The Company designs, manufactures and markets power products that provide consistent, reliable and cost-effective ride through, or temporary, power for the majority of power disturbances, such as voltage sags and surges.
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Closed and re-opened to more accurately reflect my start price for a longer term hold.
Have as much as I want and maybe a little extra, so I won't be buying more, but may sell some if it goes up significantly.
Will be posting a blog on this after their annual report.
It is a good company, with good products, that has just taken some time to get profitable.
JMO and worth exactly what I am charging for it.
ACPW signed a new sales and distribution agreement with Caterpillar, for 5 more years.
Here is a link to the Business Wire news release on Yahoo.
http://finance.yahoo.com/news/Active-Power-Renews-Global-bw-1693852956.html?x=0
This company is well worth taking an indepth look at.
JMO and worth exactly what I am charging for it.
Here is a link to an article on Yahoo Financial about a new share offering.
http://finance.yahoo.com/news/active-power-announces-9-7-220000033.html
This will result in some dilution, but provides them with needed working capital to get to profitability.
The shares were sold directly to two of their current institutional investors at $0.68, which is close to recent share prices.
I view this as a positive development.