SOURCE: Rhombus Energy Solutions, Inc.

Rhombus Energy Solutions, Inc.

March 31, 2015 09:47 ET

Rhombus Energy Solutions, Inc. Acquires Energy Development Associates, LLC

Acquisition Brings High Power, Advanced Power Conversion Solutions to the Test and Energy Storage Market

SAN DIEGO, CA--(Marketwired - Mar 31, 2015) - Rhombus Energy Solutions, Inc. (Rhombus), a high-growth energy technology company, announced the acquisition of Energy Development Associates, LLC (EDA) today. EDA is located in Dearborn, Michigan and has a rich, 25-year history in developing electric vehicles and power conversion solutions. Prior owners of EDA include Ford, Ballard, Siemens and Continental, all of which made significant investments in developing EDA products, IP, and infrastructure.

Rhombus works to solve the world's energy challenges by designing and deploying the most innovative and efficient power conversion, control, and distributed energy management solutions. Rhombus offers both contracted product development services and private label advanced power conversion products in the 3 - 50kW range. EDA offers high-power testing services and products ranging from 30kW - 1mW.

"This acquisition moves us closer to serving customers globally with advanced power management innovations. With the skillset, high power products, and deep industry knowledge that EDA brings, we now can offer a full power range of energy conversion products. The companies are accretive in every way," said Rick Sander, co-founder and CEO of Rhombus.

The acquisition brings significant benefits and expertise with an expanded product line that includes: regenerative battery test systems, grid tie energy storage inverters, renewable energy converters, battery and fuel cell EV drive systems, phase converters, battery management systems and micro-turbine-based power converters.

"Rhombus has the capital, additional core expertise, and access to vertical markets that will bring our existing product lines to a greater global market," said Kent Harmon, EDA President. "The acquisition creates a stronger foundation and critical mass to support our customer base going forward."

For more information, readers can visit http://rhombusenergysolutions.com/.

About Rhombus Energy Solutions, Inc.
Rhombus develops innovative, high efficiency power conversion and energy management systems for energy storage, alternative energy, vehicle charging, micro-grid and test equipment applications. Rhombus offers standalone products, power conversion modules, semi-custom configurations as well as contracted product development services and high power certification testing including UL 1741 & IEEE 1547. Rhombus also offers advanced cloud based data communications with analytics and visualization interfaces.

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