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Active Power's CEO Discusses Q3 2011 Results - Earnings Call Transcript

Active Power, Inc. ( ACPW)

Q3 2011 Earnings Call

October 26, 2011 4:30 Pm ET


Jan Lindelow - Interim President and CEO

John Penver - CFO


Shawn Lockman - Piper Jaffray

Dilip Warrier - Stifel Nicolaus

Carter Driscoll - Capstone Investments

Jesse Herrick - Merriman Capital

Walter Nasdeo - Ardour Capital Investments

Henry Levy - Private Investor



Good afternoon, everyone. Thank you for participating in today’s conference call to discuss Active Power’s financial results for the third quarter 2011 ended September 30, 2011. With us today is Jan Lindelow, Interim President and Chief Executive Officer of Active Power; and Mr. John Penver, the company’s Chief Financial Officer. Following their remarks, we will open the call up for questions.

Before I continue, I would like to take a moment to read the company’s Safe Harbor statement. The company’s management on this call may make forward-looking statements that involve risks and uncertainties, including statements relating to Active Power’s current expectations of operating results for the fourth quarter of 2011 and fiscal year 2011, its future operating results, and its customers' current intentions.

Any forward-looking statements and all other statements that maybe made during this call that are not historical facts are subject to a number of risks and uncertainties and actual results may differ materially.

Factors that could cause the actual results to differ material from the results predicted include among others, the deferral or cancellation of sales commitments as a result of the general economic conditions or uncertainties, risks related to our international operations, and product performance and quality issues.

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