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2016 Press Releases

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11/30/16P10 Industries Announces Delisting and Deregistration of Common Stock
AUSTIN, TX--(Marketwired - Nov 30, 2016) - P10 Industries, Inc. ( OTC PINK : PIOI) today announced it has filed with the U.S. Securities and Exchange Commission (SEC) a Form 25 ("Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934") to effect the voluntary delisting of the company's common stock from the NASDAQ Capital Market (NASDAQ) and the deregistration of the common stock under Section 12(b) of the Securities Exchange Ac... 
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11/19/16Active Power Begins New Business Model to Support Monetization of Intellectual Property and Create Long-Term Stockholder Value
Company Changes Name to P10 Industries Following Completion of Asset Sale AUSTIN, TX -- (Marketwired) -- 11/19/16 -- Active Power (NASDAQ: ACPW) today announced it is changing its name to P10 Industries, Inc., following the previously disclosed sale of substantially all of its operating assets and liabilities to Piller Power Systems, Inc. (formerly known as Piller USA, Inc.), a subsidiary of Langley Holdings PLC. With the disposition now complete, P10 seeks to maximize long-term stockholder... 
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11/19/16Active Power Sale Complete to Langley Holdings PLC
AUSTIN, TX -- (Marketwired) -- 11/19/16 -- Active Power (NASDAQ: ACPW), the flywheel energy storage specialist, has completed the sale of its business to Piller Power Systems, Inc. ("Piller") pursuant to the Asset Purchase Agreement ("APA") announced Sept. 30, 2016. The deal was approved at a special meeting of stockholders on Nov. 16, 2016. With its installed base of more than 5,000 kinetic energy storage units worldwide, Active Power complements Piller's business perfectly. Piller is the l... 
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11/16/16Active Power Stockholders Vote to Approve Disposition Under Asset Purchase Agreement with Langley Holdings PLC
AUSTIN, TX -- (Marketwired) -- 11/16/16 -- Active Power, Inc., (NASDAQ: ACPW), a manufacturer of flywheel energy storage products and modular infrastructure solutions, today announced the company received stockholder approval of the disposition under the asset purchase agreement ("APA") with Langley Holdings PLC ("Langley") at a special meeting of stockholders held today, Nov. 16, 2016. Under the terms of the APA, Langley will acquire substantially all assets and operations of Active Power, ... 
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09/30/16Active Power Enters Into Asset Purchase Agreement With Langley Holdings PLC
Transaction Unites Flywheel UPS Specialist With World's Largest Rotary UPS Manufacturer AUSTIN, TX -- (Marketwired) -- 09/30/16 -- Active Power (NASDAQ: ACPW) ("Company"), a manufacturer of flywheel energy storage products and modular infrastructure solutions (MIS), today announced that it has signed an Asset Purchase Agreement (APA) with Langley Holdings PLC ("Langley"). Under the terms of the APA, Langley will acquire substantially all assets and operations of Active Power, including the Act... 
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07/26/16Active Power Announces Exploration of Strategic Alternatives
AUSTIN, TX -- (Marketwired) -- 07/26/16 -- Active Power (NASDAQ: ACPW), a manufacturer of flywheel energy storage products and modular infrastructure solutions (MIS), announced today that its board of directors is conducting a review of strategic and financial alternatives to potentially accelerate key growth initiatives and enhance total shareholder value. This process has the goal of identifying the best way to enhance shareholder value. The company has engaged Vinson & Elkins LLP as its... 
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06/15/16Active Power Adopts Tax Benefit Preservation Plan to Preserve Valuable Net Operating Losses
AUSTIN, TX -- (Marketwired) -- 06/15/16 -- Active Power (NASDAQ: ACPW), a manufacturer of flywheel energy storage products and modular infrastructure solutions (MIS) for mission critical applications worldwide, today announced that its board of directors has adopted a Net Operating Loss ("NOL") Shareholder Rights Agreement (the "NOL Rights Plan") designed to preserve its substantial tax assets. As of December 31, 2015, Active Power had U.S. federal and state net operating loss carry-forwards o... 
