Active Power Regains Compliance with NASDAQ Minimum Bid Price Rule

Tuesday, Aug 10, 2010

Active Power, Inc. (NASDAQ: ACPW) has received notification from the NASDAQ Listing Qualifications department that the company has regained compliance with the $1.00 minimum bid price requirement for continued listing set forth in NASDAQ Listing Rule 5450(a)(1) (the “Minimum Bid Price Rule”).

As previously announced on March 30, 2010, NASDAQ notified Active Power on March 24, 2010, that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Minimum Bid Price Rule. Since the time of such notification, the closing bid price of the company’s common stock has been at $1.00 per share or greater for at least 10 consecutive business days. Accordingly, the company has regained compliance.

Source: Business Wire