DGAP-Adhoc: iQ Power AG: iQ Power AG announces results of

iQ Power AG / Key word(s): Final Results/Corporate Action 30.04.2014 20:00 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 announces results of capitalisation measures and publishes 2013 annual report - EUR 1.43 million in proceeds from the capital increase and exercise of option rights - Revenues low for the year 2013 - Total earnings for 2013 improve following elimination of one-off restructuring costs - All known risks taken into account in the 2013 consolidated financial statements - Positive outlook thanks to new licence income since Q1 2014 Zug/Switzerland, 30 April 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 innovative starter batteries for motor vehicles and licences in these technologies, has published its figures for the 2013 financial year and announced the results of the most recent capitalisation measure. Capitalisation measure Following the subscription right offer dated 3 April 2014 with the private placement and exercise of option rights, voting and preferred shares with a gross value of EUR 1.43 million have been subscribed. Proceeds in the amount of EUR 1.18 million were allocated to the capital increase (subscription of 92.5 million voting and preferred shares) and EUR 0.25 million to the exercise of 18.1 million option rights. The total number of outstanding shares for iQ Power AG increased to some 879.4 million, including 456.9 million common shares (ISIN: CH0020609688) and 422.5 million voting and preferred shares (ISIN: CH0199540599). The results do not include additional subscriptions that are pending and legally binding. These were paid on time, but the funds have not yet been deposited to the company's account due to technical problems at the bank. Following the capital increase, the application for stock listing of the new voting and preferred shares (WKN A0DQVL / ISIN CH0199540599) on the Baden-Württemberg Stuttgart exchange has been formally revised. This will not cause a further time delay. 2103 annual report In the 2013 financial year, consolidated revenues were EUR 15,000 (prior year: EUR 151,000). As part of its strategic reorientation, iQ Power AG has not been involved in battery production, trading and sales since the 2012 financial year. The development of licence revenue was impacted by a weaker than expected start-up at the licensee Smart Battery, USA and years of slowdown in production at the licensee iQ Power Asia, South Korea. Sales operations at new licensee Discover Energy resulted in positive, continuous revenues only after the reporting period - in the first quarter of 2014. Earnings for the year improved significantly, from a loss of EUR 4.4 million in the prior year to EUR -1.7 million in 2013. The reason for the improvement was the elimination of one-time restructuring costs. In spite of extra expenses for development and manufacture of injection moulding tools for producing iQP-2 mixing components, operating costs increased only slightly to EUR 1.7 million (2012: EUR 1.5 million). Overall, the lower losses, the redemption of the convertible bond for 2010-2013 and two capital increases, along with the restructuring measures, had a major effect on the balance sheet figures. Current assets amounted to around EUR 0.3 million as at 31 December 2013 (previous year: EUR 1.2 million), while non-current assets were essentially unchanged year-on-year at EUR 3.4 million as of the balance sheet date (previous year: EUR 3.6 million). Current liabilities declined to EUR 2.2 million (previous year: EUR 2.8 million), while non-current liabilities decreased from EUR 0.9 million in the previous year to EUR 0.6 million. Reported equity amounted to around EUR 1.0 million as at 31 December 2013 (previous year: EUR 1.1 million), while total assets amounted to EUR 3.8 million after EUR 4.8 million in the previous year. This resulted in an equity ratio of 27%. Cash and cash equivalents amounted to EUR 0.1 million at the reporting date (previous year: EUR 1.0 million). The 2013 consolidated financial statements of iQ Power AG take into account all known risks to which the Company is exposed. In light of the successful realignment of iQ Power AG as a technology developer and licensor, a vastly streamlined corporate and cost structure, reinforcement of the capital base with the most recent measures and the licence income since the first quarter of 2014, the company believes that it has laid the foundations for successful future development and is confident about the outlook for the rest of 2014. The CEO Further information can be found in iQ Power AG's 2013 Annual Report, which is now available to download from iQ's 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). 30.04.2014 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 ---------------------------------------------------------------------------