TEAL Electronics Receives $1M Order for Solar Power Product
SAN DIEGO, CA. (March 14, 2011) – TEAL Electronics, a San Diego based subsidiary of SL Industries, Inc. (AMEX:SLI), is pleased to announce the receipt of a $1M order from Energy Innovations, another local San Diego company, for product designed specifically for the Solar Power market. This is the initial order for a new TEAL product in a growing product family for the Solar Power industry.
TEAL has delivered the initial units of a very high reliability and ruggedized grid-tied power supply for Energy Innovations’ Sunflower™ highly concentrated photovoltaic (HCPV) tracking system. The grid-tied power supply is a device designed to provide electrical power from the grid to the tracking system of a Solar Array until the Array begins producing power, at which point the power supply transitions off-line.
“TEAL Electronics is excited to partner with Energy Innovations, a leader in the HCPV market” said Don Klein, President of TEAL Electronics. “TEAL has been a leading provider of OEM power subsystems for many years, primarily in the Medical Imaging, Semiconductor Test, and Defense-Aerospace markets. We have recently been focused on growing into the Solar Power market, and this initial win is exciting for the entire company. It is also very appealing to be developing a partnership with another San Diego based company.”
About TEAL Electronics
TEAL Electronics, located in the Sorrento Valley area of San Diego, CA, is a leading developer of integrated power management systems for OEM markets. Using a variety of patented technologies, TEAL will design, test, and build an application-specific power subsystem that precisely meets your needs. For more information about TEAL Electronics and its products, please visit the Company’s web site at www.teal.com.
About SL Industries, Inc.
SL Industries, Inc., TEAL’s parent company, designs, manufactures and markets power electronics, power motion, power protection, tele-protection and communications equipment and systems that is used in a variety of medical, aerospace, computer, data-com, industrial, telecom, transportation and electric power utility applications. For more information about SL Industries, Inc. and its products, please visit the Company’s web site at www.slindustries.com.
About Energy Innovations, Inc.
Founded in 2001 at Idealab, Energy Innovations (EI) has pioneered the development of Highly Concentrated PV (HCPV) as a means to reduce the cost of solar energy. Today, Energy Innovations has developed the world’s highest concentration, most efficient and lowest cost HC PV system. By taking a holistic approach to system design, EI integrates Sunflower’s 29 percent efficient module, two-axis tracker, mounting structure and performance monitoring systems into one turnkey solution, significantly reducing installation time and total installed costs. In this way, Energy Innovations has created the lowest LCOE solar solution available today. Learn more at www.energyinnovations.com.
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TEAL Electronics – We Power Technology™
For more information, contact: TEAL Electronics, 10350 Sorrento Valley Road, San Diego, CA 92121, (858) 558-9000, Fax (858) 558-9500, www.teal.com.
TEAL Electronics Corporation
Kevin Harris, 858.366.7601