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May 14, 2007, 6:22 a.m. EDT

Active Power pegs stock-option expense at $2.82 million

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By Mike Maynard

WASHINGTON (MarketWatch) -- Active Power Inc. said it's recorded additional stock-based compensation expense totaling $2.82 million in restating financial results for years 2001 through 2005 as well as certain quarterly periods for 2005 and 2006. In making its 10-K filing for 2006, the Austin, Tex.-based company said the additional expense was recorded as a result of Active Power's investigation into its stock-option grant practices for the years between 2000 and 2006. The company added that it's now completed the stock-options inquiry. Upon the anticipated May 15 filing of its 10-Q for the March 31 quarter, Active Power said it believes that it will be current in its reporting obligations with the Securities and Exchange Commission and will have satisfied all of the conditions needed for the continued listing of its common stock on the Nasdaq Global Market.

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