Power-One (PWER)

Website: www.Power-One.com

"One Of The World's Ten Largest Providers Of Power Conversion And Management Solutions,"

• Announced net sales of $142 million for the fourth quarter ended January 3, 2010, an increase of 9% from the fourth quarter 2008. Net income attributable to common shareholders for the fourth quarter was $5.4 million, or $0.05 per diluted share, compared to a profit of $1.7 million, or $0.02 per diluted share for the same period last year.

• Both renewable energy and power products recorded strong sequential revenue gains in the fourth quarter 2009, with a positive outlook for 2010.

• Renewable energy generated 48% of total revenue in the quarter, versus 14% in the fourth quarter of 2008.

• Gross margin continued to expand for the third consecutive quarter, improving to 28.9% in the fourth quarter of 2009, compared with 22.0% for the same period last year.

• Total 90-day backlog showed extraordinary growth, as Power-One posted $121 million in 90-day backlog.

• The cash balance at the end of the fourth quarter was $90 million, up from $76 million at the end of the third quarter of 2009.

• Recently announced that it has entered into a non-exclusive, worldwide, Field of Use agreement with Ericsson AB Power Modules division. The agreement licenses certain of Power-One’s digital power technology patents to Ericsson Power Modules, which will design and manufacture modular digital point of loads for board mounted applications using the licensed DPT.

• Recently announced that it has delivered its 2.5 megawatt (MW) Inverter for use in large off-shore and on-shore wind turbines to a leading US wind turbine manufacturing company. It is expected that the inverters will be deployed in an off-shore European multi-gigawatt (GW) wind farm under development.

Recent News and Press Releases

Power-One, Inc. Announces Digital Power Technology Patent License with Lineage Power

Power-One Posts Solid Fourth Quarter 2009 Results

Power-One to Present at Thomas Weisel Partners Technology & Telecom Conference 2010

Power-One, Inc. Announces Digital Power Technology Patent License Agreement with Major Communication Technology Vendor

Power-One Enters Mega Wind Market with Delivery of Its 2.5 Megawatt Inverter

For the latest Quote and News on PWER Click Here.

Products

Power-One’s focus on high-efficiency “green” power solutions has proven to provide a wide range of customer benefits: Reduced energy consumption, Increased power densities, Better performance in elevated ambient-temperature environments, Less dissipated heat lowers system and site-level cooling costs, Improved energy harvesting in alternative-energy applications.

The Company recently announced that it has delivered its 2.5 megawatt Inverter for use in large off-shore and on-shore wind turbines to a leading US wind turbine manufacturing company. It is expected that the inverters will be deployed in an off-shore European multi-gigawatt wind farm under development.

With the delivery of the 2.5 MW Inverter as its entry into the large wind market, Power-One has built on its leading technology to provide the renewable energy industry with solutions for large-scale projects. The current design will support towers with a capacity of 5-6 MW, as well as for future designs with capacities over 10 MW. Further, the inverter incorporates liquid-cooling technology and medium voltage, designed to reduce customers’ footprint and cabling costs.

In almost all instances this is where we would delve into a Company's products and/or services. In the case of Power-One their are truly to many to list. We strongly recommend that you visit their website at http://www.power-one.com for details.

Three Month Chart

Management

Richard J. Thompson - President and Chief Executive Officer

Mr. Thompson joined the Board of Directors in August, 2007. He has had a distinguished career in public company finance and accounting positions since 1981. From May 2005 to March 2007, he served as Senior Vice President, Finance and Chief Financial Officer of American Power Conversion Corporation, a $2 billion dollar provider of real-time computing and data center infrastructure products and services (acquired by Schneider Electric in February, 2007). From 1990 to 2005, Mr. Thompson served as Vice President, Finance, and Chief Financial Officer of Artesyn Technologies, a public company involved in the design, manufacture and sale of power conversion and embedded board solutions for infrastructure applications in server and storage, networking, wireless and telecommunications systems. Prior to joining Artesyn in 1990, Mr. Thompson held multiple finance and accounting positions at high-technology firms including Control Data Corporation from 1986 to 1990, Fairchild Semiconductor from 1983 to 1986, and Schlumberger Limited from 1974 to 1983. Thompson earned his BBA (Accounting) in 1971 from Lamar University in Beaumont, Texas.

Neil Dial - Senior Vice President Operations

Neil Dial joined Power-One in October 2008 as Senior Vice President, Operations. Prior to joining the Company, Mr. Dial served as Vice President, North American Operations, at Plexus Corporation, an electronic manufacturing service provider. From April 2005 to April 2007, Mr. Dial served as a Brigadier General and Deputy Chief of Staff, Intelligence, for the United States Department of the Army. From March 2001 to March 2005, Mr. Dial was Vice President, Operations, at Plexus Corporation. Mr. Dial has also held senior management positions at Dell Computer, Adflex Solutions, Motorola, and Texas Instruments. Mr. Dial graduated from the University of Northern Iowa with a BA in Business Administration in 1974 and from the University of Northern Colorado in 1977 with a Masters in Management.

Linda C. Heller - Senior Vice President, Finance, Treasurer And Chief Financial Officer

Ms. Heller joined Power-One in July 2008 as Senior Vice President, Finance, Treasurer and Chief Financial Officer. Before joining PWER, Ms. Heller was most recently Vice President, Investor Relations at Applied Materials Inc. Before joining Applied Materials, she was Vice President, Finance, at Amgen, where her last position was heading global operations finance. Before joining Amgen, Ms. Heller held positions at Johnson & Johnson, Pharmacia, Silicon Graphics, and Salomon Brothers serving in finance, investor relations, marketing, and M&A roles. Ms. Heller holds an M.S. in Management from the M.I.T Sloan School of Management and a B.A. Economics from Rice University. 

Contacts

Power-One Inc.

740 Calle Plano
Camarillo, CA 93012
Phone: 805-987-8741
Fax: 805-388-0476

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