Active Power Appoints Thomas Patrick Kelly to Board of Directors
Rod Bond to Step Down as Board Member
AUSTIN, TX -- (Marketwire) -- 01/25/13 -- Active Power (NASDAQ:
ACPW), manufacturer of UPS (uninterruptible power supply) systems and
modular infrastructure solutions, has announced its board of
directors has named Thomas Patrick Kelly to the company's board
effective Jan. 25, 2013. Kelly currently serves as interim CFO for
Panera Bread Company (NASDAQ: PNRA). Kelly will replace Rod Bond who
will not seek reelection as a board member when his term expires at
the company's annual shareholder meeting in May of 2013.
It is the board's intention to reduce its membership to seven members
following the departures of Bond and Benjamin Scott in May. Active
Power announced on Dec. 10, 2012, Scott would not seek reelection as
a board member when his term expires in May.
"I am very proud having served as a director for nearly 19 years,"
said Rod Bond. "It has been exciting to see the company develop from
a high tech developer originally known as Magnetic Bearings to a
recognized solutions provider of continuous power and critical backup
"We are very appreciative of Rod's tenure on our board and his
commitment to see the business succeed," said Dr. Ake Almgren,
chairman, Active Power's board of directors. "We acknowledge his
contributions and efforts in helping grow the business to the
inflection point we are at now."
"We are also excited to appoint Pat to our board as he brings to the
table a tremendous amount of executive management, corporate
strategy, business, and financial experience," continued Dr. Almgren.
"We very much look forward to benefit from his strong business and
financial acumen which is directly relevant to the next phase of the
Thomas Patrick Kelly Bio
Thomas Patrick Kelly serves as interim CFO
for Panera Bread leading all finance and accounting teams for the
bakery-cafe company. Prior to joining Panera in April 2012, Kelly was
interim CFO for Hawker Beechcraft Corp., a Wichita, Kan. based
aerospace manufacturing company. Before joining Hawker Beechcraft, he
served as interim CEO at ExpressJet, a regional airline in Houston,
Texas. Kelly has also held a number of senior financial positions at
Vignette Corp., which was acquired by Open Text Corp.; Dell, Inc.;
Trilogy Enterprises; Sabre Holdings; and American Airlines.
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
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
SOURCE: Active Power, Inc.
Active Power Investor Contact:
Active Power Media Contact:
Senior Public Relations Manager
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