2009 News

Pentadyne GTX Flywheel Selected BuildingGreen Top-10 Product for 2009

2009-12-21T15:17:41Z

CHATSWORTH, Calif., Dec. 21, 2009 – Pentadyne Power Corporation, (www.pentadyne.com) the world leader in flywheel energy storage systems, announced the GTX flywheel has been selected as one of BuildingGreen’s Top-10 products of the year by the editors of Environmental Building News and GreenSpec®. This eighth annual award recognizes the most innovative and exciting green building products added to the GreenSpec® Directory during the past year or covered in Environmental Building News.

“Our selections of the Top-10 Green Building Products represent a wide range of product types in many different application areas,” noted GreenSpec BuildingGreen founder and executive editor Alex Wilson. This year’s list is particularly diverse, ranging from a recycled-content concrete block, to a flywheel energy storage system for data centers, a mobile solar generator for job-site power, and an advanced modular classroom for schools. “Many of the Top-10 products this year have multiple environmental attributes,” said Wilson.

“Pentadyne is honored to have our carbon flywheel energy storage system chosen as one of BuildingGreen’s Top-10 Products. This recognition showcases our flywheel’s green and energy efficient benefits. Just one flywheel eliminates 32,000 lbs of toxic lead and sulfuric acid from a facility, while allowing users to significantly increase back-up power reliability and save money,” stated Jeff Colton, Pentadyne’s Sr. Vice President of Sales and Marketing.

The GTX flywheel provides ride-through power and voltage stabilization for large-scale uninterruptible power supply (UPS) systems in facilities such as data centers, hospitals, and casinos. It is designed to provide high power output and energy storage in a compact, self-contained package and offers 25 percent more energy storage than previous models, allowing users to reduce the number of flywheels required. Pentadyne flywheel systems are reliable and environmentally sound alternatives to lead acid batteries which emit greenhouse gasses and dump lead and sulfuric acid into the environment.

BuildingGreen’s Top-10 product selections, as in previous years, are drawn primarily from new additions to the company’s GreenSpec Product Directory. About 200 products have been added to the GreenSpec database during the past year. “New products are being introduced all the time, making it a challenge for our staff to keep up,” said Wilson. The GreenSpec database includes more than 2,100 product listings, representing several times as many actual products.

A big driver in the development of green products continues to be the U.S. Green Building Council’s LEED® Rating System (Leadership in Energy and Environmental Design), which awards points for the use of certain product types or for the energy or water savings that certain green products can achieve. “Designers of LEED buildings are looking for green products, and manufacturers are responding,” said Wilson. In the online version of GreenSpec, users can find products organized by LEED credits.

GreenSpec is the leading national directory of green building products. Products are selected based on criteria developed over the past 17 years. Manufacturers do not pay to be listed in GreenSpec, and neither GreenSpec nor Environmental Building News carry advertising; both are supported by users of the information. “Our policy of not accepting money from product manufacturers allows us to be objective in our review of products,” said Wilson. The GreenSpec product database is also available online as part of BuildingGreen.com.

About Pentadyne Power Corporation
Pentadyne is the leading manufacturer of flywheel energy storage systems used for electrical energy recycling applications and replaces thousands of toxic lead-acid batteries used with UPS systems. Flywheels made by Pentadyne, an Inc. 500 listed company, deliver 20 times greater reliability than batteries, need near-zero maintenance and have a footprint and lifecycle cost less than half that of batteries. Using 90% less power than other flywheels, this environmentally responsible system provides high power output and electrical energy storage in a compact, self-contained package. An ISO-9001-certified company, Pentadyne designs and manufactures its award-winning products in Greater Los Angeles.

Contact:

Amanda O’Brien, Marketing Specialist

818-350-0370 x223

amanda.obrien@pentadyne.com

Pentadyne Ranked Number 110 Fastest Growing Company in North America on Deloitte's 2009 Technology Fast 500

2009-12-31T11:58:36Z

CHATSWORTH, Calif. - Nov. 13, 2009 - Pentadyne Power Corporation (www.pentadyne.com), the world leader in flywheel energy storage systems, today announced that it ranked number 110 on Technology Fast 500™, Deloitte LLP’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.

Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004–2008. Pentadyne grew 1552% during this period. Pentadyne’s CEO, Mark McGough, credits loyal customers as well as the value delivered by Pentadyne’s clean energy storage systems with the company’s 1552% revenue growth over the past five years.

