Latest News

Here are the 10 latest announcements. — More news see     Archive

 

 

Shares of iQ International AG have been admitted for trading

 

Dear Fellow iQ International AG Shareholders,

 

The Board of Directors of iQ International AG is pleased to announce that as of February 13, 2019, the Company's shares have been admitted for trading on the Open Market (Freiverkehr) segment on the Berlin Stock Exchange (ISIN CH0451424300/WKN A2PAA5). 

Early trade transactions on the Berlin exchange have been ranging between €1.50 to €1.63 per share, and we have confidence that the stock price will do well in the near future.

The admission for trading is a significant milestone as we continue to prepare the Company to be listed on the Frankfurt Stock Exchange EU-regulated market segment in the coming months.

In addition, the Board of Directors is pleased to announce that the Company has completed an arrangement with a highly respected investment advisor to raise significant debt and equity funding from institutional sources. These funds will be used to carry out our business plan internationally. 

As always, we appreciate our shareholders and your continued support of the Company. We pledge to use our very best efforts to bring the Company the success that it deserves. We are confident in this.

 

Sincerely,

George Weiss

Executive Chairman
iQ International AG

 

 

Exchange & reverse split of the shares scheduled for 13 February 2019

 

Dear shareholders of iQ International AG,

Your Board of Directors is pleased to announce that, pursuant to the merger agreement following the last AGM on 20 December 2018,  the exchange and reverse split of the old shares of iQ Power Licensing AG against the new shares of iQ International AG is planned for the coming week.

According to information from Clearstream Banking AG to the shareholder depository banks, the exchange and the reverse split (at a ratio of 26: 1) are scheduled for 13 February 2019. As a result, shareholders will receive one iQ International AG share in their depository accounts for 26 iQ Power Licensing AG shares starting next week. Shares Fragments due to the reverse split will be rounded up to one full iQ International AG share.

Subsequently, the shares of iQ International AG will be tradable on the Berlin Stock Exchange under ISIN CH0451424300.

 

Kind regards

George M. Weiss
Executive Chairman

 

Admission of iQ International AG shares expected for end of January 2019

 

Dear iQ International Shareholder,
 

The Board of Directors of iQ International AG is pleased to announce that the company's shares will be admitted for trading in the Open Market on the Berlin Stock Exchange and we are expecting this to occur by the end of January (ISIN:  CH0451424300;  WKN: A2PAA5).

In our recent announcement of the Report from the Executive Chairman, we indicated that we expect the iQ International shares to be admitted on the Berlin Stock Exchange on January 23, 2019.

The company is in final discussions with the central depository and they have indicated that there will be a short delay in relation to the settlement as announced previously. While we are expecting this to occur prior to the end of January, we are reliant on the central depository to complete this process. Thank you for your support and understanding.

 

George Roundy

Director  –  Investor Relations
iQ International AG

 

Report from the Executive Chairman

January 10, 2019

 

Dear iQ International AG Shareholder;

iQ International AG   (ISIN: CH0451424300,  WKN: A2PAA5,  Symbol: IQL)

 

First, we thank you for your continued loyalty and confidence. This has been a special year for both iQ Power Licensing AG and Engenavis Inc. shareholders. With the completion of the merger and reverse share split, we are now one family. Being one family, we share great technologies, management expertise and market know how that current management believes will bring substantial value to our shareholders.

As you may know, the merger and reorganization were completed on December 20, 2018.  As a result of the reverse merger, we expect the stock price to adjust accordingly.  We have been informed that iQ International AG’s (Company) share listing on the Berlin Stock Exchange will be finalized on January 23, 2019 when we expect the market to begin to reflect the current value of the synergies of the combined Company based on a total outstanding stock of 33.9 million shares.

During 2018, Engenavis brought to the merged company the benefits from the approximately USD 20 million it has raised in the past two years, USD 14 million of which came from the ExWorks financing. Those funds are being used to grow the battery division of our Company.

