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Palladium Energy Acquires MicroSun Technologies, Forming an Industry Powerhouse



Media Contact:
Rebecca Kritzman
404-518-9454
rkritzman@palladiumenergy.com

 

 

Palladium Energy Acquires MicroSun Technologies,
Forming an Industry Powerhouse 

By merging these two Chicago-based companies, Palladium is now the
largest battery pack integrator in the Americas and Europe 

 

November 19, 2012 (CHICAGO) – Palladium Energy, Inc. (Palladium), a Marlin Equity Partners’ (Marlin) portfolio company and leading manufacturer of custom lithium-based battery packs and power supplies, announced today that it has completed the acquisition of MicroSun Technologies, LLC. (MicroSun), an industry leader in customized power solutions. By joining forces with MicroSun, Palladium is now the largest independent battery pack integrator in the Americas and Europe, with a six-country global footprint, world-class design and manufacturing, as well as rapid prototype and response capabilities. Terms of the acquisition were not disclosed.

 

The acquisition significantly expands Palladium’s position in key markets such as medical, military, industrial, commercial and consumer electronics. In addition, Palladium’s intellectual property and technology position is strengthened through the addition of MicroSun’s Dismounted PowerTM platform architecture, delivering innovative safety, product life extension and ruggedized power solutions for mission critical applications.

 

“By blending Palladium and MicroSun’s technical expertise, supply partnerships, industry leading testing and qualification, and global lean manufacturing capabilities, we are confident that Palladium will lead the industry and challenge what’s possible when it comes to best-in- class custom power solutions,” said Bob Leggett, operating partner at Marlin.

 

Alan ElShafei, MicroSun’s founder and chief executive officer, is now a shareholder of Palladium and will be added to the company’s board of directors.

 

“Since founding MicroSun in 2003, I’ve focused on strategically growing our team and product lines,’” said ElShafei. “It’s with tremendous pride that we enter this acquisition with Palladium to increase our customer value, industry position, level of technological innovation and provide new opportunities for our associates.”

 

In addition, MicroSun’s president and chief operating officer, John Gatti, is taking the helm as president and chief executive officer of Palladium, effective immediately.

 

“We are excited to have Mr. Gatti’s proven strategic leadership and more than 25 years of aerospace and defense, engineering and technology, program management and enterprise integration experience from companies like BAE Systems and Raytheon,” said Leggett. “We welcome Mr. Gatti and the MicroSun team.”

 

Former president and chief executive officer, Art Salyer, will take on the role of Palladium’s chief advisor to help support the business through this critical transition.

 

“Building Palladium’s leadership team, expanding our product mix and increasing revenue even during economic and supply chain downturns has been one of my greatest professional accomplishments,” said Salyer. “I’m confident that this great leadership team, with Mr. Gatti’s guidance, will continue to delight our customers and challenge the industry with cutting-edge technology into the future.”

 

“I am excited and welcome the opportunity to lead this powerful industry combination,” said Gatti. “We will work together as one team to deliver the best value and innovation for our customers to help them differentiate themselves in their markets.”

 

 

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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, power supplies and electromechanical assemblies for a wide variety of markets including medical, military, commercial, industrial and consumer electronics. With headquarters in Lisle, Ill. and manufacturing facilities in the United States, Brazil and China, Palladium combines decades of technology expertise with innovative and flexible engineering, testing and manufacturing capabilities to meet any power challenge. For more information visit www.palladiumenergy.com and follow @PalladiumEnergy on Twitter.

 

About MicroSun Technologies
MicroSun Technologies, founded in 2003, is headquartered in Woodridge, Ill. with design and manufacturing operations in the United States and Malaysia. MicroSun is an industry leader in innovative customized total power solutions for the medical, commercial/industrial and military markets.

About Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, California-based private investment firm with over $1 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin Equity Partners invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company's outlook and enhances value. Since its inception, Marlin Equity Partners, through its group of funds and related companies, has successfully completed over 60 acquisitions. For more information, please visit www.marlinequity.com


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Our Brazil Facility Invests in the Community

Wednesday, September 03, 2014

Every year, our Manaus facility is required to invest R&D funds to help push technology and innovation locally. This year, we partnered with a local organization, FPF Tech, to open a Computer Training Informatics (CTI) center in Manaus' New Israel neighborhood. Containing 15 computers and printers, CTI provides free job training for people with low income and social vulnerability.

Since the grand opening in June, over 250 students have graduated—already exceeding the 2014 goal! A huge success! We thank our Brazil team for their focus on giving back while manufacturing power solutions for the world's largest OEMs and contract manufacturers.

"By supporting the training center, we favor education and training as being pillars for people’s future success. It enhances the positive relationship we have with our neighbors and employees, as they too will be able to enjoy the courses offered.” –Bob Murayama, Director, Brazil Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

Manaus to Host 2014 FIFA World Cup Matches!

Wednesday, June 11, 2014

This is an exciting time for our Palladium family in Brazil as they prepare to kick-off and host the 2014 FIFA World Cup starting tomorrow June 12, 2014 through July 13, 2014 at various locations including Manaus where we manufacture battery packs, AC adapters, and WiFi cards!

