P10 Industries 8K Active Power Closes $14 Million Private Placement of Common Stock | PIOE 14 Aug 07

Management Presentation

August 2007

Exhibit 99.2

2007 Active Power, Inc

Cautionary Note Regarding Forward Looking Statements

This presentation may contain forward-looking statements, within the meaning of Section

27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, that involve

risks

and

uncertainties.

The

important

factors

that

could

cause

actual

results

differ

materially include, but are not limited to, the potential for significant losses to continue;

inability to accurately predict revenue and budget for expenses for future periods;

fluctuations in revenue and operating results; overall market performance; decreases and/or

delays in capital spending; limited product lines; inability to expand our distribution

channels; inability to manage new and existing product distribution relationships; our

current dependence on our relationship with Caterpillar; delays in research and

development; potential Sarbanes-Oxley 404 compliance issues; the acceptance of the new

technology in our current and future products by the power quality market; product

performance

and

quality

issues;

and

other

risks

set

forth

the

Company’s

most

recent

SEC

filings.

2007 Active Power, Inc

Management Representatives

Jim Clishem

President & Chief Executive Officer

John Penver

Vice President of Finance & Chief Financial Officer

2007 Active Power, Inc

Active Power is …

provider

turnkey

critical

power

solutions

that

provide

“power

insurance”

global enterprises with zero tolerance for downtime

A manufacturer of uninterruptible power (UPS) systems that utilize green

technology as a renewable energy source

Company Overview:

6 continent sales & service coverage

15 years in business

40+ country implementations

42 patents held

150+ employees

400 MW of pure power provided

1,600+ flywheels shipped worldwide

9001:2000 ISO certification

80,000 square foot manufacturing and operations

facility in Austin, Texas

35 million+ hours of field runtime

2007 Active Power, Inc

Investment Highlights

Demonstrating ability to perform

41% revenue growth in 2006

2007

record

revenue

performance

$9.2M

68%

increase

over

2006

3% gross margin in 2006, first year ever achieved

17% gross margin in Q2 2007

Recently announced a multimillion dollar, 7.6 MW order from a European based customer for four

Containerized Mobile Power systems

Differentiated family of products

CleanSource: the most energy & space efficient UPS in the world, and its green!

CoolAir: the world’s only back up power & cooling system, and its green!

Delivering solutions globally

Over 400 MWs of power delivered via 1600 wheels globally

45 units and 81 wheels sold in Q2 2007

Establishing a path to profitability

Multiple sales channels strategy developed

Native geographic expansion implemented

Growth of the service business

Focus on higher margin product sales

Strong & innovative management team

New team transforming the business

Driving towards 125 wheels / quarter for EBITDA breakeven

2007 Active Power, Inc

Demonstrating Results

Revenue

Average Selling Price per Wheel

Gross Margin

Operating Margin

$15,783

$17,788

$25,029

$29,149

-15%

-2%

10%

-20%

-15%

-10%

-5%

10%

15%

2004

2005

2006

LTM

$60,930

$63,030

$66,380

$72,615

$52,000

$56,000

$60,000

$64,000

$68,000

$72,000

$76,000

2004

2005

2006

LTM

-186%

-142%

-91%

-72%

-200%

-160%

-120%

-80%

-40%

2004

2005

2006

LTM

Note: LTM data as of June 30, 2007

$7,500

$12,500

$17,500

$22,500

$27,500

$32,500

2004

2005

2006

LTM

Product Revenue

Service Revenue

2007 Active Power, Inc

Services

CoolAir™

Ancillary Products

CleanSource

CleanSource UPS

–

130-3,600 kVA systems

–

Multi MegaWatt Turnkey solutions

CleanSource DC

–

250-2,000 kW

Containerized Solutions

GenSTART

Monitoring & Control Software

Switchgear

Generators

CoolAir UPS

–

50 –

100 kVA systems

CoolAir DC

–

85 kW system

Design Engineering

Assessment

Implementation

Lifecycle & Support

24 x 7 x 365 Care

Product Line

2007 Active Power, Inc

Containerized Turnkey Power System

What is containerization?

