Powin Corp (PWON) 2.0000 $PWON
Powin's subsidiary signs agreement for USD25m investment from SF Suntech
M2 - Mon Aug 11, 7:52AM CDT
A contract manufacturer of OEM parts, Powin Corporation's (OTCQB
WON) wholly-owned subsidiary, Powin Energy Corporation signed an agreement with a wholly-owned subsidiary of Shunfeng Photovoltaic International Limited, SF Suntech Inc, for an investment of USD25m, the company revealed on Saturday.
Powin Corporation Secures $25 Million Investment in Its Energy Storage Technology
Business Wire - Fri Aug 08, 1:52PM CDT
Powin Corporation (OTCQB WON) today announced that its wholly-owned subsidiary, Powin Energy Corporation, has signed an agreement for an investment of $25,000,000 from SF Suntech, Inc., a Delaware corporation ("SF Suntech"
, a wholly-owned subsidiary of Shunfeng Photovoltaic International Limited ("Shunfeng" , pursuant to a Share Subscription Agreement which also granted SF Suntech an option exercisable within two years to acquire another 30% of Powin Energy Corporation for $37,500,000. Pursuant to the terms of the Share Subscription Agreement, $5,200,000 of the $25,000,000 will be used by Powin Energy Corporation to pay off a loan owing to its parent corporation, Powin Corporation, and the balance will be used by Powin Energy Corporation for working capital and other purposes. Pursuant to a related Shareholder Agreement, SF Suntech will appoint four directors from a seven-person board of Powin Energy upon completing the $25,000,000 investment. Powin Corporation will be paying a 6% finder's fee to an unrelated party in connection with this transaction. Subject to the terms and conditions of the Share Subscription Agreement, the transaction is scheduled to close on August 29, 2014.
Powin Energy Will Build Three EV Charging Stations for Kanematsu USA/EV Collective
Business Wire - Tue Sep 10, 11:00AM CDT
Powin Energy, a wholly owned subsidiary of Powin Corporation (OTCQB WON), announced today it has secured a purchase order to build three units of an electric vehicle fast charging station for Kanematsu USA, whose EV Collective division is a leader in manufacturing and technologies that serve the electric vehicle industry.
OTC Daily Alert Stock Watch - Powin Corporation (OTCQB: PWON)
WorldStockWire - Fri Sep 06, 10:30PM CDT
OTC Daily Alert tracks stocks daily and is pleased to offer features on public companies. Investors can receive FREE Stock Alerts and company news and profiles by visiting OTC Daily Alert at the following: http://www.otcdailyalert.com
Powin Corporation Forms Unified Manufacturing Subsidiary
Business Wire - Thu Jul 25, 11:42AM CDT
Powin Corporation (OTCQB WON), a Tualatin, Oregon-based OEM and direct manufacturer, announced today that it has formed Powin Manufacturing Corporation, a new subsidiary combining its three existing manufacturing facilities: Quality Bending & Fabrication (QBF) and CoSource USA in Tualatin, OR, and Powin Mexico in Saltilla, Coahuila, Mexico. The strategic move will strengthen the company's competitive position as a domestic and near-shore producer of precision metal parts for the automotive and truck industries, and for major machinery and equipment manufacturers.
Energy Northwest tests wind power storage system
By SHANNON DININNY - AP - Mon Jul 01, 5:35PM CDT
YAKIMA, Wash. (AP) — Researchers in the Pacific Northwest are testing and evaluating a new power storage system that could help store excess electricity generated by the region's many wind farms.
Powin Energy Appoints Jeffrey Grumbling as President and CEO
Business Wire - Wed May 22, 10:55AM CDT
Powin Energy, a wholly owned subsidiary of Powin Corporation (OTCQB: PWON), announced today it has appointed Jeffrey Grumbling as the company's President and Chief Executive Officer. Mr. Grumbling will lead Powin Energy's efforts to bring its new battery and energy storage technologies to large scale commercial production and distribution.
