iQ Power AG / Miscellaneous 28.04.2010 20:10 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- iQ Power AG: Start of Negotiations to Acquire Slovenian Battery Maker Akubat - Start of unconditional negotiations - Focus is on flexibly adjusting production capacity and upholding superb battery manufacturing quality as key benefits of the acquisition Zug/Switzerland, 28 April 2010: iQ Power AG (ISIN: CH0020609688, WKN: A0DQVL, Symbol: IQPB), the developer and marketer of environmentally friendly and technologically advanced starter batteries for motor vehicles, has announced today's decision by the board of directors regarding the company's intention of acquiring the Slovenian battery maker Akubat. The probable conditions for taking a majority stake in Akubat, the company's current cooperation partner, are being examined as part of a due diligence. The acquisition of Akubat, involving what is called a compulsory contribution, would give iQ Power AG the opportunity of significantly expanding current production capacities with an eye towards its bold corporate growth strategy. Such a majority takeover would enable iQ Power to access Akubat's existing development and manufacturing resources directly and more flexibly in the future. iQ Power would then be able to process customer orders with greater versatility and more rapid response times. Efforts will be made to conclude these unconditional discussions in the fourth quarter of this year. The CEO About iQ POWER iQ Power AG is a developer and supplier of innovative starter batteries for motor vehicles. The products are technologically advanced, deliver greater efficiency, and are environmentally sound and lighter in weight. The company's many achievements include the development of the world's first software-controlled smart car battery. Industrial batteries and system solutions for electrical energy management in vehicles help round out its operational portfolio. The company's operational element is iQ Power GmbH in Chemnitz (Germany), which is a wholly owned subsidiary of iQ Power AG. Headquartered in Zug (Switzerland), iQ Power AG is a publicly listed stock corporation whose shares are traded on the regulated market (General Standard segment) of the Frankfurt Stock Exchange, over the counter on the securities exchanges in Berlin, Düsseldorf, Munich and Stuttgart, as well as on Xetra (ISIN: CH0020609688, WKN: A0DQVL, IQPB). Contact: Company contact: iQ Power AG MetallstraÃe 9 CH-6304 Zug Tel.: +41(0)417680363 Fax: +41(0)417680368 info@iqpower.com www.iqpower.com Investor Relations contact: GFEI Aktiengesellschaft Hamburger Allee 26-28 60486 Frankfurt am Main Tel: +49(0)69 74 30 37 00 Fax: +49(0)69 74 30 37 22 iQPower@gfei.de www.gfei.de 28.04.2010 20:10 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|] --------------------------------------------------------------------------- Language: English Company: iQ Power AG Metallstrasse 9 6304 Zug Schweiz Phone: +41 41 7680360 Fax: +41 41 768 03 68 E-mail: investor-relations@iqpower.com Internet: www.iqpower.com ISIN: CH0020609688 WKN: A0DQVL Listed: Regulierter Markt in Frankfurt; Freiverkehr in Berlin, München, Düsseldorf, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Start of Negotiations to Acquire Slovenian Battery Maker
| Source: EQS Group AG