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SOURCE Arkados Group, Inc.
NEWARK, N.J., Oct. 8, 2013 /PRNewswire/ -- Arkados Group, Inc. (OTC: AKDS) ("Arkados"), a developer of software solutions for the home automation and energy management industries, today announced that it has completed its audits for 2011, 2012 and 2013 and filed with the Securities and Exchange Commission all previously outstanding reports.
"Arkados has worked diligently over the past six months to bring our financial reporting status current," said Terrence DeFranco, the Company's CEO, appointed in January of this year. "For the first time since 2011, the Company is current with its reporting. This is an important accomplishment because it fortifies our foundation for executing our business plan, allows us to focus more of our energies on developing new products and marketing initiatives with our partners and enhances communications with our shareholders, which we anticipate will result in improved financial performance going forward."
Arkados has a license agreement from STMicroelectronics for the use of its unique powerline communication technology and, as previously announced, is working closely with Tatung to pursue mutually beneficial business development opportunities based on Arkados' innovative Internet of Things software solutions.
Investors can access the latest information about Arkados, including its updated SEC filings, and register to receive news updates and press releases directly, by visiting the interactive investor relations page on the corporate website: http://arkadosgroup.investorroom.com/index.php
About Arkados Group, Inc.
Arkados Group, Inc. ("Arkados" or the "Company") is a leading software and hardware design company focused on developing solutions that enable machine to machine communications for the Internet of Things (IoT). Our solutions support smart grid and smart home applications primarily in the areas of home and building automation and energy management. The Company's solutions are uniquely designed to drive a wide variety of wireless and powerline communication (PLC)-based products, such as sensors, gateways, video cameras, appliances and other devices. By utilizing the Company's solutions, Arkados' customers can bring numerous sophisticated, full-featured products to market faster at a lower overall development cost.
Arkados® is a registered trademark of Arkados Group, Inc. For more information about Arkados please visit the Company's website: http://www.arkadosgroup.com
CONTACT: Michael Porter, Porter LeVay & Rose, 212-564-4700
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