Swiss Institutional Investors Increase Their Holdings in iQ Power

ZUG, Switzerland, December 23 -- iQ POWER AG (OTCBB: IQPOF) reports that between late November and early December Swiss institutional investors subscribed 1.6 million shares of iQ POWER at a price of EUR 0.75 each. The associated capital increase was recorded pursuant to Swiss law in the commercial register of the Canton of Zug on 22 December 2005.

There are currently a total of four institutional investors, including two first-tier capital providers, involved in iQ POWER through financing measures. Three of these shareholders have expanded their existing investments. The purpose of the capital increase is to prepare and support the company's capital-investment projects.