Scottsdale, Arizona 9/18/2008 1:19:19 AM
News / Finance

Beacon Power Corp. (BCON) Announces Creation of Integrated Matrix of High-Powered Flywheels

www.QualityStocks.Net would like to highlight Beacon Power Corp. (NASDAQ: BCON). The company designs, develops and configures products and services to support electricity grid operation. Beacon is a development-stage company. The focus of its research and development has been to establish flywheel-based energy storage technologies that can provide energy solutions for the worldwide electricity grid. Its initial market focus is on the geographic regions of the domestic grid that provide open bid markets for regulation services.

 

In the company’s news yesterday,

 

Beacon Power Corp. announced it has created and tested an integrated matrix of 10 high-powered flywheels that will be produced this year. The 10 flywheels operate together to absorb and supply a full megawatt (MW) of electricity. Located in Massachusetts, the system will be the first of up to 5MW of flywheel-based regulation capability.

 

“This is another significant achievement in our company’s history and for the electric power industry,” Bill Capp, Beacon president and CEO stated in the press release. “We’ve proven that a matrix of our Smart Energy 25 flywheels, together with associated electronics, software and other components, can store and release a megawatt of electricity. In recent weeks our flywheel production rates have ramped up with continued good results. Based on this progress, we’re looking forward to responding to live ISO signals in the near future.”

 

Previously, Beacon built and ran individual flywheels to prepare for its first full MW implementation. In light of internal testing of the 10-flywheel system, the company realized its 1MW Smart Energy Matrix can boost and decrease to absorb and supply a full MW of power.

 

The company last month announced the ISO New England Alternative Technologies Pilot Program, which will provide revenue for regulation services until permanent market rules have been developed, which is expected to take about 18 months.

 

Beacon will soon begin testing a system, working with ISO New England, in which the matrix will respond to actual ISO test signals to absorb and supply power. Beacon plans to meet its scheduled interconnect live to the grid by November 18.

 

About QualityStocks

 

QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 500,000+ subscribers that receive The Daily Stock Newsletters.

 

To sign up for “The QualityStocks Daily Newsletter” please visit http://www.qualitystocks.net/

 

Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net 

 

Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.