Beacon Power to Present At CIBC World Markets Annual Global Energy Conference; Company to Webcast Presentation Live Over the Internet.Business/Technology Editors WILMINGTON, Mass.--(BUSINESS WIRE)--March 11, 2002 Beacon Power Corporation, (Nasdaq: BCON BCON Broadcast Cross Connect (AT&T) ) a developmental-stage manufacturer of 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 that provide highly reliable, high-quality uninterruptible electric power, will present its 2002 growth strategy at the CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. Annual Global Energy Conference in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. at 3:35 p.m. on Wednesday, March 20, 2002. The conference will be held at the Millennium Broadway-New York, 145 West 44th Street, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York 10037. Telephone: (212) 768-4400. Bill Capp, Beacon Power's president 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. will be making the presentation. Capp and CFO See Chief Financial Officer. Jim Spiezio will be available for one-on-one meetings following the presentation. Conference attendance is by invitation only, however, Beacon Power's presentation will be Webcast live over the Internet. Investors interested in listening to the Webcast should log onto the "Investor Relations" section of Beacon Power's Web site, located at www.beaconpower.com, at least 15 minutes prior to the event's broadcast. Then, follow the instructions provided to assure that the necessary audio applications are downloaded and installed. These programs can be obtained at no charge to the user. For those unable to listen to the live broadcast, a replay will be available for one week by accessing the address above. About Beacon Power Corporation Beacon Power Corporation designs, manufactures, and markets advanced flywheel technology products that provide reliable electric power required by the information economy. Beacon Power Corporation is the only company to have developed a flywheel made from proprietary composite materials that can store and deliver the energy needed for long-duration backup of remote communications sites. Beacon Power Corporation is initially targeting the power quality and reliability market with products that offer significant advantages over environmentally hazardous lead-acid battery back-up power systems, including higher reliability, longer life, reduced maintenance, quicker recharging, remote monitoring and environmental friendliness. For more information, please contact Tom Nealon, Director of Investor Relations at Beacon Power Corporation, tel. 978.661.2033; fax 978.694.9194; email nealon@beaconpower.com; or send mail to 234 Ballardvale Street, Wilmington, MA 01887. Visit Beacon Power on the Internet at www.beaconpower.com. |
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