iQ Power Licensing AG: Important Milestone achieved in revitalization of Korean battery factory

Zug / Gwangju, South Korea, 25 August 2015 - (pta020/25.08.2015/15:50 UTC+2) ,

* Court approves the report of the independent appraiser
* Appraiser's report confirms positive re-start and future prospects of factory
* Court approves 2 month period for creditor negotiations

iQ Power Licensing AG (ISIN: CH0268536338; WKN/Security Number: A14M1C; Symbol: IQL) a developer and marketer of technologies for environmentally friendly and technologically innovative starter batteries for motor vehicles and licenses in these technologies, reports the following status on iQ Power Asia:

iQ Power Asia announces the approval of the auditor's report regarding the state of health of the Korean battery factory, iQ Power Asia, in Gwangju, South Korea. The Court also granted a 2 month negotiation period to reach a settlement with all creditor groups.

The independent auditor is appointed by the court to investigate if a company is financially and operationally viable and able to re-pay a significant amount of debts. The auditor has spent the last 60 days not only reviewing the current financial situation of the company, but also the detailed forecast for future sales and costs as well as the functionality of operations, including management and machine capabilities.

Would the appraiser have concluded that the liquidation value of the company is higher than the on-going value of the company, the Court would then suspend the rehabilitation program immediately and begin bankruptcy proceedings.

The appraiser, a certified public accountant with many years of experience in appraising companies in rehabilitation gave a very positive report for future prospects of the factory under the new management and with the support of the key customers, Discover Energy and Daewoo International. Emphasis was given to the large improvements made to machinery repair and improvement, large increase in tooling outlays for new product programs, as well as the adequacy of financing and the professional capability of the current staff, following dismissal of all previous senior managers. The Court accepted without change the report of the independent appraiser.

The company now will enter into tough negotiations with creditors to come up with a debt reduction and repayment program. During this time the plant will continue to operate normally and will aggressively expand the product offering in order to better serve customers in North America and Europe as well as developing countries in Asia and Africa.

Although generally expected, Bob Sullivan, CEO of iQ Power Licensing AG and interim CEO of iQ Power Asia, welcomed greatly the decision of the court and re-stated his aim to grow the business on a foundation of sound management principles.

Batteries with iQ Power technology are designed to generate better performance in Start-Stop applications and to meet the growing demands of electronic usage in vehicles today, is the first significant innovation to the flooded starter battery in decades. Automatic mixing of electrolyte inside the battery ensures uniform acid density for higher sustained performance throughout the entire life of the battery. This prolongs plate life by eliminating acid stratification and thermal gradients, delivering greater material utilization for a lower cost per cycle over conventional batteries. The patented technology was awarded the coveted Automechanika innovation award 1st prize in 2010.

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Emitter:	iQ Power Licensing AG Metallstrasse 6 6304 Zug Switzerland
Contact Person:	Dr. Eva Reuter
Phone:	+49 251 9801560
E-Mail:	e.reuter@dr-reuter.eu
Website:	www.iqpower.com
ISIN(s):	CH0268536338 (Share)
Stock Exchange(s):	Free Market in Berlin