Active Power Sale Complete to Langley Holdings PLC

Active Power Sale Complete to Langley Holdings PLC

AUSTIN, TX — (Marketwired) — 11/19/16 — Active Power (NASDAQ: ACPW), the flywheel energy storage specialist, has completed the sale of its business to Piller Power Systems, Inc. ("Piller") pursuant to the Asset Purchase Agreement ("APA") announced Sept. 30, 2016. The deal was at a special meeting of stockholders on Nov. 16, 2016.With its installed base of more than 5,000 kinetic energy storage units worldwide, Active Power complements Piller–s business perfectly. Piller

Active Power Announces Exploration of Strategic Alternatives

Active Power Announces Exploration of Strategic Alternatives

AUSTIN, TX — (Marketwired) — 07/26/16 — Active Power (NASDAQ: ACPW), a manufacturer of flywheel energy storage products and modular infrastructure solutions (MIS), announced today that its board of directors is conducting a review of strategic and financial alternatives to potentially accelerate key growth initiatives and enhance total shareholder value. This process has the goal of identifying the best way to enhance shareholder value. The company has engaged Vinson & Elkins LLP as its

Active Power Adopts Tax Benefit Preservation Plan to Preserve Valuable Net Operating Losses

Active Power Adopts Tax Benefit Preservation Plan to Preserve Valuable Net Operating Losses

AUSTIN, TX — (Marketwired) — 06/15/16 — Active Power (NASDAQ: ACPW), a manufacturer of flywheel energy storage products and modular infrastructure solutions (MIS) for mission critical applications worldwide, today announced that its board of directors has adopted a Net Operating Loss ("NOL") Shareholder Rights Agreement (the "NOL Rights Plan") designed to preserve its substantial tax assets. As of December 31, 2015, Active Power had U.S. federal and state net operating lo

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