PLANO, TX--(Marketwire - September 10, 2009) - Lineage Power Corporation, the industry's most experienced provider of intelligent power conversion systems, today announced that it will hold a ribbon-cutting ceremony to mark the opening of its new global headquarters and R&D center of innovation in Plano, TX. The event will be held at 601 Shiloh Road, on Thursday, September 17, 2009 at 4 p.m. CDT. Mayor Phil Dyer will be joined by members of the Plano City Council to officially welcome Lineage and their 225+ employees the city's business community.
"Lineage is proud to be the newest member of Plano -- the center of the power industry community," said Craig Witsoe, CEO of Lineage Power. "As the first name in power, our team is focused on the mission to help thousands of customers in 75 countries achieve end-to-end total efficiency for power conversion solutions. It is the R&D, quality assurance, performance testing and customer service conducted here in Plano that gives Lineage Power the ability to lead the way in the delivery of safe, reliable and energy efficient solutions that lower costs and accelerate delivery of new voice, video and data subscriber services."
Drawing upon the company's Bell Labs heritage of intelligent power conversion systems, Craig Witsoe will utilize the opening ceremony to highlight Lineage's Total Efficiency (TE) technology being developed at the new Plano facilities. TE is an innovative architecture that helps telecommunications carriers, wireless operators, internet service providers and large enterprises reduce energy loss and lower cooling costs by 50-70 percent. "That's enough energy savings to power the city of San Francisco for an entire year," Witsoe added.
TE architecture products will prioritize sustainable energy sources such as solar, wind, water and fuel cells over traditional utility grid or diesel generator energy sources. TE will also intelligently respond to smart grid information to reduce energy consumption during peak demand periods. The Lineage Power Total Efficiency architecture addresses issues end-to-end based on proven experience and services expertise in batteries, power distribution, DC UPS, AC/DC power supplies, and DC/DC board mounted power to deliver a solution that is more safe, reliable and energy efficient than alternatives from competitors.
Lineage Power AC/DC and DC/DC power conversion solutions for original equipment manufacturers (OEMs) keep customers ahead of their competitors by providing solutions that offer size, efficiency, and cost advantages while dramatically reducing risk through the utilization of proven, standards-based platforms that accelerate time to market with front-end and board mounted power components. World-class quality is delivered at competitive prices to communications, computing, storage, industrial, medical and military markets. Patented Tunable Loop™ technology achieves increased density, improved response, reduced capacitance and increased reliability at a lower cost. Deep engineer-to-engineer relationships deliver personalized design assistance, sophisticated engineering, design flexibility, innovative solutions, and rapid prototype development.
The engineers at Lineage are the best in the industry, responsible for hundreds of global patents and unique planning and design services expertise that ensures every system installed leverages existing infrastructure investments while optimizing future performance and capacity.
Media contacts wishing to schedule one-on-one interviews with Mr. Witsoe should call (603) 530-7533.
About Lineage Power
Lineage Power Corporation, a Gores Group company, traces its heritage to AT&T, Bell Labs, Lucent Technologies and Western Electric. Today, the company delivers reliable and intelligent power conversion solutions carrying on the tradition of patented innovation with energy-efficient AC/DC and DC/DC power modules, indoor/outdoor energy systems, and custom power products backed by local field expertise in 25+ locations worldwide. Designed for decades of non-stop operation, the high-availability DC power plants enable voice, video and data communications while assuring investment protection, total system efficiency, and significantly reduced total cost of ownership. More information about Lineage hardware, software, services and training is available at www.lineagepower.com.
About The Gores Group
Founded in 1987, The Gores Group, LLC is a private equity firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm's operating experience and flexible capital base. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. The Gores Group, LLC has become a leading investor having demonstrated over time a reliable track record of creating substantial value in its portfolio companies alongside management. The firm's current private equity fund has committed equity capital of $1.3 billion. Headquartered in Los Angeles, California, The Gores Group, LLC maintains offices in Boulder, Colorado and London. For more information, please visit www.gores.com.
Media Contact:
Michelle Barry
BridgeView Marketing
603-570-7533
michelle@bridgeviewmarketing.com