battery producing countries such as USA, China, Korea, Brazil and has patents pending in many other countries. Patent applications at the national level can take a very long time. The patents just granted were for applications in 2007 and 2010. The protection starts at time for application and runs for 20 years following the grant of patent.

Although the first generation technology is no longer in use by iQ Power, the patent protection is important to keep competitors from using the older technology. The iQP-1 generation is not as effective and efficient as the new generation and is not as easy to use in battery assembly as the second generation of iQ Power Technology, iQP-2, which also allows quick robot assembly.

More importantly, the granting of these patents continues the success of the iQ Power patent pipeline strategy. The patent pipeline strategy is to create inter-connected and inter-dependent patents, which greatly increase the difficulty of working around the iQ Power technology. By always having new patents pending, the competition can never be sure if a possible work-around will infringe on an upcoming iQ Power patent.

Equally important, the granting of these patents continues the perfect track record of patent applications for iQ Power. iQ Power has never been denied a patent application. This means that in countries were patents are pending, it is almost certain that the patent will be granted.
iQ Power intends also in 2015 to apply for new patents.


http://www.iqpower.com/index.php?pid=1,1&id_news=1273

[Aduke]

iQ Power AG Reports Half-Year Results for 2014
04AUG2014

First time ever Breakeven
Net Revenue of EUR 551.000 / Profit after tax of EUR 5.000
Results improved by EUR 786.000 versus same period 2013
New strategy bears first fruits

iQ Power AG has published its figures for the first half-year 2014:

For the reporting period, 1.January - 30.June 2014 the net revenues totaled EUR 551k vs EUR 12k in the same period 2013. The large increase was due to the start of sales of the strategic licensee, Discover Energy, and the conclusion of the license contract with the Brazilian licensee including an upfront royalty payment.

The higher income and lower costs were the direct result of the new strategy adopted by the company in 2012. The profit after tax was EUR 5k versus a loss of EUR 781k for the same period 2013.

The current assets as of 30.June.2014 were EUR 1.8 million versus EUR 0,3 million as of 31.12.2013. The long-term assets as of 30.June.2014 were EUR 3.3 million roughly equivalent to EUR 3,4 million as of 31.12.2013. Current liabilities sank to EUR 1.8 million from EUR 2.2 million at the end of 2013. Long-term debt increased slightly from EUR 0,6 million to EUR 0,8 million from the end of 2013. Total assets were EUR 5,0 million (vs. EUR 3,8 million per 31.12.2013). Equity amounted to EUR 2,5 million (vs. EUR 1,0 million per 31.12.2013) or 50 % of the total debt-equity mix, up from 27% at year-end 2013. Cash improved to EUR 0,8 million from EUR 0,1 million per 31.12.2013.

All known and verifiable risks were considered in the financial statements.

Due to the lean cost structure and improved market position of iQ Power AG as Licensor, the company is well-positioned for further good business developments in 2014.


Download iQ Power AG Half-Year Report 2014:
» iQ Power AG Half-Year Report 2014

http://www.iqpower.com/index.php?pid=1,1&id_news=1233&ID=06d71d9454cc195d5bacf6d630d1a5d4

[xr_biotech_consult]

total breakout ahead!

this company was in 2007-9 near bankrupt. But they made a turnaround an will have BREAK EVEN in 2013!!

http://www.google.com/finance?q=FRA%3AIQPB&ei=LdzaUPjjJaqNwAO6tAE

[xr_biotech_consult]

iQ Power AG : and Austrian Battery Manufacturer Banner Batterien GmbH Sign a Technology Licensing Agreement
12/20/2012| 01:31pm US/Eastern
iQ Power AG and Austrian Battery Manufacturer Banner Batterien GmbH Sign a Technology Licensing Agreement
Banner is a leading European manufacturer of high quality batteries
iQ Power AG has signed an license agreement with Banner Batterien GmbH, Linz/Austria for for the use of the iQ Power developed and patented technology. Centerpiece of the iQ Power technology is the mixing of the water-acid electrolyte, through which the battery shows an improved performance at very small additional costs.

