Active Power, Inc. (NASDAQ: ACPW) has received notification from the
NASDAQ Listing Qualifications department that the company has regained
compliance with the $1.00 minimum bid price requirement for continued
listing set forth in NASDAQ Listing Rule 5450(a)(1) (the “Minimum Bid
Price Rule”).
As previously announced on Aug. 18, 2008, NASDAQ notified Active Power
that its common stock failed to maintain a minimum bid price of $1.00
over the previous 30 consecutive business days as required by the
Minimum Bid Price Rule. Active Power was granted a grace period of 180
days in which to regain compliance. NASDAQ subsequently notified Active
Power of suspension of its enforcement of the Minimum Bid Price Rule,
most recently until Dec. 2, 2009. Since the time of such notifications,
the closing bid price of the company’s common stock has been at $1.00
per share or greater for at least 10 consecutive business days.
Accordingly, the company has regained compliance.
About Active Power
Active Power (NASDAQ: ACPW) provides efficient, reliable and green
critical power solutions and uninterruptible power supply (UPS) systems
to enable business continuity in the event of power disturbances.
Founded in 1992, Active Power’s flywheel-based UPS systems protect
critical operations in datacenters, healthcare facilities, manufacturing
plants, broadcast stations and governmental agencies in more than 40
countries. With expert power system engineers and worldwide services and
support, Active Power ensures organizations have the power to perform.
For more information, please 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.
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