This release may contain forward-looking statements 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 delays in new product development, product performance and quality issues and the acceptance of our current and new products by the power quality market. Please refer to Active Power filings with the Securities and Exchange Commission for more information on the risk factors that could cause 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 respective companies.
Active Power (NASDAQ: ACPW), manufacturer of critical backup power systems and continuous infrastructure solutions today announced it has hired Noel Foley as vice president of Engineering. Foley will lead the team of engineers and developers responsible for the design and implementation of the company’s uninterruptible power supply (UPS) systems and continuous power and infrastructure solutions. “Noel’s addition to the team is a strategic investment in our engineering organization,” said Jan Lindelow, interim president and CEO, Active Power. “His leadership and our corporate focus on this key enabling function are critical in growing Active Power’s position in the market as a technology and solutions leader. Noel’s proven track record of developing innovative power solutions in domestic and international markets will be an important contributor to the company’s success.” “Active Power has substantial and impressive intellectual property which we believe we can continue to build upon, further substantiating our market position as a technology leader in the UPS and continuous power and infrastructure space,” said Foley. “Our goal is to ensure Active Power maintains the pace of innovation required to continue leading the market with compelling products and solutions.” Foley brings a tremendous amount of hands on experience in design and engineering management, program management, and product development to Active Power. Most recently, Foley served as vice president of Engineering for SolarBridge Technologies, a provider of integrated microinverter technologies for the solar industry where he led the engineering organization to deliver on the introduction of a new product category in the solar technology market. He has also held leadership positions at Dell Computer and Lucent Technologies in the power supply and design areas. Foley holds a bachelor’s degree in Electrical Engineering from University College Cork in Ireland and a master’s in Business Administration from Boston College. About Active Power Founded in 1992, Active Power (NASDAQ: ACPW) designs and manufactures continuous power solutions and critical backup power systems that enable datacenters and other mission critical operations to remain ‘on’ 24 hours a day, seven days a week. Active Power solutions are intelligently efficient, inherently reliable and economically green, providing environmental benefits and energy and space efficiencies to customers’ financial benefit. 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 four regional operations centers located in the United Kingdom, Germany, Japan and China, supporting the deployment of systems in more than 40 countries. For more information, visit www.activepower.com. Cautionary Note Regarding Forward-Looking Statements