Beacon Power Announces Continued Listing With Nasdaq
March 16 2011 - 7:15AM
Beacon Power Corporation (Nasdaq:BCOND), a leading provider of
fast-response energy storage systems and services to support a more
stable, reliable and efficient electricity grid, announced that
Nasdaq has determined to continue the listing of the Company's
securities on The Nasdaq Capital Market. The Company has satisfied
the terms of the Nasdaq Listing Qualifications Panel decision of
December 3, 2010, by complying with the minimum bid price
requirement of $1.00 per share and all other criteria for continued
listing on The Nasdaq Capital Market. Accordingly, the matter is
now closed.
About Beacon Power Corporation
Beacon Power Corporation designs, develops and commercializes
advanced products and services to support stable, reliable and
efficient electricity grid operation. The Company's primary
business strategy is to build merchant plants and sell turnkey
regulation facilities to meet both domestic and international grid
requirements using its patented flywheel energy storage technology.
Beacon's Smart Energy Matrix, which is now in production, operating
and earning revenue, is a non-polluting, megawatt-level,
utility-grade flywheel-based solution to provide sustainable
frequency regulation services. Beacon is a publicly traded company
with its research, development and manufacturing facility in the
U.S. For more information, visit www.beaconpower.com.
CONTACT: Investor Relations Contact:
Chris Witty
Darrow Associates
646-438-9385
cwitty@darrowir.com
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