FirePower Acquires Power Supply Assets of OCZ Technology
Firepower Technology, Inc. has acquired the power supply assets of OCZ Technology Group, Inc., including the PC Power and Cooling® product line. Effective immediately, the group will operate as FirePower Technology and will produce and sell the award-winning PC Power and Cooling power supplies including Silencer® MK III as well as the ZX, ZT, ZS, ModXSteam, CoreXStream, Fatal1ty® and StealthXStream brands, all formerly sold by OCZ Technology. Terms of the acquisition are not available.
"We are excited to launch our business with the OCZ power supply team, which was built on the successful legacy of the PC Power and Cooling brand. The launch of this independent business unit within FirePower will allow us to reestablish these brands, launch new products and drive the company back to the market leadership position this group enjoyed several years ago," said Lawrence Firestone, FirePower Technology's President and CEO. "Our objective is to provide 'Best in Class' products allowing our customers to enjoy unsurpassed quality and value. I am pleased to announce that with this acquisition, not only did we acquire a suite of great products but we also gained an excellent team."
â€œThis acquisition provides FirePower Technology with a high-quality, well-regarded lineup of power supply products allowing the company to launch with full force into the growing high-end computer gaming and industrial workstation markets,â€ Firestone concluded. Firepower Technology plans to honor the warranty obligations of its installed base and will operate out of the company's facilities in Carlsbad, California.