Active Power Begins New Business Model to Support Monetization of Intellectual Property and Create Long-Term Stockholder Value
With the disposition now complete, P10 seeks to maximize long-term stockholder value through the monetization of non-core intellectual property assets not purchased by Piller and acquiring well managed, profitable businesses. The company's patent portfolio includes innovative thermal and compressed air storage technology, which can and has been used in critical backup power applications, for example. For more information regarding P10's patent portfolio, visit www.p10industries.com/patent-licensing.
"We are announcing a significant milestone in our evolution today," said
P10 anticipates its stock will begin trading on the OTC Pink Market, which is operated by
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Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by references to future periods, and include, without limitation, statements we make regarding:
- our ability to create and maximize stockholder value;
- our ability to raise additional capital;
- the timing of any capital raise;
- our ability to identify and acquire profitable businesses at a reasonable price; and
- our ability to monetize our intellectual property assets.
Actual results and the outcomes of future events could differ materially from those expressed or implied by these forward-looking statements because of a number of risks and uncertainties, including: financial results that may vary significantly from quarter to quarter due to our inability to monetize our non-core intellectual property assets or acquire businesses; our ability to obtain sufficient working capital to fund our operations; significant competition; and our ability to raise capital as needed to support the business.
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