Active Power Names Jim Clishem New CEO

May 14, 2006 by Jeff Shepard

Active Power, Inc. announced that Jim Clishem has been promoted to Chief Executive Officer. Joseph Pinkerton, the company's founder, will continue in his role as Chairman of the Board.

This promotion recognizes the efforts of Mr. Clishem since taking over as President and COO in November 2005, and will afford Mr. Pinkerton greater opportunity to focus on long-range planning. Mr. Clishem will continue concentrating on the day-to-day operations of the business, with an increased emphasis on the company's sales and marketing efforts on a worldwide basis.

Mr. Pinkerton formed the company in 1992 as Magnetic Bearing Technologies, Inc. In 1995 the company began developing a flywheel energy system specifically tailored to meet the needs of the backup power market and was renamed Active Power in 1996. Active Power went public in 2000, and has gone on to forge strong relationships with industry leaders including Caterpillar, GE, and Eaton Powerware. The company's environmentally friendly products have accumulated over 21 million hours of customer runtime in 39 countries.

"I'm pleased with the amount of confidence that our chairman Joe Pinkerton and the board have placed in me," said Jim Clishem. "Active Power is well-positioned to execute upon an expanded product line with a compelling service offering in an evermore energy aware market as a global provider of battery-free power quality solutions. What Joe and his team have built is something to be very proud of, and I look forward to a bright future as we continue with the tradition of excellence for which Active Power has become known."