Active Power Receives $2.75 Million Order for New Megawatt UPS.AUSTIN, Texas -- Repeat Customer Order Highlights Value of Flywheel-Based Systems 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) ), a leading manufacturer of battery-free power quality products, received an order totaling approximately $2.75 Million for a 4MVA MVA abbr. motor vehicle accident MVA Motor vehicular/vehicle accident, see there continuous power system (CPS (1) (Characters Per Second) The measurement of the speed of a serial printer or the speed of a data transfer between hardware devices or over a communications channel. CPS is equivalent to bytes per second. ). The CPS incorporates four of Active Power's groundbreaking 1MVA UPS system with backup diesel generator A diesel generator is the combination of a diesel engine with an electrical generator (often called an alternator) to generate electric energy. Diesel generators are used in places without connection to the power grid or as emergency power-supply if the grid fails. and automatic transfer switch An automatic transfer switch is a device used to automatically switch a power supply from normal(utility) to emergency(generator) when a power failure occurs. (ATS) and will be shipped during the second half of 2004 and commissioned by early 2005. Based on the performance of the units previously installed, one of the largest printers and manufacturers of paper products and packaging materials in Africa will continue to integrate Active Power's CleanSource(R) technology into its manufacturing facility to ensure efficient, 24x7 operations. After installing the first Active Power CPS solution, the company has been able to avoid costly downtime by using Active Power's flywheel-based UPS to condition power from the utility and ensure a seamless transition to backup generators in the event of a full outage out·age n. 1. A quantity or portion of something lacking after delivery or storage. 2. A temporary suspension of operation, especially of electric power. . Following commissioning, the first CPS installation has protected the company's operations from over 650 power events, and bridged to generator more than 300 times. "A repeat order, particularly of this magnitude, is a powerful testimonial to the benefits of our products and technology. The ability of our systems to handle demanding and frequent power supply issues in harsh environments is evidenced by the performance of our systems in this installation. Battery-based systems simply cannot perform adequately in these conditions, for which our flywheel systems are ideally suited," 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. "We look forward to participating with this customer on this project and their next phase of manufacturing expansion." With over 500 units installed worldwide and several million hours of field operation, Active Power's products are a proven alternative to problematic battery-based systems. CleanSource battery-free technology uses the kinetic energy kinetic energy: see energy. kinetic energy Form of energy that an object has by reason of its motion. The kind of motion may be translation (motion along a path from one place to another), rotation about an axis, vibration, or any combination of from a constantly spinning steel flywheel to eliminate the need for problematic lead acid battery-based systems. Active Power has the 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 - 2000kW range, and the CleanSource UPS product family, available from 65kVA to 3600kVA. 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 toll free 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: 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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