iQ Power AG reported earnings results for the year ended December 31, 2011. For the year, the company's sales revenues was up 17% to EUR 10.8 million against EUR 9.3 million for the same period last year. Operating result before special items improved approximately 10%. As a result of liquidity-neutral one-time effects in the course of realigning the company, the net result of approximately minus EUR 10.6 million was markedly lower than the prior-year figure of minus EUR 4.5 million. First, a write-down of EUR 4.1 million was made against the equity interests due to the uncertain future of the European operations. Second, an additional write-down of approximately EUR 2.5 million was made, primarily for special tools. When adjusted for one-time special effects relating to the corporate realignment, operating earnings improved some 10% from minus EUR 4.5 million in the prior year to minus EUR 4.1 million. The company provided earnings guidance for the 2012 fiscal year. A major improvement in the earnings situation is expected for the current 2012 fiscal year in light of the commitment to streamlining the group and cost structures, and a positive development in licensing revenues.