The main interest of Banner GmbH in the iQ Power technology is an improvement for batteries in micro-hybrid “start-stop†vehicles. According to industry sources, by 2015 70% of all passenger cars produced will be outfitted with this fuel-saving technology. Banner already produces AGM (absorbed glass mat) and EFB (enhanced flooded battery) batteries for these types of vehicles.

Details of the license agreement will be kept confidential, however the conditions are roughly the same as in other license agreements of iQ Power worldwide.

“This new license contract marks the beginning of the implementation of our new strategy to focus on winning new Licensees worldwide.†Commented CEO, Bob Sullivan.


About Banner Batterien GmbH
Banner Batterien is an innovative and expanding manufacturer of high quality starter batteries. Since 1937 the company has been producing all types of vehicle batteries in Leonding, Austria. The family business, which is led by Andreas Bawart and Mag. Thomas Bawart, employs about 760 people. Banner Batterien produces and sells over 4 million starter batteries annually. Banner is one of the most experienced, tradition-rich, and important brands in the battery business. Banner batteries can be found in OEM applications from Audi, BMW, Caterpillar, Jungheinrich, Kässbohrer, Liebherr, Mercedes, Mitsubishi, Porsche, Skoda, Volvo and VW. Banner has over 28 distribution centers in Austria, Germany, Switzerland, France, the Netherlands, Great Britain, Denmark, Poland, the Czech Republic, Slovakia, Hungary, Russia, Rumania, Bulgaria, and Turkey. Another 40 countries in Europe, Africa and Asia are served through exports. The Banner Logo “Power of the Bull†stands for future-oriented technique and excellent quality throughout the battery industry worldwide. -
Further information under www.bannerbatterien.com

[xr_biotech_consult]

MOST important news is, that licensing from Austrian Banner Batteries!! Banner sells mor than 4m Batteries a year!!

im holding a boat full of IQPB shares, but in Europe/Frankfurt.

I think that is the penny play in frankfurt of 2013

[Aduke]

iQ Power AG publishes interim report for the second half of 2012 - 16NOV2012


Strategic reorientation as pure technology licensors is continued
Overall results after the first 9 months of 2012 are EUR -1.9 million (previous year: EUR -2.9 million), in line of expectations
Clear strategic focus on the expansion of the licensees and the consistent implementation of the patent pipeline strategy


iQ Power AG, developer and marketer of technology and its licenses for environmentally friendly and technologically advanced automotive batteries for automobiles, published the interim report for the second half of 2012 today.


The strategic realignment of a pure technology-licensor has been consistently pursued in the first nine months of the current fiscal year 2012. The overriding task was the spin-off of iQ Power AG of the European manufacturing and distribution companies. The new corporate structure of iQ Power AG is effective since 1. April 2012. The spin-offs result in a significant positive impact on earnings and balance sheet risk. The level of costs could be reduced significantly, although the volume of sales declined significantly by eliminating the battery trade.

Consolidated sales amounted to approximately EUR 2.2 million in the first nine months of 2012 compared to approximately EUR 7.7 million in the comparable period last year. In the third quarter of 2012 a negative impact on earlier anticipated license income was mainly driven by reduced royalty revenues of the largest licensee iQ Power Asia, due to the relocation of the lead plate production from Malaysia to South Korea. Cost of sales decreased by EUR 7.2 million to EUR 2.0 million and the total operating expenses could be significantly reduced by EUR 3.3 million to EUR 2.0 million. Non-recurring expenses in the wake of corporate restructuring amounted to approximately EUR 0.4 million. The net result improved by EUR 1.0 million to minus EUR 1.9 million (previous year: minus EUR 2.9 million) and is thus in line of expectations.

With total assets of EUR 4.9 million at the closing of the 30th September 2012 (31 December 2011: EUR 9.7 million) and an equity capital of EUR 1.4 million (31 December 2011: EUR 2.8 million) the equity ratio stood at 28.2 percent at the key date (31 December 2011: 28.7 percent). Cash and cash equivalents at 30 September 2012 were EUR 0.34 million (31.12.2011: EUR 0.40 million).

