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Prospector
Profile
07.1632
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| Beacon Power Corp. |
NAICS |
221100 |
| 234 Ballardvale St.
Wilmington, MA 01887 |
Description |
Power Generation |
| (978) 694-9121 |
Employees |
39 |
| http://www.beaconpower.com/ |
Revenue |
(mil) |
0.9680 |
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Income |
(mil) |
-12.1630 |
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Assets |
(mil) |
7.2580 |
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Liability |
(mil) |
3.3580 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Beacon Power Corp. had a net loss of $2,813,791 for the three months ended September 30, 2007, slightly lower than the $3,165,005 net loss incurred during the three months ended September 30, 2006. For the nine months ended September 30, 2007, the Company had a $8,969,535 net loss, which is lower than the $9,259,257 net loss incurred during the nine months ended September 30, 2006. As a result of its recurring losses, the Company has an accumulated deficit of $159,378,474 as of September 30, 2007.
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Intellectual Property:
The Company holds U.S. patents on its flywheel vacuum system, heat pipe cooling system, output paralleling algorithm, metal hub, low-loss motor, co-mingled rims, earthquake-tolerant bearings and bearing cooling device. In February 2007, the Company received its first foreign patent, in Australia, on a vacuum system, and an additional U.S. patent, on a bearing damper. It also has 15 pending U.S. and foreign patent applications, and several other applications being prepared for filing. The Company holds a perpetual, exclusive, royalty-free, worldwide license from SatCon Technology Corporation to use its flywheel technologies and patents for stationary terrestrial flywheel applications. This license includes 11 issued U.S. patents and 11 U.S. and foreign patent applications that expire on various dates between 2012 and 2021. The license covers SatCon’s technologies and patents and all improvements made by SatCon through November 16, 2000. The Company expects to develop additional intellectual properties and trade secrets as it continues developing additional Smart Energy and Smart Power systems. The Company owns all technology improvements it has developed that are based on the technology licensed from SatCon. [SEC Filing 10-K 03-30-07]
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Description:
The Company designs, develops, configures and expects to begin offering for sale, products and services to support electricity grid operation.
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Officers:
F. William Capp (Pres., CEO & Dir.); James M. Spiezio (VP, Treas., Sec. & CFO); Stephen P. Adik (Dir.); John C. Fox (Dir.); Jack P. Smith (Dir.); Kenneth M. Socha (Dir.); William E. Stanton (Dir.); Lisa W. Zappala (Dir.)
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Auditor:
Miller Wachman LLP
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Securities:
Common Stock-Symbol BCON; NasdaqCM;
88,653,361 common shares outstanding as of November 7, 2007.
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