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.

WOOD DALE, Ill., April 16, 2024 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (“PSI” or “the Company”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emissions-certified engines and power systems, will showcase its 8.8-liter Power System engine during the 47th annual Middle East Energy show from April 16 to April 18, 2024 at the Dubai World Trade Center in Dubai, UAE.

Power Solutions International to Feature Products with Baudouin During Middle East Energy Show

The improved site, www.psiengines.com , features a refreshed look and user-friendly navigation WOOD DALE, Ill., April 02, 2024 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (“PSI” or “the Company”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emissions-certified engines and power systems, is excited to announce the launch of its new website.

Power Solutions International's new website now online

WOOD DALE, Ill., March 28, 2024 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) amended its $130 million uncommitted senior secured revolving credit agreement (the “Fourth Amended and Restated Credit Agreement”), with Standard Chartered Bank, as administrative agent (“Standard Chartered”), and the lenders party thereto from time to time. The Fourth Amended and Restated Credit Agreement extends the maturity date of loans outstanding under its previous credit facility to the earlier of March 21, 2025 or the demand of Standard Chartered. The Fourth Amended and Restated Credit Agreement has an outstanding principal balance of $50 million with no principal payments scheduled as of the date of this release.

Power Solutions International Announces Extension to Credit Agreement

Renewable fuel now available for stationary power generation applications across several industries WOOD DALE, Ill., March 20, 2024 (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, is excited to announce its diesel engine line is now approved for the use of Hydrotreated Vegetable Oil (HVO).

Power Solutions International Approves Use of Hydrotreated Vegetable Oil (HVO) in its Diesel Engine Line

Net Income $8.4 million , EPS $0.36 for the Quarter

Power Solutions International Announces Fourth Quarter and Full Year 2023 Financial Results

WOOD DALE, Ill., March 01, 2024 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company”) today announced that on February 7, 2024, the Board of Directors of the Company appointed Randall D. Lehner as its General Counsel, effective March 4, 2024.

Power Solutions International Appoints Randall Lehner as General Counsel

WOOD DALE, Ill., Feb. 13, 2024 (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, is excited to announce it will feature products during the World Ag Show, scheduled February 13 to February 15 in Tulare, Calif.

Power Solutions International (PSI) engines featured at World Ag Show

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WOOD DALE, Ill., Jan. 22, 2024 (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, is excited to announce its participation in PowerGen International, taking place from January 23 to January 25 at the Ernest N.

Power Solutions International (PSI) Showcases Engines at PowerGen Trade Show

WOOD DALE, