Exhibit 99.1

 

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                  Power Solutions International, Inc.    201 Mittel Dr.
      

Wood Dale, IL 60191

www.psiengines.com

Power Solutions International Files 10-K for 2017 and Provides Preliminary Financial Results for 2018

2017 10-K Includes Audited Results for 2016 and 2017 and Restated Results for 2014 and 2015

Company Expects 2018 Financial Statements to be Filed by the End of the Third Quarter of 2019

WOOD DALE, Ill., May 16, 2019 — Power Solutions International, Inc. (“the Company”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emissions-certified, alternative-fuel power systems, announced that it has filed its Annual Report on Form

10-K for the year ended December 31, 2017 with the U.S. Securities and Exchange Commission (“SEC”). The filing includes audited financial statements for the fiscal years ended December 31, 2016 and December 31, 2017, as well as quarterly financial results for quarters within those years, and restated financial statements for the fiscal years ended December 31, 2014 and December 31, 2015, and the quarter ended March 31, 2016.

In August 2016, the Company disclosed an internal review of certain accounting matters. Since that time, management and the Audit Committee of the Board, along with the assistance of outside advisors, have been working diligently to identify and undertake meaningful changes to remedy deficient operational and accounting controls and are working to become current with the Company’s financial reporting requirements. The filing of the 2017 Form 10-K is a significant step forward in that process.

Anticipated Timing for 2018 and 2019 Filings

The Company plans to file its Quarterly Reports on Form 10-Q for the quarters ended March 31, June 30 and September 30, 2018, and its Form 10-K for the period ended December 31, 2018, by the end of the third quarter of 2019. In addition to these filings, the Company is working to become current with its 2019 filings. When the Company is current with all of its filings, it will seek to relist its common stock on a national exchange and expects to host an investor conference call to discuss its results and outlook.


The following information was filed by Power Solutions International, Inc. (PSIX) on Thursday, May 16, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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