By the Group restructuring, the decoupling of production and distribution operations, an important step for the strategic realignment of the company to a pure technology licensor was completed. Already positive effects can be seen through reduced financing requirements and reduced operational risks. Especially in view of the longer than originally planned business development of the iQ-licensing partners, the new strategic direction has proven to be an important step.


Positioning as a pure technology licensor opens up new perspectives, because now collaborations with battery manufacturers are possible, who have previously been reluctant to adopt the technology because they were in direct competition with iQ Power. Currently, iQ Power AG is in negotiations or preliminary discussions with several potential licensees in Europe and beyond. At the same time the chosen patent pipeline strategy is progressing steadily. Currently a new patent for an improved design of plastic parts is prepared, which increases the effectiveness of the battery components, reduces the tool costs and at the same time simplifies the manufacturing process.

IQ Power AG is continuing its strategic focus clearly on the continuation of the patent pipeline strategy, the development and expansion of existing licensees, as well as attracting new licensees.

More information on the development of iQ Power AG in the first nine months of 2012 can be found in the Interim report for the second half of 2012 under www.iqpower.com.


http://www.iqpower.com/index.php?pid=1,1&id_news=1092&ID=06d71d9454cc195d5bacf6d630d1a5d4

[Aduke]

iQ Power awarded important patent in Turkey
27AUG2012

iQ Power AG announces the awarding of a patent for the iQ Power electrolyte mixing technology in Turkey. The patent covers the base technology for iQ Power starter batteries.

Just recently iQ Power was awarded from the Peoples Republic of China a second patent for its technology of building the next generation car batteries. These patents underscore the worldwide pipeline strategy, which protects iQ Power from infringements to their intellectual properties through new and different patents in differing parts of the world.

Turkey is one of the most dynamically expanding markets in the world. Over 1,2 million automobiles are produced annually in Turkey and over 4 million batteries are produced for domestic and export aftermarket, including the Mideast and Africa.

http://www.iqpower.com/index.php?pid=1,1&id_news=1073&ID=06d71d9454cc195d5bacf6d630d1a5d4

[Aduke]

http://www.boerse-frankfurt.de/en/equities/iq+power+ag+CH0020609688/charts

IQ Power AG on German stock exchange.

[Aduke]

iQ Power AG: Special conversion Period of the convertible bonds issued 2011
18JUN2012

iQ Power AG (ISIN: CH0020609688, WKN: A0DQVL, Symbol: IQPB) is announcing a special conversion period for the 8% 2016 convertible bond with ISIN: DE000A1GXE20. iQ Power AG’s Executive Board and Supervisory Board have decided to grant the holders of the convertible bonds a special conversion period following a board resolution dated 10 May 2012. The special conversion period will be between 18 June 2012 and 28 June 2012 (both inclusive). The conversion price during the special conversion period will be set at EUR 0.026.

The convertible bonds can be converted at the special conversion price following standard conversion procedures.

The conversion form for the 8% 2016 convertible bond can be accessed:
http://www.transactionservices.citigroup.com/transactionservices/home/securities_svcs/agency/eur_notices.jsp

or

http://www.iqpower.com/index.php?pid=4,11

The CEO

http://www.iqpower.com/index.php?pid=1,1&id_news=1054&ID=06d71d9454cc195d5bacf6d630d1a5d4

[Aduke]

iQ Power AG publishes Interim Report for the first half 2012
16MAY2012

Revenue in 1st Quarter EUR 2.2 million (Q1 2011: EUR 3.6 million)
EBIT of minus EUR 0,9 million (Q1 2011: minus EUR 0,5 million)
Exit from European Sales and Production and Concentration on Licensing eliminates risk of capital intensive Production within the Group
Outlook for 2012 confirmed


In the first quarter of 2012, iQ Power Group revenues were M€ 2,2 (Q1 2011: M€ 3,6). As reported earlier, the entire aftermarket experienced a major downturn in orders due to the unusual extremely mild winter in the first six weeks of 2012. As a result EBIT for the Q1, 2012 amounted to minus M€ 0,9 (Q1 2011: minus M€ 0,5 ).

