In the company’s news yesterday,
Active Power announced that it received two new orders from its OEM partner Caterpillar. The first order is for ten 900 kVA UPS (uninterruptible power supply) systems, anticipated to be delivered in the first quarter of next year. The second order is for six 900 kVA systems which will be delivered in the next five weeks.
Jim Clishem, president and CEO of Active Power, stated, “We are pleased to see the continued market momentum our OEM partner is experiencing, which is evidenced by the selection of Caterpillar for these large system deployments. These two orders exemplify the confidence the market is placing in flywheel technology and its inherent benefits of energy and space efficiency, high reliability and environmental sustainability.”
In the past 16 years, Active Power has shipped more than 2,000 flywheels in systems with more than 50 million hours of runtime. Active Power UPS systems separate themselves from the competition by performing at efficiency levels up to 98 percent, resulting in lower energy consumption and improvement in companies’ bottom lines.
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 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.
