Today, Powin Corp. subsidiary Powin Energy announced that they had received an initial purchase order from LiteSolar. The order is for approximately $400,000 in lithium rechargeable battery products.
In addition to producing renewable energy products, Oregon-based Powin Corporation is a manufacturer of outdoor products such as outdoor cookware and grilling equipment, fitness and recreational equipment such as gun safes, truck parts, plastic products and furniture. LiteSolar is a full solar energy conversion company, offering design, financing and construction as well as operation and maintenance. LiteSolar also manufactures and installs solar-energy carports for residential and commercial sites.
Powin subsidiary Quality Bending and Fabrication is producing parts for solar and battery powered carports; this production coincides with the initial shipment of batteries.
Michael Morse, Vice President of Operations for Powin Energy said, “We appreciate the positive business relationship that we have with LiteSolar and are pleased to begin the process of providing to them the highest quality lithium rechargeable battery products on the market.”
Joseph Lu, President and Chief Executive Officer of Powin Corporation, added, “The relationship that Powin Corporation shares with LiteSolar clearly epitomizes the synergy that exists amongst the various business units of Powin.”
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