Power-One is one of the world’s ten largest providers of power conversion and power management solutions, Power-One is one of only a few companies with the product breadth to support every step in the refinement of utility-grade AC into the various DC voltages required to power high-availability infrastructure systems at the site, system, and semiconductor levels.
Power-One's energy-efficient solutions power a wide range of applications: alternative/renewable energy, routers, data storage and servers, wireless communications, medical diagnostics, optical networking, automated/semiconductor test equipment, railway controls, military, and custom solutions.
In addition, PWER also provides alternative energy products, which convert solar or wind energy into useable grid connected power used in residential and commercial solar panels and wind turbine farms; and smart motor control and other products used primarily in appliances, such as clothes washers and dryers, and air conditioners.
Customers include many high-technology industry leaders: Alcatel/Lucent, Cisco Systems, Ericsson, Huawei, Motorola, Nortel Networks, Nokia-Siemens-Networks, Siemens AG, Sun Microsystems, and Teradyne. Thousands of additional customers are serviced by one of the industry’s most extensive distribution networks.
Power-One employs thousands of people worldwide and is certified to ISO standards for all facilities. Global sales offices, Customer support, R&D centers, and manufacturing operations are strategically located in the Americas, Asia, and Europe. Corporate headquarters are located in Camarillo, CA.
PWER Investor Highlights
• Announced net sales of $142 million for the fourth quarter ended January 3, 2010, an increase of 9% from the fourth quarter 2008.
• Net income attributable to common shareholders for the fourth quarter was $5.4 million, or $0.05 per diluted share, compared to a profit of $1.7 million, or $0.02 per diluted share for the same period last year.
• Both renewable energy and power products recorded strong sequential revenue gains in the fourth quarter 2009, with a positive outlook for 2010.
• Renewable energy generated 48% of total revenue in the quarter, versus 14% in the fourth quarter of 2008.
• Gross margin continued to expand for the third consecutive quarter, improving to 28.9% in the fourth quarter of 2009, compared with 22.0% for the same period last year.
• Total 90-day backlog showed extraordinary growth, as Power-One posted $121 million in 90-day backlog.
• The cash balance at the end of the fourth quarter was $90 million, up from $76 million at the end of the third quarter of 2009.
Recently announced that it has entered into a non-exclusive, worldwide, Field of Use agreement with Ericsson AB Power Modules division. The agreement licenses certain of Power-One’s digital power technology patents to Ericsson Power Modules, which will design and manufacture modular digital point of loads for board mounted applications using the licensed DPT.
Recently announced that it has delivered its 2.5 megawatt (MW) Inverter for use in large off-shore and on-shore wind turbines to a leading US wind turbine manufacturing company. It is expected that the inverters will be deployed in an off-shore European multi-gigawatt (GW) wind farm under development.
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