Tuesday, February 16, 2010

ECOtality Eyes NASDAQ

Scottsdale, Arizona-based ECOtality, a developer of clean electric transportation and storage products, said today that the firm is looking to list on the NASDAQ Capital Market. The firm is currently listed on the OTCBB, the Over-the-Counter Bulletin Board, which has much less stringent requirements and more risky firms than other exchanges. ECOtality said the application to list its common stock is "next logical step in the Company's future growth". The firm has not yet been approved by the NASDAQ, and did not give any timeline on NASDAQ review of its application.