DGAP-Adhoc: iQ Power AG resolves a new Rights Issu

iQ Power AG / Key word(s): Miscellaneous 08.10.2013 18:00 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 resolves a new Rights Issue due to technical difficulties with the Korean Banks - New Rights Offering due to technical problems with the Korean financial institutions - Fast conclusion to Capital Increase through Rights Issue in October - Good participation from Korean shareholders anticipated - Listing of preference shares (WKN A0DQVL / ISIN CH0199540599) will take place after conclusion of the capital increase Zug/Switzerland, 8 October 2013 - iQ Power AG (ISIN: CH0020609688, German Securities Code Number (WKN): A0DQVL; 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, provides a status report on the current capital increase for the voting and dividend preference shares (WKN A0DQVL / ISIN CH0199540599). The capital increase was well-received by the Korean shareholders, under the leadership of Won-Lak Choi, Board member of iQ Power AG. For the first time, CEO Sullivan met with the current Korean shareholders on September 11th in Seoul. The responsible Director of Discover Energy, licensee and major shareholder of iQ Power AG, also took part in the meeting and explained the great sales potential of the iQ Power technology. The delay in participation is solely due to technical issues. BankM gave the following statement to explain the situation. 'The delay was caused by difficulties arising from the Settlement procedures of the Korean central securities administration, KSD.' The delay in reporting the situation arose due to the necessity of making sure all regulatory procedures could be realized before giving out an official statement. In order to meet the requirements of KSD, iQ Power will conduct a new rights issue. Assuming the approval of the Board of Directors, the rights issue will be from October 11th to October 25th followed by the private placement. Although the capital increase is aimed at the Korean shareholders, due to stock exchange and legal regulations all shareholders will be able to participate. The conclusion of the capital increase is required prior to the listing of the voting and dividend preference shares (WKN A0DQVL / ISIN CH0199540599) on the stock exchange in Germany. After the listing, the preference shares will be able available for trading on the exchange. Management 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 08.10.2013 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 ---------------------------------------------------------------------------