Active Power Successfully Demonstrates High Inertia Turbine Prototype; Industry's First Fully Integrated Continuous Power System -- CPS -- Operates At Full Power and Speed.Business Editors & High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--April 6, 2001 Active Power Inc. (Nasdaq:ACPW ACPW Asymmetrical Coplanar Waveguide ACPW Advisory Committee of the Purity of Water (Australia) ), of Austin, a developer and manufacturer of battery-free power quality solutions, today announced it has successfully operated a prototype of its 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. ), which uses a unique High Inertia Turbine(tm). In repeated tests, the CPS system consistently performed to its design specifications. "By successfully demonstrating a prototype of our CPS product, we have passed the most critical phase of the development 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 (www.activepower.com). "This represents a significant milestone that will result in the extension of Active Power's product line into several new high growth markets." Weighing less than 20 pounds, the High Inertia Turbine(tm) rotor in the CPS is a fully integrated flywheel/motor-generator/turbine and is capable of delivering 6 kilowatts (kW) of high quality power for a minimum of eight hours. This design enables a quiet, compact and cost effective (less than $300/kWh) system that can be used in a variety of power quality and distributed generation Distributed generation generates electricity from many small energy sources. It has also been called also called on-site generation, dispersed generation, embedded generation, decentralized generation, decentralized energy or markets. Target applications for this product include 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 wireless base stations, small data centers and broadband communications, as well as distributed generation for small business and residential customers. First customer delivery is scheduled for the fourth quarter of 2001. About Active Power Active Power (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 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), which provides a highly reliable, low-cost and non-toxic replacement for lead-acid batteries used in conventional power quality installations. Through a strategic alliance, Active Power and Caterpillar Inc., teamed to develop 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 Power filings with the Securities and Exchange Commission for more information on the risk factors that could cause actual results to differ. |
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