WOOD DALE, Ill., March 25, 2015 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (PSI) (Nasdaq:PSIX), a leader in the design, engineering and manufacture of emissions-certified alternative-fuel and conventional power systems, announced the appointment of Thomas W. Smith as Chief Executive Officer of Professional Power Products, Inc. (3PI), a wholly owned subsidiary of PSI.
Thomas W. Smith accepted the position of Chief Executive Officer of 3PI, effective March 23, 2015. Thomas has worked in the energy industry for over 30 years. Most recently, he was an industry consultant focusing on the development, construction, financing and servicing of efficient/green cogeneration/distributed generation systems. Prior to becoming a consultant, Mr. Smith founded and sold CPL DG Group, Inc. and Endurant Energy LLC, two power development/service companies. He also served as the VP of Energy Operations at Equity Office Properties where he was responsible for managing all of the company's energy initiatives, including commodity procurement, retrofit services and cogeneration development/operations. Before joining Equity Office Properties in 2001, Thomas served as President and General Manager of a power company that secured energy optimization and cogeneration contracts for global corporations, industrial facilities and state universities. Mr. Smith started his career with Westinghouse Electric where he held various positions and completed the executive sales engineering training program.
Mr. Smith has a Business Degree from Miami University in Oxford, Ohio and is a member of the Midwest Cogen Association Board, CHP Association, and BOMA Chicago Energy Center Board. He has testified in numerous state rate cases in the alternative energy and distributed generation industries.
"I'm extremely excited to be joining 3PI. I have always regarded 3PI as a leader in the power packaging industry, and in fact one of my previous companies was a major customer. Now that 3PI is part of Power Solutions International, we have the strength, talent and financial backing to take an already strong business to the next level," said Mr. Smith.
"We're excited about having Tom lead our talented 3PI team," said Gary Winemaster, Chairman and Chief Executive Officer of PSI. "Tom brings tremendous in-depth experience, longstanding industry relationships and he will be a key contributor to our future success."
For more information on PSI, visit http://www.psiengines.com and www.professionalpowerproducts.com
About Power Solutions International, Inc.
Power Solutions International, Inc. (PSI) is a leader in the design, engineering and manufacture of emissions-certified, alternative-fuel power systems. PSI provides integrated turnkey solutions to leading global original equipment manufacturers in the industrial and on-road markets. The Company's unique in-house design, prototyping, engineering and testing capacities allows PSI to customize clean, high-performance engines that run on a wide variety of fuels, including natural gas, propane, biogas, diesel and gasoline.
PSI develops and delivers complete .97 to 22 liter power systems, including the 8.8 liter engine aimed at the industrial and on-road markets, including medium duty fleets, delivery trucks, school buses and garbage/refuse trucks. PSI power systems are currently used worldwide in power generators, forklifts, aerial lifts, and industrial sweepers, as well as in oil and gas, aircraft ground support, agricultural and construction equipment.
PSI recently acquired 3PI, a leading designer and manufacturer of large, custom engineered integrated electrical power generation systems serving the global diesel and natural gas power generation market. 3PI specializes in power generation systems for both standby and prime power applications.
CONTACT: Daniel P. Gorey
Chief Financial Officer
Power Solutions International, Inc.
+1 (630) 451-2290
dan.gorey@psiengines.com
Jeremy Lessaris
VP Global Director of Marketing & Communications
Power Solutions International, Inc.
+1 (630) 350-9400
jlessaris@psiengines.com
