Universal Power Group Acquires iTECH

COPPELL, TX -- Universal Power Group, Inc. announces the acquisition of California-based iTECH, a manufacturer of smart lithium-ion and other batteries, chargers, docking stations, vehicle cradles and power subsystems for the medical, safety and security, communications and handheld markets. iTECH has a long history of profitable operations.

Based in San Diego, California, iTECH maintains a state of the art manufacturing facility with robust in-house electrical and mechanical design and engineering team. Backed by two decades of expertise in developing portable power technology, iTECH provides innovative end-to-end product development, program management, testing, tooling, production and supply chain solutions. iTECH is ISO 9001:2008, ISO 13485:2003 certified and FDA Registered committed to delivering best in class solutions in demanding smart lithium-ion battery and power system environments where health, life, safety or significant revenue are dependent upon product reliability. The company's custom engineered products currently power performance critical applications from leading technology providers including longstanding relationships with Fortune 500 companies such as Honeywell, Qualcomm, Motorola, Medtronic and Danaher.

"iTECH is a leader in the development and manufacture of innovative power solutions, using an engineering-centric approach to provide clients with highly customized power management systems," said Ian Edmonds, President and CEO of UPG. "We believe there is great synergy between our two companies which, together with our ProTechnologies subsidiary, strengthens our position in the growing lithium-ion sector of the battery marketplace. This acquisition will provide UPG with additional manufacturing expertise and also significantly enhance our research and development capabilities. In return, UPG brings to iTECH operational and supply chain efficiencies, and access to its extensive sales channel network to accelerate business expansion."

Following the completion of the acquisition, the senior management team for iTECH will remain in place. iTECH will continue to operate independently, aside from opportunities to combine resources and share best practices.

"We are excited to join the UPG family, and looking forward to partnering with Ian and his team to explore opportunities to grow through this new combined company," stated Rod Bolton, President of iTECH. "I am confident that working together to share resources will strengthen both companies, providing opportunities to broaden our customer base and enhance our ability to offer our customers with innovative customized solutions."

For more details, go to:
http://www.itecheng.com
http://www.protechnologies.com
http://www.upgi.com

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