As of 31.12.2012 total assets amounted to M€ 9,3 (Q1 2011: M€ 9,7). The equity of the firm amounted to M€ 1,9 or about 20% of total equities and liabilities. Cash-on-hand amounted to M€ 0,2.

Through the new structure of the company, effective as of 1.April.2012, which foresees a concentration on Licensing operations and an exit from European sales and production operations, iQ Power will significantly reduce the risks of the capital intensive production. Given the realization of this strategy, the company anticipates an increasingly significant improvement to profitability and liquidity in 2012.


Download Interim Report 1st Quarter 2012

» Interim Report 1st Quarter 2012


http://www.iqpower.com/index.php?pid=1,1&id_news=1047&ID=06d71d9454cc195d5bacf6d630d1a5d4

[Aduke]

TÜV audit confirms major improvements in Process and Quality Assurance in the Slovenian manufacturing plant of iQ Power

07MAY2012

In its recent audit at the end of April 2012, TÜV Rheinland confirmed the effectiveness of major improvements in process and quality assurance in the Slovenian manufacturing plant of iQ Power. Due to the continuous process improvements that were introduced by iQ Power since the start of production of its innovative ECO and ECO Professional starter batteries in 2010 in Maribor, the plant did not receive a single complaint in this certification, and even achieved best marks in the assessment.

The excellent rating is the result of continuous improvement and steps of consistent work with the new operations director Dr. Michael McDonagh as well as the new production line management at the plant in Maribor.

Since 2010, production and quality in the facility of Maribor have been audited and certified by TÜV Rheinland. Regular audits by independent auditors and the certification according to ISO 9001 standards on quality management in the company is an important guarantee of a consistently high quality of processes and products.

http://www.iqpower.com/index.php?pid=1,1&id_news=1038&ID=06d71d9454cc195d5bacf6d630d1a5d4

[Aduke]

New strategic focusing of iQ Power AG
16MAR2012

Increased cooperation with Korean battery manufacturer to enhance supply chain management and delivery reliability

Search for a strategic partner for a majority stake in European facility

Focus on the licensing business

New focusing will require adjustment to the convertible bond issued


The iQ Power AG announced today the base for the strategic and structural reorganization and development of the Group.

The management and the board of directors of iQ Power AG have agreed on various measures for a strategic reorientation and strengthening of the iQ Power business model. The cooperation between the European battery production facility and the facility of the Korean joint venture partner will be intensified in the future. This enables an optimization of the supply chain management and will lead to faster and more flexible deliveries due to scale and cost advantages. Another essential part of the action taken is a significant streamlining of the Group structure, which provides for a reduced role of iQ Power AG at the production units and distribution company in Europe. The research and development department will be reduced to key positions in order to maintain the company's intellectual property and the development of future technologies. This means that the overhead costs of the company will be significantly reduced. Although the European business is developing satisfactorily, the iQ Power AG has decided to focus almost exclusively on the promotion of the licensing business. iQ Power will seek to maintain a minority share in the European operations. The minority stake is similar to holdings with the other licensees and helps to influence customer service, delivery reliability and quality,

The drivers behind the new measures are, 1-the significant expansion of European production capacities can not be realized in the short to medium term and 2-the inability to take-over the lead battery manufacturing and recycling plant in Bosnia Herzegovina.

As a battery manufacturer, it is mandatory to achieve a critical sales volume with an integrated lead recycling to be able to operate profitably. Accordingly, a strategic partner for a majority stake in the European business is being looked for, through whom the targeted business growth and the financial terms are optimally supported. Various partner models are currently under investigation, such as the participation by a licensee, a large battery supplier or a management buy-out.

Until a suitable partner is found for a majority stake, the iQ Power AG will support the European operations fully. A continuous maintenance of the supply chain for customers and suppliers is ensured.

The restructuring of the iQ Power Group as well as the associated concentration on the license model paves the way to profitability with a lower sales volume in a short to medium term. Also, the financing of the iQ Power AG is put on a solid basis by continuous royalties. The forecasts of the royalties of the Korean licensee amount to over 50,000 € per month from the middle of 2012 with a significantly increasing trend up to € 200,000 per month by the end of the year. Due to delays, the first license revenue from North America is expected for mid 2012. The operation in Europe will continue to be a further source of royalty income. Other licensee agreements are currently in negotiation.

