ClearEdge Power to Acquire UTC Power

clearedge-logoHILLSBORO, OR – December 22, 2012 – ClearEdge Power, a manufacturer of scalable, continuous onsite power systems, today has reached agreement to acquire UTC Power.

“We are excited about the strategic combination of ClearEdge Power and UTC Power to address the demand for clean, continuous, distributed power solutions”, said ClearEdge Power President and CEO, David B. Wright. “The wealth of talent, intellectual capital, and technology platforms enables us to provide highly innovative product and service solutions to our customers.”

The transaction is subject to customary closing conditions; closing is expected early in 2013.