iQ International AG: iQ International has signed a (non-binding) USD130 million term sheet for institutional funding

The funds are intended for iQ International's expansion plan

Zug/Switzerland - 16. September 2020 (pta018/16.09.2020/17:45 UTC+2) ,

iQ International AG (ISIN CH0451424300 / WKN A2PAA5 / Symbol IQL), a multinational sustainable technologies company publicly traded at the General Standard of the Frankfurt Stock Exchange with its global head office in Zug, Switzerland and North American headquarters in Scottsdale, Arizona, recently announced the signing of a (non-binding) USD130 million term sheet.

After intense negotiations with selected investment groups, iQ International has signed a term sheet for a USD130 million institutional equity and debt financing with a major Asian institutional fund to finance the Company's expansion plan. The term sheet provides that the total financing will be approximately half in three-year debt and half in preferred equity. The institutional fund was introduced to the Company and represented by Capstone Headwaters, a well-known US financial advisory firm. When that funding is completed, Capstone will become the Company's primary financial advisor going forward. The Company works towards a signing and closing of the financing within the last quarter of 2020.

iQ has been working for over 18 months on transitioning the Company's business strategy from purely licensing to one that vertically integrates its technologies into owned and operated battery factories. The financing is intended for iQ's expansion that will address the current capacity constrained battery industry and the batteries shrinking life in today's highly electrified vehicles. This expansion is aiming at the acquisition of two corporations owning well known and long-standing battery plants as well as the upfitting of the Company's SIA plant. The Company will demonstrate its Advanced Battery Factory (ABF) production technologies through the SIA upfit and will thereafter begin installing its new equipment at the two acquisition factories.

Although there is no guaranty that this financing and these acquisitions will happen, as both will be subject to due diligence and final agreements, management is confident that they can consummate both the financing and the acquisitions.

"I am extremely proud of what our small team at iQ International AG has achieved so far. Both the Company and its shareholders know how hard it has been to get here. The finance community overlooks lead-acid batteries and has instead invested heavily in technologies like the various lithium chemistries, yet there is an immediate and important need for innovation in the traditional lead-acid sector, which contrary to some belief is not going anywhere anytime soon. Overcoming this preconception took a great effort from our partners and staff and I'd like to take this opportunity to acknowledge and thank them" says Kevin T. Loman, CEO - iQ International AG

iQ International AG
iQ International AG is a multinational sustainable technologies company listed at the General Standard of the Frankfurt Stock Exchange. The Company licenses parts of its IP portfolio, and manufactures/distributes highly efficient lead-acid batteries that meet the increased need for cycle life in today's global automotive and storage markets. Its award-winning innovative technology is used to create superior, long-lasting, OEM-approved Starting-Lighting-Ignition (SLI) batteries. Batteries with iQ International AG technologies are designed to generate better performance in today's highly electrified vehicles, particularly vehicles with the Start-Stop function. The Company's technologies have the potential to reduce the carbon footprint of the transportation industry, helping car makers meet the emissions reduction mandates. - For more information, visit www.iqint.com

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Emitter:	iQ International AG Landis + Gyr Strasse 1 6300 Zug Switzerland
Contact Person:	Eva Reuter
Phone:	+41 41 768 03 63
E-Mail:	ereuter@dr-reuter.eu
Website:	www.iqinternational.com
ISIN(s):	CH0451424300 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin