DGAP-Adhoc: iQ Power AG publishes interim report in first half of 2014

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| Source: EQS Group AG
iQ Power AG  / Key word(s): Interim Report

15.05.2014 12:30

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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iQ Power AG publishes interim report in first half of 2014 

  - First revenue generated following strategic reorientation

  - Substantial improvement in earnings to EUR -0.1 million (Q1 2013: EUR
    -0.5 million, Q1 2012: EUR -0.9 million)

  - Streamlined cost structure and strategic reorientation form the basis
    for a positive outlook for 2014

Zug/Switzerland, 15 May 2014  -  iQ Power AG (ISIN: CH0020609688, German
Securities Code Number (WKN): A0DQVL/symbol: IQPB, ISIN:
CH0199540599/German Securities Code Number (WKN): A1J7TW), a developer and
marketer of technologies for environmentally friendly and technologically
leading starter batteries for motor vehicles and licences in these
technologies, has published an interim report in the first half of 2014.

The company's figures show an increasingly positive picture. Comprehensive
income improved significantly to EUR -0.1 million in the first quarter, up
around EUR 0.4 million on the same period of the previous year (Q1 2013:
EUR -0.5 million, Q1 2012: EUR -0.9 million). This development resulted
from reduced costs in the context of the new strategic orientation of the
company, as well as initial income from the first business with the new
strategic partner. Costs were also reduced by non-recurring prior-period
income of around EUR 0.1 million for restructuring costs that did not
materialise. Ongoing costs of around EUR 0.3 million were in line with
expectations.

The initial business with the new strategic partners, which only began in
the period under review, resulted in consolidated revenues of EUR 43,000
for iQ Power AG in the first quarter of 2014 (Q1 2013: EUR 11,000).
 
Total assets at 31 March 2014 amounted to EUR 3.8 million and were
unchanged as against 31 December 2013, while equity amounted to EUR 0.9
million at the end of the reporting period (31 December 2013: EUR 1.0
million). This resulted in an equity ratio of 23% (31 December 2013: 27%).

Following the strategic reorientation of the company as a dedicated
technology licensor, the cost structure has been streamlined significantly.
In the first quarter of 2014, iQ Power started production and initiated
sales activities for its new generation of components (iQP-2) for
electrolyte mixing in batteries. The new design and its functions are
patented. The new construction allows more efficient and effective
functionality with improved battery properties as well as lower production
costs. This has significantly increased the attractiveness of iQ technology
for existing and potential licensees. The manufacture and sale of the
components required for the use of the iQ technology are under the direct
control of iQ Power and represent a further source of revenue in addition
to the growing licence income.

In light of the increased revenue of its licensees using licensed products,
iQ Power AG is anticipating a further improvement in its own revenue and
earnings situation in the 2014 financial year as a whole.

The Management Board

Further information can be found in the iQ Power AG interim report in the
first half of 2014, which is now available for download on the iQ Power
website at www.iqpower.com.

About iQ POWER
iQ Power develops and markets technologies for new types of starter
battery. At the heart of this technology are the world's first starter
batteries to feature more efficient automated electrolyte mixing with
passive elements - a patent of iQ Power.

For iQ Power's licensees, the new generation of starter batteries offers
significant advantages in terms of increased customer benefit, higher
product reliability and life cycle stability, a longer useful life and
improved environmental and resource protection. In 2010, this ecological
innovation won iQ Power the prestigious Automechanika Innovation Award for
outstanding product innovation.

As a stock corporation, iQ POWER AG is a listed company. The company's
securities are traded on the regulated market (General Standard) of the
German Stock Exchange in Frankfurt, over the counter on the stock exchanges
in Berlin, Düsseldorf, Munich and Stuttgart as well as via XETRA (ISIN:
CH0020609688, German Securities Code Number (WKN): A0DQVL, IQPB).




Contact:
Company Contact:
iQ Power AG
Metallstrasse 6
6304 Zug
Schweiz
info@iqpower.com
www.iqpower.com

Investor Relations Contact:
GFEI Aktiengesellschaft
Am Hauptbahnhof 6
60329 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


15.05.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      iQ Power AG
              Metallstrasse 6
              6304 Zug
              Switzerland
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 (General Standard);
              Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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