June 13, 2008

Beacon Power Receives Commitment for $5 Million Loan for Facility Expansion and Clean Tech Job Creation (Centre Daily Times)

Beacon Power Corporation (Nasdaq: BCON), announced today that it has received a commitment for up to $5 million in loans that will help fund expansion of its production facility and create new clean technology jobs. Through a collaborative agreement, MassDevelopment's Emerging Technology Fund and the Massachusetts Technology Collaborative (MTC) have each agreed to provide Beacon with $2.5 …

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