FORM 6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

For the month of ~~June~~August 2005

Commission File Number 000-26165

IQ POWER AG

(Translation of registrant’s name into English)

Erlenhof Park
Inselkammer Strasse 4
D-82008 Unterhaching, Germany

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F

Form 20-F

Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b) 82 —

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

iQ POWER AG

Date: ~~July~~August 123, 2005 By: /s/ Peter E. Braun Peter E. Braun Chief Executive Officer

~~Corporate~~iQ ~~Announcement~~Power AG Announces Completion of Investment in Korea Joint Enterprise

~~Swiss~~3 ~~Institutional~~August 2005, Zug/Switzerland ~~Investors~~– ~~Buy~~iQ ~~Two~~POWER ~~Million~~AG ~~Shares~~(OTCBB: IQPOF, Frankfurt: IQPB) announce that it completed the acquisition of its 40% interest in iQ ~~Power~~ POWER Asia Inc., a company organized and existing under the laws of Korea, and the Korean joint enterprise originally announced in December 2004. The joint enterprise was formed to develop, manufacture and market innovative products for the Asian automotive market based on technology developed by iQ POWER.

28In ~~June~~that ~~2005,~~process ~~Zug/Switzerland –~~the iQ POWER AG acquired ~~(OTCBB:~~more ~~IQPOF,~~then ~~Frankfurt:~~1.783 ~~IQPB)~~million ~~has~~shares ~~announced~~of ~~that~~common ~~the~~ stock ~~option~~of ~~the company~~iQ ~~issued~~POWER ~~has~~Asia ~~been~~Inc. ~~exercised~~at ina purchase ~~its~~price ~~entirety~~of ~~and~~Won ~~that~~891,528,000 ~~institutional~~or ~~investors~~approximately ~~have acquired~~US$ a880,000, ~~securities~~representing ~~package~~a ~~of two million iQ POWER shares~~40% shareholding. The ~~capital~~remaining ~~increase accompanying~~60% ~~this~~are ~~has~~held ~~already~~by ~~been~~KG ~~entered~~Power, ina ~~the~~company ~~commercial~~organized ~~register~~and ofexisting under the ~~Swiss~~laws ~~canton Zug.~~of ~~These~~Korea, ~~two~~and ~~million~~Tae ~~shares~~Soo ~~represent~~Lee, a ~~stake~~citizen of ~~more~~Korea. ~~than~~The 540% shareholding of iQ POWER. ~~Because~~AG ~~the share~~in ~~package is distributed between two investors,~~ the ~~individual~~joint ~~investments~~venture ~~are~~cannot ~~not subject~~be ~~to statutory securities reporting requirements~~diluted. ~~The two capital providers are Swiss first-tier institutional investors.~~

AsIn ~~was~~connection ~~already~~with ~~reported~~the ~~on 11 May, this~~ investment in by iQ POWER AG ~~will serve to finance its 40% equity holding~~ in iQ POWER Asia Inc., the joint venture iQ ~~Power~~POWER Asia Inc. was ~~established~~designated inas a ~~December~~“Foreign ~~2004~~Invested ~~and~~Enterprise” is(FIE) ~~structured~~by asthe aforeign ~~joint venture~~exchange atbank aauthorized ~~ratio~~by the ofKorean ~~40/60~~Ministry ~~between~~of iQCommerce, ~~POWER~~Industry AG and aEnergy ~~Korean~~pursuant ~~consortium.~~to ~~The~~the ~~purpose~~Foreign ofInvestment ~~this~~Promotion ~~new~~Law. ~~company~~As isa ~~the~~foreign ~~production~~invested ~~and~~enterprise, ~~marketing~~iQ ofPower ~~innovative~~Asia ~~electrical~~Inc. ~~energy~~is ~~storage systems~~now eligible for certain ~~the~~benefits ~~Asian~~that ~~automobile~~may ~~industry~~be onoffered ~~the~~by ~~basis of~~ the ~~technology~~Korean ~~developed by iQ POWER~~government.

~~About~~In iQorder ~~Power~~to ~~AG Headquartered~~provide inthe ~~Zug/Switzerland, iQ~~technology ~~Power~~for ~~AG specializes in~~ the ~~development~~joint ~~and~~venture ~~marketing~~enterprise, ofiQ ~~intelligent~~POWER ~~systems~~Licensing ~~solutions for electrical energy management (Smart Energy Management~~AG, ~~SEM)~~a inwholly ~~the~~owned ~~power~~subsidiary ~~and~~of ~~wiring~~iQ ~~systems~~POWER ofAG ~~automobiles~~entered ~~and~~into ~~other~~a ~~forms~~licensing ofagreement ~~transportation.~~with ~~Among~~iQ ~~the~~POWER ~~company’s~~ASIA ~~many achievements~~Inc ~~was~~as the ~~world’s first software-managed, intelligent car battery~~licensee. ~~The~~Under ~~development~~the ~~unit~~terms ~~is iQ Power Deutschland GmbH~~ of ~~Munich~~the ~~and~~licensing aagreement, ~~wholly~~iQ ~~owned~~POWER ~~subsidiary~~Asia ~~of iQ~~Inc. ~~Power~~will ~~AG.~~pay iQ ~~Power~~POWER Licensing AG additional islicensing afees ~~publicly~~based ~~listed~~on ~~stock~~future ~~corporation~~production ~~(ISIN:~~volumes ~~CH0020609688), whose~~of ~~shares are traded on~~ the ~~Nasdaq~~Korean ~~OTC-BB~~joint ~~(IQPOF)~~venture. Furthermore, ~~over~~ the ~~counter~~iQ onPOWER ~~the~~Licensing ~~Frankfurt and~~AG ~~Berlin~~will ~~Stock~~be ~~Exchanges,~~afforded asan ~~well~~advance asdividend onof ~~XETRA~~US$2 million ~~(IQPB,~~from ~~WKN:~~iQ ~~A0DQVL).~~POWER –Asia’s ~~Please~~net ~~visit www~~income.~~iqpower.com.~~

