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<TITLE>iQ Power S-8</TITLE>
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     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">As filed with the Securities
and Exchange Commission on November 8, 2002</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Registration
No. 333-</FONT> </TD>
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<H1 ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">SECURITIES AND
EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549</FONT> </H1>

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<A NAME=A003></A>
<H1 ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="5">FORM S-8</FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE="3">REGISTRATION
STATEMENT<BR>
UNDER THE SECURITIES ACT OF 1933</FONT> </H1>

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<H1 ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="5">IQ POWER
TECHNOLOGY INC.</FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Exact name of Registrant
as specified in its charter)</FONT> </H1>

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     <TD align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Canada</B> </FONT></TD>
     <TD align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Not Applicable</B></FONT></TD>
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     <TD align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(State or
other jurisdiction of organization</FONT></TD>
     <TD align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(I.R.S.
Employer Identification No.)</FONT></TD>
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     <TD align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Suite 708-A, 1111 West Hastings
Street<BR>
Vancouver, British Columbia<BR>
Canada V6E 2J3</B></FONT></TD>
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     <TD align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Address of
Principal Executive Offices</FONT></TD>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>iQ Power Technology
Inc. 2001 Stock Incentive Plan,<BR>
as amended and restated (the &#147;Incentive Plan&#148;) </FONT></H1>

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<A NAME=A013></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>iQ Power Technology
Inc. 1998 Stock Option Plan,<BR>
as amended and
restated (the &#147;Option Plan&#148;) </FONT></H1>

<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Full title of the plan)  </FONT></P>


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     <TD align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Evergreen
Corporate Services, Inc.<BR>
31635 36th Avenue S.W.<BR>
Federal Way, Washington&nbsp;&nbsp;98023-2105</B></FONT></TD>
</TR>
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     <TD align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Name and
address of agent for service</FONT></TD>
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     <TD align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>(253)&nbsp;
838-4427</B></FONT></TD>
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<TR>
     <TD align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Telephone number,
including area code, of agent for service) address of agent for services</FONT></TD>
</TR>
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<H1 ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">CALCULATION OF
REGISTRATION FEE</FONT> </H1>


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<TR VALIGN=Bottom>
     <TH COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Title of Each Class of<BR>
Securities to be Registered<SUP>(1)</SUP> </FONT></TH>
     <TH COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Amount to<BR>
be Registered</FONT></TH>
     <TH COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Proposed <BR>
Maximum Offering <BR>
Price Per Share</FONT></TH>
     <TH COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Proposed<BR>
 Maximum Aggregate<BR>
Offering Price</FONT></TH>
     <TH COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Amount of<BR>
Registration Fee</FONT></TH></TR>
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     <TD ALIGN="LEFT" COLSPAN="1342177"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Common Shares under the <BR>
&nbsp;&nbsp;&nbsp;&nbsp;Option Plan</FONT>
      </TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1,251,000 shares</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.525<SUP>(2)</SUP> </FONT></TD>
        <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;656,775</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>.50</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT" COLSPAN="1342177"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Common Shares under the<BR>
&nbsp;&nbsp;&nbsp;&nbsp;Incentive Plan</FONT></TD>
      <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1,000,000 shares</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.525<SUP>(2)</SUP> </FONT></TD>
        <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;525,000</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>.30</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN="LEFT" COLSPAN="1342177"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Total</FONT></TD>
      <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">2,251,000 shares<SUP>(3)</SUP> </FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
        <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;1,181,775</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>.80</FONT></TD></TR>
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          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><SUP>(1)</SUP> </FONT> </TD>
          <TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          Common Shares, without par value, offered by the Registrant pursuant to the
          Plans described herein. </FONT></P></TD>
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          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><SUP>(2)</SUP> </FONT> </TD>
          <TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          The proposed maximum offering price per share and the registration fee were
          calculated in accordance with rule 457(c) and (h) based on the average high and
          low prices for the Registrant&#146;s common shares on November 5, 2002, as
          quoted on the NASD Over-The-Counter Bulletin Board Market, which was $ 0.525 per
          share. </FONT></P></TD>
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          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><SUP>(3)</SUP> </FONT> </TD>
          <TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          An additional 3,448,000 common shares issuable upon exercise of options granted
          under the Registrant&#146;s 1998 Stock Option Plan, as amended, were previously
          registered pursuant to Registration Statement No. 333-84453 filed on August 4,
          1999; Registration Statement No. 333-54580 filed on January 30, 2001; and
          Registration Statement No. 333-65848 filed on July 25, 2001. An additional
          1,500,000 common shares issuable under the Registrant&#146;s Incentive Plan, as
          amended, were previously registered pursuant to Registration Statement No.
          333-65848 filed on July 25, 2001. </FONT></P></TD>
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          <BR>

