FirePower buys OCZ PSU assets and honors warranties!

Posted on Thursday, February 13 2014 @ 13:05 CET by Thomas De Maesschalck
The power supply assets from bankrupt OCZ Technology have been picked up by a newly formed company named FirePower for $850,000. At the moment we have no idea who FirePower is, the company's website redicts to the old PC Power & Cooling website from OCZ and the domain registration information shows the domain is less than two weeks old.

The press release below mentions that FirePower is headquartered in Carlsbad, California, which happens to be the same city where PC Power & Cooling is based, and that the company's CEO and president is Lawrence Firestone.

Perhaps the most interesting snippet is that Firestone plans to honor warranties for OCZ and PC Power & Cooling power supplies, but no exact details are provided.
Firepower Technology, Inc., a provider of high-performance power supplies for demanding computing applications, today announced it has acquired the power supply assets of OCZ Technology Group, Inc., including the PC Power and Cooling® product line. Effective immediately, the group will operate as FirePower Technology and will produce and sell the award-winning PC Power and Cooling power supplies including Silencer® MK III as well as the ZX, ZT, ZS, ModXSteam, CoreXStream, Fatal1ty® and StealthXStream brands, all formerly sold by OCZ Technology.

This acquisition provides FirePower Technology with a high-quality, well-regarded lineup of power supply products allowing the company to launch with full force into the growing high-end computer gaming and industrial workstation markets.

"We are excited to launch our business with the OCZ power supply team, which was built on the successful legacy of the PC Power and Cooling brand. The launch of this independent business unit within FirePower will allow us to reestablish these brands, launch new products and drive the company back to the market leadership position this group enjoyed several years ago," said Lawrence Firestone, FirePower Technology's President and CEO. "Our objective is to provide 'Best in Class' products allowing our customers to enjoy unsurpassed quality and value. I am pleased to announce that with this acquisition, not only did we acquire a suite of great products but we also gained an excellent team."

Firepower Technology plans to honor the warranty obligations of its installed base and will operate out of the company's facilities in Carlsbad, California.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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