As we look forward in this new year, we are in active discussions with institutional investment firms to provide substantial amounts for the Company’s needs during 2019, and we are also in discussions with European investment banking firms for future equity raises. We are confident about closing the upcoming financing based on the Company’s technologies, management and expanding market.

We have formed a wholly owned subsidiary named iQ Power AG which will carry on the Company’s battery business. Bob Sullivan will continue to serve as CEO of this division. We expect great things from our battery division, as Bob is finally able to focus on the creation of battery technologies, factories, distribution and other matters, whereas in the past, he had to carry on those activities as well as manage the Company’s finances and regulatory issues being listed on the Berlin Stock Exchange.  

We are also happy to announce that we are extremely fortunate to have Kevin Loman as the CEO of the Company. Kevin, who has worked closely with Bob Sullivan for many years, is a major factor in our ability to receive major funding and to carry forth an ambitious future for our Shareholders. He is an extraordinary executive, and our Board of Directors are confident that he will lead us to major successes.

There is much more to report, and we will do so periodically. As your Executive Chairman, I look forward to being more involved in shareholder and capital market matters to ensure that we provide current information and that we pursue every possible avenue to corporate success and shareholder value. Stay with us on what will be a fascinating way forward.

 

Respectfully submitted,

George M. Weiss
Executive Chairman of iQ International AG

 

Extraordinary General Meeting of iQ International AG on 20 December 2018 approves all proposals

 

Zug, Switzerland, 20 December 2018 – iQ International AG (ISIN CH0451424300/WKN A2PAA5/ Symbol iQL), a developer and marketer of technologies and licenses for environmentally friendly and technologically leading starter batteries for motor vehicles, announces that the shareholders of iQ International AG approved the merger between iQ Power Licensing AG (as the transferring entity) and iQ International AG (as the acquiring entity) at the extraordinary general meeting on 20 December 2018 in Zug, Switzerland in accordance with the provisions of the merger agreement of 19 November 2018 and based on the audited merger balance sheet of iQ Power Licensing AG  as at 7 November 2018.

In addition, iQ International AG announces that at the General Meeting of iQ Power Licensing AG on 20 December 2018 in Zug, the shareholders also adopted the resolution on the merger with the necessary quorum, and thus the merger can be completed in accordance with the merger agreement of 19 November 2018.

In connection with the merger, the share capital of iQ International AG will be increased by CHF 163,984.56 from CHF 100,000.00 to CHF 263,984.56 by issuing 16,398,456 registered shares with a nominal value of CHF 0.01 each. Once the merger becomes effective, iQ International AG will therefore have a share capital of CHF 263,984.56, divided into 26,398,456 registered shares with a nominal value of CHF 0.01 each. The articles of incorporation of iQ International AG will be subject to a revision in connection with the execution of the merger.

The General Meeting of iQ International AG further resolved to increase
(i) the authorized share capital of iQ International AG to CHF 131,992.28, which will authorize the issuance of up to 13,199,228 registered shares with a nominal value of CHF 0.01 each until 20 December 2020,
(ii) the conditional share capital for financing purposes of iQ International AG to CHF 87,994.85, which will enable the issuance of up to 8,799,485 registered shares with a nominal value of CHF 0.01 each, and
(iii) the conditional share capital for participation plans of iQ International AG to CHF 43,997.43, which will enable the issuance of up to 4,399,743 registered shares with a nominal value of CHF 0.01 each.

The respective resolutions of the General Meeting of iQ International AG were made unanimously. The minutes of the General Meeting will be published in due course on the website of iQ International AG.  

The application to register the merger will be filed immediately with the commercial register. Because of the merger, iQ Power Licensing AG will be deleted from the commercial register of the Canton of Zug. The merger is expected to take effect on 21 December 2018 upon the entry of the merger in the commercial register.

