Power Solutions

Power Solutions International, Inc. engages in the design, manufacture, and trade of power systems and electrical power generation equipment. The firm provides integrated turnkey solutions to global original equipment manufacturers and end-user customers within the energy, industrial and transportation end markets. The company was founded by Gary S. Winemaster, Kenneth J. Winemaster and William Winemaster in February 1985 and is headquartered in Wood Dale, IL.

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Power Solutions International, Inc. engages in the design, manufacture, and trade of power systems and electrical power generation equipment. The firm provides integrated turnkey solutions to global original equipment manufacturers and end-user customers within the energy, industrial, and transportation end markets. The company was founded by Gary S. Winemaster, Kenneth J. Winemaster, and William Winemaster in February 1985 and is headquartered in Wood Dale, IL.

Net Income of $3.2 Million, an Improvement of $10.4 Million

Power Solutions International Announces Third Quarter 2022 Financial Results

WOOD DALE, Ill., Aug. 29, 2022 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (“PSI” or “the Company”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced that Xun (Kenneth) Li has joined the Company as its chief financial officer, effective August 29, 2022. Mr. Li succeeds Matthew Thomas, who has served as interim chief financial officer since April 2022. Mr. Thomas will resume his role as corporate controller.

Power Solutions International Appoints Kenneth Li as Chief Financial Officer

Net Income of $1.4 Million, an Improvement of $16.9 Million

Power Solutions International Announces Second Quarter 2022 Financial Results

Dino Xykis appointed by the Board as Interim CEO Dino Xykis appointed by the Board as Interim CEO

Power Solutions International Announces Leadership Transition

The high-output Natural Gas 200 kWe engine is purpose-built from the ground up for standby power generation applications. The high-output Natural Gas 200 kWe engine is purpose-built from the ground up for standby power generation applications.

Power Solutions International Introduces New Turbo Charge Air Cooled 8.8-Liter Engine at POWERGEN

Power Systems and Industrial End Market Sales Grow by 52% and 33%, Respectively, in the Quarter

Power Solutions International Announces First Quarter 2022 Financial Results

WOOD DALE, Ill., April 21, 2022 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced today that it entered into an additional shareholder's loan agreement with its majority stockholder, Weichai America Corp. (“Weichai”), dated as of April 20, 2022 (the “Fourth Shareholder's Loan Agreement”). The Fourth Shareholder's Loan Agreement, which matures on March 31, 2023, provides the Company with access to up to $30 million of credit at the discretion of Weichai to supplement the Company's working capital. The Fourth Shareholder's Loan Agreement is subordinated in all respects to the Company's existing $130 million uncommitted senior secured revolving credit facility with Standard Chartered Bank (all of which has been fully borrowed as of April 20, 2022).

Power Solutions International Announces Additional $30 Million Shareholder Loan Agreement With Weichai America

Engine delivers 174 hp of power for industrial mobile applications Engine delivers 174 hp of power for industrial mobile applications

Power Solutions International's 6.0-liter Industrial Mobile Engine Receives EPA Certification

WOOD DALE, Ill., March 31, 2022 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced fourth quarter and full year 2021 financial results.

Power Solutions International Announces Fourth Quarter and Full Year 2021 Financial Results

WOOD DALE, Ill., March 30, 2022 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (“PSI” or “the Company”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced that effective April 8, 2022 (the “effective date”), it will appoint current corporate controller Matthew Thomas as its interim chief financial officer while the Company conducts a search for a permanent chief financial officer. Mr. Thomas will succeed Donald P. Klein, who will be departing the Company to pursue other interests. Mr. Klein's resignation is unrelated to any disagreement with the Company. Mr. Klein will continue to serve in his current role until the effective date to ensure an orderly transition.

Power Solutions International Announces CFO Transition

WOOD DALE, Ill., Dec. 17, 2021 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced today that after 36 years at PSI, Executive Vice President and Company co-founder, Ken Winemaster is retiring from the company effective December 31, 2021.   His operational duties will be assumed internally.

