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WILMINGTON, Mass., Dec 4, 2003 (BUSINESS WIRE) -- Beacon Power Corporation (BCON) , a leader in sustainable energy storage and power conversion systems, has announced that as of December 1, 2003, it was fully compliant with ongoing listing requirements to remain eligible for trading on the Nasdaq SmallCap Market, including the minimum bid price requirement. That requirement was satisfied on November 28, 2003, which was the tenth consecutive trading day on which the closing bid price for Beacon's stock was greater than one dollar.

Because Beacon now satisfies all Nasdaq listing requirements, the Company's proposed reverse stock split will not be pursued.