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<H1 ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">EXPLANATORY
NOTES</FONT> </H1>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">On August 4, 1999, iQ
Power Technologies Inc. (the &#147;Registrant&#148;), filed a Registration Statement on
Form S-8 (SEC File No. 333-84453) to register 1,918,000 common shares, no par value
(&#147;Common Shares&#148;), issuable upon exercise of stock options granted by the
Registrant under its 1998 Stock Option Plan, as amended. </FONT> </P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">On January 30, 2001,
the Registrant filed a Registration Statement on Form S-8 (SEC File No. 333-54580) to
register an additional 46,000 Common Shares issuable upon exercise of stock options
granted by the Registrant under its second amendment to its 1998 Stock Option Plan. </FONT> </P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">On July 25, 2001, the
Registrant filed a Registration Statement on Form S-8 (SEC File No. 333-65848) to register
the 1,499,000 additional Common Shares issuable upon exercise of stock options granted by
the Registrant under its third amendment, and to its 1998 Stock Option Plan issuable by
the Registrant under its 2001 Incentive Plan. </FONT> </P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The Registrant has
prepared this Registration Statement in accordance with the requirements of Form S-8 to
register 1,251,000 additional Common Shares issuable upon exercise of stock options
authorized to be granted by the Registrant under an amendment and restatement of the 1998
Stock Option Plan, which was approved by the Registrant&#146;s board of directors on June
3, 2002 and the Registrant&#146;s shareholders on June 25, 2002, and 1,000,000 additional
Common Shares issuable by the Registrant under an amendment and restatement of the
Registrant&#146;s 2001 Incentive Plan, which was approved by the Registrant&#146;s board
of directors on June 3, 2002 and the Registrant&#146;s shareholders on June 28, 2002. A
total of 2,251,000 Common Shares are being registered on this Form S-8. </FONT> </P>

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<H1 ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">PART I.&nbsp;&nbsp;
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS</FONT> </H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Registrant will provide documents
containing the information specified in Part 1 of Form S-8 to employees as specified by
Rule 428(b)(1) under the Securities Act. Pursuant to the instructions to Form S-8, the
Registrant is not required to file these documents either as part of this Registration
Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the
Securities Act. </FONT></P>

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<H1 ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">PART II.&nbsp;&nbsp;
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</FONT> </H1>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 3. Incorporation of
Documents by Reference.</B> </FONT> </H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The documents listed in (a) through
(c) below are incorporated by reference in this registration statement. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The Registrant&#146;s latest annual report on Form 10-KSB filed on April 1,
          2002, pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934,
          as amended. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act
          since the end of the fiscal year covered by the registrant&#146;s latest annual
          report incorporated by reference herein pursuant to (a) above. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The description of the Registrant&#146;s securities contained in the
          Registrant&#146;s registration statement on Form 8-A filed with the Securities
          and Exchange Commission on May 21, 1999, including any amendment or report filed
          for the purpose of updating such description. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>All documents filed by the Registrant
pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date hereof
and prior to the filing of a post-effective amendment which indicates that all securities
offered have been sold or which deregisters all securities then remaining unsold shall be
deemed to be incorporated by reference herein and to be a part hereof from the date of
filing of such documents. </FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 4.&nbsp;&nbsp;
Description of Securities.</B> </FONT> </P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Not Applicable </FONT></P>

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<A NAME=A030></A>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 5.&nbsp;&nbsp;
Interests of Named Experts and Counsel.</B> </FONT> </P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Gregory A. Sasges, a director and
shareholder of the Registrant, is also a principal in the law firm of Gregory A. Sasges
Law Corp., the Registrant&#146;s Canadian legal counsel. Gregory A. Sasges Law Corp. has
rendered an opinion in connection with the filing of this registration statement. </FONT></P>

