Power Magnetics Products Deployed in World’s Most Extreme Conditions for Global Energy Businesses
Energy Industry Leader Celebrates 45 Years
Power Magnetics Inc. Products Deployed in World’s Most Extreme Conditions for Global Energy Businesses
Trenton, NJ USA April 10, 2014 Power Magnetics, Inc. Celebrates 45 Years
PMI celebrated its 45th anniversary recently with a festive gathering. “Power Magnetics has just completed its new strategic plan and we are in the process of implementing it as we look to significant growth over the next few years,” said Carl A. Bannwart, the company’s president.
“We are seeing an increasing demand for our medium voltage trap reactors, in particular, our single phase harmonic trap reactors which are being deployed in the harshest environments in the world: deserts, extreme altitudes nearing 15,000 ft., ocean platforms and the arctic circles. These are in oil and gas, mining, solar and wind installations. We tend to get the call from customers when there is a need for an extraordinarily rugged product and the cost and feasibility of replacement in the field for these type units is prohibitive.”
“We are re-inventing ourselves as we adapt to a changing market,” said Michael Smith, Power Magnetics’ Business Development Manager. “Even with the current economic softness, PMI continues to open new markets, including those in the energy related industries. When the products we manufacture are used in the most extreme conditions, in the most remote regions on the planet, meet the toughest specifications and are produced to the highest standards in existence, I think you can say we are a ‘world class’ manufacturer of reactors and transformers!” he said.
“We are pouring resources into additional training to improve our quality program as well as leadership and management training,” said Carl. “It is important to put some emphasis there for the future of the company,” he said. Power Magnetics, Inc. is also converting to a new ERP system and continuing to move to automate some of its systems to enhance our customer service and responsiveness, already well respected in the industry.
About Power Magnetics, Inc.
Power Magnetics, Inc. is the recognized leader in design and manufacturing of the industry’s highest performance and most reliable custom transformers, AC reactors and DC inductors. Since 1968, we have built custom magnetics for our global customers, some of the largest companies in the world, which exemplifies the three pillars of our philosophy: Innovation, Engineering and Endurance. Power Magnetics’ motto, “Built Like the Brooklyn Bridge” is reflected in the quality of its products. www.powermagneticsinc.com
Michael K. Smith
Business Development Manager