The new Board of Directors of iQ International AG consists of five members: Messrs. George Weiss, Chairman of the Board of Directors, Won-Lak Choi, Member of the Board of Directors, Scott Anchin, Member of the Board of Directors, Kevin Loman, Member of the Board of Directors, and Gilles Patrick Thiéry, Member of the Board of Directors.

The Board of Directors of iQ International AG also resolved to combine certain business segments at home and abroad into new subsidiaries, including iQ Power AG based in Zug. Messrs. George Weiss, Jim LoPresti, Kevin Loman and Gilles Patrick Thiéry were elected to the Board of Directors of iQ Power AG.

The Board of Directors of iQ International AG also approved existing and future option rights for the members of the Board of Directors, managers, employees and third parties. The members of the Board of Directors and Management of iQ International AG will receive value-oriented and performance-based compensation. The details in this regard will be available in the compensation report, which will be published in connection with the next Annual General Meeting of iQ International AG.

After the merger becomes effective, the shares of iQ International AG will be included by the Berlin Stock Exchange (Germany) for trading in the market segment “Open Market (Freiverkehr)” of the Berlin Stock Exchange under security numbers ISIN CH0451424300 and WKN A2PAA5 and trading symbol “iQL”.

Extraordinary General Meeting of iQ Power Licensing AG on 20 December 2018 approves merger with iQ International AG

 

Zug, Switzerland, 20 December 2018 – iQ Power Licensing AG (ISIN: CH028536338, WKN: A14M1C/Symbol iQL), a developer and marketer of technologies and licenses for environmentally friendly and technologically leading starter batteries for motor vehicles, announces the approval of the merger with iQ International AG at the extraordinary general meeting of the company on 20 December 2018 in Zug. Large majority of the votes cast granted the approval. The minutes of the General Meeting will be published in due course on the company’s website.

At the extraordinary general meeting of the shareholders of the acquiring company, iQ International AG, on 20 December 2018, the shareholders also approved the merger and therefore authorised the merger in accordance with the merger agreement of 19 November 2018.

In accordance with the merger, the shareholders of iQ Power Licensing AG will receive 1 new share in iQ International AG for every 26 shares that they hold. If any shareholders of iQ Power Licensing AG are entitled to a fraction of a new share in iQ International AG due to the exchange ratio, they will receive 1 new share for this fraction. The shares, which are necessary in connection with the reverse stock split so that the new iQ International AG shares can be fully allocated without fractions, will be made available without consideration to the respective shareholders from the stock of new iQ International AG shares held by Beechtree Associates, LLC, the majority shareholder of the company. The shareholders of iQ Power Licensing AG are entitled to future dividends, if any, with respect to the new shares in iQ International AG, which they receive in connection with the merger, from the date of their entry in the share register of iQ International AG.

The respective resolutions of the General Meetings of iQ Power Licensing AG and iQ International AG have been filed for entry in the commercial register. Because of the merger, iQ Power Licensing AG will be dissolved and deleted from the commercial register of the Canton of Zug. The merger is expected to take effect on 21 December 2018 upon the entry of the merger in the commercial register.

After the merger becomes effective, the shares of iQ International AG will be included by the Berlin Stock Exchange (Germany) for trading in the market segment “Open Market (Freiverkehr)” of the Berlin Stock Exchange under security numbers ISIN CH0451424300 and WKN A2PAA5 and the trading symbol “iQL”.

Reverse Share Split 26:1 / Extraordinary Shareholders´ Meeting, 20 December 2018

 

Zug, Switzerland, 19 November 2018 – 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 an Extraordinary Shareholders’ Meeting to take place in Zug, Switzerland, on 20 December 2018 at 8:30am CET to approve a reverse share split 26:1.

The Board of Directors proposes that the shareholders approve the merger between iQ Power Licensing AG (as transferring entity) and its wholly-owned Swiss subsidiary iQ International AG (as surviving entity) according to the terms of the merger agreement dated 19 November 2018 and based on the audited merger balance sheet of the Company as of 7 November 2018. As part of such merger, the structuring of the share capital of iQ International AG would effectuate a reverse share split at a ratio of 26:1. The merger would be carried out in line with the provisions of the Swiss Merger Act.