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<A NAME=A031></A>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 6.&nbsp;&nbsp;
Indemnification of Directors and Officers.</B> </FONT> </P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The By-laws of the Registrant provide
that, subject to the Canada Business Corporations Act (the &#147;CBCA&#148;), the
Registrant shall indemnify a director or officer of the Registrant, a former director or
officer of the Registrant or a person who acts or acted at the Registrant&#146;s request
as a director or officer of a body corporate of which the Registrant is or was a
shareholder or creditor, and his heirs and legal representatives, against all costs,
charges and expenses reasonably incurred by him in respect of certain actions or
proceedings to which he is made a party by reason of his office, if he met certain
specified standards of conduct and shall also indemnify any such person in such other
circumstances as the CBCA or law permits or requires. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Under the CBCA, except in respect of
an action by or on behalf of the Registrant to procure a judgment in its favor, the
Registrant may indemnify a present or former director or officer or a person who acts or
acted at the Registrant&#146;s request as a director or officer of another corporation of
which the Registrant is or was a shareholder or creditor, and his heirs and legal
representatives, against all costs, charges and expenses, including an amount paid to
settle an action or satisfy a judgment, reasonably incurred by him in respect of any
civil, criminal or administrative action or proceeding to which he is made a party by
reason of his position with the Registrant and provided that the director or officer acted
honestly and in good faith with a view to the best interests of the Registrant, and, in
the case of a criminal or administrative action or proceeding that is enforced by a
monetary penalty, had reasonable grounds for believing that his conduct was lawful. Such
indemnification may be made in connection with a derivative action only with court
approval. A director or officer is entitled to indemnification from the Registrant as a
matter of right if he was substantially successful on the merits and fulfilled the
conditions set forth above. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The Registrant is considering
obtaining Director&#146;s and Officer&#146;s Liability Insurance for its directors, but it
does not currently maintain Director&#146;s and Officer&#146;s Liability Insurance. </FONT></P>

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<A NAME=A032></A>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 7.&nbsp;&nbsp;
Exemption from Registration Claimed.</B> </FONT> </P>

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<A NAME=A033></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Not Applicable </FONT></P>

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<A NAME=A034></A>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 8.&nbsp;&nbsp;Exhibits.</B> </FONT> </P>

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<TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;Exhibit<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Number</U></B> </FONT> </TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><BR>
<B>&nbsp;<U>Description</U></B> </FONT> </TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.1  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;The
iQ Power Technology Amended and Restated 1998 Stock Option Plan  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.2  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;iQ
Power Technology Amended and Restated 2001 Incentive Plan</FONT></TD>
</TR>
</TABLE>
<BR>



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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5.1  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;Opinion
of Gregory A. Sasges Law Corp.  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>       23.1  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;Consent
of Deloitte &amp; Touche GmbH Wirtschaftsprufungsgesellschaft  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>       23.2  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;Consent
of Gregory A. Sasges Law Corp.                         (Included in Exhibit 5.1)  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>       24.1  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;Power
of Attorney (See page II-5 of this registration statement)  </FONT></TD>
</TR>
</TABLE>
<BR><BR><BR>


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<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>II-2 </FONT></P>

