Natural Resources >> CEO Interviews >> October 20, 2003
JOSEPH F. PINKERTON III is the founder of Active Power, Inc., and serves
as its Chairman of the Board and Chief Executive Officer. During his
tenure, Mr. Pinkerton raised $45 million through five venture capital
financings, directed the development of the world's first commercially
viable flywheel energy storage system, successfully negotiated
distribution agreements with several F500 companies and has been awarded
over 30 patents for innovations in power-related technologies. In 2000,
he raised an additional $138 million through Active Power's IPO while
helping the company achieve 300% product sales growth. Prior to founding
Active Power, he was a principal with FRC, where he directed two joint
research projects with the University of Texas. Mr. Pinkerton holds a BA
in Physics from Albion College, in association with Columbia University.
Mr. Pinkerton was recognized by Ernst and Young and awarded the 2001
Entrepreneur of the Year Award for high tech manufacturing in the
Central Texas Region. Profile
Mr. Pinkerton: I founded the company way back in 1992 as Magnetic
Bearing Technologies, a small R&D house
