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Solar Novus Today

Universal Power Group, Inc.today announced that it has acquired the assets and business of Progressive Technologies, Inc. (PTI), for $3.3 million (USD).

Universal Power is a Texas-based distributor and supplier of batteries and related power accessories. PTI is a North Carolina-based battery pack manufacturer specialising in lithium-ion (Li-ion) battery packs.

PTI designs and builds Li-ion and other custom battery products for specialised original equipment manufacturers (OEMs) in the medical, technology, government and military markets. Its custom battery solutions are used in computers, camcorders, tools, medical equipment, military applications, metering, mining and handheld communications equipment. Committed to high quality standards, PTI operates a state-of-the-art production facility and holds several ISO certifications required by medical and other specialised battery pack buyers.

Source http://www.solarnovus.com/index.php?option=com_content&view=article&id=2688:universal-power-acquires-li-ion-battery-pack-maker&catid=37:business-news&Itemid=241

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