Beacon Power Appoints Nancy Hawthorne to Board of Directors

Former MediaOne Executive Vice President Also Joins Audit Committee



Apr 10, 2001, 01:00 ET from Beacon Power Corporation

    WILMINGTON, Mass., April 10 /PRNewswire/ -- Beacon Power Corporation
 (Nasdaq:   BCON) a leading manufacturer of flywheel energy storage systems that
 provide highly reliable, high-quality uninterruptible electric power, today
 announced that Nancy Hawthorne has been named to the company's Board of
 Directors and to the Board's Audit Committee.
     Until 1996, Ms. Hawthorne was the Chief Financial Officer of Continental
 Cablevision, Inc., where she was responsible for treasury, merger and
 acquisition, investor relations and accounting functions, and for the
 company's financial strategy and capital-markets activities.  Upon
 Continental's merger with USWest and subsequent renaming as MediaOne, she
 became Executive Vice President.  She left the company in late 1997, when it
 moved its headquarters to Denver.
     "Nancy's expertise in using innovative financing to generate exceptional
 growth in the capital-intensive telecommunications industry will be invaluable
 to Beacon as we continue to focus our growth on that segment of the market and
 expand our presence in the alternative energy and distributed generation
 markets," said Beacon Power President and Chief Executive Officer William E.
 Stanton.  "Her financial and administrative experience will provide tremendous
 value to our Board and to the Audit Committee of the Board."
     Prior to joining Continental, she was a banker at Citibank and Bankers
 Trust Company.  Ms. Hawthorne is currently a private investor and an advisor
 to early-stage companies, including WorldClinic, Inc., whose board she chairs.
 WorldClinic provides health care through the use of both new and established
 telecommunications technologies to executives traveling abroad and to
 expatriates.  In addition, she has consulted from time to time for NASA,
 primarily in the area of private-sector perspectives and methods.  Her not-
 for-profit service includes eleven years of membership on the board of New
 England Medical Center (several as Chair of the Finance Committee) and six
 years of board membership at the Wellesley Centers for Women (the last three
 as Finance Chair).  She is a member of the Business Leadership Council of
 Wellesley College and of the Financial Executives Institute (now Financial
 Executives International), of which she is a past President of the Boston
 chapter.
     Ms. Hawthorne serves on several corporate boards including Avid
 Technology, Inc. (Nasdaq:   AVID), Life F/X, Inc., Perini Corporation
 (AMEX:   PCR), New England Zenith Fund and CGU (formerly Commercial Union).  Ms.
 Hawthorne, a resident of Brookline, Mass., earned her bachelor's degree from
 Wellesley College in 1973 and her MBA from Harvard Business School in 1977.
 
     About Beacon Power Corporation
     Beacon Power Corporation designs, manufactures, and markets advanced
 flywheel technology products that provide reliable electric power required by
 the information economy.  Beacon Power Corporation is the only company to have
 developed a flywheel made from proprietary composite materials that can store
 and deliver the energy needed for long-duration backup of remote
 communications sites.  Beacon Power Corporation is initially targeting this $4
 billion communications segment of the $12 billion power quality and
 reliability market with products that offer significant advantages over
 environmentally hazardous lead-acid battery back-up power systems, including
 higher reliability, longer life, reduced maintenance, quicker recharging,
 remote monitoring and environmental friendliness.
     For more information, please contact Tom Nealon, Director of Investor
 Relations at Beacon Power Corporation, 978.694.9121; fax 978.694.9127; email
 ir@beaconpower.com; or write to 234 Ballardvale Street, Wilmington, MA 01887.
 Visit Beacon Power on the Internet at www.beaconpower.com
 
