DGAP-News: Electronics Line 3000 Ltd.: Electronics Line moves to the Prime Standard segment
(firmenpresse) - DGAP-News: Electronics Line 3000 Ltd. / Key word(s): Regulatory
Admission
Electronics Line 3000 Ltd.: Electronics Line moves to the Prime
Standard segment
11.08.2011 / 11:21
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Electronics Line moves to the Prime Standard segment
- Prime Standard is the highest level of transparency on the FSE
- Transfer becomes effective on August 15, 2011
Rishon LeZion, Israel (August 11, 2011) - Electronics Line 3000 Ltd. ('the
Company' or 'EL') (XETRA: ELN), a global provider of wireless security with
remote management solutions, announces that the management board of the
Frankfurt Stock Exchange accepted the Company's recent application for an
uplisting from the General Standard to the Prime Standard of the Frankfurt
Stock Exchange. All ordinary shares of the company (ISIN IL0010905052) that
so far have been admitted to trading in the General Standard will be listed
in the Prime Standard beginning on August 15, 2011.
The Prime Standard is a EU-regulated segment for companies also wishing to
position themselves vis-à-vis international investors and represents the
highest level of transparency in Germany. Companies listed in the Prime
Standard must comply with high international transparency standards and
disclosure requirements. The Company used to be listed in the Prime
Standard segment from December 2005 until June 2009 before moving to the
General Standard in order to save internal resources during its
restructuring process.
'With this move we now intend to re-emphasize our capital market
orientation in order to achieve a higher visibility and attractiveness for
our stock from international investors', says Douglas Luscombe, CEO of EL.
'And since we already fulfil the transparency obligations of the Prime
Standard almost fully by our internal reporting, the transfer to the
highest level won't cause any substantial additional expenditures for us.'
About Electronics Line (EL):
EL is a pioneer in next-generation security solutions for the residential
and small commercial markets. The Company designs and produces cutting-edge
solutions for security and control of living and working environments. The
EL line provides comprehensive security protection, as well as
sophisticated system and home management functionality, for optimal
comfort, safety and peace of mind. This new industry standard is further
upgraded with enhanced remote management capabilities that give homeowners
instant access to their system from anywhere in the world.
Upgrading Everyday Security
EL solutions enable new levels of control and maintenance in protected
sites through the ELAS, a proprietary remote management server. The Company
enjoys a unique market position in supplying ELAS-governed systems for the
home and workplace, which provide the multiple benefits of a virtual
security presence, convenient home automation, and energy efficiency, all
customized by the end-user and/or the service provider.
EL's extensive product line includes both wired and wireless solutions, as
well as the integration of both types into one hybrid system. EL solutions
offer enhanced detection and PSTN/IP/GSM/GPRS-based event reporting, along
with advanced remote management tools. The back-office support and
customized branding of EL solutions provide superior security with
significant business benefits and market expansion potential.
Global Partnerships
Nearly three decades of cutting-edge leadership have earned EL a solid
market position, allowing users worldwide to benefit from EL's ongoing
development of upgraded security solutions. The Company maintains long-term
partnerships worldwide.
EL has made emerging technology, user-friendly design and exceptional
quality the benchmarks for serving its international network of clients and
partners. Drawing on a tradition of pioneering expertise, EL specialists
also provide security integration consultancy, installation
service,training and technological support.
EL was established in 1982 and is headquartered in Israel. The Company is
publicly traded on the Frankfurt Stock Exchange (ELN) and is part of the
RISCO Group, an established leader in the international security market.
Disclaimer:
'This release contains forward-looking statements, which express the
current beliefs and expectations of management. Such statements involve a
number of known and unknown risks and uncertainties that could cause the
Company's future results, performance or achievements to differ
significantly from those expressed or implied by such forward-looking
statements. A number of these risks and other factors that might cause
differences, some of which could be material, along with additional
discussion of forward-looking statements, are set forth in the Company's
Annual Report and its other filings filed with the Israeli Securities
Authority. Forward-looking statements speak only as of the date on which
they are made and the Company undertakes no obligation to update publicly
or revise any forward-looking statement, whether as a result of new
information, future developments or otherwise.'
Contact:
For more information please contact:
Investor Relations
Claudia Press
ir(at)electronics-line.com
End of Corporate News
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11.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Electronics Line 3000 Ltd.
14 Hachoma St.
Rishon LeZion 75655
Israel
Phone: 00972 3 9181333
Fax: 00972 3 9616 584
E-mail: ir(at)electronics-line.com
Internet: www.electronics-line.com
ISIN: IL0010905052
WKN: A0B5R7
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, München
End of News DGAP News-Service
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135327 11.08.2011
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Datum: 11.08.2011 - 11:21 Uhr
Sprache: Deutsch
News-ID 45002
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