The Board of Directors of Thermodynetics has approved the distribution of a dividend to shareholders of record on July 15, 2011 in a spin-off transaction. TDYT will not be quoted ex-dividend Those shareholders who are owners of at least 1,000 shares of Thermodynetics common stock are receiving restricted shares of TPI Systems, Inc. ("TPI") on a one-for-one (1:1) pro rata basis.
All other Thermodynetics shareholders are receiving adistribution of $0.0002/share for each of the shares with an ex-date of July 13,2011,pro rata , they owned of Thermodynetics as of the record date.