Influencing the decision is the fact that the European business is now on a stronger basis and requires less support from the iQ Power AG, because the joint venture plant in Gwangju, Korea has the possibility to deliver large quantities of DIN European sized batteries to European customers in collaboration with the European plant.

Even more important for the financial future of the AG, is the fact that the success of the licensees abroad is now largely independent of the commercial success in Europe.

By opting for a strategic realignment of the company, the iQ Power AG keeps the possibility of a merger or participation by interested parties open. In this regard, the basis for such negotiations will mainly be the licensing business.

Finally, the iQ Power AG announces changes in the still ongoing convertible bond. Due to the lack of acquisition of the battery manufacturing and recycling plant in Bosnia Herzegovina, the equity amount of the factory as well as the shares in Asia will no longer be available. As a compensation for the loss of this security, the conversion price of EUR 0.048 is reduced to EUR 0.036, whereby the total volume of the convertible bond is reduced to a maximum of EUR 4.2 million (previously: EUR 5.6 million). Signatories of the convertible bonds that have been drawn at a conversion price of EUR 0.048 will receive an adjusted offer. Further details on the convertible bond will be published shortly. The funds are used to fund working capital and to improve the balance sheet position.


The Board

http://www.iqpower.com/index.php?pid=1,1&id_news=1021&ID=06d71d9454cc195d5bacf6d630d1a5d4

[Aduke]

First Batteries in Asian Standard with iQ Power Technology arrived in Europe

23JAN2012

16 Containers with over 18.000 batteries delivered

Next shipment to Europe is prepared and ready for shipment

Marketing offensive centered around JIS battery types already started

First batteries already sold to European customers


iQ Power AG has received the first ECO JIS battery shipment from iQ Power Asia Inc.

iQ Power Asia Inc. in Seoul, South Korea has sent around 18,000 JIS (Japanese Industrial Standard) batteries containing iQ Power technology to iQ Power AG in Europe. This shipment represents the start of regular deliveries from Korea to Europe. JIS batteries have a market share of about 12% in Europe, a figure that is trending upwards. The selling of Asian battery sizes is expected to increase the sales volume primarily in countries such as the United Kingdom and Ireland, as well as in Eastern Europe, where Japanese and Korean vehicle models are extremely popular.

A marketing offensive by iQ Power GmbH centered around JIS battery types has already been started this month. The first customer orders have already been received and first shipments will occur by month’s end. As part of the sales offensive, major customer of JIS type batteries from England will be visiting the plant in Slovenia in February and is expected to sign a purchase order for deliveries of JIS ECO and other batteries.

The CEO


http://www.iqpower.com/index.php?pid=1,1&id_news=1005&ID=06d71d9454cc195d5bacf6d630d1a5d4

[Aduke]

23.11.2011

News from the Licensee iQ Power Asia in Gwangju, South Korea


iQ Power Asia sending first battery deliveries by ship to iQ Power AG in Europe and to a major North American customer
Production systems expansion at South Korean plant in Gwangju
iQ Power Asia and Daewoo International sign preliminary agreement for securing the supply of raw materials
KG Power and the Korean consortium agree to increase their involvement in iQ Power AG by at least EUR 1.7 million


iQ Power AG has received the following information from iQ Power Asia Inc.:

iQ Power Asia Inc. in Seoul, South Korea reports that some 12,000 JIS (Japanese Industrial Standard) batteries containing iQ Power technology will be sent by ship this month to iQ Power AG in Europe. This shipment represents the start of regular deliveries from Korea to Europe. JIS batteries have a market share of about 12% in Europe, a figure that is trending upwards. The selling of Asian battery sizes is expected to increase the sales volume primarily in countries such as the United Kingdom and Ireland, as well as in Eastern Europe, where Japanese and Korean vehicle models are extremely popular.

