Evergreen Solar Receives Letter From NASDAQ Relating to Its Late Form 10-Q
23 Août 2011 - 10:38PM
Business Wire
Evergreen Solar, Inc. (NasdaqCM: ESLR), a manufacturer of String
Ribbon® solar power products with its proprietary, low-cost silicon
wafer technology, received a letter from The Nasdaq Listing
Qualifications Staff on August 17, 2011, notifying the Company that
it is currently not in compliance with Nasdaq Marketplace Rule
5250(c)(1) because it has not filed its report on Form 10-Q for the
quarter ended July 2, 2011 in a timely manner. As previously
disclosed, the Company has received an additional notice from
Nasdaq as a result of having filed a voluntary petition in the
United States Bankruptcy Court for the District of Delaware seeking
relief under the provisions of Chapter 11 of the Bankruptcy Code
(Case No. 11-12590). The Company does not plan to appeal Nasdaq’s
determination to delist the Company’s common stock and, as a
result, trading of the Company’s common stock will be suspended at
the opening of business on August 24, 2011.
About Evergreen Solar, Inc.
Evergreen Solar, Inc. develops, manufactures and markets String
Ribbon solar power products using its proprietary, low-cost silicon
wafer technology. The Company’s patented wafer manufacturing
technology uses significantly less polysilicon than conventional
processes. Evergreen Solar’s products provide reliable and
environmentally clean electric power for residential and commercial
applications globally. For more information about the Company,
please visit www.evergreensolar.com. Evergreen Solar and String
Ribbon are registered trademarks of Evergreen Solar, Inc.
Evergreen Solar, Inc. (MM) (NASDAQ:ESLR)
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