9.6.2005: Meldung: Beacon Power Corporation Delivers Flywheel-Based Power System to Bechtel Bettis, Inc.
Wednesday June 8, 10:37 am ET
Company Will Also Speak at IEEE Electric Ship Technologies Symposium in July
WILMINGTON, Mass.-- June 8, 2005-- Beacon Power Corporation (NASDAQ: BCON - News), a company that designs and develops advanced products for electric power and grid voltage and frequency regulation, announced that it has delivered a flywheel-based power system to Bechtel Bettis, Inc., under a contract that it announced in March 2005. The demonstration system, built using a Smart Energy 6 flywheel, is designed to provide a high cycle-life, reliable source of stored energy for a number of potential applications.
"This system we"ve delivered to Bechtel Bettis is an example of our strategy to address additional market opportunities beyond our primary business focus of providing advanced technology solutions for electric power systems," said Bill Capp, Beacon Power president and CEO. "We continue to seek ways to leverage Beacon technology as a viable alternative to conventional, non-sustainable energy storage. With this system in the hands of users who will evaluate its performance, we hope to both learn from their feedback and establish ourselves as a capable supplier."
Beacon Power also announced that it will present a paper, co-authored with personnel from the Naval Surface Warfare Center, entitled "Flywheel Energy Storage for Electric Start and an All-Electric Ship," at the IEEE Electric Ship Technologies Symposium in Philadelphia on July 27, 2005. The U.S. Navy"s Electric Ship program is focused on development of next-generation vessels that make use of an integrated power system able to support more demanding electrical loads as well as reduce crew size and free up shipboard space. Beacon believes that there may be interest in its flywheel products for such applications because of certain inherent advantages over batteries, including long life, the ability to charge and discharge many thousands of times, the absence of hazardous materials and reduced maintenance requirements.
About Bechtel Bettis, Inc.
Bechtel Bettis, a Bechtel subsidiary, manages and operates the U.S. Navy Nuclear Propulsion Program"s Bettis Atomic Power Laboratory for the U.S. Department of Energy. Bechtel is a global engineering-construction organization that provides premier technical management and directly related services to develop, engineer, build and operate installations for customers worldwide.
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 email@example.com; or write to Beacon Power Corporation, 234 Ballardvale Street, Wilmington, MA 01887.
Beacon Power Corporation
James Spiezio, 978-694-9121
Source: Beacon Power Corporation