iQ Power Licensing AG: Renewal of existing Convertible Bond

Zug (pta042/13.10.2016/14:00 UTC+2) ,

* Successful negotiation with major subscriber assures necessary majority of creditors for renewal of existing Convertile Bond
* Renewal of the current bond for 5 years subject to creditor approval
* CEO of iQ Power Licensing AG will invest EUR 100.000 in Convertible Bonds following renewal

Zug, Switzerland, 13 October 2016 - 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 on the intention to renew the convertible bond ending 31.December.2016.

The renewal of the convertible bond will be for a further 5 years. The renewal will give the company further flexibility during the build up phase of license sales and relieve the company from the need of paying off the outstanding debt of EUR 1.2 million at the end of the year. With the renewal, no capital increase will be required for financing.

The CEO of iQ Power Licensing AG, Bob Sullivan, has decided to personally subscribe for 20 convertible bonds at EUR 5.000 per bond, totaling EUR 100.000, and thus showing his commitment to the company. The reason for the purchase was the excellent chance for long-term gains given the improving prospects for the company iQ Power Licensing AG after the reorganization of the Korean partner and licensee iQ Power Asia Inc.

The approval requires a 2/3 majority of current bondholders. A successful negotiation with the major institutional bondholder and other long-term bondholders should assure the passage of the company's board resolution. The major institutional bondholder holds about 50% of the outstanding bonds. This bondholder required further concessions in order to agree. The major concession is that the company's patents will be pledged as subordinate security for the bonds. The pledge is limited to the amount of the bonds and would only be triggered in case of default. Further, a small reduction in the strike price of 16% was agreed.

About the iQ Power Technology
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.

(end)

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