TYNGSBORO, Mass., May 24, 2010 -- Beacon Power Corporation (NASDAQ: BCON), a company that designs and develops advanced products and services to support more stable, reliable and efficient electricity grid operation, announced that it has signed a $2 million contract with the New York State Energy Research and Development Authority (NYSERDA).
Beacon Power Corporation closed at $0.34 Friday, trading 1,395,800 shares.
Beacon Power and NYSERDA Sign $2 Million Contract in Support of Stephentown Flywheel Plant
About Beacon Power
Beacon Power Corporation designs, develops and is commercializing advanced products and services to support stable, reliable and efficient electricity grid operation. Beacon's Smart Energy Matrix(TM), now in production, is a non-polluting, megawatt-scale, utility-grade, flywheel-based solution designed to provide less expensive, more sustainable, and effective frequency regulation services to the nation's power grid. The Company's business strategy is both to supply frequency regulation services from its own plants and to sell systems directly to utilities or grid operators in parts of North America and selected international markets. Beacon is a publicly traded company with its research, development and manufacturing facility in the U.S. For more information, visit beaconpower.com.
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POMPANO BEACH, Fla., May 24, 2010 -- Cyclone Power Technologies (PINKSHEETS: CYPW) announces an informational meeting for its shareholders to be held at the Company's facility located at 601 NE 26th Ct., Pompano Beach FL 33064, at 9:00am (EDT) on Friday, May 28, 2010.
Cyclone Power Technologies closed at $0.12 Friday, trading 34,200 shares.
Cyclone Power Technologies Announces Shareholder Open House
About Cyclone Power Technologies
Cyclone Power Technologies is the developer of the award-winning Cyclone Engine -- an eco-friendly external combustion engine with the power and versatility to run everything from portable electric generators and garden equipment to cars, trucks and locomotives. Invented by company founder and CEO Harry Schoell, the patented Cyclone Engine is a modern day steam engine, ingeniously designed to achieve high thermal efficiencies through a compact heat-regenerative process, and to run on virtually any fuel - including bio-diesels, syngas or solar - while emitting fewer greenhouse gases and irritating pollutants into the air. Currently in its late stages of development, the Cyclone Engine was recognized by Popular Science Magazine as the Invention of the Year for 2008, and was presented with the Society of Automotive Engineers' AEI Tech Award in 2006 and 2008. Additionally, Cyclone was recently named Environmental Business of the Year by the Broward County Environmental Protection Department. For more information, visit cyclonepower.com.
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