Active Power Files Definitive Proxy Materials for Reverse Stock

Active Power Files Definitive Proxy Materials for Reverse Stock Split
Vote 
Special Meeting of Shareholders Scheduled for Dec. 17, 2012 
AUSTIN, TX -- (Marketwire) -- 11/19/12 --   Active Power (NASDAQ:
ACPW), manufacturer of UPS (uninterruptible power supply) systems and
modular infrastructure solutions, has filed today definitive proxy
materials with the SEC regarding its plans to effect a 5-for-1
reverse split of the company's outstanding and authorized common and
preferred stock. 
As described in the proxy materials, Active Power will hold its
special shareholders meeting at the company's headquarters in Austin,
Texas, on Dec. 17, 2012, at 9:00 a.m. Central time to consider
approval of the reverse split. Shareholders of record on Nov. 12,
2012, will receive notice of the special meeting and are entitled to
vote at the meeting. Further details of the special meeting and
reverse split are set forth in the proxy materials filed today. 
Additional Information Regarding Proposed Transaction
 The company
anticipates a reverse stock split would raise the per share trading
price of Active Power common stock to regain compliance with the
$1.00 per share minimum bid price requirement for continued listing
on the NASDAQ Capital Market. As previously disclosed, to maintain
the listing of its common stock on the NASDAQ Capital Market, on or
before Dec. 17, 2012, Active Power's common stock must have a minimum
closing bid price of $1.00 per share for a minimum of 10 prior
consecutive trading days. There can be no assurance a reverse stock
split will have the desired effect of raising the closing bid price
of Active Power common stock to enable the company to meet this
requirement. 
This press release is not a solicitation of shareholders or their
votes on the proposed reverse split. Active Power urges investors to
review the proxy statement and other information filed with the SEC
because it contains important information. These documents are
available without charge on the SEC website at www.sec.gov. A free
copy of the definitive proxy statement may also be obtained from
Active Power through its investor relations contacts. Investors
should read the proxy statement carefully before making any voting
decision. 
About Active Power
 Founded in 1992, Active Power (NASDAQ: ACPW)
designs and manufactures continuous power solutions and critical
backup power systems that enable datacenters 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
whether shareholder approval of the reverse stock split can be
obtained and the timing of such approval, the actual price of the
company's common stock following any approval of the stock split, and
the company's ability to timing comply with the listing requirements
of the NASDAQ Capital 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
Public Relations Manager
(512) 744-9488
lhiggins@activepower.com 
 
 
Press spacebar to pause and continue. Press esc to stop.