~~The~~About ~~following is a “safe harbor” statement under the private Securities Litigation Reform Act of 1995: Information published by~~ iQ Power ~~contains~~AG ~~forward-looking statements regarding~~Headquartered ~~anticipated~~in developments and agreements. 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 includeZug/Switzerland, ~~but are not limited to, risks associated with~~ iQ Power’s ~~ability~~AG tospecializes ~~achieve the~~in ~~objectives of its business strategy, iQ’s ability to raise additional financing on acceptable terms to fund its strategic plan,~~ the ~~accuracy~~development and ~~sufficiency~~marketing of ~~iQ’s~~ ~~anticipated~~intelligent ~~operating~~systems ~~budget~~solutions tofor ~~implement~~electrical ~~its~~energy ~~strategic~~management ~~plan,~~(Smart ~~risks~~Energy ~~related to the~~Management, ~~production~~SEM) ~~and~~in ~~commercialization of~~ the ~~MagiQ~~power ~~battery, potential fluctuations in operating~~ and ~~research~~wiring ~~and~~systems ~~development~~of ~~expenses,~~automobiles ~~project~~ and ~~product~~other ~~development~~forms ~~contingencies, iQ’s ability to generate revenue from the sale~~ of ~~its battery and energy management products and through licensing its technologies~~transportation. ~~The reader is cautioned not to place undue reliance on forward-looking statements~~

Among the company’s many achievements was the world’s first software-managed, intelligent car battery. The development unit is iQ ~~POWER~~Power Deutschland GmbH of Munich and a wholly owned subsidiary of ~~Aktiengesellschaft~~iQ •Power ~~Baarerstrasse~~AG. ~~137~~iQ •Power CHAG is a publicly listed stock corporation (ISIN: CH0020609688), whose shares are traded on the Nasdaq OTC-BB (IQPOF), over the counter on the Frankfurt and Berlin Stock Exchanges, as well as on XETRA (IQPB, WKN: A0DQVL). – ~~6300~~Please ~~Zug~~visit www.iqpower.com.

~~Seite~~The 2following /is 2 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.

~~Further~~2 ~~Information: Peter E. Braun President of the iQ Power AG Board of Directors TEL: +49-089-61-44-83-10 FAX: +49-089-61-44-83-40 E-Mail: peter.braun@iqpower.com~~

iQ POWER AG • Metallstr. 9 • CH–6304 Zug

iQ Power to Get Higher Advance Payment Totaling $1.35 Million From Korea Thursday June 30, 12:27 pm ET

ZUG, Switzerland, June 30 /PRNewswire-FirstCall/ — iQ Power AG (OTCBB: IQPOF, Frankfurt: IQPB) has reported that the payment announced on 10 December 2004 has increased from $1.1 million to $1.35 million. Of this amount, $1.1 million has already been received, of which $0.65 million was in 2004. The additional $250,000 is a flat-rate licensing fee that is attributable to increased administrative expenses and is due this year.

Payments are being made on the basis of the licensing agreement signed in December 2004 between iQ Power Licensing AG, a wholly owned subsidiary of iQ Power AG, and iQ Power Asia Inc. According to this licensing agreement, the since-established iQ Power Asia Inc. initially pays fixed compensation of $1.35 million. This payment is in addition to licensing fees, which are dependent on future production volumes.

This licensing agreement is an integral part of a number of contracts with the Korean consortium. Among other things, these contracts call for the establishment of a joint venture in Korea with the goal of manufacturing and marketing innovative products for the Asian automotive market on the basis of technology developed by iQ Power.

About iQ Power AG Headquartered in Zug, Switzerland, iQ Power AG specializes in the development and marketing of intelligent systems solutions for electrical energy management (Smart Energy Management, SEM) in the power and wiring systems of automobiles and other forms of transportation. Among the company’s many achievements was the world’s first software-managed, intelligent car battery. The development unit is iQ Power Deutschland GmbH of Munich and a wholly owned subsidiary of iQ Power AG. iQ Power AG is a publicly listed stock corporation (ISIN: CH0020609688), whose shares are traded on the Nasdaq OTC-BB (IQPOF), over the counter on the Frankfurt and Berlin Stock Exchanges, as well as on XETRA (IQPB, WKN: A0DQVL). — Please visit www.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. 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

iQ POWER Aktiengesellschaft • Baarerstrasse 137 • CH – 6300 Zug

Seite 2 / 2

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, potential fluctuations in operating and research and development expenses, project and product development contingencies, 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

Further Information: Peter E. Braun President of the iQ Power AG Board of Directors TEL: +49-089-61-44-83-10 FAX: +49-089-61-44-83-40 E-Mail: peter.braun@iqpower.com

iQ POWER AG • Metallstr. 9 • CH–6304 Zug

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