This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Powin Energy Receives Significant Order For Lithium Rechargeable Battery Products

TUALATIN, Ore., Sept. 21, 2011 /PRNewswire/ -- Powin Corporation (OTC BB: PWON), an Oregon-based OEM and direct manufacturer of outdoor cookware products, gun safes, fitness and recreational equipment, truck parts, plastic products, renewable energy products and furniture for some of America's most well known retailers, today announced that Powin Energy, its wholly-owned subsidiary, has received an initial Purchase Order from LiteSolar for approximately $400,000 for lithium rechargeable battery products.  LiteSolar, is a major installer of carport structures that incorporate solar and energy storage devices for commercial and multi-family environments.

"We appreciate the positive business relationship that we have with LiteSolar and are pleased to begin the process of providing to them the highest quality lithium rechargeable battery products on the market," stated Michael Morse, Vice President of Operations for Powin Energy.  

The initial container of battery product coincides with the construction of solar and battery powered carports being fabricated with parts manufactured by another Powin Corporation subsidiary, Quality Bending and Fabrication, announced in a press release on September 19, 2011.

"The relationship that Powin Corporation shares with LiteSolar clearly epitomizes the synergy that exists amongst the various business units of Powin," according to Joseph Lu, President and Chief Executive Officer of Powin Corporation.

ABOUT LiteSolar:  

LiteSolar is a well funded subsidiary of a 40-year old real estate developer / owner and energy company. Its mission is to make solar energy available to a wide range of clients that otherwise may not be able to make the switch.  Its customers enjoy the simplification of the process that is provided by having its full scope handled in-house, from design, financing and construction, to operation and maintenance.

About Powin Corporation

Powin Corporation was founded in Tigard, Oregon in 1990 by Joseph Lu, a Chinese-American, and has grown into a large international distributor of more than 2,000 original equipment manufacturer products annually as well as being a direct manufacturer.  It leases two plants in Oregon, one in Mexico and, contracts with six in Mainland China and two in Taiwan.  For more information please visit

Powin Corporation trades on OTCQB, the OTC market tier for companies that report to the SEC or a U.S. banking or insurance regulator.  Investors can find Real-Time quotes and market information for the company at .

Contact:Powin Corporation Ronald Horne, CFO ronaldh@powin.com503.612.3004 Paul KnopickE & E Communications pknopick@eandecommunications.com949.707.5365

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.64 -0.11%
FB $118.57 0.84%
GOOG $698.21 0.75%
TSLA $241.80 0.43%
YHOO $36.53 -0.19%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs