Business Services Industry
Magnetek Solar Power Inverters Meet California Energy Commission and New National Electrical Code Standards
Business Wire, Jan 9, 2006
CHATSWORTH, Calif. -- Magnetek, Inc. has announced that its transformerless Aurora(TM) photovoltaic inverters have been listed by the California Energy Commission and meet the latest National Electrical Code (NEC) standards. Photovoltaic (PV) inverters change the direct current produced by solar panels into alternating current compatible with the utility grid.
Magnetek's transformerless Aurora inverters have now been added to the California Energy Commission's List of Eligible Inverters, part of the CEC's "Emerging Renewables" program created to boost demand for renewable energy sources by offering rebates to consumers who install products and systems meeting certain eligibility requirements. Consequently, Aurora inverters are eligible for the rebate program. The transformerless inverters also meet the requirements of the latest U.S. National Electric Code (NEC), which was issued in 2005 and is now being adopted by local jurisdictions.
Magnetek's Aurora 3.6-kilowatt transformerless inverters are more compact and lighter in weight than transformer-type inverters and offer efficiencies of up to 96%. They also feature two independent Maximum Power Point Tracking (MPPT) circuits - an industry first - affording maximum energy harvesting from solar arrays. Combined with their high efficiency, the ability to optimize two solar arrays provides exceptional system design flexibility.
Last year, Aurora inverters, originally designed by Magnetek for the European market, earned an award as one of the year's Five Best Designs at INTEL 2005, the major international electronics show, as well as the 2005 Solar Power Systems Technology Innovation of the Year award from Frost & Sullivan. According to Stephen R. Torres, Magnetek's executive vice president for alternative energy products, meeting CEC and new NEC requirements should serve to accelerate the adoption of the Company's solar power inverters in the pivotal California market and throughout North America.
Listed on the New York Stock Exchange (NYSE: MAG), Magnetek designs and builds digital power products and systems for applications ranging from telecommunications to alternative energy wherein reliability is paramount. The Company operates manufacturing and research facilities worldwide and reported total revenue of $242 million for its 2005 fiscal year, ended July 3, 2005.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's expectations regarding sales of and markets for its products and services, such as power conditioners for alternative energy sources such as solar arrays. These forward-looking statements are subject to a number of risks and uncertainties, many of which cannot be predicted or quantified and are beyond the Company's control. Future events and actual results may differ materially from those set forth in, contemplated by, or underlying these forward-looking statements.
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