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Empower Technologies" Reports on Cease Trade Order

Empower Technologies™ Reports on Cease Trade Order


Richmond, British Columbia, Canada (FSCwire) - Empower Technologies Corporation (TSX.V: EPT) ("Empower"), announces that effective July 20, 2016, TSX Venture Exchange (the “Exchange”) has suspended trading in the Company’s securities as a result of a Cease Trade Order issued by the British Columbia Securities Commission. Reinstatement to trading can occur only when the Cease Trade Order is revoked and the Exchange has concluded its reinstatement review that the Company has satisfactorily complied with Exchange requirements. The Company has until October 19, 2016 to rectify the situation to avoid further action from the Exchange.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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About Empower Technologies™

Founded in 2000, Empower Technologies (TSX.V: EPT) has transformed from an embedded technology company to a full-fledged innovative technology, products and services and manufacturing enterprise. Empower Technologies as a group caters to security and surveillance, military, automotive and transportation, healthcare, industrial control and consumer electronics industries.  Under the Empower Group, the Company has three operating divisions - Empower Embedded Engineering, Empower Imaging Laboratories and Empower Defense Systems. For more information, please visit www.empowertechnologies.com.

Empower’s brands are “LEOs®”, Linux-based embedded operating systems, “BullsEye”, Real-Time Video Stabilizer, “PowerPlay™”, smart consumer electronics.

Contact Information:

Media Enquiries: info@empowertechnologies.com or via Tel @ (604) 278-3100

Investor Relations: investorline@empowertechnologies.com

More Information on Empower Technologies:   www.empowertechnologies.com

Sales Enquiries:   sales@empowertechnologies.com or via Tel @ (604) 278-3100

Paul Leung

Chairman, President and CEO

Empower Technologies Corporation

P.O. Box 62038

Vancouver, BC, Canada V6J 1Z1

The statements contained in this news release that are not historical facts are forward looking statements.  Such statements are based on management's estimates, assumptions and projections using available information at the time of this news release.  The Company cautions that actual results could differ materially from the current expectations due to a number of factors, including failure to satisfy the conditions to closing within the time required and on terms satisfactory to the parties.  There is no assurance that the Company will complete the transaction on the terms anticipated or at all.

Empower Technologies, LEOs, PowerPlay, LinuxDA and BullsEye are the trademarks of Empower Technologies, Inc.  All other brands are trademarks of their respective owners.


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Empower07222016.pdf
Source: Empower Technologies Corporation (TSX Venture:EPT)

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