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Frost & Sullivan Names Palladium Energy “2012 Entrepreneurial Company of the Year”



December 11, 2012 (CHICAGO) Palladium Energy, Inc. (Palladium), a leading manufacturer of custom lithium-based battery packs, battery chargers and power supplies, announced today that it has received Frost & Sullivan’s prestigious “2012 North American Entrepreneurial Company of the Year” award in the lithium-ion battery market. The accolade comes just weeks after Palladium announced the acquisition of MicroSun Technologies, LLC, becoming the largest independent battery pack integrator in the Americas and Europe.

As a leading global research organization with a 50-year history of monitoring and analyzing more than 300 industries, Frost & Sullivan selected Palladium due to the battery pack manufacturer’s growth strategy and implementation excellence, product and technology innovation, leadership in customer value and speed of response to market needs.

Specifically, Frost & Sullivan’s research revealed that some of the world’s largest original equipment manufacturers (OEMs) trust Palladium to procure the right technology based on custom specifications. Moreover, 90 percent of the time, Palladium re-engineers battery pack specifications to increase safety, reliability and performance. Palladium is also home to the industry’s only independent CTIA-authorized testing and qualification facility, IQ Laboratories.  Combined, these assets have enabled Palladium to manufacture more than 550 million battery packs over 38 years without a major recall, and obtain leadership positions in markets such as medical, military, industrial, commercial and consumer electronics.

“Unlike low-cost manufacturers that may sacrifice performance or safety to achieve the lowest possible cost, Palladium adds value to a customer’s product by designing battery packs that achieve a perfect balance between specific energy, specific power, safety, life span, and cost,” said Vishal Sapru, research manager and growth consultant, energy and power systems at Frost & Sullivan. “Our ‘Entrepreneurial Company of the Year’ award is selected using analyst research and a stringent methodology. We’re proud to designate this year’s award to Palladium for delivering excellence and best practices in the lithium-ion battery market.”

“We sincerely appreciate the recognition Frost & Sullivan has given our company as a strategic, innovative partner in the marketplace,” said John Gatti, president and chief executive officer of Palladium Energy. “At Palladium, we’re dedicated to leading the industry and challenging what’s possible when it comes to world-class innovative custom power solutions. Our recent acquisition of MicroSun Technologies is an example of this commitment, and this prestigious award affirms our past success and future positioning.”


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About Palladium Energy
Palladium Energy, founded in 1974, is a leading global provider of high-performance power solutions, including custom battery packs, battery chargers, power supplies and electromechanical assemblies for a wide variety of markets, including medical, military, commercial, industrial and consumer electronics. 

With headquarters in Woodridge, Ill., and manufacturing facilities in the United States, Brazil China and Malaysia, Palladium combines decades of technology expertise with innovative and flexible engineering, testing, qualification and manufacturing capabilities to meet any power challenge. For more information, visit www.palladiumenergy.com and follow @PalladiumEnergy on Twitter.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. For more information, visit http://www.frost.com.


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2012 North American Entrepreneurial Company of the Year

Today, we announced that we’ve received Frost & Sullivan’s prestigious “2012 North American Entrepreneurial Company of the Year” award.

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Introducing our Engineering and Technology Center of Excellence

Wednesday, June 19, 2013
Last Thursday, we expanded our engineering research and development capabilities by adding a new Engineering and Technology Center of Excellence (here's the press release).  The 6,000-square foot expansion gives us more than 10,000-square feet of engineering and testing space under one roof. The world-class facility provides the additional resources needed to innovate the power solutions industry into the future.

At a ribbon cutting ceremony, our employees, partners and customers got a first look at the next-generation addition, which features a secure research and development area and a state-of-the-art testing lab area.  Situated adjacent to our on-site manufacturing plant in Woodridge, Ill., it also furthers our Made-in-America capabilities.  

 The Engineering and Technology Center of Excellence will serve as our United States research and development hub, collaborating with nearly 100 degreed engineers, including four PhDs around the globe, to solve our customers’ portable power needs.

 

 

The battery packs and chargers developed within this facility will power end use devices ranging from portable medical devices to military electronics to data center uninterruptible power systems. By opening this next-generation facility, we’re affirming our commitment to developing innovative, custom battery packs and chargers that allow our customers to differentiate themselves in the marketplace. 

- Rebecca Kritzman, director of marketing and communications

Saluting our own this Memorial Day

Saturday, May 25, 2013

At Palladium Energy, we manufacture lithium-based battery packs and battery chargers for many industries, including medical, data capture and data storage devices and consumer electronics.  But perhaps we’re most proud of the battery packs and chargers that we manufacture for the United States military. These power solutions withstand the harshest, most physically demanding environments for military needs – keeping our servicemen and women powered and safe.

