DALLAS, June 07, 2017 (GLOBE NEWSWIRE) — P10 Industries, Inc. (OTC:PIOE), formerly Active Power, Inc., today announced that a market maker has filed a Form 211 under section 15c2-11 of the Securities Exchange Act of 1934, and is now awaiting approval from FINRA. Once that approval is provided, trading in the P10 Industries stock on the OTC Pink market may commence.
“I know everyone is patiently waiting for FINRA approval of the Form 211 filing so that PIOE can move from the ‘gray market’ to trade on OTC ‘Pink,'” said Mark A. Ascolese CEO of P10 Industries. “As we previously announced, the financial condition of P10 Industries is stable, we have received the $4.5 million financing from P10/210 Investment LLC and are executing on our plan, which was approved by the bankruptcy court on May 5th. We will announce the FINRA approval as soon as we become aware of it.”
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.”
CONTACT: P10 Press and Investor Contact: Jay Powers CFO and Vice President, Finance (214)-999-0149 [email protected]