Powin Energy, a wholly owned subsidiary of Powin Corporation (OTC QB: PWON), announced today it has entered a strategic partnership with the Oregon Institute of Technology (Oregon Tech) to provide battery testing equipment to Oregon Tech’s Wilsonville Campus, for use by students and faculty of the Renewable Energy Engineering program. The company will also initiate a student internship program with Oregon Tech.
The addition of new equipment will complement capabilities of the Wilsonville lab and create state-of-the-art battery testing facility unique for Oregon. The Oregon Tech students will have an opportunity to conduct advanced experiments on batteries while earning senior project credits. The data from tests will be publically disseminated and will help provide needed technical information for companies that design and use battery products.
“We are excited to initiate this collaborative project with Oregon Tech’s Renewable Energy Engineering program,” said Virgil Beaston, Chief Technology Officer at Powin Energy. “The partnership will not only benefit Oregon Tech students in the renewable energy field, it will also provide us with valuable information about the performance of our own batteries, systems and technology.”
Beginning this month, the Oregon Tech team will conduct a series of tests on lithium ion batteries provided by Powin Energy aimed at evaluating the performance characteristics and predicting the cycle life of battery packs used in Powin Energy’s stationary energy storage system. The testing is expected to produce valuable results that will be published by May 2013.
Powin Energy has also committed to providing Oregon Tech internships under the U.S. Department of Energy Strategic Training and Education in Power Systems (STEPS) program. These may include a full-time summer position for a Klamath Falls-based Embedded Systems student, or a part-time position for a Portland-based student. The program uses Electric Power Engineering Education Partnership
Program funds to support internships in the areas of generation, transmission and distribution of electrical power, energy storage, and design of related power electronic devices.
“In the years ahead, we also hope to explore research opportunities with Oregon Tech that will further the development of renewable energy and energy storage solutions in Oregon,” Beaston added.
For more information about Powin Energy, contact Mike Morse, Powin Energy’s Vice President of Sales and Marketing, at (503) 598-6659 x.127. Details are also available at: www.powinenergy.com
About Oregon Institute of Technology
Founded in Klamath Falls in 1947, Oregon Institute of Technology is one of seven institutions in the Oregon University System, and the only public institute of technology in the Pacific Northwest. Oregon Tech provides degree programs in engineering and health technologies, management, communications and applied sciences that prepare students to be effective participants in their professional, public and international communities through hands-on learning. Oregon Tech has a residential campus in Klamath Falls and a new campus will open in Wilsonville in Fall 2012. The Wilsonville campus is the result of the consolidation of the university's four Portland metro area sites. The university also has sites in West Portland, Salem, La Grande, and Seattle, as well as online degree offerings. Visit www.oit.edu to learn more about Oregon Institute of Technology.
About Powin Energy
Powin Energy (www.powinenergy.com) manufactures and distributes renewable energy and energy efficient lighting products, as well as complete energy storage solutions. Our renewable energy products include, wind and related products, solar energy products, and a full line of rechargeable batteries. Our energy efficient lighting products include LED, T8 fluorescent and T5HO fluorescent.
Powin Energy is backed by the resources and expertise of the Powin Corporation (OTCQB: PWON) a 20-year-old global company recognized around the world as a leader in contract manufacturing and OEM Parts. With eight production facilities on three continents, Powin Corporation gives us the resources to meet customer needs with respect to quality, price and on-time delivery. For more information please visit www.powin.com.
Powin Corporation (“PWON”) 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 http://www.otcmarkets.com/stock/PWON/quote.