Our customized power solutions support handheld and manpack radios, military PDAs and computers, unmanned aerial vehicles, forward mission devices, military vehicle applications — virtually any electronic device required for the mission.

In fact, our passion for innovation has yielded us exclusive rights to the patented phase change material (PCM). The outstanding thermal management characteristics of PCM make it possible for lithium-ion batteries to be a viable option for high-power and high-temperature military applications.

Many of Palladium’s military customers know Mark Batts, our division technical lead.  Mark helps our company deliver military battery packs ranging from early prototypes to finished products.  But what our customers might not know is that Mark is actually a veteran, having served in the U.S. Army Reserves from 1990 to 1998 as an Automated Logistical Specialist (92A).  During his military career, Mark was promoted to Sergeant (E-5) and was a squad leader.

"Years ago I used the GI Bill and my drill compensation to pay for college.  Today, I’m using what I learned in college to support the military – bringing my career full circle,” Mark said.

Mark has been a Palladium team member since early 2011, creating solutions for the military’s unique design challenges and improving on existing technologies to provide our servicemen and women rapid and valuable power supplies.  As a veteran, Mark brings added value to our company since he understands the unique requirements that soldiers need to stay powered in the battlefield.

“As a veteran, I enjoy the interaction with today’s modern soldiers and the engineering challenge to make their jobs easier and safer,” he said.  “Having the privilege to support them is a job perk here at Palladium.”

At Palladium, we’re proud to employ numerous veterans and are extremely grateful for their service. It’s gratifying to play a small part in protecting our country and keeping America’s heroes safe.  From all of us – Happy Memorial Day!

- Rebecca Kritzman, director of marketing and communications

BATTERy UP: Lithium Batteries and America’s Favorite Pastime

Wednesday, May 08, 2013

In baseball, the term “battery” refers jointly to the pitcher and the catcher.  My beloved baseball battery is the Brave’s Tim Hudson and Brian McCann; but what most spectators don’t realize is that America’s favorite pastime wouldn’t be possible without reliable and long-lasting lithium batteries.

MLB Press BoxToday, everyone from sports journalists to coaches to paramedics to box office agents rely on portable battery power to send, receive and store information.  Further, lithium’s green properties, small, light-weight profile and extended life make it the perfect chemistry for these sporty portable devices.

So, next time I’m at a Braves game, you can bet that when Fredi Gonzalez confers with his bullpen coaches, he’ll have portable electronic battery power to thank.  And if the power goes out (a la Super Bowl XLVII), you can count on battery power to keep the scoreboard lit.  And when you use your credit card to buy peanuts and cotton candy, the vendor will rely on the battery power in its data capture device to process your purchase. 

The transmission of communication and storage of data are critical to large-scale sporting events, like Major League Baseball (MLB) games. Moreover, portable devices must meet increasing demand for long-lasting life.  That’s why today’s batteries must swing-for-the-fences in order to survive nine innings.  In addition, since the MLB season consists of 162 games over six months, batteries that power the game must be able to perform in a range of environments, climates and temperatures.

Interested in learning more about portable lithium power? Contact us.

-       Rebecca Kritzman, director of marketing and communications

Assembly Magazine spotlights Palladium Energy for its Advanced Battery Pack Manufacturing Capabilities

Thursday, May 02, 2013
When it comes to U.S. design and manufacturing news, industry experts turn to Assembly Magazine.  So, we are excited to be highlighted in the publication’s May 2013 issue!  Click here to read the full article.

Recently, Assembly Magazine’s senior editor, Austin Weber, visited Palladium Energy’s manufacturing and testing facility in Woodridge, Ill. for an up-close look at our 55,000 square-foot (and growing!) plant.   Our senior manufacturing manager, Steve Hagemaster, showed Austin our battery and charger assembly lines, SMT capabilities, safety testing and more.

In addition, our vice president of operations, Bob Sweeney, talked with Austin about next-generation battery assembly trends and processes.  Here’s an excerpt from this month’s article:

Palladium Energy recently implemented a new program involving robotics and automation. “This worked great for us, since the program was one product with high volumes,” Sweeney points out. “Most of the automation was centered around mechanical, dimensional and electrical functional testing. We want to take this experience and see if we can apply it economically to the larger part of our business that is lower volume with much higher mix.”

Palladium Energy specializes in engineered custom batteries for a variety of industries, ranging from medical to defense, rather than manufacturing large quantity AA alkaline batteries for consumer consumption.

“We have reasonable volumes in our consumer-oriented products, but generally we are faced with the challenge of lower volumes and higher mix,” explains Sweeney. “Most of our processes are manual and semiautomatic. So, for us, we think more about economies of scope.”

Interested in our Made-in-America battery packs and power supplies? Click here to request a custom quote.

- Rebecca Kritzman, director of marketing and communications


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