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04/26/16Active Power Reports First Quarter 2016 Results
AUSTIN, TX -- (Marketwired) -- 04/26/16 -- Active Power (NASDAQ: ACPW), a manufacturer of flywheel energy storage products and modular infrastructure solutions (MIS) for mission critical and renewable applications worldwide, reported results for the first quarter ended March 31, 2016. Highlights First quarter revenues declined sequentially and year-over-year following low bookings in the fourth quarter of 2015 and deliveries of existing orders shifting to later periods ... 
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04/12/16Active Power Sets First Quarter 2016 Conference Call for April 26 at 8:30 a.m. ET
AUSTIN, TX -- (Marketwired) -- 04/12/16 -- Active Power (NASDAQ: ACPW), a manufacturer of flywheel energy storage products and modular infrastructure solutions (MIS) for mission critical and renewable applications worldwide, will hold a conference call on Tuesday, April 26, 2016, at 8:30 a.m. ET to discuss results for the first quarter ended March 31, 2016. Financial results will be issued in a news release prior to the call. What: Active Power First Quarter 2016 Earnings Call Wh... 
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03/01/16Active Power to Present at the 28th Annual ROTH Conference on March 15, 2016
AUSTIN, TX -- (Marketwired) -- 03/01/16 -- Active Power (NASDAQ: ACPW), a manufacturer of flywheel energy storage products and modular infrastructure solutions (MIS) for mission critical and renewable applications worldwide, has been invited to present at the 28th Annual ROTH Conference being held March 13-16, 2016, at the Ritz Carlton in Dana Point, Calif. Active Power management is scheduled to present at 11:00 a.m. Pacific Time on Tuesday, March 15, with one-on-one meetings held throughou... 
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02/23/16Active Power Reports Fourth Quarter and Full Year 2015 Results
AUSTIN, TX -- (Marketwired) -- 02/23/16 -- Active Power (NASDAQ: ACPW), a manufacturer of flywheel energy storage products and modular infrastructure solutions (MIS) for mission critical and renewable applications worldwide, reported results for the fourth quarter and full year ended December 31, 2015. Highlights Total revenue in 2015 increased $8.3 million or 17% to $57.4 million compared to total revenue in 2014 Double digit annual growth in ... 
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02/16/16Active Power Appoints Steven Sams to Board of Directors
IBM Veteran Brings Expertise in Efficient, Sustainable and Resilient Design of Mission Critical Facilities AUSTIN, TX -- (Marketwired) -- 02/16/16 -- Active Power (NASDAQ: ACPW), a manufacturer of flywheel energy storage solutions for mission critical and renewable applications worldwide, today announced its board of directors has named Steven Sams to the company's board effective Feb. 11, 2016. "Steve has extraordinary technology and business expertise, having spent more than 13 years in m... 
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02/09/16Active Power Sets Fourth Quarter and Full Year 2015 Conference Call for February 23 at 8:30 a.m. ET
AUSTIN, TX -- (Marketwired) -- 02/09/16 -- Active Power, Inc. (NASDAQ: ACPW), a global manufacturer of flywheel technology solutions for mission critical and renewable applications, will hold a conference call on Tuesday, Feb. 23, 2016, at 8:30 a.m. ET to discuss results for the fourth quarter and full year ended Dec. 31, 2015. Financial results will be issued in a news release prior to the call. What: Active Power Fourth Quarter and Full Year 2015 Earnings Call When: Tuesday, Feb. 23, 2016,... 
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01/26/16Active Power Announces Retirement of Board Chairman Dr. Ake Almgren
Company Appoints Daryl Dulaney to Board AUSTIN, TX -- (Marketwired) -- 01/26/16 -- Active Power (NASDAQ: ACPW), a manufacturer of uninterruptible power supply (UPS) systems and modular infrastructure solutions (MIS), today announced its board chairman Dr. Ake Almgren has informed the company that he will retire from the board after the company's annual shareholder meeting in 2016. The board is pleased to announce the appointment of Daryl Dulaney to the company's board effective January 20, 20... 
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