October 22, 2014 10:02 PM ET

Electrical Equipment

Company Overview of Medis Technologies Ltd.

Company Overview

Medis Technologies Ltd. designs, develops, and markets fuel cells that provide portable electricity for retail, commercial, and military applications. The company offers 24/7 Power Pack, a disposable power source capable of providing direct power or multiple recharges to portable electronic devices, such as mobile handsets, smart phones, MP3 players, gaming, and other handheld electronic devices. It also provides Xtreme Power Pack Emergency Kit, which can be used as an instant power source for charging the user’s cell phone and power an included 14-LED flashlight, as well as to power portable radios and other electronic devices. In addition, the company offers Cell Carrier under the CKChip p...

805 Third Avenue

15th Floor

New York, NY 10022

United States

Founded in 1992

140 Employees

Phone:

212-935-8484

Fax:

212-935-9216

Key Executives for Medis Technologies Ltd.

Chief Technical Officer and Executive Vice President
Age: 54
Senior Vice President of Product Management
Senior Vice President of Sales - Government & Military Applications
Consultant
Age: 66
Compensation as of Fiscal Year 2014.

Medis Technologies Ltd. Key Developments

SEC Revokes Registration Of Registered Securities Of Medis Technologies

An Administrative Law Judge has issued an Order Making Findings and Revoking Registrations by Default as to Medis Technologies Ltd. The Order Instituting Proceedings alleged that the Company repeatedly failed to file timely periodic reports while securities were registered with the Securities and Exchange Commission (SEC). The Default Order finds these allegations to be true as to Company and revokes the registration of each class of their registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934.

SEC Orders Hearing On Registration Suspension Or Revocation Against Medis Technologies

In conjunction with trading suspension, the Securities and Exchange Commission (SEC) also instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Medis Technologies Ltd. for failure to make required periodic filings with the Commission. In the Order, the Division of Enforcement (Division) alleges that the company is delinquent in its required periodic filings with the Commission. In these proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in the proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

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