U.S. Navy awards contract to improve a major asset that supports the nation's Pacific Fleet.
WARWICK, NY., Sept. 22, 2020 (GLOBE NEWSWIRE) -- Ozop Energy Solutions. (OZSC), (“Ozop” or the “Company”), has announced that its wholly owned subsidiary, Power Conversion Technologies, Inc. (PCTI), has been awarded the contract for $290K USD on a project to upgrade a 1 MW power supply that was customized for the U.S. Navy. The power supply will be used in an application for the U.S. Navy at one of the country’s largest naval bases.
The power supply that the U.S. Navy has contracted PCTI to upgrade was originally purchased in 2015 for the Pacific Command, and is being improved as the Navy’s requirements for the classified marine propulsion application have been refined.
The Pacific Command has been working in close collaboration with PCTI for over two years to finalize the U.S. Navy’s requirements to support this effort. “As a military veteran, I am proud to be a part of PCTI. PCTI provides a high-level quality product, with superior reliability and sustainability, which keeps our sailors and their equipment mission ready” said Bill Yargeau, Vice President of Business Development.
PCTI designs, develops and manufactures standard and custom power electronic solutions. The company has served the growing demand for power electronics in the highest power ranges since 1991. Customers include the U.S. Military, and many of the world’s largest industrial manufacturers. All of its products are manufactured in the United States, and its facilities have remained open throughout the COVID-19 pandemic because of its status as a critical infrastructure business.
For more information on PCTI please follow on the link, www.pcti.com.
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About Ozop Energy Solutions.
Ozop Energy Solutions (http://ozopenergy.com/) invents, designs, develops, manufactures, and distributes ultra-high power chargers, inverters, and power supplies for a wide variety of applications in the defense, heavy industrial, aircraft ground support, maritime and other sectors. Our strategy focuses on capturing a significant share of the rapidly growing renewable energy market as a provider of assets and infrastructure needed to store energy.
About Power Conversion Technologies, Inc.
Power Conversion Technologies, Inc. (www.pcti.com) invents, designs, develops, manufactures and distributes standard and custom power electronic solutions. Founded in 1991 and located in East Butler, Pennsylvania, the Company’s mission is to be the global leader for high power electronics with a standard of continued innovation.
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