Item 8.01. Other Events.
On November 21, 2008, Beacon Power Corporation (the "Company") announced that it
has settled the patent infringement litigation that Arete Power, Inc. ("Arete")
brought against the Company in October 2007. The agreement between the two
companies ends the litigation over the single patent in question, and restricts
Arete from bringing further complaints against the Company alleging infringement
of Arete's other patents. The parties will be filing the necessary documents in
court to formally terminate the ligitation. Other terms of the settlement
remain confidential.
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