PowerStream Pens Four New ContractsAugust 19, 1999 by Jeff Shepard
Pen Interconnect Inc. (Irvine, CA) announced that its PowerStream Division, which designs and manufactures custom power supplies and battery chargers, recently received four new contracts from major companies that have increased its backlog by over 50 percent with a combined value in excess of $500,000.The contracts include the release of 5,000 UPS units for a wireless communication system, power supplies for a major aerospace company, power adapters for an instrument company and a high volume battery charger product for a major test equipment manufacturer, according to Pen Interconnect."We are quite pleased by this influx of new orders at PowerStream as they have worked long and hard in developing their proprietary designs in power management technology," stated Pen Interconnect President and CEO Steve Fryer. "We have had great hopes for PowerStream and now it looks like their efforts are finally paying off." PowerStream Technology President Daniele Reni commented, "These orders represent an expansion of our technology base and will allow us to provide quicker solutions for our new potential clients. We are able to complete complex designs in a very short period of time due to our expansive design library. In addition, we have a close relationship with a high quality Asian manufacturer for our high volume products and the low to medium volume products can be built at our InCirT division in California."