Active Power Announces Proposed Public Offering of Common Stock
AUSTIN, TX -- (Marketwired) -- 02/25/14 -- Active Power, Inc.
(NASDAQ: ACPW), a manufacturer of uninterruptible power supply (UPS)
systems and modular infrastructure solutions, announced it intends to
offer, subject to market and other conditions, newly issued shares of
its common stock (the "Offering") in an underwritten public offering
under an effective shelf registration statement on file with the
Securities and Exchange Commission. The final terms of the Offering
will depend on market and other conditions at the time of pricing.
The Company expects to use the net proceeds from the Offering for
working capital and other general corporate purposes.
Roth Capital Partners is serving as the sole manager for the
Offering. The Offering of the shares of common stock may be made only
by means of a preliminary prospectus supplement and the accompanying
prospectus, copies of which can be obtained at the SEC's website at
http://www.sec.gov or Roth Capital Partners, 888 San Clemente,
Newport Beach, California 92660, (800) 678-9147, or by writing or
calling the Company at 2128 W. Braker Lane, BK 12, Austin, Texas
78758, Attention: Jay Powers, Chief Financial Officer, (512) 836-6464
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities in this Offering.
There shall not be any sale of these securities in any state or
jurisdiction in which such Offering, sale, or solicitation would be
unlawful prior to registration or qualification under the securities
laws of any such state or jurisdiction.
About Active Power
Founded in 1992, Active Power (NASDAQ: ACPW)
designs and manufactures uninterruptible power supply (UPS) systems
and modular infrastructure solutions that enable data centers and
other mission critical operations to remain 'on' 24 hours a day,
seven days a week. The combined benefits of its products' power
density, reliability, and total cost of ownership are unmatched in
the market and enable the world's leading companies to achieve their
most forward thinking data center designs. 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,
that support the deployment of systems in more than 50 countries. For
more information, visit www.activepower.com.
Cautionary Note Regarding Forward-Looking Statements
contains forward-looking statements about the proposed Offering and
the use of the Offering proceeds 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
stock market conditions and our ability to complete the Offering on
acceptable terms. Please refer to Active Power filings with the
Securities and Exchange Commission for more information on the risk
factors that could cause our 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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