Shipments of Princeton Power Systems' GTIB Converter Product Line Surpass 50 Megawatts

PRINCETON, NJ--(Marketwired - Oct 31, 2014) - Princeton Power Systems, a leading global designer and manufacturer of technology products and embedded software for energy management, micro-grid operations, and electric vehicle charging, announces a significant milestone, that they have manufactured and delivered more than 500 units of its Grid-Tied Converter product line globally. The GTIB-30 and GTIB-100 are widely known for their reliability and bi-directional capabilities, and have become standard in both North American and global energy storage installations. The 100 kilowatt GTIB-100 was the first commercial-scale bi-directional converter suited for advanced batteries, solar, on-grid and island applications, and is the flagship product chosen for best in class microgrid applications around the world for over six years since its release in 2008. Along with the 30 kW GTIB-30, the GTIB product line has amassed over one million operating hours in Microgrid and energy storage applications.

"We are excited to announce that this November Princeton Power Systems will have manufactured and shipped over 50 MW, or over 500 units, of the GTIB-30 and GTIB-100 grid-tied inverters to industrial and commercial consumers all over the world," said Darren Hammell, Chief Strategy Officer and Co-Founder, Princeton Power Systems. "The GTIB was a pioneering product when it was designed and commercially released, and we are proud that both industry leaders and new entrants continue to choose GTIB converters to unlock the performance of advanced battery systems and microgrids."

GTIB converters can be found in some of the world's most advanced commercial microgrids and energy storage applications, including the Alcatraz Island Solar Microgrid, named the 2014 Intersolar Award Winner for exemplary project, that's been in continuous operation since 2012. Eight (8) GTIB's power both the solar array and the battery system on the Alcatraz Microgrid. Advanced functions of the GTIB include bi-directional operation, island or backup-power mode, UL-listing for ease of permitting and installation, and several configuration options including black-start and battery pre-charge. The GTIB includes built-in functions for smart grid operations such as peak power shaving, frequency regulation, VAR compensation, PV ramp-rate control, and demand response. The GTIB-100 is compatible with advanced communication protocols including MODBUS RTU, DNP3, and is pre-configured with multiple battery management systems from top battery vendors. The GTIB's wide DC input voltage range offers flexibility when selecting DC sources such as batteries and PV arrays.

About Princeton Power Systems
Princeton Power Systems, based in New Jersey and founded in 2001, designs and manufactures state-of-the-art technology solutions for energy management, microgrid operations and electric vehicle charging. The company is a global leader working with customers and partners across North America, Europe, Africa and the Caribbean. It manufactures UL and CE-certified power electronics that are used in advanced battery operations and alternative energy, with built-in smart functions for ancillary services. The company solves power issues to allow continued growth of distributed renewable energy by providing energy storage solutions that are proven to work, even in harsh environments. Princeton Power Systems builds integrated systems and designs, commissions and operates microgrids for leading organizations, including Fortune 500 automakers and industrials, and non-profit organizations. The company proudly manufactures its products in the USA. More information about Princeton Power Systems is available at www.princetonpower.com.