NETANYA, Israel, Sept. 29, 2016 /PRNewswire/ -- RADA Electronic
Industries Ltd. (Nasdaq: RADA) announced today that it had received
a notice dated September 29, 2016
from the Listing Qualifications Department of the NASDAQ Stock
Market Inc. indicating that for the 10 consecutive business days
from September 15, 2016
to September 28, 2016, the closing bid price of the Company's
Ordinary Shares has been at $1.00 per
share or greater. Accordingly, the Company has regained compliance
with Listing Rule 5550(a)(2) and the Company's shares will remain
listed on the NASDAQ Capital Market.
About RADA
RADA Electronic Industries Ltd. is an Israel-based defense electronics contractor.
The Company specializes in the development, production, and sales
of Tactical Land Radars for Force and Border Protection, Inertial
Navigation Systems for air and land applications, and Avionics
Systems and Upgrades.
Certain statements in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation
Act of 1995. Such statements involve known and unknown risks,
uncertainties and other factors that may cause actual results to
differ materially. Such risk uncertainties and other factors
include, but are not limited to, changes in general economic
conditions, risks in product and technology developments, market
acceptance of new products and continuing product demand, level of
competition and other factors described in the Company's Annual
Report on Form 20-F and other filings with the Securities and
Exchange Commission.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/rada-regains-compliance-with-nasdaq-continued-listing-requirements-300336815.html
SOURCE RADA Electronic Industries Ltd.