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. --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
DGAP-Adhoc: iQ Power AG publishes interim report in first half of 2014
| Source: EQS Group AG