SOURCE: Imergy Power Systems, Inc.

Imergy Power Systems, Inc.

October 29, 2014 06:00 ET

Imergy Signs Manufacturing Agreement With Foxsemicon Integrated Technology, Inc.

FREMONT, CA--(Marketwired - Oct 29, 2014) - Imergy Power Systems, a pioneer in advanced energy storage, today announced that the company has entered into a manufacturing services agreement ("MSA") with Foxsemicon, a world-class multinational manufacturing services provider, to manufacture modular flow batteries for Imergy's rapidly expanding customer base.

Under the terms of the agreement, Foxsemicon will supply Imergy with manufacturing, assembly and test services for Imergy's complete Energy Storage Platform product portfolio. The portfolio includes products ranging from 5kW/15kWh to 250kW/1MWh. Applications range from small scale telecommunications and transportation infrastructures to larger scale applications including grid-connected commercial buildings and smart microgrids, as well as utility-scale applications that combine with solar and wind to shift generation to better match peak load and provide electricity regardless of grid status.

"Foxsemicon has world-class global capabilities in supply chain management, manufacturing, new product introduction and engineering services that we believe will dramatically shorten our time to market," said Tim Harris, Senior Vice President, Global Manufacturing for Imergy. "By partnering with Foxsemicon, Imergy will benefit from their vertical integration, strong process control and economies of scale. We will leverage this new relationship with Foxsemicon to improve process efficiencies and to reduce our product manufacturing costs. As such, this partnership represents another step in Imergy's ability to make energy affordable, reliable and available to communities and businesses around the world."

"We are pleased to have been selected by Imergy as their global partner for strategic manufacturing services," said Jackson Hwang, President of CM Business, Foxsemicon. "The relationship will allow Foxsemicon to further expand its strength in the energy storage industry while providing Imergy with a competitive supply chain, better efficiencies, and margin-enhancing products."

About Imergy Power Systems
Imergy Power Systems is a leader in stationary energy storage solutions using innovative flow battery technology. Its proven Energy Storage Platform provides a total solution to reduce energy cost and optimize renewable power generation while improving overall power reliability. Imergy Power Systems is headquartered in Fremont, California, USA, with additional operations in Europe, Asia, and the Americas. The Company's investors include venture capital firms NEA, Technology Partners, and Blue Run. For more information about the company, please visit www.imergy.com or follow us on Twitter.

About Foxsemicon
Foxsemicon is the partner of choice for all aspects of contract manufacturing services in global high technology equipment industries. Armed with its proprietary CMMS business model and well-established manufacturing and quality control process, Foxsemicon is recognized by its customers with its vertical integrated manufacturing capability. Through its renowned superiorities in speed, quality, engineering services, efficiency, and value-added offered, Foxsemicon is also awarded as the best performance supplier in 2013 by a top ranking worldwide semiconductor equipment OEM customer.

Contact Information

  • Contact:
    Julie Still
    Imergy Power Systems, Inc.
    Phone: 831-332-1025
    Email: Email Contact