News

Power-One Announces Inclusion in the NASDAQ Clean Edge U.S. Liquid Series Index Fund

February 22, 2007 by Jeff Shepard

Power-One, Inc. announced that the company has been chosen as a component within the newly launched First Trust NASDAQ® Clean Edge® U.S. Liquid Series Index. The First Trust NASDAQ Clean Edge U.S. Liquid Series Index Fund is designed to track the performance of clean-energy companies that are publicly traded in the United States. Power-One shares will trade within the exchange traded fund (ETF) under the funds ticker symbol QCLN.

"We are pleased to have been chosen to be part of the First Trust NASDAQ Clean Edge U.S. Liquid Series Fund," said Bill Yeates, Chief Executive Officer of Power-One. "Inclusion in this fund highlights our position as a clean-energy company and our commitment to provide the Alternative Energy and communications and server infrastructure markets with competitive, environmentally-friendly, energy-saving products."

Power-One is a designer and manufacturer of power conversion products sold primarily to OEM customers in the telecommunications and server/storage markets; as well as data communications equipment manufacturers. Power-One’s products are also used in applications such as test equipment, high-end industrial applications, and alternative energy.