CAMARILLO, Calif., Sept. 7, 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 has commenced production of its renewable energy inverters for the Photovoltaic (PV) and Wind markets in Ontario, Canada.
Now the world's second largest manufacturer of power inverters for the PV industry, Power-One is producing products for sale in Canada's residential, commercial and utility-grade markets at this 60,000 square foot facility.
"Opening this new manufacturing facility in Ontario highlights an exciting new chapter in Power-One's successful geographic expansion goals," said Alex Levran, President, Renewable Energy Solutions at Power-One. "We are proud to support Ontario's renewable energy goals as well as its call for local content."
By the end of 2010, Power-One will have the global capacity to annually produce more than 4.0 GW of inverters. Further, based on forecasts for continued demand of its solar and wind products, the company has undertaken initiatives to expand production in both Asia and North America, starting with this new facility in Ontario.
To learn more about Power-One and its products and services, please visit .
About Power-One
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. Kevin Trosian, Vice President, Finance and Investor Relations 805-987-8741 Kevin.Trosian@Power-One.com
