Active Power CFO and Vice President of Finance Resigns

Active Power, Inc.

has announced the resignation of John Penver as chief financial officer and vice president of Finance. To ensure a smooth transition of duties, Mr. Penver will continue to serve in his role through Oct. 31, 2012. In the interim, Active Power has initiated a search for a new CFO. "John has been instrumental in the growth of Active Power since coming on board in 2005," said Doug Milner, president and CEO, at Active Power. "We want to thank John for his efforts and contributions to the business and wish him the very best in his new endeavors."