Power Designs announces acquisitions.EDGEWOOD, N.Y.--(BUSINESS WIRE)--Oct. 16, 1996-- Power Designs Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :POWD), announced today that it has purchased through a wholly-owned subsidiary the Technipower Inc. and Constant Power Inc., subsidiaries of Penril DataComm Networks Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : PNRL). These acquisitions substantially increase the size of the company's revenue and earnings. The acquisition of Constant Power Inc. provides Power Designs with "leap-frog" technology for the Uninterruptable Power Supply (UPS) and Power Line Conditioner A Power Line Conditioner is used to compensate peaks and valleys in the power supply and reduce peaks in the power flow to what is needed by the machine. For instance, on a 120 volt service, if the voltage exceeds 130 volts, the output is switched to a transformer that reduces the (PLC) markets. These UPS/PLC products utilize a combination of microprocessor technology coupled with high frequency switch mode power supply circuitry. These products permit a singular UPS or PLC unit to adapt to the dissimilar input, output and frequencies variations found throughout the world. These products are specifically focused to meet the harsh power environments found in the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. , South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. as well as critical industrial and medical applications domestically. Technipower products include autotransformers sold under the Variac name, and customized power supplies. The company intends to relocate in the next quarter from its current Long Island facility and consolidate into the Technipower/Constant Power facility in Danbury, Conn. H. Rudolf Zeidler, president of Constant Power Inc., was appointed to the board of directors of Power Designs Inc., and elected president of the company. Technipower/Constant Power's existing management, engineering and technical staff are remaining with the company. CONTACT: Power Designs Inc. Jonathan Betts (860) 828-3332 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion