Beacon Power Satisfies Trading Requirements

December 5, 2003 [] Beacon Power, which specializes in solar photovoltaic inverters and other sustainable energy devices, said that as of December 1, 2003, it was fully compliant with ongoing listing requirements to remain eligible for trading on the Nasdaq SmallCap Market, including the minimum bid price requirement. The company said the requirement was satisfied on November 28, 2003, which was the tenth consecutive trading day on which the closing bid price for Beacon’s stock was greater than one dollar. Because Beacon now satisfies all Nasdaq listing requirements, the Company’s proposed reverse stock split will not be pursued. The company has just completed initial shipments of their new Smart Power M5 inverter to national distributors.
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