A-Power Receives Further Nasdaq Notice of Noncompliance
-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) today announced that on September 28, 2011, it received an additional determination letter from the Staff of The Nasdaq Stock Market LLC.
The Nasdaq Staff indicated in its letter that the Company's failure, within a reasonable period of time, to provide the Staff with certain additional information requested in a letter to the Company dated September 9, 2011 in connection with the Staff's ongoing inquiry regarding the continued listing of the Company's securities on Nasdaq, provides an additional basis for delisting the Company's common stock. The Staff's additional determination is based upon the authority granted to Nasdaq under Listing Rule 5250(a).
The Company has been diligently working to provide the information requested by the Staff and, to that end, submitted the requested information on September 30, 2011.
