Profile: Power Solutions International Inc (PSIX.OQ)
23 Jul 2014
Power Solutions International, Inc., incorporated on August 12, 2011, is a global producer and distributor of a ranges of high performance, certified low emission, power systems for original equipment manufacturers of off-highway industrial equipment. The Company's power system configurations range from a basic engine block integrated with appropriate fuel system components to completely packaged power systems that include any combination of cooling systems, electronic systems, air intake systems, fuel systems, housings, power takeoff systems, exhaust systems, hydraulic systems, enclosures, brackets, hoses, tubes and other assembled componentry. The Company's power systems are primarily spark-ignited, running on alternative fuels such as natural gas and propane. The Company designs, develops, manufactures, distributes and provides after-market support for its power systems for industrial OEMs in a range of industries with a diversified set of applications. In April 2014, Power Solutions International Inc acquired acquired Professional Power Products Inc.
The Company's power systems are used in stationary electricity generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment, aircraft ground support equipment, construction and irrigation equipment, and other industrial equipment. For these applications, the Company's low-emission, alternative fuel power systems, which range in size from under 1 liter to over 22 liters and meet, and in many cases produce emissions at levels lower than those required by, emission standards of the EPA and CARB, represent a cleaner, and less expensive, alternative to diesel fuel power systems. In addition, while the Company's power systems primarily run on alternative fuels, the Company also supply low-emission standard fuel (such as diesel) power systems and are in the process of developing hybrid power systems.
Power Systems for Off-Highway Industrial Equipment
The Company's power systems are customized to meet specific industrial OEM application requirements. Power system configurations range from a basic engine block integrated with appropriate fuel system components to completely packaged power systems that include any combination of cooling systems, electronic systems, air intake systems, fuel systems, housings, power takeoff systems, exhaust systems, hydraulic systems, enclosures, brackets, hoses, tubes and other assembled componentry.
The Company's power systems include EPA and CARB emission-certified spark-ignited water-cooled internal combustion engines ranging from 0.97 liters to 22.1 liters, which use alternative fuels and gasoline, non-certified spark-ignited water-cooled internal combustion engines ranging from 0.65 liters to 22.1 liters, which similarly use alternative fuels and gasoline, and emission-certified Perkins engines ranging from 0.5 liters to 7.1 liters, which use diesel fuel. The Company's diesel and alternative fuel power systems use water-cooled (as opposed to air-cooled), multi-cylinder engines. The Company is also developing hybrid power systems.
The Company offers EPA and CARB emission-certified power systems, including 0.97 liter to 22.1 liter spark-ignited power systems that use alternative fuels, for stationary emergency and non-emergency power generation products. Emergency engines are stationary engines which operate in emergency situations and during required periodic testing and maintenance. The Company supplies its power systems to a substantial number of manufacturers of power generation products.
Oil and Gas
The oil and gas market category includes oil field pumps, progressing cavity pumps, and other components and machines used in drilling, evaluation, completion and production of oil and gas assets. The Company is developing relationships with oil and gases companies for their well head jacks, compressors and power generators.
Material Handling-Forklift Trucks.
The material handling market category includes forklift trucks and other mobile products used for movement, handling and storage of materials within a facility or at a specific location. The Company provides spark-ignited power systems into the high volume 1.5, 3.5 and 5 ton capacity forklift market.
Aerial Work Platforms
The aerial work platforms market category consists of aerial work platforms, or machines used to provide access to areas inaccessible because of their height. Rental companies represent a majority of all purchasers in this industry category. The Company sells its liquid propane gas/gasoline dual fuel power systems to aerial work platform OEMs.
The industrial indoor sweeper market category consists of machines that clean and sweep various indoor surfaces. The power systems for this market category use both spark-ignited and diesel engines, as well as electric motors. The Company sells its 30 to 80 horsepower liquid propane gas and gasoline power systems to industrial indoor sweeper OEMs.
The arbor products market category includes wood chippers and grinders. The Company provides engines to four of the OEMs of wood chippers in the United States. The Company also designs and manufactures its own power take-off clutch, which may be applied to any of its arbor product power systems.
Other Engine Power Products
The Company designs and manufactures its own Power Take Off (PTO) clutch assemblies, which are mechanical components that drive separate power to various parts of a given piece of industrial equipment, for industrial applications. The Company's PTO clutch assemblies are designed for heavy duty industrial applications. Through the Company's global sourcing capabilities, the Company supplies engine packaging, subsystems, kits and componentry associated with cooling systems, electronic systems, air intake systems, fuel systems, housings and power takeoff systems, exhaust systems, hydraulic systems and enclosures to industrial OEMs for incorporation into their applications, in addition to the complete engine power systems the Company provides to these OEMs.
The Company offers connected asset services through MasterTrak, its telematics tool, which consists of a hardware unit and related services. This hardware unit is integrated into OEM equipment, collects critical data from this equipment and transmits this data back to an OEM, service provider or end-user through wireless telecommunications technology. The services allow the Company's customers to see the data and monitor the performance of their equipment. The Company provides services to its OEM customers that allow these OEMs and their customers to remain connected to their equipment, even as the equipment is being operated in the field. Through MasterTrak, the Company provides its OEM customers and their customers the ability to tracks the location and functional status (including maintenance requirements) of their assets in real-time via Web access and automated alerts.
The Company competes with Westport Innovations, Inc., Fuel System Solutions and Woodward Governor, Inc.
Power Solutions International Inc
201 MITTEL DRIVE
WOOD DALE IL 60191