A modular, mission critical

Data Center power plant

Standard dimension 20’, 30’

or 40’

container that can be

custom modified by

application

A purpose made facility-

based enclosure to

acoustically isolate, thermally

protect, weatherproof and/or

fireproof power plants

UPS Cabinets

Switchgear

Generator

GenSTART

Fuel Tank

UPS Cabinets

Switchgear

Generator

GenSTART

Fuel Tank

2007 Active Power, Inc

What is Our Value Proposition?

Our Solutions Are:

Intelligently EFFICIENT

Precision engineered to be up to 98% efficient, delivering

real bottom line impact by reducing power consumption

costs

Inherently RELIABLE

Uniquely designed to deliver predictable, consistent

backup power with more than 35 million hours of

customer runtime on six continents

Economically GREEN

Environmentally-friendly solution (reduced CO2

emissions) delivered at an economic advantage

2007 Active Power, Inc

Who Needs Clean, Reliable, Green Power?

2007 Active Power, Inc

Power Reliability

Significant blackouts have demonstrated the

importance of secure power supply

2007

–

June 27: 136,000 people …

New

York City

–

April 26: national blackout in Colombia

–

January 16: 200,000 people in Australia

–

January 12 -

January 26: ~1 million

customers from US to Canada due to ice

Other recent blackouts

–

November 2006: 5 million customers in

Europe

–

July 2006: 365,000 customers in

Philadelphia

–

September 2003: 57 million people in Italy

–

September 2003: 4 million people in

Copenhagen

–

August 2003: 50 million people in New York

and an economic loss of $1Billion

(1)

Source: ELCON, 2004

2007 Active Power, Inc

Other Macroeconomic Trends Drive Demand

Data center market growth

Rising cost of energy

Pure demand for energy

High efficiency

Unreliable power grid

Regulatory requirements

Lack of investment into public

infrastructure

Cost of downtime

2007 Active Power, Inc

The Market Opportunity is $6.5 Billion

Current global UPS market is $6.5 billion with 6% CAGR projected

Addressable share is $1.5 billion

World

UPS Market

Below

1 kVA

1 to

20 kVA

20 to

50 kVA

50 to

200 kVA

200 kVA +

$661M

$867M

Total UPS Market: Unit Shipment and

Revenue Forecasts (World), 2002-

2012

Total UPS Market: Report Segmentation by Power Range (World)

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

Revenues

Units

Source: Frost & Sullivan

2007 Active Power, Inc

What is the Business Strategy?

Build Brand

Build Distribution

Build for Less

2007 Active Power, Inc

Strategy in Action

Commoditized Component

Valued Supplier

Driven by OEM Sales

Limited Geographical

Coverage

Focus on Engineering

Differentiated Solution

Consultative Partner

Driven by Direct Sales

Multinational Distribution

Focus on Market Needs

Before 2006

After 2006

2007 Active Power, Inc

Competitive Landscape

Our UPS solutions outperform conventional UPS systems

$32 million

190 sq. ft.

Up to 92%

Conventional

UPS & Battery

Yes

$15 million

89 sq. ft.

Up to 98%

Active Power

Flywheel UPS

Measured

System

Reliability

Green

Product

Offering

Operating

Expenses

(3)

Footprint

(2)

Efficiency

(1)

At 75% load or greater

(2)

Based on 600 kVA UPS

(3)

Based on 10 MW deployment over 20-Year Life

2007 Active Power, Inc

Distribution Overview

Direct v. OEM Sales

Sales and Marketing Investment

Direct Sales as % of AP Sales

Geographic Sales

95%

2002

LTM

2002

LTM

OEM

Direct

North

America

Rest of

World

68%

32%

59%

41%

81%

19%

37%

40%

41%

35%

63%

64%

31%

22%

20%

30%

40%

50%

60%

70%

2004

2005

2006

LTM

Sales&Marketing (% of Revenue)

R&D (% of Revenue)

