Went public 8/8/2000 at $17 per share
Filing Range: 8 mil. shares @ $14 to $16
Shares Outstanding: 37.7 mil. shares
Underwriters: Goldman, Sachs & Co./Merrill Lynch & Co./Morgan Stanley
Dean Witter/CIBC World Markets
Company Counsel: Brobeck Phleger & Harrison LLP
Manager Counsel: Vinson & Elkins LLP
Auditor: Ernst & Young LLP
Develops fully-integrated flywheel energy storage systems. Designs, manufactures and markets its CleanSource family of flywheel energy storage systems. It markets its products to the uninterruptible power supply (UPS) and power quality industry as an alternative or supplement to existing energy storage systems such as lead-acid batteries. Customers include utility companies, data centers and industrial manufacturing companies that require cost-effective, quality electrical power.
Advent International Corp.
CenterPoint Venture Partners
Austin Ventures LP
Stephens Group Inc.
Enron North America
Sevin Rosen Management Co.
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 01/01/1995 1 Early Stage 400.0
2 05/01/1996 3 Expansion 3750.0
3 07/29/1997 4 Expansion 6000.0
4 06/16/1998 6 Later Stage 10000.0
5 11/22/1999 14 Later Stage 27000.0
(Data in $ millions)
Total Revenues: $1.0
Net Income: -7.4