Sharps Technology Achieves Compliance with Nasdaq Listing Standards

Sharps Technology Successfully Regains Nasdaq Listing Compliance

Sharps Technology, Inc. (NASDAQ: STSS and STSSW) is making headlines with its recent announcement of regaining compliance with Nasdaq listing standards. This is a significant milestone for the company, showcasing its resilience and dedication to growth. As an innovative medical device and pharmaceutical packaging company, Sharps is renowned for its patented, state-of-the-art syringe products.

Details of Nasdaq Compliance Achievement

The notification received by Sharps on November 13 indicates the company's compliance with the minimum bid price requirement of $1.00 per share, validating Sharps’ hard work and strategic efforts. This achievement was recognized as effective as of November 5, which highlights the proactive steps taken to ensure their compliance with the Nasdaq Listing Rule 5550(a)(2).

CEO’s Encouraging Statement

CEO Robert Hayes expressed his satisfaction with this compliance, stating, "We are extremely pleased with our bid price compliance. Our listing on Nasdaq offers the best opportunity for the future, not just for the company but also for our valued shareholders." Hayes also expressed gratitude towards shareholders for their trust and support during the reverse stock split process, which played a crucial role in regaining compliance.

About Sharps Technology and Its Innovations

Sharps Technology is at the forefront of medical device innovation, focusing on the production of smart-safety syringe products geared towards enhancing healthcare efficiency. Their syringes stand out in the market for their ultra-low waste capabilities and the integration of both passive and active safety features.

Manufacturing and Future Plans

The company operates a manufacturing facility in Hungary and is working closely with Nephron Pharmaceuticals to broaden its manufacturing capabilities in the United States. Sharps Technology is driven by its commitment to safety and user-friendliness in its product designs, appealing to healthcare providers looking for reliability in medical devices.

Supporting Information for Investors

Investors are keenly interested in understanding how Sharps' recent compliance with Nasdaq Listing standards will impact the company’s stock and overall market position. The Companies commitment towards innovative solutions and operational growth offers an encouraging outlook to potential investors. Sharps Technology aims to continue engaging with its shareholders and enhancing their investment experience.

Ongoing Innovations and Market Position

With a commitment to innovation, Sharps is set to expand its product lines and market presence significantly. The unique syringe products that Sharps develops are not only innovative but also promise to meet and exceed the safety standards demanded by the healthcare industry. This strategic direction places Sharps amidst key players in the medical device sector.

Frequently Asked Questions

What is Sharps Technology known for?

Sharps Technology is recognized for its innovative medical devices, particularly patented smart-safety syringe products that enhance safety and reduce waste in the healthcare sector.

How did Sharps regain Nasdaq compliance?

Sharps regained compliance by meeting the minimum bid price requirement of $1.00 per share, as determined by Nasdaq rules.

What does compliance mean for Sharps Technology?

Regaining compliance with Nasdaq allows Sharps Technology to remain listed on the exchange, providing greater visibility and potential investment opportunities.

What strategic partnerships does Sharps have?

Currently, Sharps is partnering with Nephron Pharmaceuticals to enhance manufacturing capabilities in the U.S., which supports their growth strategy.

Who can I contact for investor relations?

For investor inquiries, you may contact Dave Gentry from RedChip Companies, Inc. at 1-800-RED-CHIP (733-2447) or via email at STSS@redchip.com.

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