Begins trading on new market on Wednesday, January 27, 2016
WALTHAM, Massachusetts, Jan. 26, 2016 /PRNewswire/ -- EuroSite Power™ Inc., (OTCQB: EUSP) an On-Site Utility solutions provider, offering clean electricity, heat, hot water and cooling solutions to healthcare, hospitality, housing and leisure centres in the United Kingdom (UK) and Europe, is pleased to announce the previously disclosed upgrade from the OTCQB® Venture Market to the OTCQX® Best Market will become effective as of the start of trading on Wednesday, January 27, 2016. The company's common stock will continue to trade under its existing "EUSP" symbol.
Speaking about the change in trading market, EuroSite Power Chief Executive Officer Dr. Elias Samaras noted, "The completed upgrade of our common stock to OTC Markets Group's Best Market reinforces our dedication to improving liquidity for our shareholders and demonstrates our commitment to the highest standards in transparency and financial reporting. We hope the move to the OTCQX market will increase our visibility and allow us to attract a broader base of shareholders from the investment community to our growing company."
The OTCQX market is for established, investor-focused U.S. and global companies that have met high financial standards, are current in their disclosure, and are sponsored by a professional third-party advisor. Somertons PLLC in Washington D.C. serves as EuroSite Power's OTCQX Advisor, responsible for providing professional guidance on OTCQX requirements and U.S. securities laws.
U.S. investors can find Real-Time Level 2 quotes for EuroSite Power on www.otcmarkets.com.
EuroSite Power sells the energy produced from an onsite energy system to an individual property as an alternative to the outright sale of energy equipment. On-Site Utility solution customers only pay for the energy produced by the system and receive a guaranteed discount rate on the price of the energy. All system capital, installation, operating expenses and support are paid by EuroSite Power.
About EuroSite Power
EuroSite Power Limited is a subsidiary of American DG Energy Inc. (NYSE MKT: ADGE). The Company provides institutional, commercial and small industrial facilities with clean, reliable power, cooling, heat and hot water at lower costs than charged by conventional energy suppliers – without any capital or start-up costs to the energy user. More information can be found at www.eurositepower.co.uk.
This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Important factors could cause actual results to differ materially from those indicated by such forward-looking statements, as disclosed on the Company's website and in Securities and Exchange Commission filings, including its annual report on Form 10-K for the fiscal year ended December 31, 2014. This press release does not constitute an offer to buy or sell securities by the Company, its subsidiaries or any associated party and is meant purely for informational purposes. The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
SOURCE EuroSite Power Inc.