FOR IMMEDIATE RELEASE
Powin Energy Enters Strategic Partnership with Oregon Tech
The company will provide battery testing equipment to Oregon Tech Wilsonville
Campus and provide student internships
TUALATIN, Ore., July 2, 2012-- 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 (OIT/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 OIT.
The Wilsonville battery testing lab will offer OIT students a hands-on opportunity to conduct experiments on batteries and battery products while earning senior project credit. In turn, data from tests performed in the lab will be published and will help provide needed technical information for companies that design and use battery products.
“We are excited to initiate this collaborative project with OIT’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.”
Powin Energy is providing lithium ion batteries and related energy storage equipment for the 40-month project, which will involve three Oregon Tech seniors and one faculty member, along with an advisor from Powin Energy. After installation of equipment in the testing lab this month, the Oregon Tech team will conduct a series of tests and experiments designed to assess the performance characteristics of Powin Energy’s lithium ion battery cells. This information is critical to predicting the cycle life of battery packs used in Powin Energy’s stationary energy storage system. A full report on the project will be delivered in May 2013.
Powin Energy has also committed to providing OIT 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 power electronics, electric power, electrochemistry and fuel cells, PV and solar thermal, geothermal, power systems modeling and analysis, distributed power systems, power conditioning and conversion, utility-appropriate energy storage, embedded systems/smart grid technologies, and energy management/efficiency.
“In the years ahead, we also hope to explore research opportunities with OIT 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 1947, Oregon Institute of Technology (Oregon Tech) is one of the seven distinguished institutions belonging to the Oregon University System, and it is the only accredited, public polytechnic university in the Pacific Northwest. Through our educational programs and degrees, our graduates enjoy high success rates. In 2007, 98% of our graduates immediately found jobs within their field with an average starting salary of $48k.
Oregon Institute of Technology is consolidating its four Portland area sites into one state-of-the-art campus in Wilsonville, Oregon on the south end of the Portland metro area. The new campus is located at 27500 SW Parkway, Wilsonville, OR and will officially open for classes on September 24, 2012 for the Fall Term. http://www.oit.edu/wilsonville/explore/about-oit-portland
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.
John Mangan 503.701.7503