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May 29, 2015 4:43 PM ET

Electrical Equipment

Company Overview of Power Air Corp.

Company Overview

Power Air Corporation, a development stage company, engages in the development, manufacture, and marketing of zinc air fuel cell based commercial products primarily in the United States. The company’s zinc air fuel cell (ZAFC) technology is a metal oxide fuel cell that uses a combination of atmospheric oxygen and zinc pellets in a liquid alkaline electrolyte mixture to generate electricity. It focuses on delivering ZAFC based products and systems to the market in collaboration with original equipment manufacturers and/or contract manufacturers. The company was founded in 1997 and is based in Coquitlam, Canada.

125-9 Burbidge Street

Coquitlam, BC V3K 7B2

Canada

Founded in 1997

9 Employees

Phone:

604-468-7771

Key Executives for Power Air Corp.

Chief Executive Officer, President and Director
Chief Financial Officer, Secretary and Director
Director of Engineering
Age: 49
Compensation as of Fiscal Year 2014.

Power Air Corp. Key Developments

SEC Revokes Registration Of Registered Securities Of Power Air Corporation

An Administrative Law Judge has issued an Initial Decision of Default as to Power Air Corporation. The Initial Decision found that the company was issuer of securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934 (Exchange Act), and the company failed to comply with Section 13(a) of the Exchange Act and Exchange Act Rules 13a-1 and/or 13a-13 by not filing required periodic reports with the Securities and Exchange Commission (SEC). The Initial Decision finds these allegations to be true and revokes the registration of each class of the company’s registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934.

SEC Orders Hearings On Registration Suspension Or Revocation Against Power Air Corporation For Failure To Make Required Periodic Filings

Securities and Exchange Commission (SEC or the commission) 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 Power Air Corporation for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission. In this 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 this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

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