Furthermore, and also this month, the first 48,000 battery units were sent by ship to a major customer in North America which serves battery distributors in Canada and the United States. This North American customer has already indicated that it will be placing additional orders for more than 200,000 battery units in December 2011. The tools for manufacturing American battery models will most likely be transferred to the plant in Gwangju, a move that would increase the order volume to more than one million battery units.

A capital increase in the amount of $19 million, which was subscribed predominantly by major Korean investors, was successfully completed in May 2011 with an eye towards the investments required for expanding the manufacturing systems at the plant in Gwangju, South Korea (see Corporate News dated 26 May 2011). iQ Power Asia is also set to receive a future loan of $9 million from major Korean financial institutions. iQ Power Asia plans to expand its plant by the addition of two more battery production lines. One production line will be used for commercial vehicle battery sizes, another for automobile battery sizes, along with one line for the manufacturing of lead plates. The expansion is scheduled to be completed by the end of Q2 2012. This ultra-modern manufacturing facility will then enjoy a production capacity of 5.1 million battery units and lead plates.

In light of the tremendous amount of raw materials needed to support such large-scale production, iQ Power Asia and Daewoo International have come to a preliminary agreement on securing the supply of commodities and raw materials. The needed inventories of raw materials valued at more than $25 million will be stored at an area adjacent to the plant and administered by Daewoo. This action not only creates an effective manufacturing environment, but also optimizes space utilization and reduces costs at the same time.

In addition, the Korean consortium affiliated with KG Power has reaffirmed the trust and confidence it has in its relationship with iQ Power AG and has agreed to increase its involvement in iQ Power AG by at least EUR 1.7 million in connection with the current convertible bond issue.

The CEO


http://www.iqpower.com/index.php?pid=1,1&id_news=983

[Aduke]

18.11.2011

iQ Power Publishes Interim Report in Second Half of 2011


Revenues increased some 40 % to EUR 7.7 million in the first nine months of 2011 (prior year: EUR 5.6 million)
Significant improvement in EBIT to minus EUR 2.8 million (prior year: minus EUR 4.1 million)
Strong 3rd quarter 2011: Revenues more than doubled to EUR 3.3 million (Q3 2010: EUR 1.6 million)
Entry into the lead recycling business strengthens competitive position
Major improvement in revenues and earnings expected for full 2011 year


iQ Power AG finished 3rd quarter 2011 with a major increase in revenues.

iQ Power AG generated group revenues of EUR 3.3 million in 3rd quarter 2011, which corresponds to an increase of more than 100 percent over the same period a year ago (Q3 2010: EUR 1.6 million). On a nine-month basis, sales revenues rose some 40 percent in 2011 to a new record level of EUR 7.7 million (prior year: EUR 5.6 million). Here it was mainly the development of new target markets, such as in Eastern Europe, South America, Africa and the Near East, that had a positive impact. Major progress was also made on the earnings side. The operating result (EBIT) improved in these first nine months of 2011 by EUR 1.3 million to minus EUR 2.8 million compared to minus EUR 4.1 million in the comparable period a year ago.

The total assets of iQ Power AG increased to approximately EUR 17.5 million as at the 30 September 2011 reporting date (31 Dec 2010: EUR 14.8 million). Equity improved by EUR 0.9 million to EUR 10.8 million as at 31 September 2011 from EUR 9.9 million at the start of the year. The equity ratio as at the balance sheet date was approximately 62 percent (31 Dec 2010: 67 percent) with EUR 0.97 million available in cash and cash equivalents.

In addition to improved revenue and earnings performance, a number of important decisions were also made regarding the future development of the iQ Power Group during the reporting period. The entry into the lead recycling business in particular helps strengthen the company’s competitive posture. Recycling reduces the dependence on fluctuations in the price of lead, and enables cost savings and efficiencies to be increased. The start of battery production at that same facility also means that the company was able to increase its production capacity at the beginning of the winter season.

The recent secured convertible bond issue, which features 8-percent interest and put options, will raise up to EUR 5.6 million that will be used primarily for making investments to expand the new plant in Bosnia-Herzegovina, and for increasing the amount of available working capital. This represents a responsible step in continuing to pursue the company’s growth strategy.

