Active Power Successfully Completes First Major Telecom Continuous Power System Development Milestone.Business Editors AUSTIN, Texas--(BUSINESS WIRE)--Nov. 1, 2000 Flywheel/Motor-Generator and Power Electronics Operating Successfully At Over 6 kW Active Power, Inc., of Austin, a developer and manufacturer of battery-free power quality solutions, today announced it has successfully operated a critical subsystem of its telecom 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. ). "By achieving this first milestone in our telecom CPS product development, we have demonstrated that we are on schedule with this program," said Joe Pinkerton, 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. "This low power telecom CPS product will extend our product line into the high growth telecom market and complements our current high power strategy which targets the rapidly growing web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. market." Using a fully integrated flywheel/motor-generator/turbine rotor that weighs less than 25 pounds, the Active Power CPS will be capable of delivering 6 kilowatt (kW) of 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. for 8 hours. Target applications for this product include backup power for wireless base stations, remote switching centers, and broadband communications such as fiber-to-cable and DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary distribution. Active Power's telecom CPS product is slated for full prototype operation in the first quarter of 2001, with production shipments scheduled for the fourth quarter of 2001. Price for this 48 kilowatt-hour (kWh) battery-free solution is targeted to be under $15,000 or less than $300/kWh. The company expects to have a major distribution partnership agreement in place by the second quarter of 2001. About Active Power Active Power designs, manufactures and markets power quality products that provide the consistent, reliable electric power required by today's digital economy. Targeting a large segment of the $11 billion power quality market, Active Power's current battery-free power quality solutions are designed to eliminate power disturbances, which cost U.S. industry $30 billion annually in lost data and productivity. (Source: Electric Power Research Institute, 1999) Active Power is the first company 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 that provides a highly reliable, low-cost and non-toxic replacement for lead-acid batteries used in conventional power quality installations. Leveraging its expertise in flywheel technology, and by partnering with Caterpillar Inc., the company has also developed a battery-free 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), which is marketed under the Caterpillar brand name. 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. Please refer to Active filings with the Securities and Exchange Commission for more information on the risk factors that could cause actual results to differ. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion