Uninterruptible Power Supply Service - UPS.EXE
Ups.exe is a service provided by Microsoft. It manages an uninterruptible power supply (UPS) connected to the computer. Some USB connected UPS systems don't need this file. If you don't run a UPS device at all, you can safely disable this file using WinPatrol. You'll find it under your "Services" tab.
A description of services that run under svchost in Windows XP can be found at http://support.microsoft.com/default.aspx?scid=kb;en-us;314056.
A description of default services running under Winodws can be found at http://support.microsoft.com/default.aspx?scid=kb;en-us;Q250320.
Service
Microsoft