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Active Power files definitive proxy materials for reverse stock split

Active Power has filed today definitive proxy materials with the SEC regarding its plans to effect a 5-for-1 reverse split of the company's outstanding and authorized common and preferred stock. As described in the proxy materials, Active Power will hold its special shareholders meeting at the company's headquarters in Austin, Texas, on Dec. 17, at 9:00 a.m. central time to consider approval of the reverse split. Shareholders of record on Nov. 12, will receive notice of the special meeting and are entitled to vote at the meeting.