DALLAS, April 27, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Beacon Power Corp. (Nasdaq:BCON). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/ads/BCON
Beacon Power Corp. (BCON) is a development stage company operating with its subsidiaries to design, manufacture and operate flywheel-based energy storage systems. The focus of its research and development has been to establish flywheel-based energy storage technologies that can provide energy solutions for the worldwide electricity grid.
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In the report, the analyst notes:
"For the fiscal year ended December 31, 2009, BCON reported revenue of $926,000 and a net loss of $19.1 million, or ($0.16) per share, compared with revenue of $68,000 and a net loss in 2008 of $23.6 million, or ($0.26) per share. During 2009, BCON earned revenue from frequency regulation service provided through an ISO-NE pilot program that began in November 2008, and from its research and development contracts.
"At the core of BCON's flywheel is a carbon-fiber composite rim, supported by a metal hub and shaft and with a motor/generator mounted on the shaft. Together the rim, hub, shaft and motor/generator assembly form the rotor. When charging (or absorbing) energy, the flywheel's motor acts like a load and draws power from the grid to accelerate the rotor to a higher speed."
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