updated 6/13/2011 11:46:28 AM ET 2011-06-13T15:46:28

Charlotte, NC, June 13, 2011 (GLOBE NEWSWIRE) -- Positec, a global company that manufactures and markets power tools, lawn and garden equipment and accessories, today announced that it received the "2010 Innovator of the Year" from Lowe’s Companies, Inc. (NYSE: LOW), the second-largest home improvement retailer in the world. The award recognizes the business partner that best provides product innovation, customer satisfaction and innovation in marketing from among 2,500 Lowe’s vendors, and this is the first time that it has been won by a supplier in its first year of doing business with the home improvement giant.

Positec became a supplier to Lowe’s in October 2009, and sells its range of WORX® and Rockwell® branded tools through the retailer’s website and all its 1,725 home improvement stores in North America. Some of the company’s bestsellers include the WORX GT® cordless grass trimmer, Rockwell Sonicrafter® and the Rockwell Jawhorse®.

"We are extremely honored to be recognized as Innovator of the Year by Lowe’s," said Don Gao, Founder, Chairman and CEO - Positec Group. "This award validates our commitment to creating products that make life easier, the workplace safer and the environment cleaner. We have created a culture of creativity in our company, and are focused on developing products and technologies that make a positive contribution to society."

In-store performance and program support are the key criteria for vendors selected for recognition, and the 2010 award was based on three major categories of vendor performance: Innovation, Effectiveness and Significance of Benefits. In order to be considered, suppliers must offer an extraordinarily innovative new or enhanced application of a product, process, system, or practice that improves the performance of the merchandise category. 

About Positec

Positec manufactures and markets the Rockwell and Worx line of home improvement tools and accessories to professional contractors and home improvement enthusiasts around the world. The company has introduced a new business model for the industry, using a global approach in leveraging geographic areas and capabilities to create the most innovative and competitive product lines. Positec is focused on developing products and technologies that make a positive contribution to society by making life easier, the workplace safer and the environment cleaner. Since its founding in 1994, Positec has achieved industry-leading growth and employs almost 4,000 people in 12 countries. For more information, visit www.positectoolgroup.com.

CONTACT: Contact
         Anuj Baveja
         RF|Binder Partners
         212-994-7552; anuj.baveja@rfbinder.com

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