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<A NAME=A037></A>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 9.&nbsp;&nbsp;Undertakings.</B> </FONT> </P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The undersigned Registrant hereby undertakes: </FONT></P>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          To
file, during any period in which offers or sales are being made, a
          post-effective amendment to this registration statement:  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%></TD>
<TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          To
include any prospectus required by Section 10(a)(3) of the Securities Act;  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%></TD>
<TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          To
reflect in the prospectus any facts or events arising after the effective           date
of the registration statement (or the most recent post-effective amendment
          thereof) which, individually or in the aggregate, represent a fundamental
change           in the information set forth in the registration statement.
Notwithstanding the           foregoing, any increase or decrease in volume of securities
offered (if the           total dollar value of securities offered would not exceed that
which was           registered) and any deviation from the low or high and of the
estimated maximum           offering range may be reflected in the form of prospectus
filed with the           Commission pursuant to Rule 424(b) if, in the aggregate, the
change in volume           and price represents no more than 20% change in the maximum
aggregate offering           price set forth in the &#147;Calculation of Registration Fee&#148; table
in the           effective registration statement;  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%></TD>
<TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          To
include any material information with respect to the plan of distribution not
          previously disclosed in the registration statement or any material change to
          such information in the registration statement;  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>provided, however,</I> that
paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration statement is on Form
S-3, Form S-8, or Form F-3 and the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed with or furnished to
the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange
Act that are incorporated by reference in this registration statement. </FONT></P>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%></TD>
<TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          That
for the purpose of determining any liability under the Securities Act, each
          such post-effective amendment shall be deemed to be a new registration
statement           relating to the securities offered therein, and the offering of such
securities           at that time shall be deemed to be the initial <I>bona fide </I>offering
          thereof.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=6%></TD>
<TD WIDTH=94%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          To
remove from registration by means of a post-effective amendment any of the
          securities being registered which remain unsold at the termination of the
          offering.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The undersigned Registrant hereby undertakes that, for purposes of determining
          any liability under the Securities Act, each filing of the Registrant&#146;s
          annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act,
          (and, where applicable, each filing of an employee benefit plan&#146;s annual
          report pursuant to section 15(d) of the Exchange Act) that is incorporated by
          reference in the registration statement shall be deemed to be a new registration
          statement relating to the securities offered therein, and the offering of such
          securities at that time shall be deemed to be the initial <I>bona fide
          </I>offering thereof. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Insofar as indemnification for liabilities arising under the Securities Act may
          be permitted to directors, officers and controlling persons of the Registrant
          pursuant to the foregoing provisions, or otherwise, the Registrant has been
          advised that in the opinion of the Securities and Exchange Commission such
          indemnification is against public policy as expressed in the Securities Act and
          is, therefore, unenforceable. In the event that a claim for indemnification
          against such liabilities (other than the payment by the Registrant of expenses
          incurred or paid by a director, officer or controlling person of the Registrant
          in the successful defense of any action, suit or proceeding) is asserted by such
          director, officer or controlling person in connection with the securities being
          registered, the Registrant will, unless in the opinion of its counsel the matter
          has been settled by controlling precedent, submit to a court of appropriate
          jurisdiction the question of whether such indemnification by it is against
          public policy as expressed in the Act and will be governed by the final
          adjudication of such issue. </FONT></P>
<BR><BR>

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<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>II-3 </FONT></P>


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<A NAME=A038></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>SIGNATURES </FONT></H1>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>The Registrant</U>.
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that
it has reasonable grounds to believe that it meets all of the requirements for filing on
Form S-8 and has duly caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Unterhaching, Germany, on this 6th
day of November, 2002. </FONT> </P>


<TABLE width=600 align=center CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
     <TD width=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD width=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>IQ POWER TECHNOLOGY
INC.</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE width=600 align=center CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>

     <TD width=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD width=50%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By:&nbsp;&nbsp;<U>/s/&nbsp;
Peter E. Braun&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Peter E. Braun,<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President and Chief Executive Officer<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Principal Executive Officer) </FONT> </TD>
</TR>
</TABLE>
<BR>
<TABLE width=600 align=center CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>

     <TD width=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD width=50%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By:&nbsp;&nbsp;<U>/s/&nbsp;
Marco Graf von Matuschka&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marco Graf von Matuschka, <BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finance and Controlling Office of iQ Battery<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Research &amp; Development GmbH</FONT></TD>
</TR>
</TABLE>
<BR><BR><BR><BR><BR>


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<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>II-4 </FONT></P>


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<A NAME=A043></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>POWER OF ATTORNEY </FONT></H1>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Each person whose
signature appears below constitutes and appoints Gunther C. Bauer and Russ French, or any
of them, his attorney-in-fact, with the power of substitution, for them in any and all
capacities, to sign any amendments to this registration statement, and to file the same,
with exhibits thereto and other documents in connection therewith, with the Securities and
Exchange Commission, hereby ratifying and confirming all that said attorneys-in-fact, or
their substitute or substitutes, may do or cause to be done by virtue hereof. </FONT> </P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Pursuant to the
requirements of the Securities Act of 1933, as amended, this registration statement has
been signed by the following persons in the capacities and on the date indicated. </FONT> </P>


<TABLE width=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
     <TD width=250> <FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Signature</B> </FONT></TD>
     <TD width=250><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Title</B> </FONT></TD>
     <TD width=100><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Date</B> </FONT> </TD>
</TR>
</TABLE>
<BR>

