updated 3/14/2011 8:49:24 AM ET 2011-03-14T12:49:24

CAMARILLO, Calif., March 14, 2011 (GLOBE NEWSWIRE) -- Power-One, Inc. (Nasdaq:PWER), a leading provider of renewable energy and energy-efficient power conversion and power management solutions, has commenced shipping inverter products from its Shenzhen, China manufacturing and design facility. Production is located in the same manufacturing park as Power-One's existing factory for its traditional power conversion products. The new facility will have the capacity to produce 1 GW of central inverters by the end of 2011.

In late 2010, Power-One announced the launch of its central inverters specifically designed for the emerging Asian market. The 250kW and 500kW utility grade central inverters have a number of key features, including: a very high efficiency of 98.3%, longer MTBF (mean time between failures) due to being electrolytic capacitor free, compact size and weight, touch screen display, and a 1000 Voc (open circuit voltage) rating. Power-One has received China Quality Certificate (CQC) certification for sales to the Chinese market, and its new central inverters will also be manufactured to meet the demands of the rapidly growing Indian photovoltaic market.

"Asia represents a significant wind and solar growth opportunity for Power-One and we are excited that our Shenzhen facility is now shipping inverters to meet the needs of our regional customers," said Alex Levran, President of Renewable Energy Solutions at Power-One. "The Shenzhen factory will allow us to strengthen our presence and expand our products designed for the large and growing Chinese and Indian markets."

To learn more about Power-One's inverter products for the United States as well as its global portfolio, please visit http://www.power-one.com/renewable-energy .  

About Power-One

Power-One is the world's second largest designer and manufacturer of photovoltaic inverters. Its renewable energy products enable the industry's highest yielding conversion of power from both solar arrays and wind farms for use by utilities and homes. Power-One has a 40 year history as the leader in high efficiency and high density power supply products for a variety of industries including renewable energy, data storage and networking, industrial and network power systems. The company is headquartered in Camarillo, CA and has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas. Power-One is traded on NASDAQ under the ticker symbol PWER. For more information about Power-One, please visit www.Power-One.com .

The Power-One, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7338

CONTACT: For Investors:
         Power-One, Inc.
         Kevin Trosian, 805-987-8741
         Vice President, Finance & Investor Relations
         
         For Press:
         Edelman for Power-One
         Jon Murchinson
         Jon.Murchinson@edelman.com
         Phone: 415-486-3274

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