Autoscope Technologies Corporation Begins Trading on the OTCQX Market
February 10 2023 - 7:00AM
Autoscope Technologies Corporation (OTCQX: AATC) today announced
that they have qualified to trade on the OTCQX Best Market.
Autoscope Technologies Corporation previously traded on NASDAQ.
Autoscope Technologies Corporation begins trading today on OTCQX
under the symbol “AATC.” U.S. investors can find current financial
disclosures and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
Trading on the OTCQX Market offers companies efficient,
cost-effective access to the U.S. capital markets. Streamlined
market requirements for OTCQX are designed to help companies lower
the cost and complexity of being publicly traded, while providing
transparent trading for their investors. To qualify for OTCQX,
companies must meet high financial standards, follow best practice
corporate governance, and demonstrate compliance with applicable
securities laws. Autoscope Technologies Corporation intends to
report quarterly unaudited and annual audited financial statements
in addition to any relevant current events.
“We are excited to commence trading on the OTCQX Market,” said
Frank Hallowell, Interim Chief Executive Officer for Autoscope
Technologies Corporation. “The decision to start trading on the
OTCQX Market should result in a benefit to the Company’s
shareholders by reducing the expenses and permitting management to
focus on operating and growing the company. We are focused on
delivering shareholder value and look forward to offering investors
the opportunity to invest strategically in technology and
engineering companies.”
About Autoscope Technologies CorporationAutoscope Technologies
Corporation is a global company dedicated to helping improve safety
and efficiency for cities and highways by developing and delivering
above-ground detection technology, applications and solutions. We
give Intelligent Transportation Systems (ITS) professionals more
precise and accurate information – including real-time reaction
capabilities and in-depth analytics – to make more confident and
proactive decisions. We are headquartered in Minneapolis,
Minnesota. Visit us on the web at autoscope.com.
About OTC Markets Group Inc.OTC Markets Group Inc. (OTCQX: OTCM)
operates regulated markets for trading 12,000 U.S. and
international securities. Our data-driven disclosure standards form
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OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide
critical market infrastructure that broker-dealers rely on to
facilitate trading. Our innovative model offers companies more
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To learn more about how we create better informed and more
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Safe Harbor Statement: Statements made in
this release concerning the Company’s or management’s intentions,
expectations, or predictions about future results or events are
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements reflect
management’s current expectations or beliefs and are subject to
risks and uncertainties that could cause actual results or events
to vary from stated expectations, which variations could be
material and adverse. Factors that could produce such a variation
include, but are not limited to, the following: the inherent
unreliability of earnings, revenue and cash flow predictions due to
numerous factors, many of which are beyond the Company’s control;
developments in the demand for the Company’s products and services;
relationships with the Company’s major customers and suppliers; the
mix of and margins on the products we sell; unanticipated delays,
costs and expenses inherent in the development and marketing of new
products and services; adverse weather conditions in our markets;
the impact of governmental laws, regulations, and orders, including
as a result of the COVID-19 pandemic caused by the coronavirus;
international presence; tariffs and other trade barriers; our
success in integrating any acquisitions; potential disruptions to
our supply chains (including disruptions caused by geopolitical
events, military actions, work stoppages, nature disasters, or
international health emergencies, such as the COVID-19 pandemic);
and competitive factors. Our forward-looking statements speak only
as of the time made, and we assume no obligation to publicly update
any such statements. Additional information concerning these and
other factors that could cause actual results and events to differ
materially from the Company’s current expectations are contained in
the Company’s reports and other documents filed with the Securities
and Exchange Commission, including its Annual Report on Form 10-K
for the year ended December 31, 2021 filed on March 22, 2022.
Contact: |
Frank
Hallowell, Interim Chief Executive Officer, Chief Financial
Officer |
|
Phone: 612.438.2363 |
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