<TABLE width=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
     <TD width=250><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/&nbsp;Peter E. Braun&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Peter E. Braun </FONT></TD>
     <TD width=250><FONT FACE="Times New Roman, Times, Serif" SIZE=2>President, Chief Executive Officer<BR>
and Director</FONT></TD>
     <TD width=100><FONT FACE="Times New Roman, Times, Serif" SIZE=2>October 31, 2002</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE width=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
     <TD width=250><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/&nbsp;Dr. Gunther C. Bauer&nbsp;&nbsp;
&nbsp;&nbsp;</U><BR>
Dr. Gunther C. Bauer </FONT></TD>
     <TD width=250><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Vice-President, Research &amp; Development <BR>
and Director</FONT></TD>
     <TD width=100><FONT FACE="Times New Roman, Times, Serif" SIZE=2>October 31, 2002</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE width=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
     <TD width=250>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/&nbsp;
Russel French&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Russel French </FONT> </TD>
     <TD width=250><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
     <TD width=100><FONT FACE="Times New Roman, Times, Serif" SIZE=2>October 31, 2002</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE width=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
     <TD width=250><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/&nbsp;
Hans Ambos&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Hans Ambos</FONT></TD>
     <TD width=250><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
     <TD width=100><FONT FACE="Times New Roman, Times, Serif" SIZE=2>October 30, 2002</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE width=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
     <TD width=250><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/&nbsp;
Gregory A. Sasges&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Gregory A. Sasges</FONT></TD>
     <TD width=250><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
     <TD width=100><FONT FACE="Times New Roman, Times, Serif" SIZE=2>October 31, 2002</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE width=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
     <TD width=250><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
John Lawson</FONT></TD>
     <TD width=250><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
     <TD width=100><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE width=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
     <TD width=250><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>/s/&nbsp;Kenneth Sam&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Kenneth Sam</FONT></TD>
     <TD width=250><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Authorized U.S.
Representative</FONT></TD>
     <TD width=100><FONT FACE="Times New Roman, Times, Serif" SIZE=2>November 6, 2002</FONT></TD>
</TR>
</TABLE>
<BR>


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<A NAME=A047></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT INDEX </FONT></H1>

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<TR VALIGN=TOP>
<TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;Exhibit<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Number</U></B> </FONT> </TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><BR>
<B>&nbsp;<U>Description</U></B> </FONT> </TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.1  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;The
iQ Power Technology Amended and Restated 1998 Stock Option Plan  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.2  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;iQ
Power Technology Amended and Restated 2001 Incentive Plan</FONT></TD>
</TR>
</TABLE>
<BR>



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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5.1  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;Opinion
of Gregory A. Sasges Law Corp.  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>       23.1  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;Consent
of Deloitte &amp; Touche GmbH Wirtschaftsprufungsgesellschaft  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>       23.2  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;Consent
of Gregory A. Sasges Law Corp.                         (Included in Exhibit 5.1)  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>       24.1  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;Power
of Attorney (See page II-5 of this registration statement)  </FONT></TD>
</TR>
</TABLE>
<BR>


