Cohen Milstein Sellers & Toll PLLC Announces the Investigation of Active Power, Inc.

  Cohen Milstein Sellers & Toll PLLC Announces the Investigation of Active
  Power, Inc.

Business Wire

WASHINGTON -- September 19, 2013

Cohen Milstein Sellers & Toll PLLC is conducting an investigation to determine
whether Active Power, Inc. (“Active Power” or the “Company”) and certain of
its officers and directors made false and misleading statements and/or
omissions in violation of Sections 10(b) and 20(a) of the Securities Exchange
Act of 1934.

A class action lawsuit was filed in the U.S. District Court for the Western
District of Texas by another law firm on behalf of purchasers of the common
stock of Active Power, Inc. (NASDAQ: ACPW) between April 30, 2013 and
September 5, 2013, inclusive (the “Class Period”).

The complaint alleges that Active Power and certain of its officers and
directors (“Defendants”) made false and misleading statements concerning the
Company’s relationship with Digital China Information Service Company Limited
(“Digital China”), a Fortune China 100 company, and concerning the Company’s
future outlook.

The claims in this case arise from the Company’s recent admission that,
contrary to its announcement at the start of the Class Period that it had
entered into a distribution relationship with Digital China, China’s largest
IT solutions provider, in fact it had entered into an agreement with a
different, wholly unrelated entity and as a result, would not achieve the
financial guidance it issued during the Class Period. The Class Period ends on
September 5, 2013, when the Company retracted its third quarter guidance,
primarily due to lower sales in China, explaining in part that:

“The lower than expected sales in China are due to disappointing results from
the company’s distribution relationship in China. The company previously
announced in error that a partnership agreement with Digital China Information
Service Company Limited was entered into on April 30, 2013. However, the
company’s previously announced agreement in China is with Qiyuan Network
System Limited, which the company’s management discovered is neither an
affiliate nor a subsidiary of Digital China Information Service Company
Limited.”

The price of Active Power shares fell from $3.50 to $3.02 on September 6.

Cohen Milstein encourages all investors who purchased Active Power common
stock between April 30, 2013 and September 5, 2013 or former employees with
information concerning this matter to contact the firm.

If you are an Active Power shareholder and would like to discuss your right to
recover for your economic loss, you may, without any cost or obligation, call
Cohen Milstein’s Managing Partner, Steven J. Toll at (888) 240-0775 or (202)
408-4600, or email him at stoll@cohenmilstein.com. If you wish to serve as
lead plaintiff, you must move the Court no later than November 11, 2013 to
request that the Court appoint you as lead plaintiff. A lead plaintiff is a
representative party acting on behalf of other class members in directing the
litigation. To be appointed lead plaintiff, the Court must decide that your
claim is typical of the claims of other class members, and that you will
adequately represent the class. Your share in any recovery will not be
enhanced or diminished by the decision whether or not to serve as a lead
plaintiff. Any member of the proposed class may retain Cohen Milstein Sellers
& Toll PLLC or other attorneys to serve as your counsel in this action, or you
may do nothing and remain an absent class member.

Cohen Milstein Sellers & Toll PLLC has significant experience in prosecuting
investor class actions and actions involving securities fraud. The firm has
offices in Washington, D.C., New York, Chicago, Philadelphia and Palm Beach
Gardens, and is active in major litigation pending in federal and state courts
throughout the nation.

The firm’s reputation for excellence has repeatedly been recognized by courts
which have appointed the firm to lead positions in complex multi-district or
consolidated litigation. Cohen Milstein Sellers & Toll PLLC has taken a lead
role in numerous important cases on behalf of defrauded investors, and has
been responsible for a number of outstanding recoveries which, in the
aggregate, total over one billion dollars. Prior results do not guarantee a
similar outcome. For more information visit www.cohenmilstein.com.

If you have any questions about this notice or the action, or with regard to
your rights, please contact either of the following:

Steven J. Toll, Esq.
Jordan Hill
Cohen Milstein Sellers & Toll PLLC
1100 New York Avenue, N.W.
West Tower, Suite 500
Washington, D.C. 20005
Telephone: (888) 240-0775 or (202) 408-4600
Email: stoll@cohenmilstein.com; jhill@cohenmilstein.com

Attorney Advertising

Contact:

Cohen Milstein Sellers & Toll PLLC
Steven J. Toll, Esq.
888-240-0775 or 202-408-4600
stoll@cohenmilstein.com
or
Jordan Hill
888-240-0775 or 202-408-4600
jhill@cohenmilstein.com
 
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