Under these conditions iQ Power AG is looking ahead with confidence about its performance in the current 2011 year – especially in light of the seasonally strong fourth quarter – and the further successful growth and development of the iQ Power Group. For that reason the company expects a significant improvement in the revenue and earnings situation for the full 2011 year compared to that of the prior year.

The CEO

The interim report from the second half of 2011 is now available for downloading on the iQ Power AG website www.iqpower.com.

» iQ Power Interim Report in Second Half of 2011


http://www.iqpower.com/index.php?pid=1,1&id_news=976&ID=06d71d9454cc195d5bacf6d630d1a5d4

[Aduke]

Check here for company news releases in English:

http://www.iqpower.com/index.php?pid=1,1&lang_id=2&ID=06d71d9454cc195d5bacf6d630d1a5d4

[Aduke]

$0.070 x $0.075. NITE boxing it.

[Aduke]

Quotes at Frankfurt Stock Exchange (in EURO): http://www.boerse-frankfurt.de/EN/index.aspx?pageID=35&ISIN=CH0020609688


Currency converter: http://www.x-rates.com/

[Aduke]

IQPOF - $0.08 x $0.32. NITE boxing it.

[Aduke]

IQPOF - $0.07 x $0.10, up $0.02 on 10,000 shares traded.

[Aduke]

20.10.2011

Production Begins at the Lead Recycling and Battery Manufacturing Plant in Bosnia-Herzegovina

Battery production capacity increased prior to the start of the important winter season
2,000 batteries already manufactured for iQ Power
Planned near-term expansion of production to 30,000 battery units a month
Plans foresee investments to further expand capacity

iQ Power AG is pleased to announce the start of battery production for iQ Power AG at the plant in Bosnia-Herzegovina following the first deliveries of lead grids, which are preliminary products for the making of batteries.

As a result, iQ Power AG has significantly increased its battery manufacturing capacity ahead of this important winter season. Since the start of production at the end of September, and as of mid-October, 2,000 batteries containing iQ technology have been manufactured for iQ Power AG. The current production capacity at this underutilized plant in Bosnia-Herzegovina is 30,000 batteries per month. Plans call for a major expansion of business operations over the medium to long term, both in the fields of battery manufacturing and lead recycling. The capital investments and the development plans needed for this are among the topics to be presented at the extraordinary shareholders’ meeting on 25 October 2011.

Once the formal statutory requirements are completed and approval is granted by the Bosnian Cartel Office, iQ Power will hold a majority interest of 51 percent in this lead recycling and battery manufacturing plant as part of a joint venture (see the ad hoc announcement dated 22 September 2011). This opportunity of increasing its production capacity over the short and medium terms, and thus the ability to respond more flexibly to what continues to be solid demand, will enable iQ Power AG to enhance its future prospects and improve its competitiveness.


The CEO

http://www.iqpower.com/index.php?pid=1,1&lang_id=2&ID=67a195c2207a7557bfeb19c0e9d740e0

[Aduke]

IQPOF has a new MM today - CDRG. As of today, CDRG is #5 on Nasdaq's top 10 list for MMs that provide liquidity:

http://www.nasdaqtrader.com/Trader.aspx?id=topliquidity


UBSS is #7 and NITE is #8.

Could be getting interesting here soon.

[Aduke]

Check here for company news releases:

http://www.iqpower.com/index.php?pid=1,1


For English:

Take your mouse to the menu at the very top. Place it on the item at the extreme right. A drop down box should appear. Click on English.

[Aduke]

IQPOF: Bid - $0.080 x 10K (NITE), Ask - $0.300 x 5K (NITE)

[Aduke]

IQPOF - Link to working Historical Prices is in the iBox.

[Aduke]

WOW - IQPOF! Gotta luv these ones that move on air. NITE moved inside ask from $0.080 to $0.280 on only 1,000 shares traded.

I hope someone's short.