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{"company-data": {"conformed-name": "IQ POWER TECHNOLOGY INC", "cik": "0001072667", "assigned-sic": "3690", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-101109", "film-number": "02814420"}, "business-address": {"street1": "SUITE 708-A", "street2": "11 WEST HASTINGS STREET, V6E 2J3", "city": "VANCOUVER, BC", "phone": "6046693132"}, "mail-address": {"street1": "SUITE 708-A, 111 WEST HASTINGS STREET", "street2": "VANCOUVER, BC V6E 2J3"}}
iQ Power S-8
As filed with the Securities
and Exchange Commission on November 8, 2002
Registration
No. 333-
SECURITIES AND
EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION
STATEMENT
UNDER THE SECURITIES ACT OF 1933
IQ POWER
TECHNOLOGY INC.
(Exact name of Registrant
as specified in its charter)
Canada
Not Applicable
(State or
other jurisdiction of organization
(I.R.S.
Employer Identification No.)
Suite 708-A, 1111 West Hastings
Street
Vancouver, British Columbia
Canada V6E 2J3
Address of
Principal Executive Offices
iQ Power Technology
Inc. 2001 Stock Incentive Plan,
as amended and restated (the "Incentive Plan")
iQ Power Technology
Inc. 1998 Stock Option Plan,
as amended and
restated (the "Option Plan")
(Full title of the plan)
Evergreen
Corporate Services, Inc.
31635 36th Avenue S.W.
Federal Way, Washington  98023-2105
Name and
address of agent for service
(253) 
838-4427
(Telephone number,
including area code, of agent for service) address of agent for services
CALCULATION OF
REGISTRATION FEE
Title of Each Class of
Securities to be Registered
(1)
Amount to
be Registered
Proposed
Maximum Offering
Price Per Share
Proposed
Maximum Aggregate
Offering Price
Amount of
Registration Fee
Common Shares under the
Option Plan
1,251,000 shares
$         0.525
(2)
$       656,775
$       60
.50
Common Shares under the
Incentive Plan
1,000,000 shares
$         0.525
(2)
$      525,000
$       48
.30
Total
2,251,000 shares
(3)
$    1,181,775
$     108
.80
(1)
Common Shares, without par value, offered by the Registrant pursuant to the
          Plans described herein.
(2)
The proposed maximum offering price per share and the registration fee were
          calculated in accordance with rule 457(c) and (h) based on the average high and
          low prices for the Registrant's common shares on November 5, 2002, as
          quoted on the NASD Over-The-Counter Bulletin Board Market, which was $ 0.525 per
          share.
(3)
An additional 3,448,000 common shares issuable upon exercise of options granted
          under the Registrant's 1998 Stock Option Plan, as amended, were previously
          registered pursuant to Registration Statement No. 333-84453 filed on August 4,
          1999; Registration Statement No. 333-54580 filed on January 30, 2001; and
          Registration Statement No. 333-65848 filed on July 25, 2001. An additional
          1,500,000 common shares issuable under the Registrant's Incentive Plan, as
          amended, were previously registered pursuant to Registration Statement No.
          333-65848 filed on July 25, 2001.
EXPLANATORY
NOTES
On August 4, 1999, iQ
Power Technologies Inc. (the "Registrant"), filed a Registration Statement on
Form S-8 (SEC File No. 333-84453) to register 1,918,000 common shares, no par value
("Common Shares"), issuable upon exercise of stock options granted by the
Registrant under its 1998 Stock Option Plan, as amended.
On January 30, 2001,
the Registrant filed a Registration Statement on Form S-8 (SEC File No. 333-54580) to
register an additional 46,000 Common Shares issuable upon exercise of stock options
granted by the Registrant under its second amendment to its 1998 Stock Option Plan.
On July 25, 2001, the
Registrant filed a Registration Statement on Form S-8 (SEC File No. 333-65848) to register
the 1,499,000 additional Common Shares issuable upon exercise of stock options granted by
the Registrant under its third amendment, and to its 1998 Stock Option Plan issuable by
the Registrant under its 2001 Incentive Plan.
The Registrant has
prepared this Registration Statement in accordance with the requirements of Form S-8 to
register 1,251,000 additional Common Shares issuable upon exercise of stock options
authorized to be granted by the Registrant under an amendment and restatement of the 1998
Stock Option Plan, which was approved by the Registrant's board of directors on June
3, 2002 and the Registrant's shareholders on June 25, 2002, and 1,000,000 additional
Common Shares issuable by the Registrant under an amendment and restatement of the
Registrant's 2001 Incentive Plan, which was approved by the Registrant's board
of directors on June 3, 2002 and the Registrant's shareholders on June 28, 2002. A
total of 2,251,000 Common Shares are being registered on this Form S-8.
PART I.  
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
The Registrant will provide documents
containing the information specified in Part 1 of Form S-8 to employees as specified by
Rule 428(b)(1) under the Securities Act. Pursuant to the instructions to Form S-8, the
Registrant is not required to file these documents either as part of this Registration
Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the
Securities Act.
PART II.  
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of
Documents by Reference.
The documents listed in (a) through
(c) below are incorporated by reference in this registration statement.
(a)       
          The Registrant's latest annual report on Form 10-KSB filed on April 1,
