Active Power Receives $3.5 Million Order, Largest to Date.Energy Editors/Business Editors AUSTIN, Texas--(BUSINESS WIRE)--Dec. 11, 2003 Active Power, Inc. (Nasdaq:ACPW ACPW Asymmetrical Coplanar Waveguide ACPW Advisory Committee of the Purity of Water (Australia) ), a leading manufacturer of battery-free power quality products, received orders for the installation of over 7 MVA MVA abbr. motor vehicle accident MVA Motor vehicular/vehicle accident, see there of continuous power systems to be executed in phases through 1H2004. Shipment and installation of the first system has been completed. One of the largest printers and manufacturers of paper products and packaging materials in Africa will use Active Power's CleanSource(R) technology to ensure seamless operation of its manufacturing facility. As companies with sensitive process equipment know, clean, uninterrupted power is essential to maximizing output and minimizing downtime The time during which a computer is not functioning due to hardware, operating system or application program failure. . Using Active Power's CleanSource UPS systems will help the company maintain its edge by eliminating problems related to costly power disturbances. Active Power was awarded this contract over traditional battery-based UPS systems due to the following unique benefits of its CleanSource UPS products: -- Ability to operate in ambient temperatures Outside temperature at any given altitude, preferably expressed in degrees centigrade. of 0 degrees-40 degrees C -- Small footprint enabling installation directly on the manufacturing floor -- Power factor and active harmonic correction that reduce energy costs -- Unlimited charge-discharge cycles ensuring low operating costs operating costs npl → gastos mpl operacionales in a poor power quality environment -- Complete integration of UPS, back-up generator & switchgear The term switchgear, used in association with the electric power system, or grid, refers to the combination of electrical disconnects, fuses and/or circuit breakers used to isolate electrical equipment. providing 24x7x365 clean, continuous power "An order of this size, in this region, represents a significant step forward for Active Power," 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. "Our battery-free UPS systems are particularly well suited for large industrial sites located in regions that experience frequent outages. The harsh environment and high power requirements of these large factories make battery-based UPS systems unattractive. With the recent launch of our new megawatt-class UPS, we are well positioned to capture a larger slice of this industrial market in 2004." With over 500 units installed worldwide and more than 7 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 512-836-6464. 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. : 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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