He said, “We are proud to be identified by Deloitte as one of the Technology Fast 500. This is an acknowledgement of the growth Pentadyne has experienced, as well as recognition of the advanced flywheel technology that our company provides. Our growth is a testament to the value our customers have found in Pentadyne’s clean energy storage products.”

“Technology Fast 500™ recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth,” said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. "We congratulate Pentadyne on this accomplishment."

“With its impressive five-year growth, Pentadyne has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America,” said Mark Jensen, Managing Partner, Technology and Venture Capital Services, Deloitte & Touche LLP. “Deloitte is proud to honor Pentadyne for its achievement.”

Pentadyne recently released the GTX flywheel which provides 25% more energy storage than previous models. The GTX stores energy kinetically instead of chemically, eliminating the need for environmentally harmful lead-acid batteries commonly used in UPS (uninterruptible power supply) and rail energy recycling systems.

Overall, Technology Fast 500™ award winners for 2009 had growth rates ranging from 212 to 146,050 percent over five years, with an average growth rate of 2,486 percent.

Technology Fast 500™ Selection and Qualifying Criteria

Technology Fast 500™ provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500™ website, and public company database research conducted by Deloitte. Technology Fast 500™ award winners for 2009 are selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008.

Deloitte’s 2009 Technology Fast 500™

In order to be eligible for Technology Fast 500™ recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues. Using other companies' technology or intellectual property in a unique way does not satisfy this requirement. Consulting companies, professional service firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues. Technology Fast 500™ award eligibility requirements also include base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. These revenues must have more than doubled between 2004 and 2008. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.

About Pentadyne

Pentadyne is the world’s leading manufacturer of flywheel energy storage systems. Pentadyne products provide ride-through power and voltage stabilization for power quality and power recycling applications. Designed to provide high power output and energy storage in a compact, self contained package, Pentadyne flywheel systems are long lasting, low maintenance, lightweight, and environmentally sound alternatives to other energy storage products. This reliable, green energy system is sold by several of the world’s leading transit and power quality manufacturers.

About Deloitte

As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

Contact:

Amanda O’Brien, Marketing Specialist

818-350-0370 x223

amanda.obrien@pentadyne.com

Pentadyne Acquires TGT Energy Ltd. Flywheel Technology for Rail and Energy Recycling Applications

2009-11-19T15:12:23Z

CHATSWORTH, Calif. –Nov. 19, 2009- Pentadyne Power Corporation, the world leader in flywheel electrical energy storage systems, announced that Pentadyne has recently completed an exclusive Technology License and Transfer Agreement with the UK firm TGT Energy Ltd. to license, acquire and transfer flywheel technology for rail and energy recycling applications. Pentadyne and TGT have been working together since 2007 under a separate agreement and desired to affect a formal transfer of license and technology to Pentadyne.

Pentadyne has acquired the only flywheel system technology proven in wayside rail operations at the New York Metropolitan Transit Authority (NYMTA) and Paris, Lyon, and London Metros. The NYMTA recently tested and successfully demonstrated the technology, now branded PowerBlock™, on a NYC Transit test track on the Far Rockaway line near JFK International Airport. Another Pentadyne PowerBlock™ project is currently underway for the NYMTA’s Long Island Railroad. The NYMTA is North America’s largest transit authority, providing 2.6 billion passenger trips each year —about one in every three users of mass transit in the United States and two-thirds of the nation's rail riders.

The Pentadyne PowerBlock™ flywheel technology is an environmentally responsible carbon-fiber flywheel energy storage system. When connected to the rail power network, the PowerBlock™ system will absorb braking energy from slowing trains and then recycle that energy back for train acceleration. The concept is similar to that used by hybrid cars, but Pentadyne’s hazmat-free flywheel technology is far more rugged and energy efficient than hazardous chemical batteries used in hybrid cars.

Pentadyne’s improved version of the original high-duty-cycle flywheel will capitalize on Pentadyne’s extensive commercial experience in the design and manufacture of highly reliable, safe and energy efficient flywheel technology. This new technology will expand the companies product line and enhance Pentadyne’s position as the leader in advanced flywheel technology.

Dr. Kelvin Schneider, co-founder and director of TGT, also welcomed this agreement and endorsed Pentadyne’s status as the “market leader in flywheel technology”.

Pentadyne Vice President, Business Development Chandler Williamson cited this new project as an important strategic acquisition for Pentadyne. Mr. Williamson said, “This flywheel technology is a key technology acquisition and proven product for the growing rail market at a time when transit agencies are looking for ways to operate more efficiently, sustainably and reduce their carbon footprint. We are pleased to have entered into this agreement with TGT and to have the opportunity to work with the team that demonstrated this technology for key international transit agencies including NYMTA, London, Paris and Lyon Metros.”

About Pentadyne Power Corporation
Pentadyne is the leading manufacturer of flywheel energy storage systems used for electrical energy recycling applications and replaces thousands of toxic lead-acid batteries used with uninterruptible power supply (UPS) systems. Flywheels made by Pentadyne, an Inc. 500 listed company, deliver 20 times greater reliability than batteries, need near-zero maintenance and have a footprint and lifecycle cost less than half that of batteries. Using 90% less power than other flywheels, this environmentally responsible system provides high power output and electrical energy storage in a compact, self-contained package. An ISO-9001-certified company, Pentadyne designs and manufactures its award-winning products in Greater Los Angeles.

About TGT Energy Ltd.
TGT Energy Ltd (TGT) was formed by members of the management team of a former UK firm which performed the KESS design, manufacture and marketing of flywheel energy storage systems. TGT acquired the rights to the KESS technology from this former UK firm. TGT has continued to promote and develop the use of high speed flywheel systems in a number of markets which benefit from high duty cycle energy storage. These include urban rail, renewable energy and satellite systems. Through its partners and associates, TGT has a unique combination of technical and marketing skills covering the design, development, testing and use of flywheel energy storage systems across a diverse range of applications. As befits the team which led the UK firm’s KESS ground-breaking projects, it brings particular expertise to the field of urban rail systems.

Contact:
Chandler Williamson
Vice President of Business Development
(818) 350-0370 ext. 207
chandler.williamson@pentadyne.com

Pentadyne Power Corporation Named a Global Cleantech 100 Clean Technology Company

2009-12-11T14:42:53Z

Recognized by the Guardian and Cleantech Group for potential and likelihood to achieve high growth and high market impact

CHATSWORTH, Calif. – Dec. 11, 2009- Pentadyne Power Corporation (www.pentadyne.com), a world leader in flywheel energy storage systems, announced it has been named a Global Cleantech 100 company by Guardian News and Media and Cleantech Group™, LLC, providers of leading research, events and advisory services for the cleantech ecosystem.

The Global Cleantech 100 is the first ever list highlighting the most promising private clean technology companies around the world. Supported by the Carbon Trust, the Global Cleantech 100 recognizes companies at the forefront of cleantech innovation offering solutions to some of the world’s most pressing environmental challenges.

The final list represents the collective opinion of hundreds of leading experts from cleantech innovation and venture capital companies in EMEA, North America, India and China, combined with the specific input of an expert panel of 35, drawn from well-respected organizations such as Altira Group, Crossover Advisors, Deloitte, Emerald Technology Ventures, Google, Kleiner Perkins Caulfield & Byers, New York Stock Exchange, NGEN Partners, Nth Power, New Enterprise Associates, Sterling Communications, Tsing Capital and Vantage Point Venture Partners.

The panel’s views were combined with insights from the Cleantech Network™, the de facto industry association of international clean technology investors, entrepreneurs, large corporations and other industry insiders. Some 3,500 companies were nominated/considered.

“The first ever Global Cleantech 100 shines a spotlight on which companies and which technology areas the global innovation community is most excited about from a commercial standpoint,” said Richard Youngman, managing partner at Cleantech Group.

“We’re very excited to receive this recognition from the Guardian and Cleantech Group,” said Pentadyne President and CEO, Mark McGough. “Especially on the heels of winning a landmark flywheel energy recycling rail project for New York City. As a clean technology company, we provide green, hazmat-free flywheel technology that offers real bottom-line benefits to our customers, as well as tremendous benefits to the environment. The 2.4 megawatt energy recycling system that the Metropolitan Transit Authority of New York will be installing will be used to capture, store and reuse braking energy of trains. We are confident that many more electric rail facilities will follow.”

“Pentadyne’s recycling system capitalizes on the company’s extensive commercial experience, which is exactly why Pentadyne was chosen as a Global Cleantech 100 company,” stated Edward Forwood, Pentadyne Chairman and Managing Director of Loudwater Partners in London. “We have taken our proven flywheel technology and created an extremely rapid and efficient energy recycling and storage version for electric rail applications.”

Pentadyne Power Corporation received the award on the basis of its design and manufacture of sustainable, environmentally responsible flywheel energy storage systems. Pentadyne’s clean energy flywheels store energy kinetically instead of chemically, eliminating the need for environmentally harmful lead-acid batteries commonly used in uninterruptible power supply (UPS) systems, as well as for rail energy recycling systems.

More than half (56) of the companies listed on the Global Cleantech 100 are headquartered in North America, while European firms make up 36 percent. Five firms are based in Israel and three in India.

About Pentadyne Power Corporation

Pentadyne is the leading manufacturer of flywheel energy storage systems used for electrical energy recycling applications and replaces thousands of toxic lead-acid batteries used with uninterruptible power supply (UPS) systems. Flywheels made by Pentadyne, an Inc. 500 listed company, deliver 20 times greater reliability than batteries, need near-zero maintenance and have a footprint and lifecycle cost less than half that of batteries. Using 90% less power than other flywheels, this environmentally responsible system provides high power output and electrical energy storage in a compact, self-contained package. An ISO-9001-certified company, Pentadyne designs and manufactures its award-winning products in Greater Los Angeles.

Contact:

Amanda O’Brien, Marketing Specialist

818-350-0370 x223

amanda.obrien@pentadyne.com

Pentadyne Introduces Next Generation Flywheel With 25% More Energy Storage

2009-10-01T15:46:47Z

CHATSWORTH, Calif. – Oct.1, 2009, Pentadyne Power Corporation (www.pentadyne.com), a world leader in flywheel clean energy storage systems, introduced the next generation in flywheel technology for uninterruptible power supply (UPS) systems. The new flywheel, branded GTX, delivers 25% more energy storage than previous models. The 25% increase in energy storage allows UPS customers to reduce the number of flywheels and the cost needed to bridge the gap between utility power losses and transition to a back-up generator system.

“The Pentadyne GTX flywheel technology is unique in that our flywheel operates with no bearings and no vacuum pump, making the GTX flywheel highly reliable and virtually maintenance free. GTX is at least 10X more reliable than lead-acid batteries in delivering the energy needed to support mission-critical loads while engaging the back-up generator system,” said Pentadyne Chief Technical Officer, Claude Kalev.

“The GTX is spectacularly green compared to hazardous lead-acid batteries often used in bridge to generator applications. Our GTX flywheel provides users with the rare opportunity to save money by going green. A Pentadyne GTX flywheel system can pay back in as quickly as 3 years, and then generate substantial savings for each of the remaining 17 years of its life,” said Senior VP of Sales and Marketing, Jeffrey Colton. Lead-acid batteries often need to be replaced every 3 to 4 years and as their name indicates, introduce substantial amounts of the heavy metal lead and sulfuric acid into our environment. The GTX flywheel completely eliminates lead-acid battery environmental damage while saving the end user substantial amounts of money.

GTX is ideally suited for supporting hospital, data center and casino mission critical load applications. The flywheel uses about one quarter of the valuable space that batteries require and can operate in a wide temperature range.

About Pentadyne Power Corporation

Contact:
Jeff Colton, Senior VP of Sales and Marketing

818-350-0370 x211
jeff.colton@pentadyne.com

www.pentadyne.com

2009 Press Releases

2009-12-21T15:21:22Z

SUBSCRIBE TO RSS FEED

Pentadyne GTX™ Flywheel Selected BuildingGreen Top-10 Product for 2009

Dec. 21, 2009

Pentadyne Power Corporation Named a Global Cleantech 100 Clean Technology Company

Dec. 11, 2009

Pentadyne Acquires TGT Energy Ltd. Flywheel Technology for Rail and Energy Recycling Applications

Nov. 19, 2009

Pentadyne Ranked Number 110 Fastest Growing Company in North America on Deloitte's 2009 Technology Fast 500

Nov. 13, 2009

Pentadyne Introduces Next Generation Flywheel With 25% More Energy Storage

Oct. 1, 2009

Pentadyne Achieves Record Bookings Backlog

Sept. 2, 2009

Pentadyne Wins Landmark Flywheel Energy Recycling Rail Project for New York City

Aug. 13, 2009

Pentadyne Achieves Record Bookings Backlog

2009-09-07T23:41:02Z

CHATSWORTH, Calif. -- Pentadyne Power Corporation, a world leader in flywheel energy storage systems, announced that it has achieved a record backlog of new orders, with recent bookings pushing totals to nearly $10 million.

