Sono-Tek Announces Uplisting to the Nasdaq Capital Market
August 26 2021 - 08:00AM
via NewMediaWire -- Sono-Tek Corporation (OTCQX: SOTK), the leading
developer and manufacturer of ultrasonic coating systems, today
announced that the Company’s common stock has been approved for
listing on the Nasdaq Capital Market (“Nasdaq”).
Trading on Nasdaq will be effective at the
market open on August 27, 2021 and the shares will trade under the
Company’s current ticker symbol “SOTK”. The Company’s shares will
continue to trade on the OTCQX under the symbol “SOTK” until
trading on Nasdaq commences.
“Uplisting onto the Nasdaq Capital Market is a
significant milestone in Sono-Tek’s evolution and we’re excited to
have achieved this important goal,” said Dr. Christopher L. Coccio,
Chairman and CEO. “We believe that the uplisting will increase our
corporate visibility, broaden awareness of Sono-Tek in the
investment community, and potentially increase our institutional
shareholder base and improve the trading liquidity of our common
stock. This achievement reflects the hard work of our outstanding
team and the years we’ve spent building the Company’s leading
market position and standing in the ultrasonic coating system
industry. We look forward to continuing to execute on our strategic
plan and growth initiatives as we build long term shareholder
value.”
About Sono-Tek
Sono-Tek Corporation is the leading developer
and manufacturer of ultrasonic coating systems for applying
precise, thin film coatings to protect, strengthen or smooth
surfaces on parts and components for the
microelectronics/electronics, alternative energy, medical and
industrial markets, including specialized glass applications in
construction and automotive.
The Company’s solutions are
environmentally-friendly, efficient and highly reliable, and enable
dramatic reductions in overspray, savings in raw material, water
and energy usage and provide improved process repeatability,
transfer efficiency, high uniformity and reduced emissions.
Sono-Tek’s growth strategy is focused on
leveraging its innovative technologies, proprietary know-how,
unique talent and experience, and global reach to further develop
microscopic coating technologies that enable better outcomes for
its customers’ products and processes.
For further information, visit www.sono-tek.com.
Safe Harbor Statement
We discuss expectations regarding our future
performance, such as our business outlook, in our annual and
quarterly reports, press releases, and other written and oral
statements. These “forward-looking statements” are based on
currently available competitive, financial and economic data and
our operating plans. They are inherently uncertain, and investors
must recognize that events could turn out to be significantly
different from our expectations. These factors include, among other
considerations, general economic and business conditions;
political, regulatory, tax, competitive and technological
developments affecting our operations or the demand for our
products; the duration and scope of the COVID-19 pandemic; the
extent and duration of the pandemic’s adverse effect on economic
and social activity, consumer confidence, discretionary spending
and preferences, labor and healthcare costs, and unemployment
rates, any of which may reduce demand for some of our products and
impair the ability of those with whom we do business to satisfy
their obligations to us; our ability to sell and provide our
services and products, including as a result of continued pandemic
related travel restrictions, mandatory business closures, and
stay-at home or similar orders; any temporary reduction in our
workforce, closures of our offices and facilities and our ability
to adequately staff and maintain our operations resulting from the
pandemic; the ability of our customers and suppliers to continue
their operations as result of the pandemic, which could result in
terminations of contracts, losses of revenue, and further adverse
effects to our supply chain; maintenance of increased order
backlog, including effects of any COVID-19 related cancellations;
the imposition of tariffs; timely development and market acceptance
of new products and continued customer validation of our coating
technologies; adequacy of financing; capacity additions, the
ability to enforce patents; maintenance of operating leverage;
consummation of order proposals; completion of large orders on
schedule and on budget; successful transition from primarily
selling ultrasonic nozzles and components to a more complex
business providing complete machine solutions and higher value
subsystems; the realization of any benefits that may be derived
from listing the Company’s common stock on Nasdaq; and realization
of quarterly and annual revenues as forecasted. We undertake no
obligation to update any forward-looking statement.
Contact Stephen J. Bagley Chief Financial Officer
Sono-Tek Corporation info@sono-tek.com
Investor Relations: Stephanie Prince PCG Advisory (646) 863-6341
sprince@pcgadvisory.com
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