Active Power Appoints Martin Olsen Vice President of Business Development.Seasoned Product Marketer to Serve as Lead in Building and Strengthening Global Partnerships AUSTIN, Texas -- Critical 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. systems inventor and manufacturer Active Power, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ACPW ACPW Asymmetrical Coplanar Waveguide ACPW Advisory Committee of the Purity of Water (Australia) ), today announced the appointment of Martin Olsen as vice president of Business Development. Having previously served as director of Product Management and Development for the company, Olsen will structure and lead all global business development activities to help grow Active Power's distribution channels. "Martin has done an outstanding job overseeing our flywheel and compressed air compressed air, air whose volume has been decreased by the application of pressure. Air is compressed by various devices, including the simple hand pump and the reciprocating, rotary, centrifugal, and axial-flow compressors. solutions," said Jim Clishem, president 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. "He brings a unique combination of experience and insight in the cooling systems cooling systems for housed animals include spraying of roofs with water, evaporative pads with fans, foggers and misters; for pastured animals shelter from the sun by trees or artificial shade devices and cooling ponds are used. and power management markets to this position that will enhance Active Power's overall value proposition for its clients. Already, he has been instrumental in forging our relationship with organizations such as Sun Microsystems (NASDAQ: JAVA) for our PowerHouse containerized con·tain·er·ize v.tr. con·tain·er·ized, con·tain·er·iz·ing, con·tain·er·iz·es 1. To package (cargo) in large standardized containers for efficient shipping and handling. 2. solutions which directly aligns with our growth strategies of diversifying our sales channels and selling power solutions." A U.S. patent holder, Olsen served as director, Data Center Group, for Wright Line LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a Worcester, Mass. based data center infrastructure firm, prior to joining Active Power in early 2007. From 1998 to 2004, Olsen worked in the United States and several years overseas working in Munich and Singapore, where he led the product marketing and development charter for APC-MGE. Among his many accomplishments while at APC-MGE, Olsen helped establish relationships with IBM Global Services IBM Global Services is the world's largest business and technology services provider. It is the fastest growing part of IBM, with over 190,000 professionals serving customers in more than 160 countries. and EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. to facilitate the introduction of their InfraStruXure product to market in 15 European states. "I am excited about the strategic partnerships we currently have in the works because they allow us to diversify our sales channels and emphasize Active Power's large system and total solution capabilities," said Martin Olsen, vice president of Business Development for Active Power. "Our goal is to continue to cultivate existing and new strategic partnerships that will enable us to grow our capabilities, distribution and ultimately our revenue stream." About Active Power Active Power (NASDAQ: ACPW) provides efficient, reliable and green critical power solutions and 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) systems to enable business continuity in the event of power disturbances. Founded in 1992, Active Power's flywheel-based UPS systems protect critical operations in data centers, healthcare facilities, manufacturing plants, broadcast stations and governmental agencies in more than 40 countries. Active Power also offers CoolAir, the only solution that provides both backup power and backup cooling. With expert power system engineers and worldwide services and support, Active Power ensures organizations have the power to perform. For more information, please visit www.activepower.com. Cautionary Note Regarding Forward-Looking Statements 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, CleanSource and CoolAir are registered trademarks of Active Power, Inc. The Active Power logo, PowerHouse and PowerCentre are trademarks of Active Power, Inc. All other trademarks are the properties of their respective companies. |
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