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On September 12, 2013, OCZ Technology Group, Inc. (the “Company”) was notified that the NASDAQ Listing Qualifications Panel (the “Panel”) had granted the Company’s request to remain listed on The NASDAQ Stock Market, subject to the condition that the Company is current in the filing of its periodic reports with the Securities and Exchange Commission by October 7, 2013. The Company is required to promptly notify NASDAQ of significant events that occur during the exception period. The Panel reserves the right to reconsider the terms of the exception if it believes that the continued listing of the Company’s common stock on The NASDAQ Stock Market is inadvisable or unwarranted.
The Company issued a press release on September 12, 2013, disclosing the receipt of the letter from NASDAQ.