          2002, pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934,
          as amended.
(b)       
          All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act
          since the end of the fiscal year covered by the registrant's latest annual
          report incorporated by reference herein pursuant to (a) above.
(c)       
          The description of the Registrant's securities contained in the
          Registrant's registration statement on Form 8-A filed with the Securities
          and Exchange Commission on May 21, 1999, including any amendment or report filed
          for the purpose of updating such description.
All documents filed by the Registrant
pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date hereof
and prior to the filing of a post-effective amendment which indicates that all securities
offered have been sold or which deregisters all securities then remaining unsold shall be
deemed to be incorporated by reference herein and to be a part hereof from the date of
filing of such documents.
Item 4.  
Description of Securities.
Not Applicable
Item 5.  
Interests of Named Experts and Counsel.
Gregory A. Sasges, a director and
shareholder of the Registrant, is also a principal in the law firm of Gregory A. Sasges
Law Corp., the Registrant's Canadian legal counsel. Gregory A. Sasges Law Corp. has
rendered an opinion in connection with the filing of this registration statement.
Item 6.  
Indemnification of Directors and Officers.
The By-laws of the Registrant provide
that, subject to the Canada Business Corporations Act (the "CBCA"), the
Registrant shall indemnify a director or officer of the Registrant, a former director or
officer of the Registrant or a person who acts or acted at the Registrant's request
as a director or officer of a body corporate of which the Registrant is or was a
shareholder or creditor, and his heirs and legal representatives, against all costs,
charges and expenses reasonably incurred by him in respect of certain actions or
proceedings to which he is made a party by reason of his office, if he met certain
specified standards of conduct and shall also indemnify any such person in such other
circumstances as the CBCA or law permits or requires.
Under the CBCA, except in respect of
an action by or on behalf of the Registrant to procure a judgment in its favor, the
Registrant may indemnify a present or former director or officer or a person who acts or
acted at the Registrant's request as a director or officer of another corporation of
which the Registrant is or was a shareholder or creditor, and his heirs and legal
representatives, against all costs, charges and expenses, including an amount paid to
settle an action or satisfy a judgment, reasonably incurred by him in respect of any
civil, criminal or administrative action or proceeding to which he is made a party by
reason of his position with the Registrant and provided that the director or officer acted
honestly and in good faith with a view to the best interests of the Registrant, and, in
the case of a criminal or administrative action or proceeding that is enforced by a
monetary penalty, had reasonable grounds for believing that his conduct was lawful. Such
indemnification may be made in connection with a derivative action only with court
approval. A director or officer is entitled to indemnification from the Registrant as a
matter of right if he was substantially successful on the merits and fulfilled the
conditions set forth above.
The Registrant is considering
obtaining Director's and Officer's Liability Insurance for its directors, but it
does not currently maintain Director's and Officer's Liability Insurance.
Item 7.  
Exemption from Registration Claimed.
Not Applicable
Item 8.  Exhibits.
Exhibit
Number
Description
4.1
The
iQ Power Technology Amended and Restated 1998 Stock Option Plan
4.2
iQ
Power Technology Amended and Restated 2001 Incentive Plan
5.1
Opinion
of Gregory A. Sasges Law Corp.
23.1
Consent
of Deloitte & Touche GmbH Wirtschaftsprufungsgesellschaft
23.2
Consent
of Gregory A. Sasges Law Corp.                         (Included in Exhibit 5.1)
24.1
Power
of Attorney (See page II-5 of this registration statement)
II-2
Item 9.  Undertakings.
(a)       
          The undersigned Registrant hereby undertakes:
(1)                        To
file, during any period in which offers or sales are being made, a
          post-effective amendment to this registration statement:
(i)                               To
include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii)                               To
reflect in the prospectus any facts or events arising after the effective           date
of the registration statement (or the most recent post-effective amendment
          thereof) which, individually or in the aggregate, represent a fundamental
change           in the information set forth in the registration statement.
Notwithstanding the           foregoing, any increase or decrease in volume of securities
offered (if the           total dollar value of securities offered would not exceed that
which was           registered) and any deviation from the low or high and of the
estimated maximum           offering range may be reflected in the form of prospectus
filed with the           Commission pursuant to Rule 424(b) if, in the aggregate, the
change in volume           and price represents no more than 20% change in the maximum
aggregate offering           price set forth in the "Calculation of Registration Fee" table