     Safe Harbor Statements under the Private Securities Litigation Reform Act
 of 1995:
     Material contained in this press release may include statements, which are
 not historical facts and are considered "forward-looking" within the meaning
 of the Private Securities Litigation Reform Act of 1995.  These forward-
 looking statements reflect Beacon Power Corporation's current views about
 future events and financial performances.  These forward-looking statements
 are identified by the use of terms and phrases such as "believe," "expect,"
 "plan," "anticipate," and similar expressions identifying forward-looking
 statements.  Investors should not rely on forward-looking statements because
 they are subject to a variety of risks, uncertainties, and other factors that
 could cause actual results to differ materially from Beacon Power
 Corporation's expectation, and Beacon Power Corporation expressly does not
 undertake any duty to update forward-looking statements.  These factors
 include Beacon Power Corporation's short operating history, its history of
 losses and anticipated continued losses from operations, its limited
 experience manufacturing Flywheel Energy Storage Systems on a commercial basis
 including the fact that no commercial contracts have been executed to date,
 the dependence of Beacon Power Corporation's sales on the achievement of
 product development and commercialization milestones, significant
 technological challenges including the risk of successfully developing the
 2kWh, 4kWh and 6kWh Flywheel Energy Storage Systems as well as the commercial
 viability of each of these flywheel products, Beacon Power Corporation's
 dependence on third-party suppliers for key component parts, intense
 competition from companies with greater financial resources than Beacon Power
 Corporation, the risk that government regulation may impede Beacon Power
 Corporation's ability to market its products, possible product liability
 claims that may or may not result from safety failures of Beacon Power
 Corporation's flywheels and the negative publicity which could result, any
 failure to protect Beacon Power Corporation's intellectual property, any
 failure to hire and retain key executives, the lack of availability of
 additional financing, the recent volatility in the stock price of companies
 operating in the same sector as Beacon Power Corporation, control by Beacon
 Power Corporation's controlling shareholders and the limited ability of other
 investors to influence the outcome of matters requiring shareholder approval,
 conditions in the communications industry that comprises Beacon Power
 Corporation's initial target market, but are not limited to, factors detailed
 from time to time in Beacon Power Corporation's filings with the Securities
 and Exchange Commission.
 
 

SOURCE Beacon Power Corporation
    WILMINGTON, Mass., April 10 /PRNewswire/ -- Beacon Power Corporation
 (Nasdaq:   BCON) a leading manufacturer of flywheel energy storage systems that
 provide highly reliable, high-quality uninterruptible electric power, today
 announced that Nancy Hawthorne has been named to the company's Board of
 Directors and to the Board's Audit Committee.
     Until 1996, Ms. Hawthorne was the Chief Financial Officer of Continental
 Cablevision, Inc., where she was responsible for treasury, merger and
 acquisition, investor relations and accounting functions, and for the
 company's financial strategy and capital-markets activities.  Upon
 Continental's merger with USWest and subsequent renaming as MediaOne, she
 became Executive Vice President.  She left the company in late 1997, when it
 moved its headquarters to Denver.
     "Nancy's expertise in using innovative financing to generate exceptional
 growth in the capital-intensive telecommunications industry will be invaluable
 to Beacon as we continue to focus our growth on that segment of the market and
 expand our presence in the alternative energy and distributed generation
 markets," said Beacon Power President and Chief Executive Officer William E.
 Stanton.  "Her financial and administrative experience will provide tremendous
 value to our Board and to the Audit Committee of the Board."
     Prior to joining Continental, she was a banker at Citibank and Bankers
 Trust Company.  Ms. Hawthorne is currently a private investor and an advisor
 to early-stage companies, including WorldClinic, Inc., whose board she chairs.
 WorldClinic provides health care through the use of both new and established
 telecommunications technologies to executives traveling abroad and to
 expatriates.  In addition, she has consulted from time to time for NASA,
 primarily in the area of private-sector perspectives and methods.  Her not-
 for-profit service includes eleven years of membership on the board of New
 England Medical Center (several as Chair of the Finance Committee) and six
 years of board membership at the Wellesley Centers for Women (the last three
 as Finance Chair).  She is a member of the Business Leadership Council of
 Wellesley College and of the Financial Executives Institute (now Financial
 Executives International), of which she is a past President of the Boston
 chapter.
     Ms. Hawthorne serves on several corporate boards including Avid
 Technology, Inc. (Nasdaq:   AVID), Life F/X, Inc., Perini Corporation
 (AMEX:   PCR), New England Zenith Fund and CGU (formerly Commercial Union).  Ms.
 Hawthorne, a resident of Brookline, Mass., earned her bachelor's degree from
 Wellesley College in 1973 and her MBA from Harvard Business School in 1977.
 
