iQ Power Licensing AG: Plan proposal finalized and submitted to court for restructuring of Korean factory

Zug / Gwangju (South Korea) (pta023/30.10.2015/11:15 UTC+1) ,

- Negotiations with creditors enter last phase
- Results anticipated before end of the year

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, announces the on time submission by iQ Power Asia Inc. of the Restructuring Plan Proposal to the court in Korea this Friday. The plan has been reviewed by the court in advance and meets all requirements prescribed by Korean law for a successful restructuring. The last hurdle to a successful plan will be the final agreement with the key creditors.

There have been several rounds of negotiations with the key creditors and all areas for agreement have been defined with possible solutions in discussion. Management hopes to have a conclusion in November or latest December. The final terms and conditions of the Plan will be determined after the negotiations have ended.

Management of iQ Power Licensing AG as well as Discover Energy and Daewoo International remain confident of a successful conclusion. The factory is investing heavily in new tooling for the expanded product offering. In addition, new battery types including a high cycle battery for recreational vehicles as well as a high capacity starter battery for commercial vehicles are being developed.

Bob Sullivan, CEO of iQ Power Licensing AG and interim CEO of iQ Power Asia and administrator of the Korean factory stated, "the continued heavy investment in tooling and new development is a clear signal that we believe in a successful conclusion of the restructuring process. While many battery companies are experiencing a downturn in orders, we continue to add new customers and increase order volume."

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. Electrolyte mixing 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