29.07.05

29.7.2005: Meldung: Beacon Power Announces Election of New Board Member

Beacon Power Corporation, a company that designs and develops advanced products for electric power and grid voltage and frequency regulation, today announced that Lisa W. Zappala was elected to Beacon"s Board of Directors on July 21, 2005. In addition to her Board duties, Ms. Zappala will also serve on the Audit Committee.

Ms. Zappala, currently an independent consultant, was formerly senior vice president, treasurer and CFO of Aspen Technology, Inc., then a $300-million publicly traded software and services company, where she worked for more than ten years. While at Aspen Technology, Ms. Zappala helped complete successful public and private equity fundraising rounds totaling over $400 million, and more than a dozen acquisitions.

Ms. Zappala also serves on the board of Amicas, Inc., a publicly traded software company, as well as another privately held company. Prior to Aspen Technology, she practiced public accounting as a CPA at Arthur Andersen & Co. for more than 11 years.

Ms. Zappala received a one-time grant of options to purchase 100,000 shares of Beacon"s common stock. The options vest daily over 132 days, through November 30, 2005, and have an exercise price equal to the stock"s market value on the date of grant.

About Beacon Power

Beacon Power Corporation designs sustainable energy storage and power conversion solutions that would provide reliable electric power for the utility, renewable energy, and distributed generation markets. Beacon"s Smart Energy Matrix is a design concept for a megawatt-level, utility-grade flywheel-based energy storage solution that would provide sustainable power quality services for frequency regulation, and support the demand for reliable, distributed electrical power. Beacon is a publicly traded company with its research, development and manufacturing facility in the U.S. For more information, visit www.beaconpower.com.

For more information, please contact James Spiezio, Chief Financial Officer; phone 978.694.9121; fax 978.694.9127; email spiezio@beaconpower.com; or write to Beacon Power Corporation, 234 Ballardvale Street, Wilmington, MA 01887
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