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| Beacon Power Corporation |
| 6D Gill Street, Woburn, MA 01801 * (781) 938-9400 |
| Business Description | The company is a leading designer and developer of flywheel energy storage systems that will provide highly reliable, high-quality, uninterruptible electric power for communications networks, computers, the Internet, industrial manufacturing, commercial facilities and distributed generation applications. |
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Filing Information Not yet | |||
| To Trade As | BCON (NASNTL) | Industry | Utilities (SIC 4911) |
| Type of Stock Offered | Common Shares | Filing Date | 8/9/00 |
| Domestic Shares Filed | 8,000,000 | Filing Range | $11.00 - $13.00 |
| Foreign Shares Filed | 0 | Offering Amount | $96,000,000 |
| Company Shares | 8,000,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 38,517,042 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Salomon Smith Barney | Lead Manager | (212) 723-7300 |
| Banc of America Securities LLC | Co-manager | (415) 627-2100 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/97 | 12/31/98 | 12/31/99 | 3/31/99 | 3/31/00 | ||
| Revenues | - | - | 0.232 | 0.000 | 0.269 | 0.033 | 0.000 |
| Income from Oper. | - | - | -3.228 | -4.790 | -5.340 | -1.191 | -2.894 |
| Net Income | - | - | -3.111 | -4.793 | -5.672 | -1.184 | -3.019 |
| E.P.S | - | - | - | - | -0.840 | - | -0.430 |
| Revenue Growth (%) | - | - | -100.00 | - | -100.00 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -4.84 | -1.38 | -1.43 | ||||
| Cash Flow - Inv. | -0.46 | -0.05 | -0.17 | ||||
| Cash Flow - Fin. | 3.04 | -0.02 | 1.76 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/00 | Financial Ratios | ||||
| Total Assets | 1.33 | Current Assets | 0.43 | Current Ratio | 0.17 |
| Total Liab. | 13.05 | Current Liab. | 2.59 | Debt Ratio | 977.62% |
| Total Equity | -11.71 | Working Cap. | -2.16 | Debt to Equity Ratio | - |
| Cash | 0.40 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes, including research and product development, sales and marketing expenses, working capital, capital expenditures and potential acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Edwards & Angell |
| Bank's Law Firm | Cravath, Swaine & Moore |
| Registrar/Transfer Agent | Registrar and Transfer Company, New Jersey |
| Auditor | Deloitte & Touche |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| SatCon Technology Corporation | 33.30 | |
| Perseus Capital L.L.C. | 30.80 | |
| DQE Enterprises, Inc. | 12.20 | |
| Mechanical Technology, Incorporated | 9.80 | |
| GE Capital Equity Investments, Inc. | 9.70 | |
| Micro-Generation Technology Fund, L.L.C. | 8.90 | |
| Beacon Group Energy Investment Fund II, L.P., The | 7.30 | |
| Penske Corporation | 3.20 | |
| Note: represents ownership of 5% or more prior to the offering. | ||