TEL AVIV, Israel, June 27, 2017 /PRNewswire/ -- Ability Inc.
(NASDAQ: ABIL) (the "Company"), a leading provider of innovative
tactical communications intelligence solutions, today announced
that on June 23, 2017 it received
notification from the Listing Qualifications Department of The
Nasdaq Stock Market (the "Staff") that the Company has regained
compliance with Listing Rule 5550(a)(2).
On June 6, 2017, Staff notified
Ability that its common stock failed to maintain a minimum bid
price of $1.00 over the previous 30
consecutive business days as required by the Listing Rules of The
Nasdaq Stock Market. Since then, Staff has determined that for at
least the last 10 consecutive business days, from June 8 to 22, 2017, the closing bid price of the
Company's common stock has been at $1.00 per share or greater. Accordingly, the
Staff notified the Company that it has regained compliance with
Listing Rule 5550(a)(2) and the matter is now closed.
About Ability Inc.
Ability Inc. is the sole owner of
Ability Computer & Software Industries Ltd. ("Ability") and
Ability Security Systems Ltd.
Headquartered in Tel Aviv,
Israel, Ability was founded in 1994. Ability provides
advanced interception, geolocation and cyber intelligence tools
used by security and intelligence agencies, military forces, law
enforcement and homeland security agencies worldwide. Ability has
sold to governments and government agencies in over 50 countries.
Ability offers a broad range of lawful interception, decryption,
cyber and geolocation solutions for cellular and satellite
communication, including ULIN, or Ultimate Interceptor, which to
our knowledge, is the first-to-market SaaS strategic interception
system with voice and geolocation capabilities without geographic
limitation. State-of-the-art technology underpins Ability's
scalable offerings, which can be tactical-and-portable, or
strategic-and-fixed, depending on its customers' needs. Additional
information regarding Ability may be found at
http://www.interceptors.com.
Caution Regarding Forward-Looking Statements
This
press release contains "forward-looking statements." Words such as
"may," "should," "could," "would," "predicts," "potential,"
"continue," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," and similar expressions, as well as
statements in future tense, often signify forward-looking
statements. Forward-looking statements should not be read as a
guarantee of future performance or results and may not be accurate
indications of when such performance or results will be achieved.
Forward-looking statements are based on information that the
Company has when those statements are made or management's good
faith belief as of that time with respect to future events, and are
subject to risks and uncertainties that could cause actual
performance or results to differ materially from those expressed in
or suggested by the forward-looking statements. The Company assumes
no obligation to publicly update or revise its forward-looking
statements as a result of new information, future events or
otherwise.
Investor Relations Contacts:
MS-IR LLC
Miri Segal
Tel: 917-607-8654
msegal@ms-ir.com
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SOURCE Ability Inc.