“An important element of Pentadyne’s recent success has been our ability to diversify into new markets, such as the growing mass transit application, where we recently announced a major win in New York City,” said Pentadyne President and CEO Mark McGough. “In addition to this new market penetration in the energy recycling market, extending our leadership in flywheel technology for such applications, we see continued success with multiple repeat orders via our existing UPS sales channels.”

“The superior performance and reliability of our VSS+DC clean energy storage flywheel systems over other competing flywheel designs and other energy storage technologies was the overriding factor in Pentadyne being awarded yet another order for what we believe is the world’s largest flywheel energy storage deployment program,” added Dick Newark, Pentadyne’s Chief Operating Officer.

Pentadyne flywheels store energy kinetically instead of chemically, delivering stable, reliable DC voltage for energy recycling and power continuity applications. Pentadyne’s unique reliability-centered design provides an order of magnitude greater reliability than batteries, needs near-zero maintenance and offers a footprint and lifecycle cost less than half that of hazardous lead-acid batteries commonly used in such applications.

About Pentadyne Power Corporation
Pentadyne is a leading manufacturer of flywheel energy storage systems for energy recycling applications and to replace hundreds of lead-acid batteries used with large-scale uninterruptible power supply (UPS) systems. Using 90% less power than other flywheels, this sustainable and environmentally responsible system is sold by several of the world’s leading UPS manufacturers. An ISO-9001-certified company, Pentadyne designs and manufactures its award-winning products in Greater Los Angeles.

Contact:
Jeff Colton, Senior VP of Sales and Marketing
818-350-0370
jeff.colton@pentadyne.com

Pentadyne Wins Landmark Flywheel Energy Recycling Rail Project for New York City

2009-09-09T08:58:40Z

CHATSWORTH, Calif. -- Pentadyne Power Corporation, a world leader in flywheel energy storage systems, announced that the Metropolitan Transit Authority of New York will use Pentadyne as the supplier of a 2.4 megawatt energy recycling system that will be used to capture, store and reuse braking energy of trains on a station of the Long Island Railroad.

The MTA oversees all of New York City’s world-renowned subways, commuter trains and buses. It is North America’s largest transit authority, providing 2.6 billion passenger trips each year — the equivalent of about one in every three users of mass transit in the United States and two-thirds of the nation's rail riders.

The pilot project has major financial support from the New York Power Authority, which selected Pentadyne as the supplier.

The project will involve an array of sustainable, environmentally responsible carbon-fiber flywheel systems that capture and store braking energy from slowing trains, then reuse that energy for acceleration.

The concept is similar to that used by hybrid cars, but the hazmat-free flywheel technology is far more rugged and energy efficient than hazardous chemical batteries used in hybrid cars.

The NYCMTA and NYPA thoroughly evaluated a variety of flywheels, chemical ultracapacitor systems and batteries for this new project. They selected Pentadyne to provide a new and improved high-duty-cycle flywheel system based on a demonstration system that exceeded expectations in extensive NYCMTA tests performed several years ago.

Pentadyne’s new and improved version of the original high-duty-cycle flywheel will capitalize on Pentadyne’s extensive commercial experience in the design and manufacture of highly reliable, safe and energy efficient flywheel technology.

Pentadyne President & CEO Mark McGough cited this new project as a milestone for the company: “This will be our first deployment in the rail market, and we couldn’t be more gratified that the nation’s largest MTA chose Pentadyne for this landmark project. We are confident that this will lead to many other projects with the MTA of New York City and with other electric rail facilities throughout the nation and abroad.”

About Pentadyne Power Corporation
Pentadyne is a leading manufacturer of flywheel energy storage systems used for energy recycling applications and to replace hundreds of lead-acid batteries used with large-scale uninterruptible power supply (UPS) systems. Flywheels made by this Inc. 500 listed company deliver an order of magnitude greater reliability than batteries, need near-zero maintenance and have a footprint and lifecycle cost less than half that of batteries. Using 90% less power than other flywheels, this sustainable and environmentally responsible system is sold by several of the world’s leading UPS manufacturers. An ISO-9001-certified company, Pentadyne designs and manufactures its award-winning products in Greater Los Angeles.

Contact:
Jeff Colton
Senior VP of Sales and Marketing
(818) 350-0370
Email: jeff.colton@pentadyne.com