MILTON, N.Y., August 11, 2020 – Sono-Tek Corporation (OTCQX: SOTK), the leading developer and manufacturer of
ultrasonic coating systems, today announced that it has submitted an application to uplist its common stock to the NASDAQ
Dr. Christopher L. Coccio, CEO and Chairman of Sono-Tek, commented, “Sono-Tek has a strong financial base, has
demonstrated excellent revenue growth and maintains a positive outlook for continued expansion, making this an opportune
time to apply to uplist the Company’s shares to the NASDAQ Capital Market. We believe that this transition will increase
corporate visibility, improve our stock’s trading liquidity, and broaden awareness of Sono-Tek in the investment community.
If successful, this action would mark a return to NASDAQ for Sono-Tek which traded in that market for many years beginning
when the company went public in 1987. After trading on NASDAQ, the stock began to trade on the OTC Markets when the
share price fell below NASDAQ’s requirements, and now, after years of work and investment, our share price, market
capitalization, company profitability and other metrics are strong again, reflecting the Company’s leading market position
and standing in the ultrasonic coating system industry.”
Acceptance for listing the Company’s shares is subject to approval and satisfaction of several factors, including minimum
listing requirements for the Nasdaq Capital Market. The Company is optimistic that it can satisfy all of the applicable listing
requirements, however, there is no assurance that its application will be approved.
Sono-Tek Corporation is the leading developer and manufacturer of ultrasonic coating systems for applying precise, thin film
coatings to protect, strengthen or smooth surfaces on parts and components for the microelectronics/electronics, alternative
energy, medical and industrial markets, including specialized glass applications in construction and automotive.
The Company’s solutions are environmentally-friendly, efficient and highly reliable, and enable dramatic reductions in
overspray, savings in raw material, water and energy usage and provide improved process repeatability, transfer efficiency,
high uniformity and reduced emissions.
Sono-Tek’s growth strategy is focused on leveraging its innovative technologies, proprietary know-how, unique talent and
experience, and global reach to further develop microscopic coating technologies that enable better outcomes for its
customers’ products and processes.
For further information, visit www.sono-tek.com.