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Pioneer Power awarded initial service contract by home improvement retailer » 08:11
12/21/20
12/21
08:11
12/21/20
08:11
PPSI

Pioneer Power

$3.98 /

+0.1001 (+2.58%)

Pioneer Power announced…

Pioneer Power announced that it has been awarded an initial service contract for preventative maintenance and repairs by a home improvement retailer in the U.S. The company will provide scheduled generator preventative maintenance and emergency repair services for the retailer's engine generator equipment assets at 24 of its more than 300 store locations beginning January 1, 2021.

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PPSI Pioneer Power
$3.98 /

+0.1001 (+2.58%)

Over a month ago
Hot Stocks
Pioneer Power secures $3.5M order from international container shipping company » 08:05
12/10/20
12/10
08:05
12/10/20
08:05
PPSI

Pioneer Power

$3.81 /

-0.51 (-11.81%)

Pioneer Power announced…

Pioneer Power announced that it has secured a $3.5M order from a large international container shipping company. Pioneer Power will supply a highly customized energy solution, including two integrated power centers with redundant 15kv medium voltage switchgear, an integrated power control building and an integrated double-ended 750kva unit substation. This equipment will help deliver reliable and redundant power to the shipping company's main terminal in Hawaii. The company expects to ship the solution by June of 2021. Nathan Mazurek, Pioneer Power's CEO, commented, "Pioneer Power continues to win business because of our proven ability to customize solutions for unique electrical and mechanical applications. This order, combined with our existing backlog and growing demand for our expertise, gives us increased confidence that our switchgear business revenue and profit should grow notably during 2021 when compared to 2020."

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PPSI Pioneer Power
$3.81 /

-0.51 (-11.81%)

Hot Stocks
Pioneer Power announces conclusive settlement with Myers Power Products » 08:10
12/04/20
12/04
08:10
12/04/20
08:10
PPSI

Pioneer Power

$3.54 /

+ (+0.00%)

Pioneer Power announced…

Pioneer Power announced that it has finalized a conclusive settlement with Myers Power Products. As previously disclosed, in January of 2016, Myers filed suit with the Superior Court of the State of California, County of Los Angeles, against Pioneer Power, Pioneer Custom Electrical Products Corp. and two PCEP employees who are former employees of Myers, alleging, among other things, that Pioneer Power wrongly used and retained confidential business information of Myers. Myers obtained two preliminary injunctions that, among other things, prohibited Pioneer Power from distributing a one-time special cash dividend to its shareholders and pursuing certain strategic transactions. As part of the settlement, these injunctions were dissolved, and all litigation and appeals related to the action have been dismissed with prejudice. The parties executed full releases of all known and unknown claims, thereby eliminating all such restrictions on Pioneer Power. Terms of the settlement were not disclosed.

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    Over a quarter ago
    Syndicate
    Pioneer Power files $25M mixed securities shelf  16:53
    10/20/20
    10/20
    16:53
    10/20/20
    16:53
    PPSI

    Pioneer Power

    $3.16 /

    +0.54 (+20.61%)

     
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