44%

68%

48%

58%

10%

20%

30%

40%

50%

60%

70%

80%

2004

2005

2006

LTM

Note: LTM data as of June 30, 2007

2007 Active Power, Inc

Bookings Trends

2005 Top Ten Bookings

2006 Top Ten Bookings

Sale Amount

Application

Territory

Channel

2,060,154

Data Center

North America

2,045,219

Food Processing

Algeria

Direct

1,282,000

Airport

Asia

Direct

1,155,760

Petrochemical

North America

Direct

966,144

Health

North America

Direct

902,631

Data Center

Europe

Direct

885,281

Broadcast

Europe

Direct

879,907

Data Center

North America

OEM

606,238

Health

North America

Direct

590,402

Education

Europe

Direct

11,373,736

Amount

Application

Territory

Channel

1,035,174

Printing

North America

OEM

903,478

Airport

Latin America

Direct

900,000

Food Processing

Algeria

Direct

680,775

Data Center

North America

OEM

638,250

Semiconductor

North America

OEM

443,702

Health

North America

OEM

403,962

Dealer Stock

North America

OEM

318,610

Automotive

Europe

Direct

313,122

Plastics

Europe

Direct

309,390

Airport

Middle East

OEM

5,946,463

2007 Active Power, Inc

Who Chooses Active Power?

Recent customer wins

Organizations we protect

2007 Active Power, Inc

Path to EBITDA Profitability

EBITDA profitability targets: 125 wheels sold per quarter, combined quarterly

service and ancillary revenues > $3 million and an $80,000 average selling price

2008 timetable for achieving EBITDA profitability

Q2 2007

Breakeven

Wheel Sales / Quarter

125

Average Selling Price

$68,570

$80,000

Service & Ancillary Revenue / Quarter

$3,436,000

$3,000,000

Cumulative Wheels Sold

1,600

2007 Active Power, Inc

Awards & Acknowledgements

2007

Recently

awarded

ETL

certification

Carbon

Trust

allows

Active

customers

receive

substantial subsidies

Data Centres Europe, Most Innovative New Product Award CSUPS

2006

Frost & Sullivan Backup Power Technology Innovation of the Year Award

TechTarget’s SearchDataCenter.com Product of the Year for Data Center Backup Power

Electrical

Contracting

Products

Magazine

finalist

for

INNOVATION

Award

EC&M Magazine Product of the Year for Power Conditioning Category

2005

Electronic Products Magazine Product of the Year

Frost & Sullivan Customer Development Leadership Award

2003

Frost & Sullivan Product Line Strategy Award

2007 Active Power, Inc

A Growing Active Power

HQ’s

Sales & Service & Demonstration Centers

Customer Installations (Country)

Manufacturers’

Representatives & Distributors

2007 Active Power, Inc

Investment Highlights

Demonstrating ability to perform

41% revenue growth in 2006

2007

record

revenue

performance

$9.2M

68%

increase

over

2006

3% gross margin in 2006, first year ever achieved

17% gross margin in Q2 2007

Recently announced a multimillion dollar, 7.6 MW order from a European based customer for four

Containerized Mobile Power systems

Differentiated family of products

CleanSource: the most energy & space efficient UPS in the world, and its green!

CoolAir: the world’s only back up power & cooling system, and its green!

Delivering solutions globally

Over 400 MWs of power delivered via 1600 wheels globally

45 units and 81 wheels sold in Q2 2007

Establishing a path to profitability

Multiple sales channels strategy developed

Native geographic expansion implemented

Growth of the service business

Focus on higher margin product sales

Strong & innovative management team

New team transforming the business

Driving towards 125 wheels / quarter for EBITDA breakeven

2007 Active Power, Inc

Questions & Answers

2007 Active Power, Inc

Customer Case Study

Customer

Active Power Solution

Rebsamen Medical Center’s acute care

facility purchased new MRI and CAT Scan

equipment

This highly sophisticated and expensive

diagnostic equipment warranted a highly

reliable power source

“We experience numerous power

failures, from a fraction of a second to

several hours,”

noted Ed Meharg,

Director of Engineering for Rebsamen

Medical Center. “Even a short power

glitch can wreak havoc on our sensitive

diagnostic medical equipment.”

Business Challenge

Rebsamen now relies on a Clean Source

300 uninterruptible continuous power

system from Active Power

The system consists of a 300 kVA UPS for

short-term outages and power conditioning,

and a 350 kW generator set for long-term

outages, integrated to provide continuous

quality power throughout the hospital facility

“We are always investigating new methods

to address our critical power requirements

beyond those required by NFPA, which

cover emergency power at healthcare

facilities,”

notes Meharg

Jacksonville, Arkansas

P10 Industries (PIOE) Inactive 8-KActive Power Closes $14 Million Private Placement of Common Stock