Powin Energy Launches Customer Financing Program with TIP Capital
 Powin Energy is pleased to announce it has entered a strategic partnership with TIP Capital's Specialty Markets Group to offer customers an easy-to-use credit facility for the purchase of energy efficient lighting products and energy storage systems. Under the co-branded program, TIP Capital will originate new lease transactions directly with Powin Energy's customers through its range of strategic vendor finance programs.
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Powin Revenues Rise in Second Quarter
Despite a struggling economy, Powin reported an increase in total revenue for manufacturing services in the second quarter of 2012. The company's overall revenue was up more than $784,000, or 6%, compared to the same quarter last year. Leading the way was Powin's QBF segment, which recorded an 85% increase in sales, largely because of increased business from its largest client, Daimler Trucks North America. Powin CPP internet sales unit and the Powin Energy affiliate also achieved strong revenue increases.
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Congratulations to Powin Energy Chief Technology Officer, Virgil Beaston - he and his wife May recently welcomed a baby girl into the world. Leafen ("Lea") Ji Beaston, 8lbs - 6oz, 20.5 inches, was born July 3. |
