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EX-99 - PRESS RELEASE DATED NOVEMBER 1, 2012 - QUANTUM FUEL SYSTEMS TECHNOLOGIES WORLDWIDE, INC. | rrd358986_38660.htm |
DE
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33-0933072
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(State or other jurisdiction of
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(IRS Employer
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incorporation)
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Identification No.)
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[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
As previously disclosed on May 5, 2012, the Company is not in compliance with NASDAQ'S $1.00 minimum bid price requirement ("Bid Price Requirement"). In accordance with NASDAQ's rules, the Company was initially afforded 180 days, or until October 29, 2012, to regain compliance with the Bid Price Requirement. In connection with the transfer to The NASDAQ Capital Market, the Company was afforded an additional 180 days, or until April 29, 2013, to regain compliance with the Bid Price Requirement. If the Company is unable to regain compliance by April 29, 2013, the Company's common stock may be delisted, subject to the Company's right to appeal the delisting determination at that time.
The Company intends to monitor the closing bid price of its common stock, and will consider available options if its common stock does not trade at a price likely to result in the Company regaining compliance with the Bid Price Requirement.
99.1 Press Release dated November 1, 2012.
QUANTUM FUEL SYSTEMS TECHNOLOGIES WORLDWIDE, INC.
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Date: November 01, 2012
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By:
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/s/ Kenneth R. Lombardo
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Kenneth R. Lombardo
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Vice President and General Counsel
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Exhibit No.
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Description
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EX-99.1
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Press Release dated November 1, 2012
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