Beacon Power to Release Third Quarter 2010 Financial Results and Host Conference Call on November 9, 2010

TYNGSBORO, Mass., Oct. 28, 2010 (GLOBE NEWSWIRE) -- Beacon Power Corporation (Nasdaq:BCON), a leading provider of advanced products and services to support a more stable, reliable and efficient electricity grid, will release its financial results for the quarter ended September 30, 2010, on November 9, 2010, prior to the opening of the market, and the Company will host a conference call at 10:00 am Eastern Time that day. During the call, Bill Capp, Beacon Power president and CEO, and Jim Spiezio, CFO, will review the Company's operations and results, followed by a question and answer session.

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Beacon Power invites all those interested in hearing management's discussion to join the call by dialing (857) 350-1605 and entering participant access code 75096701when prompted. A live webcast of the call will also be available via the Company's website, at . Please connect at least 15 minutes prior to the webcast to ensure adequate time for any software download that may be needed.

A replay of the event will be available approximately two hours after its completion, and for seven days following the call, by dialing (617) 801-6888 and entering access code 24446661 when prompted. The webcast will also be archived on the Beacon website at .

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About Beacon Power Corporation

Beacon Power Corporation designs, develops and is commercializing advanced products and services to support stable, reliable and efficient electricity grid operation. Beacon's Smart Energy Matrix™, now in production, being operated and earning revenue, is a non-polluting, megawatt-scale, utility-grade, flywheel-based solution designed to provide less expensive, more sustainable and effective frequency regulation services to the nation's power grid. The Company's business strategy is both to supply frequency regulation services from its own plants and to sell systems directly to utilities or grid operators in parts of North America and selected international markets. Beacon is a publicly traded company with its research, development and manufacturing facility in the U.S. For more information, visit .

CONTACT: Darrow Associates Investor Relations Contact: Chris Witty 646-438-9385 cwitty@darrowir.com