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BRIEF-Active Power enters into asset purchase agreement with Langley Holdings Plc
September 30, 2016 / 12:57 PM / in a year

BRIEF-Active Power enters into asset purchase agreement with Langley Holdings Plc

Sept 30 (Reuters) - Active Power Inc

* Active Power enters into asset purchase agreement with Langley Holdings Plc

* Langley will acquire substantially all assets and operations of active power

* After closing, under the APA company will transition business model to monetize non-core intellectual property assets not bought by Langley

* Deal includes the Active Power name plus assumption of all debt

* Company is in active negotiations with several parties to raise additional capital to support the business strategy Source text for Eikon: Further company coverage:

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