Brazil will be the focus of the world over the next month … a big moment in history when all of the best football (soccer) players gather to compete to see which country has the best team.

Of course, our Manaus family is ready for the event to begin. The plant is decorated to celebrate this occasion and cheer for the Brazil team! May the best team win!

Top 5 Reasons to Work at Palladium

Tuesday, March 25, 2014

We’re looking for highly talented, motivated and dedicated people to fill various positions in engineering, program management, IT and finance at our corporate headquarters in Woodridge, IL .

This made me start to think about why I wanted to grow my career at Palladium Energy.

Over four years ago, based on interaction I had with Palladium through a different company, I was so impressed with the people and growth in the lithium-based battery pack industry that I decided to proactively seek-out job opportunities. At the time, Palladium did not have a formal marketing department. And as the saying goes…timing is everything! They just happened to be looking for a leader to start the first-ever marketing function as they looked to diversify their business mix and grow in key markets. Knowing there would be a ton of opportunity to grow, learn and be challenged with starting and leading a core function, I went after the position they were looking to fill with full-force!

So why work at Palladium? There are five core reasons based on my personal experience and other feedback I received from other Palladium staffers:

1. The People: Work with the best and brightest…in a family-oriented environment. People that care, are passionate and want to make a difference in our industry.

2. Supportive Culture: An environment with great camaraderie, support and plenty of opportunity for fun … all based on our six Core Values—Character, Teamwork, Accountability, Innovation, Results and Customers.

3. Learn & Grow: Batteries are a HOT industry … coined by US Energy Secretary Ernest Moniz to be as “transformative to economy/modern life as the oil & gas boom”. Lots of room to learn, grow and work on power solutions for mission-critical devices that impact lives!

4. Be Challenged: Work in a challenging environment where there is never a dull moment—lots problems to solve and solutions to offer—no matter what functional area you are in (HR, finance, marketing, engineering, sales, operations, etc.).

5. Access to Senior Leaders: We’re a medium-sized, global company (locations in six different countries!) where everyone has exposure to the senior leaders. That means you’ll never be just an Employee ID number!

I feel as passionate about the people at Palladium and industry today as I did over four years ago. If you’re looking for a family-oriented, supportive work environment with a ton of opportunity to grow, learn and be challenged, contact us today. Be sure to check out the job descriptions for the positions we’re looking to fill now.



 --Rebecca Kritzman, director, marketing & communications

Celebrate Safety this National Battery Day!

Tuesday, February 18, 2014

Two hundred and sixty nine years ago today, Italian physicist, Alessandro Volta, was born in a small town in Como, Italy.  At the age of 55, Volta invented the first battery, and as a result, today the world celebrates National Battery Day!  Batteries have come a long way since the turn of the 19th century, so on this National Battery Day, lets celebrate the evolution of battery safety, dating all the way back to Mr. Volta himself.

Volta Trough BatteryVolta’s namesake invention, the voltaic pile, was comprised of pairs of copper and zinc discs piled on top of each other.  The discs were separated by a layer of brine-soaked cloth, which served as the electrolyte.  The battery lasted an hour at best and came with several challenges, such as short circuits caused by electrolyte leakage.  Yes, even back in 1800 electrical engineers were challenged by battery performance and safety!  To solve this performance challenge, the voltaic pile was turned sideways and placed in a box, becoming known as the trough battery.

Electrolyte Leakage in Sealed Lead Acid Batteries

Fast forward 60 years when French physicist, Gaston Plante revolutionized battery power by inventing a lead-acid battery that passed reverse current through the system, making it the world’s first rechargeable battery.  Yet, the lead-acid battery also suffered from electrolyte leaks, posing safety risks to end-users. It wasn’t until the 1970’s when sealed lead-acid batteries were developed, using a gel electrolyte instead of liquid to prevent leakage.

In 1899, battery chemistry advanced again when nickel-cadmium batteries were introduced, becoming popular in portable power tools, flashlights, etc.  However, safety and environmental risks associated with disposing cadmium caused researchers to develop nickel-hydrogen and nickel metal-hydride batteries.

In the early 1900’s experimentation began on lithium batteries due to lithium’s impressive electrochemical potential and energy-to-weight ratio.  Early models were based on metallic lithium, which offered high energy density but inherent instability issues.  By the late 1980’s a more stable version of the lithium battery, the lithium-ion battery, was developed and first commercialized by Sony in 1991.

Recent high-profile lithium battery safety incidents have underscored the need for our industry to better understand failure modes, develop better characterization tools, and learn from the improvement of energy storage technology safety.  Most importantly, the commercial market must add safety layers into the balancing, failure forecasting, and detection of catastrophic event precursors in order to maximize the operational safety of cells, module and packs.

At Palladium Energy, we’re proud to be the only custom battery pack manufacturer with an independent, CTIA Authorized testing facility. Located in Shanghai, IQ Laboratories is our mark on battery history – leading the way to safer battery packs with lithium technologies.  We’ve proven that performance testing, environmental testing and R&D can mitigate risks, such as thermal runaway.

We’re enormously proud of our record and our industry – innovating power solutions to meet next-generation needs!  Happy National Battery Day!

 

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- Rebecca Kritzman, director of global marketing

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