Active Power Appoints Dr. Ake Almgren as Chairman of Its Board of Directors

Mon Dec 10, 2012 5:13pm EST

* Reuters is not responsible for the content in this press release.

  AUSTIN, TX, Dec 10 (Marketwire) -- 
Active Power (NASDAQ: ACPW), manufacturer of UPS (uninterruptible power
supply) systems and modular infrastructure solutions, has announced that
Dr. Ake Almgren, a current member of Active Power's board, has been named
chairman of the board of directors. Benjamin Scott has informed the
company that he will not seek reelection as a member of the board when
his term expires and as such has stepped down from his position as
chairman of the board. Scott will remain a member of the board of
directors until his term expires at the time of the company's annual
shareholder meeting in 2013. 

    "I am extremely proud to have served on Active Power's board for the last
10 years and as chairman for five of those years," said Benjamin Scott,
former chairman of Active Power's board of directors. "I believe we have
put the foundational elements in place to support Active Power's success
both strategically and in building value for its shareholders. I have
every confidence that Ake will enhance this process as the company moves
forward."

    "On behalf of our board and the executive team, we are grateful to Ben
for his service on the board and to the company over the last 10 years,"
said Doug Milner, president and CEO, for Active Power. "Ben's strategic
insight and leadership have proven invaluable as we have worked to
position Active Power for sustained growth and improvement in financial
performance."

    "Moving ahead, I am thrilled to have Ake Almgren as our board chairman as
he brings to the table a deep understanding of our technology, products,
and the markets we compete in," said Milner. "He also brings significant
industry experience from his leadership positions with Capstone and ABB
Group, which I believe will continue to serve our business well." 

    Ake Almgren Bio
 Dr. Ake Almgren has served as a member of the company's
board of directors since March 2004. For more than 25 years, Almgren has
led business entities providing electric systems and equipment. In May
2003, Almgren founded Orkas, Inc., a consulting firm focused on new
energy technologies. Almgren was president and CEO of Capstone Turbine
Corporation from 1998 to 2003. Prior to Capstone, he was president of
several ABB companies, including ABB Power T&D Co., involved in electric
transmission and distribution systems worldwide.

    Almgren holds a doctorate in Engineering from Linkopings Tekniska
Hogskola, Sweden, and a master's of Mechanical Engineering from The Royal
Institute of Technology, Stockholm, Sweden. He currently serves on the
board of PJM Interconnection, the largest electric grid operator in the
United States. 

    About Active Power
 Founded in 1992, Active Power (NASDAQ: ACPW) designs
and manufactures continuous power solutions and critical backup power
systems that enable data centers and other mission critical operations to
remain 'on' 24 hours a day, seven days a week. Active Power solutions are
intelligently efficient, inherently reliable, and economically green,
providing environmental benefits and energy and space efficiencies to
customers' financial benefit. The company's products and solutions are
built with pride in Austin, Texas, at a state-of-the-art, ISO 9001:2008
registered manufacturing and test facility. Global customers are served
via Austin and three regional operations centers located in the United
Kingdom, Germany, and China, supporting the deployment of systems in more
than 40 countries. For more information, visit www.activepower.com.

    Cautionary Note Regarding Forward-Looking Statements
 This release may
contain forward-looking statements that involve risks and uncertainties.
Any forward-looking statements and all other statements that may be made
in this news release that are not historical facts are subject to a
number of risks and uncertainties, and actual results may differ
materially. Specific risks include delays in new product development,
product performance and quality issues and the acceptance of our current
and new products by the power quality market. Please refer to Active
Power filings with the Securities and Exchange Commission for more
information on the risk factors that could cause actual results to
differ. 

    Active Power and CleanSource are registered trademarks of Active Power,
Inc. The Active Power logo and PowerHouse are trademarks of Active Power,
Inc. All other trademarks are the properties of their respective
companies.

    SOURCE: Active Power, Inc.

    

Active Power Investor Contact: 
Ron Both 
Liolios Group 
(949) 574-3860 
ron@liolios.com 

Active Power Media Contact:
Lee Higgins
Senior Public Relations Manager
(512) 744-9488
lhiggins@activepower.com 

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