Active Power Achieves 15-Minute Runtime Milestone.Energy Editors/Business Editors/High-Tech Writers AUSTIN Austin. 1 City (1990 pop. 21,907), seat of Mower co., SE Minn., on the Cedar River, near the Iowa line; inc. 1868. The commercial and industrial center of a rich farm region, it is noted as home to the Hormel meatpacking company, whose Spam Town museum , Texas--(BUSINESS WIRE)--April 23, 2004 Active Power, Inc. (Nasdaq:ACPW ACPW Asymmetrical Coplanar Waveguide ACPW Advisory Committee of the Purity of Water (Australia) ) today announced that it successfully operated a prototype of its new battery-free energy storage system at 40 kilowatts (kW) for over 15 minutes. This extended runtime product is initially slated to replace lead-acid batteries Noun 1. lead-acid battery - a battery with lead electrodes with dilute sulphuric acid as the electrolyte; each cell generates about 2 volts lead-acid accumulator in the 3-phase Uninterruptible Power Supply See UPS. (hardware) Uninterruptible Power Supply - (UPS) A battery powered power supply unit that is guaranteed to provide power to a computer in the event of interruptions in the incoming mains electrical power. (UPS) market below 100 kilovolt-amps (kVA), which is approximately 45% of the overall $2 billion 3-phase UPS market. The new product will augment aug·ment v. aug·ment·ed, aug·ment·ing, aug·ments v.tr. 1. To make (something already developed or well under way) greater, as in size, extent, or quantity: the company's current flywheel-based product offerings that target the greater than 100 kVA 3-phase UPS market. "These test results are better than we anticipated and give us confidence that we will meet our ambitious goals for this product," said Joe Pinkerton, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Active Power, Inc. "We look forward to demonstrating this unit to key customers and partners over the next several months. To put this achievement in perspective, our new system provides ten times more energy than our current flywheel and yet has a lower projected build cost. This milestone takes us much closer to our longstanding goal of providing our customers with a cost-competitive, minute-for-minute replacement for problematic lead-acid batteries." The company has set forth the following additional milestones to be completed over the remainder of 2004: -- Deliver 80 kW for 15 minutes in Q2; -- Deliver 10 kW for 2 hours in Q3; -- Unveil this product technology publicly in Q3; and -- Ship first alpha units to customers in Q4. Active Power anticipates this new extended runtime technology will serve as a primary product development platform for the next several years. Follow-on versions of this technology platform will be directed toward the low power telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. sector and its approximately $4 billion backup power An additional power source that can be used in the event of power failure. See UPS and backup.  A Half Minute of Backup This roomful of lead acid batteries stands ready to drain itself entirely in less than a minute. market. With over 500 units installed worldwide and more than 8 million hours of field operation, Active Power's products are a proven alternative to battery-based systems. The company offers the industry's broadest range of battery-free power quality solutions: the CleanSource DC product line, which is compatible with all leading UPS brands and is available in the 100 kW to 2000 kW range, and the CleanSource UPS product family, available from 65 kVA to 3600 kVA. Recently recognized by Frost & Sullivan for its ability to satisfy customer needs with new and innovative products, Active Power continues to rapidly expand its product line to address the needs of new market segments and geographies. For more information visit www.activepower.com, e-mail sales@activepower.com or call 1-877-FLYWHEEL (359-9433). About Active Power: Active Power, Inc. (www.activepower.com) designs, manufactures and markets battery-free power quality products that provide the consistent, reliable electric power required by today's digital economy. An ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001-registered company, Active Power is the first to commercialize a flywheel energy storage Flywheel Energy Storage (FES) works by accelerating a rotor (flywheel) to a very high speed and maintaining the energy in the system as rotational energy. The energy is converted back by slowing down the flywheel. system, CleanSource(R) that provides a highly reliable, low-cost and non-toxic replacement for lead-acid batteries used in conventional power quality installations. Cautionary Note Regarding Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : This release may contain forward-looking statements that involve risks and uncertainties. Any forward looking statements and all other statements that may be made in this news release that are not historical facts are subject to a number of risks and uncertainties, and actual results may differ materially. Specific risks include delays in new product development, product performance and quality issues and the acceptance of our current and new products by the power quality market. Please refer to Active Power filings with the Securities and Exchange Commission for more information on the risk factors that could cause actual results to differ. Active Power and our Active Power logo and CleanSource are registered trademarks of Active Power, Inc. All other trademarks are the properties of their respective companies. |
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