Itron Regains Compliance with NASDAQ Listing Requirements
September 07 2016 - 4:30PM
Business Wire
Itron, Inc. (NASDAQ:ITRI) announced today that on Sept. 2, 2016
it received a notification from The Nasdaq Stock Market, LLC
(“Nasdaq”) stating that the company has regained compliance with
Nasdaq Listing Rule 5250(c)(1) requirement for timely financial
filings.
On March 16, 2016, Itron received notice it was not in
compliance with Nasdaq Listing Rule 5250(c)(1) regarding periodic
filing requirements. On Sept. 2, 2016, Itron filed its Quarterly
Report on Form 10-Q for the period ended June 30, 2016 and is now
current on all of its SEC filings.
In addition, the company is also current with lender covenant
obligations regarding the delivery of annual audited financial
statements and quarterly unaudited financial statements.
Philip Mezey, Itron's president and chief executive officer,
said, “We are grateful to our investors for their patience and
support while the management team and board of directors worked to
regain compliance as quickly as possible. With this matter now
resolved, we remain focused on driving growth and profitability to
create value for shareholders.”
About Itron
Itron is a world-leading technology and services company
dedicated to the resourceful use of energy and water. We provide
comprehensive solutions that measure, manage and analyze energy and
water. Our broad product portfolio includes electricity, gas, water
and thermal energy measurement devices and control technology;
communications systems; software; as well as managed and consulting
services. With thousands of employees supporting nearly 8,000
customers in more than 100 countries, Itron applies knowledge and
technology to better manage energy and water resources. Together,
we can create a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc.
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version on businesswire.com: http://www.businesswire.com/news/home/20160907006729/en/
Itron, Inc.Barbara Doyle, 509-891-3443Vice President,
Investor RelationsorSharelynn Moore, 509-891-3524Vice President,
Corporate Marketing and Public Affairs
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