Active Power Completes Major UPS Milestone

October 01, 2002 by Jeff Shepard

Active Power Inc. (Austin, TX) announced that it has successfully demonstrated full power operation of its new 1,200kVA uninterruptible power supply (UPS). Active Power received a $1.0 million payment from Caterpillar Inc. (Peoria, IL) as a result of meeting the technical milestone.

"We are proud to have achieved another on-time development milestone for the higher-power CleanSource® UPS and will continue our pursuit of extending the UPS product line to meet broader market requirements," said Joe Pinkerton, chairman and CEO of Active Power. "With the earlier introduction of the 150kVA product this summer and the 1,200kVA UPS by year-end, our 2002 new product initiatives will double the market opportunity for the CleanSource UPS product line."