iQ Power AG: iQ Power AG reports Half-year results for 2014

Zug, 04. August 2014 (pta006/04.08.2014/08:15 UTC+2) -

- First time ever Breakeven
- Net Revenue of EUR 551.000 ; Profit after tax of EUR 5.000
- Results improved by EUR 786.000 versus same period 2013
- New strategy bears first fruits

iQ Power AG (ISIN: CH0020609688 WKN: A0DQVL / Symbol: IQPB, ISIN: CH0199540599 / WKN: A1J7TW / Symbol IQPA), 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 first half-year 2014.

For the reporting period, 1.Jan - 30.June 2014 the net revenues totaled EUR 551k vs EUR 12k in the same period 2013. The large increase was due to the start of sales of the strategic licensee, Discover Energy and the conclusion of the license contract with the Brazilian licensee including an upfront royalty payment.

The higher income and lower costs were the direct result of the new strategy adopted by the company in 2012. The profit after tax was EUR 5k versus a loss of EUR 781k for the same period 2013.

The current assets as of 30.June.2014 were EUR 1.8 million versus EUR 0,3 million as of 31.12.2013. The long-term assets as of 30.June.2014 were EUR 3.3 million roughly equivalent to EUR 3,4 million as of 31.12.2013. Current liabilities sank to EUR 1.8 million from EUR 2.2 million at the end of 2013. Long-term debt increased slightly from EUR 0,6 million to EUR 0,8 million from the end of 2013. Total assets were EUR 5,0 million (vs. EUR 3,8 million per 31.12.2013). Equity amounted to EUR 2,5 million (vs. EUR 1,0 million per 31.12.2013) or 50 % of the total debt-equity mix, up from 27% at year-end 2013. Cash improved to EUR 0,8 million from EUR 0,1 million per 31.12.2013.

All known and verifiable risks were considered in the financial statements.

Due to the lean cost structure and improved market position of iQ Power AG as Licensor, the company is well-positioned for further good business developments in 2014.

Management

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 a patented technology for the starter battery. The technology dramatically improves the lifetime, re-charging and reliability of the battery at low costs and no negative technical side-effects.

As a stock corporation, iQ POWER AG is a listed company. The company's common stock 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) and the preferred and voting rights stocka are traded in Berlin (ISIN: CH0199540599, German Securities Code Number (WKN): A1J7TW, IQPA).

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Emitter:	iQ Power 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):	CH0020609688 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Munich, Stuttgart