Science & Technology
Mon, August 27, 2012
ROSEVILLE, Calif.--([ BUSINESS WIRE ])--[ SPI Solar (aSPIa) ] ([ OTCBB:SOPWE ]) a leading vertically integrated photovoltaic (aPVa) solar developer, announced today a delay in the filing of its Quarterly Report on Form 10-Q with the Securities and Exchange Commission for the second quarter ended June 30, 2012. The filing delay was due to intricate accounting rules associated with the companyas acquisition of Solar Green Technologies (SGT) based in Italy in June 2012.
In accordance with routine procedures related to a delayed filing, the letter aEa has been appended to the companyas stock symbol (now trading under the symbol OTCBB:SOPWE). Companies are given a grace period of 30 calendar days to become current in its reports. Once the company has submitted the required filing, the aEa will be removed.
The company plans to announce the completed filing of its 10-Q via news release as soon as compliance is achieved.
About SPI Solar ([ OTCBB:SOPWE ]):
SPI Solar (aSPIa) (Solar Power, Inc.) is a vertically integrated photovoltaic solar developer offering its own brand of high-quality, low-cost distributed generation and utility-scale solar energy facility development services. Through the Companyas close relationship with [ LDK Solar ], SPI extends the reach of its vertical integration from silicon to system. From project development, to project financing and to post-construction asset management, SPI delivers turnkey world-class photovoltaic solar energy facilities to its business, government and utility customers. For additional information visit: [ www.spisolar.com ].
Safe Harbor Statement:
This release contains certain aforward-looking statementsa relating to the business of SPI Solar, its subsidiaries and the solar industry, which can be identified by the use of forward looking terminology such as abelieves, expectsa or similar expressions. The forward looking statements contained in this press release include statements regarding the Companyas ability to execute its growth plan and meet revenue and sales estimates, enter into formal long-term supply agreements, and market acceptance of products and services. These statements involve known and unknown risks and uncertainties, including, but are not limited to, general business conditions, managing growth, and political and other business risk. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in the Company's reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law.
