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Beacon Power Corporation (ticker: BCON, exchange: NASDAQ Capital Market (.O)) News Release -
14-Jan-2002
Beacon Power Installs Its Next Generation 6kWh Flywheel System At WinDBreak Cable
| WILMINGTON, Mass., Jan 14, 2002 (BUSINESS WIRE) -- Beacon Power Corporation
(Nasdaq: BCON), a leading manufacturer of flywheel energy storage systems that
provide highly reliable, high-quality uninterruptible electric power, today
announced the installation of its 6kWh demonstration flywheel unit for WinDBreak
Cable Company, a privately held cable company based in Nebraska. This 36-volt
flywheel will supply back-up power for WinDBreak's Headend, which supplies cable
television and data services to the town of Lyman, Nebraska.
"We are very pleased to have one of Beacon Power's 6 kWh demonstration units
installed on WinDBreak Cable's system. We believe in their technology," said
William D. (Bill) Bauer, president and CEO of WinDBreak. "Three years ago,
WinDBreak Cable provided the first test site for an experimental Beacon Power
flywheel. Since then, we have worked with their engineers to enhance their
units. Our temperature extremes can range from over 100 degrees Fahrenheit on a
summer day to prolonged winter temperatures as low as 10 to 15 degrees
Fahrenheit below zero. A major benefit of the Beacon Power flywheel technology
is its reliability under extreme conditions like these. In addition, flywheels
eliminate the expensive and time-consuming maintenance required by battery
backup systems. Flywheels should last for decades, not just years." WinDBreak
Cable uses the Beacon Power flywheel energy storage systems to ensure steady,
uninterrupted electric power for cable TV and high speed Internet services for
its customers.
"We are pleased to be expanding our technology relationship with WinDBreak
Cable. Bill Bauer is one of the pioneers of the cable industry. As one of our
first customers, WinDBreak Cable embodies the commitment to excellence in
customer service that is aided by our technology," stated Bill Capp, president
and CEO of Beacon Power. "These 6kWh flywheels are well suited for the cable
television market as cable companies upgrade their networks with the latest
video and data services."
About WinDBreak Cable
WinDBreak Cable was formed in 1987 when it was awarded the cable franchise for
Lyman, Nebraska. A second franchise for Harrison, Nebraska was awarded in 1989.
In May 1996, the company added high-speed data cable modems, which it has
operated successfully.
WinDBreak Cable is one of three companies under the direction of Bauer. His
InterTECH Corporation, operates two systems in Colorado, where it delivers high
speed data transmission both via a two-way satellite feed and a one-way delivery
with land-base data return. InterTECH also provides a Customer Help Desk,
technical support, Internet backup and connectivity management services to
WinDBreak Cable.
WinDBreak Cable is a member of Cable Television Laboratories, Inc., also known
as CableLabs(R), a non-profit research and development consortium of cable
television system operators in North and South America. CableLabs plays an
integral research and development role in the telecommunications arena, acts as
a clearinghouse for information on current and prospective technological
developments in the cable industry. Bauer has chaired the high-speed data
working group for CableLabs, and has been active in many of the working groups
and committees.
Bauer is also a member of the Society of Cable Telecommunication Engineers
(SCTE) and recently served on the program sub-committee of its Cable-Tec Expo
2000. SCTE is a nonprofit professional association, founded in 1969, that is
dedicated to advancing the careers and serving the industry of
telecommunications professionals by providing technical training, certification
and standards. Today, more than 16,000 engineers, technical professionals,
installers, and managers depend upon SCTE to deliver the tools they need to
maintain their competitive edge.
About Beacon Power Corporation
Beacon Power Corporation designs, manufactures, and markets advanced flywheel
technology products that provide reliable electric power required by the
information economy. Beacon Power Corporation is the only company to have
developed a flywheel made from proprietary composite materials that can store
and deliver the energy needed for long-duration backup of remote communications
sites. Beacon Power Corporation is initially targeting power quality and
reliability market with products that offer significant advantages over
environmentally hazardous lead-acid battery back-up power systems, including
higher reliability, longer life, reduced maintenance, quicker recharging, remote
monitoring and environmental friendliness.
For more information, please contact Tom Nealon, Director of Investor Relations
at Beacon Power Corporation, 978.694.9121; fax 978.694.9127; email
nealon@beaconpower.com; or write to 234 Ballardvale Street, Wilmington, MA
01887. Visit Beacon Power on the Internet at www.beaconpower.com
Safe Harbor Statements under the Private Securities Litigation Reform Act of
1995:
Material contained in this press release may include statements, which are not
historical facts and are considered "forward-looking" within the meaning of the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements reflect Beacon Power Corporation's current views about future events
and financial performances. These forward-looking statements are identified by
the use of terms and phrases such as "believe," "expect," "plan," "anticipate,"
and similar expressions identifying forward-looking statements. Investors should
not rely on forward-looking statements because they are subject to a variety of
risks, uncertainties, and other factors that could cause actual results to
differ materially from Beacon Power Corporation's expectation, and Beacon Power
Corporation expressly does not undertake any duty to update forward-looking
statements. These factors include Beacon Power Corporation's performance under
its agreements with WinDBreak Cable; Beacon Power Corporation's short operating
history, its history of losses and anticipated continued losses from operations,
its limited experience manufacturing Flywheel Energy Storage Systems on a
commercial basis including the fact that no commercial contracts have been
executed to date the dependence of Beacon Power Corporation's sales on the
achievement of product development and commercialization milestones, the adverse
effect of the uncertainty of the political and economic climate of any foreign
countries into which Beacon Power Corporation sells, including the uncertainly
of enforcing contracts in those countries and the potential substantial
fluctuation in currency exchange rates, significant technological challenges
including the risk of successfully developing the 6kWh Flywheel Energy Storage
Systems or it's successors as well as the commercial viability of flywheel
products Beacon Power Corporation's dependence on third-party suppliers for key
component parts, intense competition from companies with greater financial
resources than Beacon Power Corporation, the risk that government regulation may
impede Beacon Power Corporation's ability to market its products, possible
product liability claims that may or may not result from safety failures of
Beacon Power Corporation's flywheels and the negative publicity which could
result, any failure to protect Beacon Power Corporation's intellectual property,
any failure to hire and retain key executives, the lack of availability of
additional financing, the recent volatility in the stock price of companies
operating in the same sector as Beacon Power Corporation, control by Beacon
Power Corporation's controlling shareholders and the limited ability of other
investors to influence the outcome of matters requiring shareholder approval,
conditions in the communications industry that comprises Beacon Power
Corporation's initial target market, but are not limited to, factors detailed
from time to time in Beacon Power Corporation's filings with the Securities and
Exchange Commission.
CONTACT:
Tom Nealon
Beacon Power Corporation
978-694-9121
nealon@beaconpower.com |
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