DALLAS, June 16, 2017 (GLOBE NEWSWIRE) -- P10 Industries, Inc. (OTC:PIOE), formerly Active Power, Inc., today announced that a market maker had completed the process with the Financial Industry Regulatory Authority (FINRA) to resume publishing quotations for the company’s common stock. As a result, the company’s common stock may now be traded on the OTC Pink market under the PIOE ticker symbol.
“We are excited to announce the completion of the application to permit quoting process by FINRA, allowing a resumption of trading of our stock on the OTC Pink market,” said Mark A. Ascolese, CEO of P10 Industries. “As we continue to execute on our plan to monetize our intellectual property, acquire profitable businesses, and create shareholder value, achieving resumption of trading in our stock is an important step forward.”
Certain statements in this press release are forward-looking and are based upon the company’s current belief as to the outcome and timing of future events. All statements, other than statements of historical facts, that address activities that the company plans, expects, believes, projects, estimates or anticipates will, should or may occur in the future are forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein include, but are not limited to, the ability to implement the company’s business plan and known trends and uncertainties, as described in the company's Annual Report on Form 10-K for the year ended December 31, 2016, as filed with the Securities and Exchange Commission. Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, the company's actual results and plans could differ materially from those expressed in the forward-looking statements.
About P10 Industries
P10 Industries is a company led by proven, experienced business leaders aimed at monetizing intellectual property assets and acquiring profitable businesses in the commercial and industrial markets to generate profit and positive cash flows, ultimately creating long-term shareholder value. P10’s current business commenced on November 19, 2016, following completion of an asset acquisition of its Active Power assets by Piller Power Systems, Inc. (formerly known as Piller USA, Inc.), a subsidiary of Langley Holdings PLC. Active Power changed its name to P10 Industries pursuant to the terms of the acquisition agreement. For more information, visit www.p10industries.com. P10 Industries stock trades on the OTC Pink Market, which is operated by OTC Markets Group, a centralized electronic quotation service for over-the-counter securities. P10 Industries stock trades under the symbol “PIOE.”
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P10 Industries, Inc.