On Friday, Shares of Active Power, Inc. (NASDAQ:ACPW), subtract -14.77% and closed at $0.277 in the last trading session. The last trading range of the stock ranges between $0.26 and $0.65. Active Power ( NASDAQ : ACPW ) (“Company”), a manufacturer of flywheel energy storage products and modular infrastructure solutions (MIS), recently declared that it has signed an Asset Purchase Agreement (APA) with Langley Holdings PLC (“Langley”). Under the terms of the APA, Langley will acquire substantially all assets and operations of Active Power, counting the Active Power name, through their Piller USA Inc. partner for a nominal purchase price, plus the assumption of all debt, liabilities, customer, employee and purchase commitments going forward. Closing is subject to customary conditions and to the approval of the stockholders of Active Power. Closing is expected to occur in the fourth quarter of 2016.
Langley is a diverse, privately owned engineering and industrial group based in the United Kingdom with principal operating divisions located in Germany and France and more than 80 auxiliaries worldwide. The group was founded by the current Chairman, Tony Langley, in 1975 and had revenues of $1.1 billion in 2015. In 2004, Langley attained Piller Group GmbH, a world leader in power protection technology and rotary UPS systems.
Cypress Semiconductor Corporation (NASDAQ:CY), jumped 1.42% and closed at $12.16 in the last trading session. The last trading range of the stock ranges between $11.97 and $12.22. The company’s Market capitalization is $3.96 Billion with the total Outstanding Shares of 321.18 million. Cypress Semiconductor Corporation designs, develops, manufactures, markets, and sells mixed-signal programmable solutions worldwide. The companys Programmable Solutions division designs and develops programmable solutions, counting Traveo automotive microcontrollers; programmable system-on-chip products; ARM Cortex-M4, -M3, and -M0+ microcontrollers; R4 CPUs; analog power administration integrated circuits; CapSense capacitive-sensing controllers; TrueTouch touchscreen and fingerprint reader products; and Bluetooth low energy solutions for the Internet of things. Its Memory Products division designs and manufactures NOR and NAND flash memories, static random access memory (SRAM) products, HyperRAm, synchronous and asynchronous SRAMs, nvSRAMs, F-RAM ferroelectric memory devices, dual port memories, first-in first-out memories, RoboClock buffers, and programmable clocks. The companys Data Communications division provides universal serial bus (USB) controllers; Bluetooth low energy and wirelessUSB solutions; module solutions, such as trackpads and Bluetooth low energy modules; and controllers for the new USB type-C standards. Its Emerging Technology division provides wafer level chip scale packaging solutions and foundry services, in addition to other development stage activities. The company serves various markets, counting automotive, industrial, communications, consumer, computation, data communications, mobile handsets, and military markets. It sells its semiconductor products through distributors and manufacturing representative firms, in addition to through sales force to direct original equipment manufacturers and their suppliers.