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 ~~August~~December 2005

Commission File Number 000-26165

IQ POWER AG

(Translation of registrant’s name into English)

~~Erlenhof~~Baarerstr. ~~Park~~137 ~~Inselkammer Strasse 4 D~~CH-~~82008~~6300 ~~Unterhaching,~~Zug ~~Germany~~Switzerland (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: ~~August~~December 157, 2005 By: /s/ Peter E. Braun Peter E. Braun Chief Executive Officer

~~City~~iQ ofPower: ~~Gwangju~~Groundbreaking ~~Provides~~in South iQKorea ~~Power~~for ~~Asia~~ Construction ~~Inc.~~of anthe ~~Industrial~~World’s ~~Site~~Most toModern ~~Build~~and ~~its~~Innovative ~~Manufacturing~~ Battery ~~Plant~~Factory

117 ~~August~~December 2005, ~~Seoul~~Gwangju/South Korea, Zug/Switzerland – ~~The~~For ~~Korea~~iQ ~~Industrial~~POWER ~~Complex~~AG ~~Corporation,~~(OTCBB: ~~acting on behalf of the Korean city of Gwangju~~IQPOF, ~~recently~~Frankfurt: ~~provided~~IQPB) ~~the~~and ~~Korean company~~ iQ POWER Asia Inc., ~~in which~~Tuesday’s ~~the~~formal ~~Swiss~~groundbreaking iQceremony ~~POWER~~marked AGyesterday’s ~~(ISIN:~~official start ~~CH0020609688,~~of ~~WKN:~~construction ~~A0DQVL,~~on ~~IQPB)~~the ~~holds~~most amodern ~~40-percent equity~~battery ~~stake,~~factory anin ~~industrial~~the ~~site~~world. onThis ~~which~~first tofacility for ~~build~~the ~~its own~~ manufacturing ~~plant. The piece~~ of ~~land~~iQ ~~provided~~POWER’s innovative, ~~which~~electronically ismanaged ~~completely~~car ~~developed~~batteries, will ~~boasts~~go anup ~~area~~next ofyear ~~more~~on ~~than~~an approximately 36,~~300~~ 000-square ~~meters~~-meter ~~and~~industrial issite ~~situated within the Pyeongdong Industrial Park’s “Foreign Investment Zone”~~ in the South Korean high-tech ~~metropolitan~~center ~~area~~ of Gwangju., ~~The~~a city of ~~Gwangju and the iQ POWER Asia Inc. and iQ POWER AG companies had signed the related memorandum~~ of ~~understanding~~a inmillion ~~Munich on 9 May~~people.

iQIn ~~POWER~~accordance ~~Asia~~with ~~Inc.~~the ~~intends~~memorandum toof ~~manufacture~~understanding ~~innovative~~(MOU) ~~electrical-energy~~that ~~storage~~iQ ~~systems~~POWER ~~for~~signed with the ~~Korean~~city ~~automobile industry~~of Gwangju in ~~the~~May ~~plant~~of ~~that~~this isyear, toiQ POWER beAsia ~~built~~Inc.‘s onequivalent ~~the~~Euro ~~site.~~investment ~~The~~will ~~foundation~~range ~~for~~in ~~this~~the isdouble-digit ~~the~~millions. ~~technology~~Some ~~that~~160 iQhighly ~~POWER~~qualified ~~has~~Korean ~~developed.~~workers ~~Construction~~will ofbe ~~the~~employed ~~plant~~in isthis ~~set~~Korean toplant ~~begin~~ in ~~fall~~its ~~2005~~first ~~with~~stage ~~completion planned for the end~~ of ~~2006~~expansion. iQThis ~~POWER~~new ~~Asia~~facility ~~Inc.~~ will bestart ~~investing~~operations ~~a total~~in ofthe ~~some~~coming ~~$12~~year producing ~~million~~an ininitial ~~the~~annual ~~property~~volume ~~over~~of ~~the~~a ~~coming~~good three ~~years~~million intelligent batteries (smart batteries).

~~The~~In ~~terms~~attendance ~~for~~at the ~~entrusted~~ceremony were ~~commercial~~the ~~property~~lord ~~are~~mayor ~~very liberal~~ and ~~amount~~city tocouncil ~~an equivalent leasing fee~~ of ~~some $1~~Gwangju,~~800~~ ~~per~~as ~~month.~~well ~~The~~as ~~agreement~~over ~~has~~350 ainvited ~~50-year~~guests, ~~term and ends in August 2055. As long as iQ~~including ~~POWER~~high-ranking ~~Asia~~military ~~Inc.~~representatives ~~wants~~and antop ~~extension~~managers offrom the ~~contract,~~Korean ~~the contract will be automatically~~automobile ~~renewed for another 10 years~~industry.

~~The prerequisite for such a generous transfer of this property was~~ iQ POWER Asia Inc.‘s, ~~recently~~which ~~recognized~~is ~~status as a~~building ~~foreign~~this ~~invested~~new ~~enterprise (FIE)~~plant, ~~which~~is ~~the~~a ~~Foreign~~joint ~~Exchange~~venture ~~Bank~~between ~~awarded it on behalf of~~ the ~~Korean~~Swiss ~~Ministry~~technology ofcompany ~~Economics,~~iQ ~~Industry~~Power and ~~Energy. As was reported~~ a ~~week ago, iQ~~ ~~POWER~~Korean AGindustrial ~~had~~consortium. ~~earlier~~The ~~completed~~Swiss ~~its~~organization ~~acquisition~~holds ofa 40%-percent ofstake ~~the equity~~ in the ~~newly founded~~joint company iQ POWER Asia Inc. ~~company.~~Swiss

~~Meanwhile,~~iQ ~~the~~Licensing ~~design~~AG ~~and~~will ~~planning for~~provide ~~construction of~~ the ~~future manufacturing plant are already underway.~~ ~~“Preparations~~technology ~~are~~for ~~moving~~these atbold ~~full~~new ~~speed,”~~products ~~emphasized~~and ~~Tae~~also ~~Soo~~holds ~~Lee,~~the ~~Managing Director of iQ POWER Asia Inc~~patents. ~~in Seoul.~~ The ~~city~~licensing ~~of Gwangju~~ company is ~~promoting~~a ~~this~~wholly ~~project through~~owned ~~both~~subsidiary ~~its progressive policies toward welcoming and establishing industry and the kind~~ of ~~attractive~~iQ ~~support~~POWER ~~it affords in terms of infrastructure and administration~~AG.

~~About~~_________________ iQ Power AG 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. Headquartered in Zug/Switzerland, the company’s numerous achievements include the world’s first software-managed, intelligent car battery. The development unit is iQ Power Deutschland GmbH of Munich, 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.

Please visit www.iqpower.com.



Further	Peter E. Braun
Information:	President of the iQ Power AG Board of Directors
	TEL +41-41-7666-900
	FAX +41-41-7666-940
	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

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

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