3Pi signs supply deal with energy solutions provider

WOOD DALE - 3Pi, a wholly owned subsidiary Professional Power Products, has signed a supply agreement valued at just over $20 million.

Under the agreement's terms, 3Pi will supply highly customized power generation systems to a major integrated energy solution provider, with shipments beginning in the third quarter of 2016 and concluding in the first quarter of 2017. The company did not provide the name of the client.

The agreement represents 3Pi's first large distributed generation order and illustrates 3Pi's custom design capabilities.

"This is a significant win for 3Pi that demonstrates the value of the unique synergies between 3Pi and PSI. It also marks another positive step in our turnaround efforts for 3Pi's business and positions 3Pi to contribute approximately 10 to 15 percent of our consolidated revenue in 2016," said Gary Winemaster, PSI's Chairman and Chief Executive Officer. "The growth opportunities that we see within demand response, microgrid and CHP are significant and validate 3Pi's focus in the distributed energy market."

3Pi designs, manufactures, and sells custom-engineered, integrated electrical generation systems for the demand response, microgrid, combined heat and power and standby/prime power markets. PSI/3Pi design teams custom engineered the power systems, which utilize a special version of PSI's low-emission, heavy-duty engine. The teams worked closely with the client to optimize efficiency, reduce noise, minimize space and lower overall operating costs. PSI's proprietary engine technology enabled the new packages to achieve performance requirements while also meeting the client's stringent durability needs.