Active Power Begins New Business Model to Support Monetization of Intellectual Property and Create Long-Term Stockholder Value
Company Changes Name to P10 Industries Following Completion of Asset Sale
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 Enters Into Asset Purchase Agreement With Langley Holdings PLC
Transaction Unites Flywheel UPS Specialist With World–s Largest Rotary UPS Manufacturer