Synthesis Energy Systems Regains Nasdaq Compliance
November 21 2018 - 4:10PM
Synthesis Energy Systems, Inc. (SES) (NASDAQ: SES) announced today
that it has been informed by The Nasdaq Stock Market LLC that,
based on the Company’s filing of the Form 10-K for the fiscal year
ended June 30, 2018, that the company complies with the periodic
filing requirement of Rule 5250(c)(1).
About Synthesis Energy Systems,
Inc.
Synthesis Energy Systems (SES) is a
Houston-based technology company focused on generating clean,
high-value energy from low-cost and low-grade coal, biomass and
municipal solid waste through its proprietary technology for
conversion of these resources into a clean synthesis gas (syngas)
and methane. SES’s proprietary technology enables the production of
clean, low-cost power, industrial fuel gas, chemicals, fertilizers,
transportation fuels, and substitute natural gas, replacing
expensive natural gas-based energy. SES’s technology can also
produce high-purity hydrogen for cleaner transportation fuels. SES
enables greater fuel flexibility for both large-scale and efficient
small- to medium-scale operations close to fuel sources. Fuel
sources include low-rank, low-cost high ash, high moisture coals,
which are significantly cheaper than higher grade coals, waste
coals, biomass, and municipal solid waste feedstocks. SES: Growth
With Blue Skies. For more information, please visit:
www.synthesisenergy.com.
Forward-Looking Statements
This press release includes “forward-looking
statements” within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Exchange Act. All statements other than statements of
historical fact are forward-looking statements and are subject to
certain risks, trends and uncertainties that could cause actual
results to differ materially from those projected. Among
those risks, trends and uncertainties are the ability of Batchfire
Resources Pty Ltd (“BFR”), and Australian Future Energy Pty Ltd
management to successfully grow and develop their Australian assets
and operations, including Callide, Pentland, and the Gladstone
Energy and Ammonia Project; the ability of BFR to produce earnings
and pay dividends; the ability of SES EnCoal Energy sp. z o. o.
management to successfully grow and develop projects, assets and
operations in Poland; our ability to raise additional capital; our
indebtedness and the amount of cash required to service our
indebtedness; our ability to find a partner for our technology
business; our ability to develop and expand business of the
Tianwo-SES Joint Venture in the joint venture territory; our
ability to develop our power business unit and our other business
verticals, including DRI steel, through our marketing arrangement
with Midrex Technologies; our ability to successfully develop our
licensing business; the ability of our project with Yima to produce
earnings and pay dividends; the economic conditions of countries
where we are operating; events or circumstances which result in an
impairment of our assets; our ability to reduce operating costs;
our ability to make distributions and repatriate earnings from our
Chinese operations; our ability to maintain our listing on the
NASDAQ Stock Market; our ability to successfully commercialize our
technology at a larger scale and higher pressures; commodity
prices, including in particular natural gas, crude oil, methanol
and power; the availability and terms of financing; our customers’
and/or our ability to obtain the necessary approvals and permits
for future projects; our ability to estimate the sufficiency of
existing capital resources; the sufficiency of internal controls
and procedures; and our results of operations in countries outside
of the U.S., where we are continuing to pursue and develop
projects. Although we believe that in making such forward-looking
statements our expectations are based upon reasonable assumptions,
such statements may be influenced by factors that could cause
actual outcomes and results to be materially different from those
projected by us. We cannot assure you that the assumptions upon
which such forward-looking statements are based will prove to be
correct. Please refer to our latest Form 10-K available on
our website at www.synthesisenergy.com.
Contact:
MDC GroupInvestor Relations:David CastanedaArsen
Mugurdumov414.351.9758IR@synthesisenergy.com
Media Relations:Susan
Roush805.624.7624PR@synthesisenergy.com
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