iQ Power Names Second Managing Director for German Unit

ZUG, Switzerland, October 6 -- The board of directors of the Swiss iQ POWER AG (OTCBB: IQPOF, Frankfurt IQPB) has appointed the sales expert Christian Runge to join Dr. Gunther Bauer as managing director of its iQ POWER Deutschland GmbH unit. Runge will assume this position on 1 November 2005.

Christian Runge (42) is a business graduate who has already successfully established his own businesses. He is currently an external sales specialist for well-known auto parts suppliers. He began his career with the GEA Group where he was most recently the managing director of one of its subsidiaries.

At iQ POWER Deutschland Runge will be responsible for marketing and product sales in Europe as well as for accelerating the establishment of the key account business.

"Following our most recent successes in Asia, we will now be able to drive our European business as well thanks to Christian Runge's professional competence and expertise," said Peter E. Braun, president of the iQ POWER AG board of directors. "His work for major auto parts suppliers and the tremendous network he has built and fostered with decision makers in the automotive industry form a superb basis for successfully developing and growing our business."

www.iqpower.com.

    
    Peter E. Braun
    Prasident des Verwaltungsrats iQ Power AG
    TEL +49-089-61-44-83-10
    FAX +49-089-61-44-83-40
    E-Mail: peter.braun@iqpower.com

The following is a "safe harbor" statement under the private Securities Litigation Reform Act of 1995: Information published by iQ Power contains forward-looking statements regarding anticipated developments and agreements related to iQ Power's Korean joint venture. These forward-looking statements address future events and conditions and involve inherent risks and uncertainties that may cause actual results to differ materially from anticipated results. Such risks and uncertainties include, but are not limited to, risks associated with iQ Power's ability to achieve the objectives of its business strategy, iQ's ability to raise additional financing on acceptable terms to fund its strategic plan, the accuracy and sufficiency of iQ's anticipated operating budget to implement its strategic plan, risks related to the production and commercialization of the MagiQ battery, the ability of the Korean joint venture to effectively manufacture and market products using iQ technologies, iQ's ability to generate revenue from the sale of its battery and energy management products and through licensing its technologies. The reader is cautioned not to place undue reliance on forward-looking statements

Peter E. Braun, Prasident des Verwaltungsrats iQ Power AG, TEL +49-089-61-44-83-10, FAX +49-089-61-44-83-40, E-Mail: peter.braun@iqpower.com