Active Power Signs Term Sheet With Leading Telecommunications Company to Distribute High Interia Turbine Product.Business Editors & High-Tech high-tech also hi-tech adj. Informal Of, relating to, or resembling high technology. high-tech Adjective same as hi-tech Adj. 1. 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)--June 26, 2001 Terms of agreement include five-year minimum volume in return for exclusive distribution rights of the High Inertia inertia (ĭnûr`shə), in physics, the resistance of a body to any alteration in its state of motion, i.e., the resistance of a body at rest to being set in motion or of a body in motion to any change of speed or change in direction of Turbine turbine, rotary engine that uses a continuous stream of fluid (gas or liquid) to turn a shaft that can drive machinery. A water, or hydraulic, turbine is used to drive electric generators in hydroelectric power stations. product in DC telecom market. 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) ) of Austin, TX, a designer and manufacturer of power quality solutions has signed a term sheet with a leading maker of telecom power systems for exclusive distribution of the company's 6kW High Inertia Turbine (HIT6) product in the DC telecom market. HIT6 is a battery-free, long runtime, continuous power system that uses Active Power's patented high inertia turbine technology. The definitive agreement will be executed within 60 days and includes an exclusive distribution agreement for the DC telecom market, volume minimums, and stipulated joint sales and marketing funding. This new partnership will provide Active Power worldwide distribution and service to address the $4 billion DC wireless and wireline power market. HIT6 is an ideal power quality solution for both new wireless sites and the large battery replacement market estimated at 400,000 sites worldwide. The system design is compact with low maintenance requirements, making HIT6 technology ideal for remote and outdoor critical power sites. Field test units are planned for shipment in the 4th quarter of this year. Additional details will be disclosed during Active Power's quarterly earnings conference call on July 19, 2001. 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. Active Power is the first company to commercialize 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. systems and currently markets two products integrated with CleanSource(R) technology: CleanSource DC and Cat UPS. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Provision 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 that could cause actual results to differ materially include the uncertainty of whether formal agreement will be reached between the parties; whether final development of the product will be completed on schedule; whether the product will be accepted in the market; and other risk factors identified in Active Power's filings with the Securities and Exchange Commission. CleanSource is a registered trademark of Active Power, Inc. All other trademarks are the properties of their respective companies. |
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