CAMARILLO, Calif., Sept. 9, 2010 (GLOBE NEWSWIRE) -- Power-One, Inc. (Nasdaq:PWER), a leading provider of renewable energy and energy-efficient power conversion and power management solutions, announced today that it will open its new manufacturing facility in Phoenix, Arizona. The Power-One Phoenix facility will produce its industry-leading photovoltaic and wind inverters, including single phase (2-6KW) and three phase string inverters, and NEMA 3R 250KW, 300KW and 400KW central inverters. In the future, for wind applications, the product range will include 2.5 MW inverters.
Production will commence in October 2010 and the facility is anticipated to support more than 350 new jobs in Arizona and throughout the United States. The new manufacturing plant will reach an annual inverter production capacity of 1.0 GW by mid 2011.
"Power-One is pleased to announce the opening of its new renewable energy manufacturing facility in Phoenix," said Richard Thompson, President and Chief Executive Officer of Power-One. "We are excited to bring our field-proven products to the United States and Canadian markets, as we see tremendous growth opportunities in North America."
Power-One has been able to expand capacity with the recent commencement of Canadian manufacturing and the expansion of its European plant, which will result in global capacity to annually produce more than 4.0 GW of inverters by year-end 2010. In addition, Power-One plans to launch Chinese production in the fourth quarter with products specifically designed for the requirements of Asian markets.
"The worldwide market for inverters continues to grow at a rapid pace, and we are positioning Power-One to meet global customer demand," said Dr. Alex Levran who serves as president of Renewable Energy Solutions, a division of Power-One. "The launch of the Arizona factory, in addition to our growth overseas, will enable us to continue on our strong growth trajectory."
To learn more about Power-One and its products and services, please visit .
Power-One designs and manufactures energy-efficient power conversion and power management solutions, including inverters for alternative/renewable energy (solar and wind) and products for routers, data storage and servers, wireless communications, optical networking, semiconductor test equipment, industrial markets and custom applications. Power-One, with headquarters in Camarillo, California, has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas. Power-One is a public company listed on NASDAQ under the ticker symbol PWER. For more information about the Company, please visit .
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CONTACT: Power-One, Inc. Investor Contact: Kevin Trosian, Vice President, Finance and Investor Relations 805-987-8741 Kevin.Trosian@Power-One.com Edelman for Power-One Media Contact: Mark Caffee 323-202-1460 Mobile: 323-697-7808 Mark.Caffee@Edelman.com