iQ Power Licensing AG

All agenda items approved at the Annual Shareholders´ Meeting on September 28, 2018 in Zug

Public disclosure of inside information according to article 17 MAR

Zug, Switzerland, 29 September 2018 (pta002/29.09.2018/20:20) - ,

* Share capital increase approved for the proposed amalgamation with Engenavis Inc., Delaware/USA
* Approval of the proposed amalgamation with Engenavis Inc., Delaware/USA
* Four new members of the Board of Directors approved
* Board of Directors approve immediate measures for new listing in the regulate market
* Stock options granted to new financing partners and new key employees

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 the approval of all agenda items at the Annual Shareholders´ Meeting held on September 28, 2018 in Zug. The entire protocol will be published on the company website as soon as all notarial formalities have been accomplished.

Shareholders have paved the way for the amalgamation with Engenavis Inc. The transaction will be final upon the exchange of Engenavis shares for the Corporation's shares which will be completed within a day or two. Also, the parties are cooperating to consummate the new USD 14 million funding expected shortly from ExWorks, a highly experienced lender to corporations like the combined Engenavis and iQ Power Licensing. This closing is anticipated within two weeks.

Approximately 370 million shares will be created for issuance to Engenavis Inc. shareholders in exchange for 100% of the shares in Engenavis Inc. The iQ Power Licensing AG shares are being issued at a value of EUR 0,07/share, which represents a purchase price of just under EUR 26 million.

The valuation of Engenavis Inc., recently done by a highly respected expert appraiser of US companies like Engenavis, resulted in a discounted value of approximately USD 88 million. This report was audited by the Swiss auditors for iQ Power Licensing. Post-amalgamation iQ Power Licensing shareholders will have slightly over 49% of the new company, and Engenavis stockholders will, have slightly above 50%.

Four new members have joined the Board of Directors of iQ Power Licensing AG: Mr. George Weiss, CEO of his private investment firm Beechtree Capital, LLC and Executive Chairman of Engenavis, will serve as the new Chairman of the Board. New Board members will also be Bob Sullivan, who is the current CEO of iQ Power Licensing (Mr. Sullivan will also serve as Vice Chairman of the Board), Jim LoPresti as COO and Scott Anchin (CFO) while Mr. Won-Lak Choi will remain on the Board of Directors. Special thanks were given to the out-going long-serving Chairman of the Board, Dr. Raymond Wicki. Thanks were also given to Mr. Bernhard Rose and Mr. Darwin Sauer who are now no longer Board Members.