Power Solutions International Inc (PSIX.OQ) Company Profile | Reuters.com
Edition:
United States

Profile: Power Solutions International Inc (PSIX.OQ)

PSIX.OQ on NASDAQ Stock Exchange Capital Market

17.09USD
29 Jun 2016
Change (% chg)

$0.36 (+2.15%)
Prev Close
$16.73
Open
$17.04
Day's High
$17.24
Day's Low
$16.74
Volume
7,415
Avg. Vol
16,879
52-wk High
$54.71
52-wk Low
$7.63

Power Solutions International, Inc., incorporated on August 12, 2011, is a producer and distributor of a range of low-emission power systems that run on non-diesel fuels, such as natural gas, propane and gasoline. The Company's industrial power systems are used by original equipment manufacturers (OEMs) in a range of industries with a diversified set of applications, including 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. The Company provides alternative fuel power systems for OEMs of off-highway industrial equipment and on-road medium trucks and busses. In addition to its emission-certified power systems, the Company produces and distributes non-emission-certified power systems for industrial OEMs for particular applications in markets without emission standards (oil and gas equipment used in Canada).

Power Systems for 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 include Environmental Protection Agency (EPA) and California Air Resources Board (CARB) emission-certified spark-ignited water-cooled internal combustion engines ranging from 0.97 liters to 22 liters, which use alternative fuels and gasoline; non-certified spark-ignited water-cooled internal combustion engines ranging approximately 22 liters, which use alternative fuels and gasoline, and emission-certified Perkins engines ranging from 0.5 liters to 7.1 liters, which use diesel fuel. Its diesel and alternative fuel power systems use water-cooled (as opposed to air-cooled) multi-cylinder engines.

The Company offers EPA and CARB emission-certified power systems, including 0.97 liter to 22 liter 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. Non-emergency products include prime power generation products, which produce continuous generation of power for an extended period of time and peak shaving products, which generate power at times of maximum power demand. The oil and gas market category includes oil field pumps/components, compressors, on-site power generation, and other machines and equipment used in the production of oil and gas. The Company is continuing to develop relationships with oil and gas companies for their well head jacks, compressors and power generators. It provides pre-certified, as opposed to site-certified, power systems.

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 volume of approximately 1.5, 3.5 and five tons capacity forklift markets. The aerial work platforms market category consists of aerial work platforms or machines used to provide access to areas typically inaccessible because of their height. 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 OEMs of wood chippers in the United States. It also designs and manufactures its power take-off clutch. It provides power systems within other industrial OEM markets, including welding, airport ground support, agricultural, turf, construction and irrigation.

Power Systems for On-Road and Off-Road equipment

The Company has an approximately 8.8 liter fuel flexible engine that it sells into both the industrial market (off-road) and the truck and bus market (on-road). This engine is designed to be integrated as a drop-in solution for both off-road and on-road OEM applications.

Other Engine Power Systems Products

The Company designs and manufactures its 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. Its PTO clutch assemblies are designed for heavy duty industrial applications. It 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 integration into their applications, in addition to the complete engine power systems it 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 data from this equipment and transmits this data back to an OEM, service provider or end user through wireless telecommunications technology. It offers MasterTrak with its engine power systems as a bundled offering and also on a stand-alone basis both to its OEM customers and to other businesses, to which it do not supply its power systems. The Company in a relationship with SmartEquip integrates MasterTrak into SmartEquip's aftermarket service platform for industry suppliers.

Service and Support

The Company has aftermarket and service parts programs: internal aftermarket service parts programs with global sales and distribution capabilities and internal OEM developed service parts programs for components and products supplied by it. It also developed stocking programs and maintenance kits that enable OEMs, service dealers and distributors to reduce downtime and increase product use. It provides technical support and training to its OEM customers. These services include in-plant training and support through Web and phone based field service.

The Company competes with Westport Innovations, Inc., Fuel System Solutions and Woodward Governor, Inc.

Company Address

Power Solutions International Inc

201 Mittel Dr
WOOD DALE   IL   60191-1116
P: +1630.3509400
F: +1630.3509900

Company Web Links