Plug Power Inc (PLUG)

[NavyGirl]

PLUG POWER RECEIVES NASDAQ EXTENSION

LATHAM, NY – February 2, 2011 – Plug Power Inc. (NASDAQ: PLUG), a leader in providing clean, reliable energy solutions, today announced that the NASDAQ Listing Qualifications Panel (the “Panel”) has granted the Company’s request for continued listing on The NASDAQ Capital Market pursuant to an extension of time, as permitted under NASDAQ’s Listing Rules, to comply with the minimum $1.00 bid price requirement. In accordance with the Panel’s decision, on or before June 6, 2011, the Company must evidence compliance with the bid price requirement for a minimum of ten consecutive business days. Under NASDAQ’s rules, June 6, 2011, represents the maximum length of time that the Panel may grant the Company to regain compliance with the bid price requirement.

The determination follows the Company’s hearing before the Panel on January 20, 2011, at which the Panel considered the Company’s plan to regain and sustain compliance with the bid price requirement. While the Company is working diligently to regain and sustain compliance with all applicable requirements for continued listing on NASDAQ, there can be no assurance that the Company will be able to do so.

http://plugpower.com/news/pressreleases/11-02-02/PLUG_POWER_RECEIVES_NASDAQ_EXTENSION.aspx