The reverse share split aims at improving the tradability of the shares and is a step to a potential listing on a public law regulated market in the future.

The merger documentation will be available to shareholders for inspection at the company’s as well as at iQ International’s offices at Metallstrasse 6, 6300 Zug, Switzerland, (and will be available for download on the Company’s website (www.iqpower.com/en/content/merger). The merger documentation includes the interim balance sheet of iQ Power Licensing AG as of 7 November 2018. The interim balance sheet shows the company financials post-integration of the company Engenavis, which will be publicly announced in accordance with legal requirements. The interim balance sheet shows total assets of CHF 37,8 million and equity of CHF 22,4 million. For details please refer to the company website as noted above.

It is anticipated that the proposed merger will be consummated and filed upon its approval by the relevant shareholders’ meetings and that the shares of the surviving entity, iQ International AG, will be admitted for trading on the unregulated market segment “Open Market” (“Freiverkehr”) of Börse Berlin (Germany) under the trading symbol “IQL”.

Share capital increase from new US subsidiary completed as planned

  • Engenavis Inc., Delaware/USA, is now 100% subsidiary of iQ Power Licensing AG

Zug, Switzerland, 08 November 2018 – iQ Power Licensing AG (ISIN: CH0268536338; WKN/Security Number: A14M1C; Symbol: IQL) a developer and marketer of green technologies for mobile power solutions and licenses in these technologies, announces the registration of the remaining shares from all individual Engenavis shareholders in exchange for shares of iQ Power Licensing AG.

On October 2, the first batch of the capital increase approved at the Annual General Meeting (AGM) of September 28 were registered. In this first batch, 12’976’311 Engenavis shares were exchanged for 285’478’842 iQ shares, which resulted in a share capital of CHF 6’273’497.38 and 627’349’738 issued shares.

On November 8, the second batch of the capital increase approved at on the AGM of September 28 were registered. In this second batch, 2’682’279 Engenavis shares will be exchanged for 59’010’138 iQ Power Licensing shares. After the second registration iQ Power Licensing will have a share capital of CHF 6’863’598.76 and a total of 686’359’876 shares issued and outstanding.

Shareholders who previously owned Engenavis shares, will then own 344’488’980 iQ Power shares, representing 50,2% of total outstanding shares of iQ Power Licensing.

The new Engenavis subsidiary brings additional technologies to iQ Power Licensing. Most significant of their product portfolio are a waste to energy and vehicle anti-idling technologies. The valuation, which was performed by an expert US appraisal company, shows a risk discounted value of approximately USD 88 million for Engenavis Inc. The new technologies reduce the risk profile of iQ Power Licensing, while multiplying the earnings potential.

 

Engenavis N4 Power “KinetiCharger” anti-idling technology for motor vehicles now available on GSA

 

  • The N4 Power "KinetiCharger" anti-idling technology through a partnership with GSA Contractor, FedHarmony is now available on the General Services Administration (GSA) procurement program
     
  • Procurement volume of the GSA totals approximately USD 32 billion annually

Zug, Switzerland, 23 October 2018 – iQ Power Licensing AG (ISIN: CH0268536338; WKN/Security Number: A14M1C; Symbol: IQL) a developer and marketer of green technologies for mobile power solutions and licenses in these technologies, announces a product marketing milestone of its US-based amalgamation partner Engenavis Inc., Delaware/USA.

The N4 Power division of Engenavis Inc. through a strategic partnership with FedHarmony, a long-standing GSA Contract Holder, achieved the N4 Power KinetiCharger anti-idling system to be added to the current list of automotive products of the GSA. The Federal Government's General Services Administration (GSA) for the purchase of equipment, materials and services to US municipal and governmental organizations such as the police, fire brigade, ambulances or municipal vehicles, is now offering the KinetiCharger anti-idle technology nationwide through their purchase and procurement program.

