Power Conversion Technologies Launches Commercial Line of Ground Power Units for Business, Civil Aerospace Markets

Rhea-AI Summary

Ozop Energy Solutions, through its subsidiary Power Conversion Technologies, Inc. (PCTI), is expanding into the commercial aerospace sector after 30 years of success in military aircraft. The company aims to leverage its experience in manufacturing ground power units (GPUs) to meet the growing demand in business and civil aviation markets.

PCTI's GPUs are designed for durability and reduced maintenance costs, addressing challenges in charging infrastructure. The global GPU market is projected to grow from $625.2 million in 2019 to $952.6 million by 2027.

Positive

• PCTI expands into the commercial aerospace market, leveraging 30 years of military success.
• Global GPU market projected to grow from $625.2 million in 2019 to $952.6 million by 2027.
• PCTI's products designed for durability (15-20 year lifecycle) reduce ongoing maintenance costs.

Negative

• None.

PCTI Unveils New Products for Commercial Aerospace Sector After 30 Years of Success with Military Aircraft

Florida, NY, Oct. 19, 2021 (GLOBE NEWSWIRE) -- Ozop Energy Solutions. (OZSC), (“Ozop” or the “Company”), announced its wholly owned subsidiary, Power Conversion Technologies, Inc. (PCTI), will parlay its 30 years of experience producing ground power units (GPUs) for the military aerospace market and expand into the business and civil aerospace sectors. PCTI has successfully engineered solutions for military customers since 1991 and will now bring its experience to the commercial aerospace industry.

“PCTI has been a leading GPU provider for decades in one critical sector, and it’s time for us to expand into new markets for business and civil aviation,” said Bill Yargeau, President of PCTI. “There has been notable growth in these markets due to a rebounding tourism industry and growing consumer spending power in Asia. A travel rebound means more flights with faster turnaround times, which translates to a higher need for GPUs to keep airports running.”

PCTI’s robust products have life cycles for 15-20 years and are built with the highest durability standards. They are engineered with harsh environments in mind, which increases the time between maintenance cycles. For this product launch, PCTI is focused on civil and business aircraft GPU requirements and will offer 400Hz frequency converters and the 28V_DC power supplies.

According to SR Analysis, the GPU market is showing a global compound annual growth rate of 3.4%, going from $625.2 million in 2019 to an anticipated $952.6 million in 2027. This market value is divided between fixed and mobile applications, both of which PCTI already make as customized products today.

”PCTI’s GPUs will also address two of the civil and business aerospace market’s key challenges: an inadequate charging infrastructure and a lack of trained staff,” said Yargeau. “Most GPUs are complex and expensive to maintain throughout their lifecycle. Maintenance and repair add additional costs, which causes airlines to purchase fewer new units or buy refurbished units, which causes more expenses and can lead to equipment and infrastructure damage. PCTI counters these challenges by providing a more robust product along with pre and post services with customer purchases.”

PCTI has reviewed their military surplus and history of products, providing a standardized portfolio in support of the commercial aerospace market. They have developed a comprehensive program to roll out their initial products into this market. The sales team has already started educating and training the agents/distributors on the product and the benefits they bring to the market. This will be completed over the next couple of weeks. PCTI will continuously review this market space and add new products where appropriate.

About Power Conversion Technologies, Inc.

Power Conversion Technologies, Inc. designs, engineers, manufactures, and distributes standard and custom power electronic solutions for industrial, military and sustainable energy sectors. Founded in 1991 and located in East Butler, Pennsylvania, PCTI’s mission is to be the global leader for high power electronics with the highest standard of reliability, quality and continued innovation. For more information on PCTI please follow us on our website www.pcti.com or Twitter, Facebook and LinkedIn.

About Ozop Energy Solutions.

Ozop Energy Solutions (http://ozopenergy.com/) invents, designs, develops, manufactures, and distributes ultra-high-power chargers, inverters, and power supplies for a wide variety of applications in the defense, heavy industrial, aircraft ground support, maritime and other sectors. Our strategy focuses on capturing a significant share of the rapidly growing renewable energy market as a provider of assets and infrastructure needed to store energy.

About Ozop Energy Systems, Inc.
Ozop Energy Systems is a leading Manufacturer and distributor of Renewable Energy products in the Energy Storage, Solar, Microgrids, and EV charging Station space. We are always among the first to receive the newest technology, products, and application techniques. We offer a broad portfolio of Renewable Energy products at competitive prices with a commitment to customer satisfaction from selection, to ordering, shipping, and delivery.

https://twitter.com/OzopEnergy

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The Waypoint Refinery (discord.com)

Safe Harbor Statement

“This press release contains or may contain, among other things, certain forward-looking statements. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the company’s plans, objectives, projections, expectations and intentions and other statements identified by words such as “projects,” “may,” “will,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “potential” or similar expressions. These statements are based upon the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties, including those detailed in the company’s filings with the Securities and Exchange Commission. Actual results may differ significantly from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the company’s control). The company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.”

Media Relations Contact - Ozop
Brian Hyland
Rubenstein Public Relations
212-805-3055
bhyland@rubensteinpr.com

Investor Relations Contact – Ozop
The Waypoint Refinery, LLC
845-397-2956
www.thewaypointrefinery.com

FAQ

What new products has Ozop Energy Solutions launched for the aerospace sector?

Ozop Energy Solutions has launched ground power units (GPUs) for the commercial aerospace sector through its subsidiary PCTI.

How does PCTI address challenges in the commercial aerospace market?

PCTI provides robust GPUs designed to counter inadequate charging infrastructure and high maintenance costs.

What is the expected growth rate of the GPU market?

The GPU market is expected to grow at a compound annual growth rate (CAGR) of 3.4%, reaching $952.6 million by 2027.

What are the benefits of PCTI's GPUs for airlines?

PCTI's GPUs offer durability and reduced maintenance cycles, helping airlines minimize costs and improve efficiency.

When did Ozop Energy Solutions announce this expansion?

Ozop Energy Solutions announced its expansion into the commercial aerospace sector on October 19, 2021.