The Market with the Highest Initial Listing Standards in the World
WEST KINGSTON, R.I., June 29 /PRNewswire-FirstCall/ -- American Power
Conversion (Nasdaq: APCC) (APC), a leading global provider of high
availability systems for network-critical physical infrastructure (NCPI),
today announced that it is included in new NASDAQ Global Select Market. The
NASDAQ Global Select Market has the highest initial listing standards of
any exchange in the world based on financial and liquidity requirements.
Prior to the change, the company had been listed on the NASDAQ National
Market.
(Logo: http://www.newscom.com/cgi-bin/prnh/20031003/NEAPCLOGO )
"A member of NASDAQ since 1988, APC is proud to be included among the
new NASDAQ Global Select Market," said Rodger B. Dowdell, Jr., APC
president and chief executive officer. "Our inclusion in this market, with
its stringent listing requirements, is a strong reflection of APC's proven
financial performance and high corporate standards."
Beginning July 3, NASDAQ-listed companies will be classified under
three listing tiers -- NASDAQ Global Select Market, NASDAQ Global Market,
and NASDAQ Capital Market. NASDAQ also plans to launch indexes based on
these new tiers.
"APC is an example of an industry leader that has achieved superior
listing standards, which clearly defines the essence of the NASDAQ Global
Select Market," said Bruce Aust, executive vice president, Corporate Client
Group. "NASDAQ is focused on leading a race to the top in terms of listing
qualifications. In recognizing these companies, we are highlighting their
achievement in meeting the requirements to be included in the market with
the highest listing standards in the world."
NASDAQ announced the new three tier listing classification in February
2006. All three market tiers will maintain rigorous listing and corporate
governance standards. For additional information about the NASDAQ Global
Select Market, please go to: http://www.nasdaq.com/GlobalSelect.
About NASDAQ
NASDAQ is the largest U.S. electronic stock market. With approximately
3,200 companies, it lists more companies and, on average, trades more
shares per day than any other U.S. market. It is home to companies that are
leaders across all areas of business including technology, retail,
communications, financial services, transportation, media and
biotechnology. NASDAQ is the primary market for trading NASDAQ-listed
stocks. For more information about NASDAQ, visit http://www.nasdaq.com or
the NASDAQ Newsroom at http://www.nasdaq.com/newsroom/.
About American Power Conversion
Founded in 1981, American Power Conversion (Nasdaq: APCC) (APC) is a
leading provider of global, end-to-end solutions for real-time
infrastructure. APC's comprehensive products and services for home and
corporate environments improve the availability, manageability and
performance of sensitive electronic, network, communication and industrial
equipment of all sizes. APC offers a wide variety of products for
network-critical physical infrastructure including InfraStruXure(R), its
revolutionary architecture for on-demand data centers, as well as physical
threat management products through the company's NetBotz(R) division. These
products and services help companies increase the availability and
reliability of their IT systems. Headquartered in West Kingston, Rhode
Island, APC reported sales of
$2.0 billion for the year ended December 31, 2005, and is a Fortune
1000, Nasdaq 100 and S&P 500 Company. All trademarks are the property of
their owners.
For more information contact:
Investors: Debbie Hancock, APC director, investor relations,
401-789-5735, ext. 2994, debbie.hancock@apcc.com
Media:
Chet Lasell, APC public relations director, 800-788-2208, ext. 2693,
chet.lasell@apcc.com
SOURCE American Power Conversion
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Related links: http://www.apc.com/
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20031003/NEAPCLOGO AP Archive: http://photoarchive.ap.org PRN Photo Desk photodesk@prnewswire.com
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CONTACT: Investors: Debbie Hancock, APC director, investor relations, +1-401-789-5735, ext. 2994, debbie.hancock@apcc.com, or Media: Chet Lasell, APC public relations director, 800-788-2208, ext. 2693, chet.lasell@apcc.com, both of American Power Conversion
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