9.2.2006: Meldung: Beacon Power Hires New Marketing and Sales Director

Beacon Power Hires Energy Industry Veteran for New Marketing and Sales Role

Wilmington, Mass., Feb. 07, 2006

Beacon Power Corporation, a company that designs and develops advanced products and services to support more stable and reliable electricity grid operation, has announced that Chet Lyons has been hired as director of marketing and sales. Lyons, who brings more than 20 years of energy industry experience to the newly created position, was most recently director of marketing and strategic planning for Evergreen Solar, Inc.

"We"re very pleased to add Chet Lyons to the Beacon team," said Bill Capp, Beacon president and CEO. "As director of marketing and sales he"ll be responsible for identifying other applications and business opportunities for our products, including the new Smart Energy 25 flywheel that we"re developing now for frequency regulation. His proven experience in both the utility and renewable energy industries, coupled with a track record of successfully commercializing advanced energy technologies, will serve Beacon well as we expand our sales activities and build a market presence."

Prior to Evergreen Solar, Lyons was vice president of corporate strategic marketing at American Superconductor, where his efforts contributed to the company"s successful launch of the SuperVAR dynamic synchronous condenser, the world"s first commercial application of superconducting wire on a utility grid. Lyons has more than a decade of earlier experience working with electric power utilities in strategy development, business planning, product commercialization, and the creation of joint ventures and subsidiaries in the U.S. and abroad. Earlier in his career he helped plan, launch and manage Johnson Controls" energy services performance contracting business. Lyons has a B.A. in Environmental Studies from the University of California at Berkeley, and an MBA from Boston University School of Management.

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.

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: Material contained in this press release may include statements that are not historical facts and are considered "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Beacon Power Corporation"s current views about future events and financial performances. These forward-looking statements are identified by the use of terms and phrases such as "believe," "expect," "plan," "anticipate," and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Beacon Power Corporation"s expectation. These factors include: a short operating history; a history of losses and anticipated continued losses from operations; a need to raise additional capital combined with a questionable ability to do so; conditions in target markets; no experience manufacturing any product on a commercial basis; limited commercial contracts for sales to date; the dependence of sales on the achievement of product development and commercialization milestones; the uncertainty of the political and economic climate of any foreign countries into which Beacon hopes to sell or in which it operates, including the uncertainty of enforcing contracts and the potential substantial fluctuation in currency exchange rates in those countries; significant technological challenges to successfully complete product development; dependence on third-party suppliers; intense competition from companies with greater financial resources; possible government regulation that would impede the ability to market products; possible product liability claims and the negative publicity which could result; any failure to protect intellectual property; the possible need in the future to hire and retain key executives, particularly in light of the substantial workforce reductions during 2001 and 2002; the recent volatility in the stock price of companies operating in the same sector. These factors are elaborated upon and other factors may be disclosed from time to time in Beacon Power Corporation"s filings with the Securities and Exchange Commission. Beacon Power Corporation expressly does not undertake any duty to update forward-looking statements.

Source: Beacon Power Corporation
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