[Aduke]

28.09.2011

Capital Raising Successfully Concluded


40,000,000 new registered shares with a nominal value of CHF 0.03 each placed at a subscription price of EUR 0.048 per share

New shares to be used to fund further corporate growth


iQ Power AG has announced the successful placement of the rights issue to raise capital that was announced on 22 September 2011. The approved capital increase that was decided in the board of directors’ meeting on 21 September 2011 has been carried out and the company’s share capital has been increased by CHF 1,200,000.00 through the issue of 40,000,000 registered shares having a nominal value of CHF 0.03 each.

With the filing of the capital increase in the commercial register of the Canton of Zug, Switzerland, the total number of iQ Power AG registered shares increased accordingly to 456,878,276, a figure that also reflects the bonds that have been converted to date into registered shares in connection with the convertible bond issue. These new registered shares are fully entitled to dividends beginning on 1 January 2011. The issue price for each new registered share was EUR 0.048. The contributions for these new shares were made by offsetting against the shareholder loan provided by the major shareholder KG Power Inc., Seoul, Korea.

These new shares will be used to fund further corporate growth, particularly for acquiring the majority interest in a lead recycling and battery manufacturing plant in Bosnia-Herzegovina, and to undertake the investments that are planned for that location.

The Board of Directors


http://www.iqpower.com/index.php?pid=1,1&id_news=961

[Aduke]

Thanks.

[SUMADARTSON]

Aduke,
you can select Language on HP above.
Go to "deutsch" an choose english
regards

[Aduke]

Do you have an English version of that?

TIA

[SUMADARTSON]

NEWS OUT !!!


Majority Interest in Lead Recycling and Battery Manufacturing Plant / Board approves Capital Increase and extraordinary Shareholders´ Meeting


http://www.iqpower.com/index.php?pid=1,1&id_news=958

[SUMADARTSON]

That's not possible
OTC page is not up to date

[stock_me_up]

Yes the same company however the share structure would not be the same for both stocks.

Pinksheets shows the number of shares for IQPOF
Shares Outstanding 383,609,600 a/o Aug 31, 2010

[SUMADARTSON]

http://www.world-of-stocks.com/rt_data/iqpb

RT for Xetra & Frankfurt


automatic update every minute

[SUMADARTSON]

it´s the same


IQPOF is the symbol for NASDAQ/NYSE/OTC market

the "F" stand for "foreign"


IQPB is the symbol for Germany/Xetra/Tradegate market

[stock_me_up]

I do not believe that to be the share count for IQPOF. The posted share count in the link is for IQPB.

[Aduke]

Thanks for the link in English. iBox has been updated.

[SUMADARTSON]

Actual Share Structure you find on Homepage

Number of Shares as at 29.07.2011 416'234'845


http://www.iqpower.com/index.php?pid=4,4&lang_id=2

[stock_me_up]

oppps the market value was updated, anywho the share structure is more up to date than the one you have listed in the iBox

[Aduke]

I see in the pinksheets that the share structure was updated this year.


LOL! Where do you see that share stucture update for 2011?

[stock_me_up]

The animated gifs in the ibox are very annoying, I would suggest getting rid of those. I see in the pinksheets that the share structure was updated this year.


Share Structure
Market Value - $26,852,672 - a/o Sep 09, 2011
Shares Outstanding - 383,609,600 - a/o Aug 31, 2010

[SUMADARTSON]

Thank you

[Aduke]

There you go. IQPOF just had a trade reported. Only 400 shares at $0.080. A bidwhack. Still trading in the US.

[Aduke]

Correction - The company was never delisted in the US. Voluntarily de-registered to minimize their SEC reporting obligations on December 28, 2006. The stock has been trading every once in a while since then.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=4846596

http://www.otcmarkets.com/stock/IQPOF/quote

[SUMADARTSON]

correct, only the date

In US stock was delisted since 12-29-2006
you can see here

http://www.iqpower.com/index.php?pid=4,4&lang_id=2

you also can see on which markets you can trade under "market segment..."

regards

[Aduke]

The number of shares in the iBox is correct, right? Just the as of date that is in question.

Sorry, I cannot read that language, so I have made your post a sticky, for those who can. It would help if the company would issue some PR's in English, for the benefit of their US shareholders.

Do you know why the stock is not trading?

TIA