Beacon Power Corporation reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenues were $273,096 and a net loss to common shareholders was $4,092,000 or $0.03 basic and diluted loss per share compared to revenue of $4,390 and a net loss to common shareholders of $5,621,000 or $0.06 basic and diluted loss per share in the third quarter of 2008. Loss from operations was $4,163,433 against $5,675,300 for the same quarter a year ago period. For the nine-month period, the company reported loss to common shareholders was $14,398,708 or $0.12 basic and diluted loss per share on revenues of $665,736 against loss to common shareholders $16,339,905 or $0.18 basic and diluted loss per share on revenues of $52,782 for the same period a year ago. Loss from operations was $14,342,995 against $16,650,719 for the same period a year ago.

Beacon Power Corporation announced that the New York State Public Service Commission has granted the company a Certificate of Public Convenience and Necessity (CPCN) for its proposed 20 MW flywheel frequency regulation plant in Stephentown, New York, and approved the project's overall financing. At its October 15th meeting, the PSC determined that Beacon's proposed flywheel plant in Stephentown is in the public's interest. Last month the PSC affirmed that Beacon's Stephentown plant had met all relevant PSC environmental requirements. With the PSC's last two decisions now in place, the Company is authorized to apply for applicable permits, submit any final plans and drawings to PSC for review, and prepare to construct and operate the plant.

Beacon Power Corporation announced on September 18, 2009 that it has received a letter from The NASDAQ Stock Market dated September 16, 2009, indicating that for the last 30 consecutive business days, the bid price of the Company’s common stock has closed below the minimum $1.00 per share requirement for continued inclusion on The NASDAQ Capital Market based on Marketplace Rule 5550(a) (2), and describing a timetable for bringing the Company into compliance with that rule. The Company has been provided 180 calendar days, or until March 15, 2010, to regain compliance, in accordance with Marketplace Rule 5810(c) (3) (A). If at any time before then, the Company’s common stock has a closing bid price of $1.00 or more for a minimum of 10 consecutive business days, The NASDAQ Stock Market staff will notify Beacon that it has regained compliance. If Beacon has not met the requirements of Rule 5550(a) (2) by March 15, 2010, but meets the applicable standards for initial listing on the NASDAQ Capital Market (other than the minimum bid price requirement), then the Company will be granted a second 180 calendar day compliance period, or until September 11, 2010, within which to achieve a closing bid price of $1.00 or more for a minimum of 10 consecutive business days. The Company believes that it currently meets the applicable standards for initial listing, other than the minimum bid price requirement. The Company intends to actively monitor the bid price for its common stock between now and March 15, 2010, and will consider available options to resolve the deficiency and regain compliance with the NASDAQ minimum bid price requirement.