Ken Winemaster Announces Retirement From PSI

WOOD DALE, Ill., Dec. 16, 2021 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced today that it entered into an additional shareholder's loan agreement with its majority stockholder, Weichai America Corp. (“Weichai”), dated as of December 10, 2021 (the “Third Shareholder's Loan Agreement”). The Third Shareholder's Loan Agreement, which matures on November 30, 2022, provides the Company with access to up to $50 million of credit at the discretion of Weichai to supplement the Company's working capital. The Third Shareholder's Loan Agreement is subordinated in all respects to the Company's existing $130 million senior secured revolving credit facility with Standard Chartered Bank (all of which has been fully borrowed as of December 16, 2021).

Power Solutions International Announces Additional $50 Million Shareholder Loan Agreement With Weichai America

LPG-powered engine allows port operators, others to replace diesel-powered equipment and meet stringent CARB and EPA emission standards LPG-powered engine allows port operators, others to replace diesel-powered equipment and meet stringent CARB and EPA emission standards

Power Solutions International Receives Off-Highway Certification for low-emission 8.8L engine

WOOD DALE, Ill., Nov. 12, 2021 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced third quarter 2021 financial results.

Power Solutions International Announces Third Quarter 2021 Financial Results

Representatives of both companies will be on hand in the Propane Research and Education Council's booth to showcase an 8.8-liter LPG engine and fuel system Representatives of both companies will be on hand in the Propane Research and Education Council's booth to showcase an 8.8-liter LPG engine and fuel system

Power Solutions International, Hexagon Agility to Feature Propane Engine Technologies during the ACT Expo

Partnership unites Hexagon Agility's experience in Medium Duty CNG and LPG fuel systems with PSI's engine manufacturing expertise in the on-road transportation sector Partnership unites Hexagon Agility's experience in Medium Duty CNG and LPG fuel systems with PSI's engine manufacturing expertise in the on-road transportation sector

Power Solutions International, Hexagon Agility Enter Into Master Development and Collaboration Agreement

Power Solutions International Announces Second Quarter 2021 Financial Results

Power Solutions International Inc (OTC: PSIX) entered into an additional shareholder's loan agreement with its majority stockholder, Weichai America Corp., dated July 14, 2021. The Shareholder's Loan Agreement, which matures on May 20, 2022, provides access to up to $25 million of credit at the discretion of Weichai to supplement the company's working capital, with interest at the applicable rate of LIBOR + 4.50% per annum.

Power Solutions Ink Additional $25M Shareholder Loan Agreement With Weichai America

WOOD DALE, Ill., July 20, 2021 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced today that it entered into an additional shareholder's loan agreement with its majority stockholder, Weichai America Corp. (“Weichai”), dated as of July 14, 2021 (the “Shareholder's Loan Agreement”). The Shareholder's Loan Agreement, which matures on May 20, 2022, provides the Company with access to up to $25 million of credit at the discretion of Weichai to supplement the Company's working capital.  Borrowings under the Shareholder's Loan Agreement will incur interest at the applicable rate of LIBOR + 4.50% per annum. As of July 15, 2021, PSI has borrowed $15 million under the Shareholder's Loan Agreement.

Power Solutions International Announces Additional $25 Million Shareholder Loan Agreement With Weichai America

WOOD DALE, Ill., May 12, 2021 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced first quarter 2021 financial results.

Power Solutions International Announces First Quarter 2021 Financial Results

Company Expects Improved Results in 2021 To Be Driven By Increased Sales Across All End Markets Company Expects Improved Results in 2021 To Be Driven By Increased Sales Across All End Markets

Power Solutions International Announces Fourth Quarter and Full Year 2020 Financial Results

Powered by a 21.9-liter engine, the unit provides more than 400 kWe in power for demand response and microgrid applications Powered by a 21.9-liter engine, the unit provides more than 400 kWe in power for demand response and microgrid applications

Power Solutions International Celebrates Shipment of 1,000th Power Generation Unit to Enchanted Rock

WOOD DALE, Ill., Dec. 31, 2020 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (“the Company”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced that it entered into a first amendment to its one-year senior secured revolving credit facility pursuant to that certain credit agreement dated March 27, 2020, between the Company and Standard Chartered Bank (“Standard Chartered”).

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