Key Developments: Active Power Inc (ACPW.OQ)
4.04USD
8 May 2013
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Latest Key Developments (Source: Significant Developments)
Active Power Inc Issues Q2 2013 Guidance In Line With Analysts' Estimates
Active Power Inc announced that for the second quarter of 2013, it expects revenue to range between $19 million and $22 million and earnings per share (EPS) is expected to be between $(0.02) and $0.03 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $21 million and EPS of $0.03 for the second quarter of 2013. Full Article
Active Power Inc And Digital China Information Service Company Limited Enter Into Partnership Agreement
Active Power Inc announced that it has entered into a partnership agreement with Digital China Information Service Company Limited (DCITS), China's No. 1 IT solutions distribution and system integration firm. DCITS is a subsidiary of Digital China Holdings Limited (HK00861), a Fortune China 100 company. Under the new agreement, DCITS will market and sell Active Power's CleanSource UPS and CleanSource High Density UPS products and PowerHouse products through its field sales offices in 19 of 22 mainland provinces in China as well as key geographies in the greater Asian market. The partnership also provides for joint sales and marketing and technical support. Full Article
21Vianet Selects Active Power Inc for Critical Power Infrastructure at Beijing Colocation Facility
Active Power Inc announced that it has deployed a CleanSource 1000 kVA UPS system to 21Vianet (NASDAQ: VNET), one of the data center services provider in China. The system was installed in late February 2013 at the provider's colocation data center in Beijing. The facility hosts mission critical data for a variety of customers, including Internet firms, government entities, blue-chip enterprises, and small to medium sized businesses. Full Article
Active Power Inc Issues Q1 2013 Guidance; Revenue Guidance Below Analysts' Estimates
Active Power Inc announced that for the first quarter of 2013, it expects revenue to range between $18 million and $21 million and earnings per share (EPS) is expected to be between breakeven and $0.03 per share. This outlook is subject to a number of factors, including those outside of the Company's control, such as customer deployment schedules which may result in actual revenues and earnings to vary outside these ranges. Changes in cash and investments in the first quarter are expected to be minimal and driven by changes in working capital requirements. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $22 million and EPS of $0.03 for the first quarter of 2013. Full Article
Active Power Inc Issues Q4, FY 2012 Guidance Below Analysts' Estimates
Active Power Inc announced that the ability of the Company to achieve its expected fourth quarter 2012 results will be adversely impacted by the inability to recognize revenue from a single multi million dollar order. As a result, the Company expects to report revenues of $14 million to $16 million and a net loss of between $0.4 million and $0.8 million, or between $0.02 and $0.04 per share for the fourth quarter of 2012. The Company expects revenues to be between $75 million and $77 million, net loss to be between $1.9 million and $2.3 million, or between $0.10 and $0.12 per share for fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $18 million, net income $0.11 million and EPS of $0.00 for the fourth quarter of 2012; revenue of $79, net income of $(1.3) million and EPS of $(0.05) for fiscal 2012. Full Article
Active Power Inc Receives Multimillion Dollar Order for CleanSource UPS systems
Active Power Inc announced that it received a multimillion dollar purchase order for its CleanSource UPS systems. These systems are slated for deployment at a data center owned by one of the internet search firms. The nearly 11 megawatts of total rated UPS capacity will be shipped later this month to the end user's data center facility in the Pacific Northwest region of the United States. Full Article
Active Power Inc Appoints Dr. Ake Almgren As Chairman Of Board of Directors
Active Power Inc 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. Full Article
Active Power Inc Issues Q4 2012 Guidance In Line With Analysts' Estimates; Issues FY 2012 Mixed Guidance
Active Power Inc announced that for fourth quarter of 2012, it expects revenue to range between $17 million and $21 million and earnings per share (EPS) are expected to be between breakeven to $0.02. For fiscal 2012, it expects revenue to be between $78 million and $82 million and EPS to be breakeven to $0.01. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $19.5 million and EPS of $0.01 for fourth quarter of 2012; revenue of $83.09 and EPS of $(0.02) for fiscal 2012. Full Article
Active Power Inc Appoints New CFO-Form 8-K
Active Power Inc reported in its Form 8-K that on October 9, 2012, Active Power, Inc. (Company) announced that Steven R. Fife has been appointed as the Company’s Vice President of Finance, effective immediately, and will be appointed as the Company’s Chief Financial Officer (CFO) and Secretary, effective as of the later of October 31, 2012 or the departure of John Penver as Chief Financial Officer of the Company. Full Article
Stanford University Selects Active Power, Inc. To Support New $41 Million Research Computing Facility
Active Power, Inc. announced that Stanford University will deploy nearly three megawatts of Active Power's high efficiency CleanSource UPS systems at its new Stanford Research Computing Facility (SRCF) in Stanford, Calif. The efficient 415 volt systems will be delivered in late fourth quarter of 2012 with installation slated for the third quarter of 2013. With its scheduled opening late next year, the SRCF will expand the computing capabilities of the university and the SLAC National Accelerator Laboratory. The SRCF will provide the university's research community direct access to high performance computing clusters to support its research, for example genome sequence analysis, protein modeling, computational fluid dynamic simulations, and economic modeling. Full Article
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