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iQ International AG
Ansprechpartner: Eva Reuter
Tel.: +41 41 768 03 63
E-Mail: ereuter@dr-reuter.eu

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pta20200604016
Business news for the stock market

iQ International AG: iQ Enterprise Valuation


Zug/Switzerland - 4 June 2020 (pta016/04.06.2020/11:10) - ,

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, has in preparation for future financings, secured a third-party professional enterprise valuation.

iQ International's management team, in preparation for an institutional financing under discussion, secured a third-party professional enterprise valuation. The financing is expected to occur in the second half of 2020 providing necessary working capital for the Corporation as well as completing two factory acquisitions currently the subject of binding Letters of Intent and the up fit of the Corporation's Italian plant Sia.

iQ International AG's current pre-financing and pre-acquisition valuation was appraised by the independent professional appraisal company at USD135.4 million USD. Upon successful completion of the planned financing, the two acquisitions and the Sia up fit, the report states that the Company's then appraised enterprise valuation would be USD273.7 million USD.

The Company is planning, with the possible financing, for a greater than six times increase in production capacity through the two acquisitions, with binding letters of intent signed with the sellers, as well as the development and expansion of its Italian battery manufacturing plant (SIA) into a full 'Advanced Battery Factory' (ABF)* - the first within the industry.

The above-mentioned financing would result in an increase in the Corporation's production capacity from 800,000 batteries per year to over 5.0 million batteries per year (6.25 times more) and positions the Company's 360° Mixing technology for rapid further acceptance throughout the international market.

While the full appraisal report will only be shared with perspective financiers under a confidentiality and nondisclosure agreement, the report's significant results are as noted above - USD135.4 million USD at present and USD273.7 million USD post financing and acquisitions.

Kevin T. Loman, the Company's CEO, comments, "management is working diligently to demonstrate what we believe iQ's intrinsic value is to prospective funding partners. This enterprise valuation is an important tool in that process."
*For more details, visit: https://www.iqint.com/advancedleadacidbatteryfactories

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
stock exchanges: regulated market in Frankfurt; open market in Berlin
ISIN(s): CH0451424300 (share)
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