Pentadyne Readies for Commercial Production of Revolutionary Flywheel Technology.Business Editors CHATSWORTH, Calif.--(BUSINESS WIRE)--Oct. 28, 2002 Pentadyne Power Corp., developer of flywheel power systems for power quality, distributed power and power recycling applications, announces the recent move of its operations to a new location in Chatsworth, Calif. The new 26,000 square foot facility will house Pentadyne's corporate offices, engineering and manufacturing, and marks a significant step forward in the company's product and market development strategy. Pentadyne's advanced flywheel technology, under development for nine years, will be officially introduced in 2003. Paul Craig Paul Craig (born 27 September 1951) is currently Professor of English Law at the University of Oxford and a Fellow of St John's College. Craig is a specialist in Administrative and EU Law. He was educated at Worcester College, Oxford, where he took his BA, MA and BCL. , Pentadyne's president & 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. , and former president & chief executive officer of Capstone Turbine Capstone Turbine Corporation NASDAQ: CPST, incorporated in 1988, is a California based gas turbine manufacturer that specializes in microturbine power and heat cogeneration systems. Capstone has sold and shipped more than 3,000 of these one-moving-part systems worldwide. Corp., acquired the flywheel technology and founded Pentadyne in 1998 when he recognized the need for applying the advanced energy storage technology to commercial and industrial markets. "The new Chatsworth facility will allow us to produce products for power quality applications that demand safer, cleaner and more effective ride-through solutions in the near-term," said Craig. "Our expanded operations will also make it possible for Pentadyne to support distributed power and power recycling applications." About Pentadyne Pentadyne designs, manufactures and markets advanced flywheel power systems that provide high quality, highly reliable electricity for power quality sensitive customers in today's digital economy. Pentadyne products are positioned for integration into systems including UPSs (uninterruptible power supplies 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. ), adjustable speed drives and distributed power systems. Pentadyne's flywheel systems are long lasting, low maintenance, lightweight and environmentally sound alternatives to conventional batteries. Pentadyne is backed by leading venture capital groups and industry players including Nth Power, DTE Energy DTE Energy Co. (NYSE: DTE) is a Detroit, Michigan-based utility incorporated in 1995 involved in the development and management of energy-related businesses and services nationwide. , MVV MVV maximal voluntary ventilation. Innovations, Sempra Energy Sempra Energy NYSE: SRE is a San Diego, California-based energy services holding company that was founded in 1998. Sempra owns the Southern California Gas Company, San Diego Gas & Electric, Sempra Commodities, and Sempra Generation. , Electricite de France and Ben Rosen (co-founder and chairman emeritus of Compaq Computer). For more information, visit pentadyne.com or contact the representatives below. |
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