OTC Markets Group Welcomes Tecogen Inc. to OTCQX

Rhea-AI Summary

OTC Markets Group has welcomed Tecogen Inc to the OTCQX Best Market, where it will trade under the symbol TGEN. Previously listed on NASDAQ, Tecogen specializes in clean energy solutions, offering ultra-efficient power, heating, and cooling equipment. This transition aims to provide efficient market access and enhance trading liquidity. Tecogen's inclusion in OTCQX reflects its compliance with high financial standards and corporate governance. The company sees this move as beneficial for investors, improving the distribution of company information.

Positive

• Tecogen Inc has moved to OTCQX Best Market, enhancing its market visibility.
• The transition to OTCQX allows for better trading liquidity and cost-effective access to capital markets.
• Compliance with high financial standards boosts investor confidence.

Negative

• None.

NEW YORK, June 19, 2020 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Tecogen Inc (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, has qualified to trade on the OTCQX® Best Market. Tecogen Inc previously traded on NASDAQ.

Tecogen Inc begins trading today on OTCQX under the symbol "TGEN."  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. Streamlined market requirements for OTCQX are designed to help companies lower the cost and complexity of being publicly traded, while providing transparent trading for their investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

"We are pleased to be making the move to OTCQX and believe that the trading liquidity and company information available on OTC Markets' OTCQX Best Market benefits investors and provides a robust platform for the distribution of company information at reasonable cost to the company," noted John N. Hatsopoulos, Tecogen Inc.'s Lead Director.

About Tecogen Inc
Tecogen Inc. designs, manufactures, sells, installs, and maintains high efficiency, ultra-clean cogeneration products for residential, commercial, recreational, and industrial use.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities.  Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services.  We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com 

 

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SOURCE OTC Markets Group Inc.

FAQ

What is Tecogen Inc's new trading symbol on OTCQX?

Tecogen Inc trades under the symbol 'TGEN' on the OTCQX Best Market.

When did Tecogen Inc start trading on OTCQX?

Tecogen Inc began trading on OTCQX on June 19, 2020.

What market did Tecogen Inc move from?

Tecogen Inc previously traded on NASDAQ before moving to OTCQX.

What benefits does trading on OTCQX provide Tecogen Inc?

Trading on OTCQX offers enhanced liquidity, efficient market access, and improved distribution of company information.

Is Tecogen Inc compliant with financial standards on OTCQX?

Yes, Tecogen Inc meets high financial standards and corporate governance to qualify for trading on OTCQX.