With immediate effect, US agencies and municipalities affiliated with GSA can now more easily purchase N4 Power's anti-idle technology enabling them to save fuel and reduce CO2 on their vehicles through this streamlined and convenient government purchasing program. Adding the N4 Power KinetiCharger anti-idling system solution to the GSA purchasing system (which has a very large user base) opens up many additional sales opportunities for Engenavis and N4 Power.

The GSA program enables state authorities and local institutions in the U.S. to purchase their supplies of materials and services of all kinds via a special online portal nationwide. In 2016, the program recorded more than 32 billion USD in procurement purchases.

”N4 Power's patented KinetiCharger anti-idling solution is the most adaptable system on the market nationwide”, says Rudy Garcia, N4 Power's Vice President Sales & Marketing, based in Scottsdale, Arizona. ”It has been designed to be used in a wide range of different types of vehicle from many car manufacturers and can also be installed in different configurations, depending on  application. These unique product features have attracted a lot of attention in the market”, says Garcia.

The market potential for vehicle anti-idling technology in the U.S. is large. Municipal fleets alone account for a vehicle stock of around 600’000 units covering a wide range of vehicle types.

The KinetiCharger is a patented retrofit system solution for vehicles that provides onboard stored electrical energy to all vehicle accessories including climate control when the vehicle’s engine is off (anti-idle operation). Beyond the fuel and vehicle maintenance cost savings benefits of this anti-idle system, new U.S. legislation to reduce CO2 emissions is also requiring many fleets to adopt anti-idle technologies.

The system solution can provide a payback period of two years on average when considering payback from fuel savings, reduced engine wear and less frequent service intervals”, Rudy Garcia explains.

Both green-tech technology companies, Swiss iQ Power Licensing AG and the US American Engenavis Inc., are amalgamating according to shareholder resolution of September 28, 2018.

 

Important multi-million USD interim financing completed

 

  • All conditions for the disbursement of the interim financing of $ 14 million have been fulfilled
  • iQ Power Licensing acquires a 51% majority stake in an established Western European battery factory
  • First funds to acquire majority of the EU battery manufacturer already paid
  • Funds will serve new technologies and manufacturing facilities for the BFF Battery-Factory-of-the-Future concept, as well as building production for N4 Power's KinetiCharger anti-idle system of iQ Power's US amalgamation partner Engenavis Inc.

 

Zug, Switzerland, October 17, 2018 – iQ Power Licensing AG (ISIN: CH0268536338; WKN/Security Number: A14M1C; Symbol: IQL) a developer and marketer of green technologies for mobile power solutions and licenses in these technologies, announces the completion of a major multimillion USD financing deal. All prerequisites for financing have been met. This includes, in particular, the acquisition of the majority stake in a Western European battery manufacturer.

The USD 14 million financing follows the amalgamation of iQ Power Licensing with the US partner Engenavis Inc. of Delaware/USA. The current funding is a bridge loan until the completion of a much larger funding of a large double-digit or even triple-digit million USD funding.

The first funds for acquisition of a 51% majority stake in a West European battery manufacturer have already been paid. The company is an established manufacturer of automotive lead-acid batteries. The battery manufacturer is a well-reputed company with positive cash flow with an annual turnover between 20 million and 40 million Euros and a long-standing large customer base.

The majority stake in the company enables iQ Power to use the factory to implement its "Battery Factory of the Future" concept (BFF). The planned future investments in new processes, technologies and facilities will nearly triple the plant's capacity while greatly boosting profitability. At the same time, the plant will serve as a showcase for battery manufacturers worldwide.

The interim financing agreement also allows financing of the R&D work for and construction of several innovative battery manufacturing technologies (to be announced later), as well as installation of production capacity for the new anti-idle system KinetiCharger of N4 Power at iQ Power´s US amalgamation partner Engenavis.