Powin's subsidiary signs agreement for USD25m investment from SF Suntech
M2 - Mon Aug 11, 7:52AM CDT
A contract manufacturer of OEM parts, Powin Corporation's (OTCQB
WON) wholly-owned subsidiary, Powin Energy Corporation signed an agreement with a wholly-owned subsidiary of Shunfeng Photovoltaic International Limited, SF Suntech Inc, for an investment of USD25m, the company revealed on Saturday. Powin Corporation Secures $25 Million Investment in Its Energy Storage Technology
Business Wire - Fri Aug 08, 1:52PM CDT
Powin Corporation (OTCQB
WON) today announced that its wholly-owned subsidiary, Powin Energy Corporation, has signed an agreement for an investment of $25,000,000 from SF Suntech, Inc., a Delaware corporation ("SF Suntech" , a wholly-owned subsidiary of Shunfeng Photovoltaic International Limited ("Shunfeng" , pursuant to a Share Subscription Agreement which also granted SF Suntech an option exercisable within two years to acquire another 30% of Powin Energy Corporation for $37,500,000. Pursuant to the terms of the Share Subscription Agreement, $5,200,000 of the $25,000,000 will be used by Powin Energy Corporation to pay off a loan owing to its parent corporation, Powin Corporation, and the balance will be used by Powin Energy Corporation for working capital and other purposes. Pursuant to a related Shareholder Agreement, SF Suntech will appoint four directors from a seven-person board of Powin Energy upon completing the $25,000,000 investment. Powin Corporation will be paying a 6% finder's fee to an unrelated party in connection with this transaction. Subject to the terms and conditions of the Share Subscription Agreement, the transaction is scheduled to close on August 29, 2014. Powin Energy Will Build Three EV Charging Stations for Kanematsu USA/EV Collective
Business Wire - Tue Sep 10, 11:00AM CDT
Powin Energy, a wholly owned subsidiary of Powin Corporation (OTCQB
WON), announced today it has secured a purchase order to build three units of an electric vehicle fast charging station for Kanematsu USA, whose EV Collective division is a leader in manufacturing and technologies that serve the electric vehicle industry. OTC Daily Alert Stock Watch - Powin Corporation (OTCQB: PWON)
WorldStockWire - Fri Sep 06, 10:30PM CDT
OTC Daily Alert tracks stocks daily and is pleased to offer features on public companies. Investors can receive FREE Stock Alerts and company news and profiles by visiting OTC Daily Alert at the following: http://www.otcdailyalert.com
Powin Corporation Forms Unified Manufacturing Subsidiary
Business Wire - Thu Jul 25, 11:42AM CDT
Powin Corporation (OTCQB
WON), a Tualatin, Oregon-based OEM and direct manufacturer, announced today that it has formed Powin Manufacturing Corporation, a new subsidiary combining its three existing manufacturing facilities: Quality Bending & Fabrication (QBF) and CoSource USA in Tualatin, OR, and Powin Mexico in Saltilla, Coahuila, Mexico. The strategic move will strengthen the company's competitive position as a domestic and near-shore producer of precision metal parts for the automotive and truck industries, and for major machinery and equipment manufacturers. Energy Northwest tests wind power storage system
By SHANNON DININNY - AP - Mon Jul 01, 5:35PM CDT
YAKIMA, Wash. (AP) — Researchers in the Pacific Northwest are testing and evaluating a new power storage system that could help store excess electricity generated by the region's many wind farms.
Powin Energy Appoints Jeffrey Grumbling as President and CEO
Business Wire - Wed May 22, 10:55AM CDT
Powin Energy, a wholly owned subsidiary of Powin Corporation (OTCQB: PWON), announced today it has appointed Jeffrey Grumbling as the company's President and Chief Executive Officer. Mr. Grumbling will lead Powin Energy's efforts to bring its new battery and energy storage technologies to large scale commercial production and distribution.
