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CAMARILLO, Calif., Nov 13, 2009 (BUSINESS WIRE) -- Power-One, Inc. (NASDAQ:PWER) today announced that it has mutually agreed with Magnetek, Inc. to terminate their Supply and Distribution Agreement, effective immediately. The agreement provided Magnetek with exclusive distribution rights to certain of Power-One's commercial photovoltaic (solar) Aurora(R) products in North America, and non-exclusive distribution rights for certain of Power-One's residential photovoltaic Aurora(R) products, as well as non-exclusive worldwide distribution rights for certain of Power-One's Aurora(R) small wind inverter products.
Power-One will now market its commercial inverter product line in North America through direct sales and other distribution partners, as it does with its residential and small wind inverter products. Power-One currently sells its commercial solar products in Europe and Asia though a mix of direct sales, distributors and OEMs.
Power-One designs and manufactures energy-efficient power conversion and power management solutions for alternative/renewable energy, routers, data storage and servers, wireless communications, optical networking, medical diagnostics, military, railway controls, semiconductor test equipment, and custom applications. Power-One, with headquarters in Camarillo, CA, has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas. For information on Power-One and its products, visit the Company's Web site at www.power-one.com.
SOURCE: Power-One, Inc.
Copyright Business Wire 2009