     About Beacon Power Corporation
     Beacon Power Corporation designs, manufactures, and markets advanced
 flywheel technology products that provide reliable electric power required by
 the information economy.  Beacon Power Corporation is the only company to have
 developed a flywheel made from proprietary composite materials that can store
 and deliver the energy needed for long-duration backup of remote
 communications sites.  Beacon Power Corporation is initially targeting this $4
 billion communications segment of the $12 billion power quality and
 reliability market with products that offer significant advantages over
 environmentally hazardous lead-acid battery back-up power systems, including
 higher reliability, longer life, reduced maintenance, quicker recharging,
 remote monitoring and environmental friendliness.
     For more information, please contact Tom Nealon, Director of Investor
 Relations at Beacon Power Corporation, 978.694.9121; fax 978.694.9127; email
 ir@beaconpower.com; or write to 234 Ballardvale Street, Wilmington, MA 01887.
 Visit Beacon Power on the Internet at www.beaconpower.com
 
     Safe Harbor Statements under the Private Securities Litigation Reform Act
 of 1995:
     Material contained in this press release may include statements, which are
 not historical facts and are considered "forward-looking" within the meaning
 of the Private Securities Litigation Reform Act of 1995.  These forward-
 looking statements reflect Beacon Power Corporation's current views about
 future events and financial performances.  These forward-looking statements
 are identified by the use of terms and phrases such as "believe," "expect,"
 "plan," "anticipate," and similar expressions identifying forward-looking
 statements.  Investors should not rely on forward-looking statements because
 they are subject to a variety of risks, uncertainties, and other factors that
 could cause actual results to differ materially from Beacon Power
 Corporation's expectation, and Beacon Power Corporation expressly does not
 undertake any duty to update forward-looking statements.  These factors
 include Beacon Power Corporation's short operating history, its history of
 losses and anticipated continued losses from operations, its limited
 experience manufacturing Flywheel Energy Storage Systems on a commercial basis
 including the fact that no commercial contracts have been executed to date,
 the dependence of Beacon Power Corporation's sales on the achievement of
 product development and commercialization milestones, significant
 technological challenges including the risk of successfully developing the
 2kWh, 4kWh and 6kWh Flywheel Energy Storage Systems as well as the commercial
 viability of each of these flywheel products, Beacon Power Corporation's
 dependence on third-party suppliers for key component parts, intense
 competition from companies with greater financial resources than Beacon Power
 Corporation, the risk that government regulation may impede Beacon Power
 Corporation's ability to market its products, possible product liability
 claims that may or may not result from safety failures of Beacon Power
 Corporation's flywheels and the negative publicity which could result, any
 failure to protect Beacon Power Corporation's intellectual property, any
 failure to hire and retain key executives, the lack of availability of
 additional financing, the recent volatility in the stock price of companies
 operating in the same sector as Beacon Power Corporation, control by Beacon
 Power Corporation's controlling shareholders and the limited ability of other
 investors to influence the outcome of matters requiring shareholder approval,
 conditions in the communications industry that comprises Beacon Power
 Corporation's initial target market, but are not limited to, factors detailed
 from time to time in Beacon Power Corporation's filings with the Securities
 and Exchange Commission.
 
 SOURCE  Beacon Power Corporation