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Pioneer Power Awarded New Service Agreement with Large Home Improvement Retailer
Focus on Sustainable Power Continues to Benefit Pioneer Power FORT LEE, N.J.--(BUSINESS WIRE)-- Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer Power"
About this update from Pioneer Power Solutions, Inc.
[{"type":"text","content":"\nFocus on Sustainable Power Continues to Benefit Pioneer Power\n\n FORT LEE, N.J.--(BUSINESS WIRE)--\nPioneer Power Solutions, Inc. (Nasdaq: PPSI) (\"Pioneer Power\" or the \"Company\"), a company engaged in the manufacture, sale and service of electrical transmission, distribution and on-site power generation equipment, today announced that it has been awarded an initial service contract for preventative maintenance and repairs by one of the largest home improvement retailers in the U.S.\n\nThe 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.\n\nNathan Mazurek, Pioneer's Chairman and Chief Executive Officer, said, “Our reputation for quality service work and responsiveness to our customers’ needs were decisive factors in the award of this competitively bid contract to Pioneer. The proven ability of our expert technicians to provide maintenance and repair services across a broad range of engine manufacturers and models, as demonstrated by customer references, affirmed the quality and timeliness of our work. Most importantly, we look forward to proving our capabilities with this new customer and advancing additional opportunities beyond this initial agreement.”\n\nAbout Pioneer Power Solutions, Inc. \n\nPioneer Power Solutions, Inc. manufactures, sells and services a broad range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. The Company’s principal products include switchgear and engine-generator controls, complemented by a national field-service network to maintain and repair power generation assets. To learn more about Pioneer, please visit its website at www.pioneerpowersolutions.com.\n\nSafe Harbor Statement: \n\nThis press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on c...