in the           effective registration statement;
(iii)                               To
include any material information with respect to the plan of distribution not
          previously disclosed in the registration statement or any material change to
          such information in the registration statement;
provided, however,
that
paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration statement is on Form
S-3, Form S-8, or Form F-3 and the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed with or furnished to
the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange
Act that are incorporated by reference in this registration statement.
(2)                               That
for the purpose of determining any liability under the Securities Act, each
          such post-effective amendment shall be deemed to be a new registration
statement           relating to the securities offered therein, and the offering of such
securities           at that time shall be deemed to be the initial
bona fide
offering
          thereof.
(3)                        To
remove from registration by means of a post-effective amendment any of the
          securities being registered which remain unsold at the termination of the
          offering.
(b)       
          The undersigned Registrant hereby undertakes that, for purposes of determining
          any liability under the Securities Act, each filing of the Registrant's
          annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act,
          (and, where applicable, each filing of an employee benefit plan's annual
          report pursuant to section 15(d) of the Exchange Act) that is incorporated by
          reference in the registration statement shall be deemed to be a new registration
          statement relating to the securities offered therein, and the offering of such
          securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(h)       
          Insofar as indemnification for liabilities arising under the Securities Act may
          be permitted to directors, officers and controlling persons of the Registrant
          pursuant to the foregoing provisions, or otherwise, the Registrant has been
          advised that in the opinion of the Securities and Exchange Commission such
          indemnification is against public policy as expressed in the Securities Act and
          is, therefore, unenforceable. In the event that a claim for indemnification
          against such liabilities (other than the payment by the Registrant of expenses
          incurred or paid by a director, officer or controlling person of the Registrant
          in the successful defense of any action, suit or proceeding) is asserted by such
          director, officer or controlling person in connection with the securities being
          registered, the Registrant will, unless in the opinion of its counsel the matter
          has been settled by controlling precedent, submit to a court of appropriate
          jurisdiction the question of whether such indemnification by it is against
          public policy as expressed in the Act and will be governed by the final
          adjudication of such issue.
II-3
SIGNATURES
The Registrant
.
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that
it has reasonable grounds to believe that it meets all of the requirements for filing on
Form S-8 and has duly caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Unterhaching, Germany, on this 6th
day of November, 2002.
IQ POWER TECHNOLOGY
INC.
By:
/s/ 
Peter E. Braun
Peter E. Braun,
President and Chief Executive Officer
(Principal Executive Officer)
By:
/s/ 
Marco Graf von Matuschka
Marco Graf von Matuschka,
Finance and Controlling Office of iQ Battery
Research & Development GmbH
II-4
POWER OF ATTORNEY
Each person whose
signature appears below constitutes and appoints Gunther C. Bauer and Russ French, or any
of them, his attorney-in-fact, with the power of substitution, for them in any and all
capacities, to sign any amendments to this registration statement, and to file the same,
with exhibits thereto and other documents in connection therewith, with the Securities and
Exchange Commission, hereby ratifying and confirming all that said attorneys-in-fact, or
their substitute or substitutes, may do or cause to be done by virtue hereof.
Pursuant to the
requirements of the Securities Act of 1933, as amended, this registration statement has
been signed by the following persons in the capacities and on the date indicated.
Signature
Title
Date
/s/ Peter E. Braun
Peter E. Braun
President, Chief Executive Officer
and Director
October 31, 2002
/s/ Dr. Gunther C. Bauer
Dr. Gunther C. Bauer
Vice-President, Research & Development
and Director
October 31, 2002
/s/ 
Russel French
Russel French
Director
October 31, 2002
/s/ 
Hans Ambos
Hans Ambos
Director
October 30, 2002
/s/ 
Gregory A. Sasges
Gregory A. Sasges
Director
October 31, 2002
John Lawson
Director
/s/ Kenneth Sam
Kenneth Sam
Authorized U.S.
Representative
November 6, 2002
EXHIBIT INDEX
Exhibit
Number
Description
4.1
The
iQ Power Technology Amended and Restated 1998 Stock Option Plan
4.2
iQ
Power Technology Amended and Restated 2001 Incentive Plan
5.1
Opinion
of Gregory A. Sasges Law Corp.
23.1
Consent
of Deloitte & Touche GmbH Wirtschaftsprufungsgesellschaft
23.2
Consent
of Gregory A. Sasges Law Corp.                         (Included in Exhibit 5.1)
24.1
Power
of Attorney (See page II-5 of this registration statement)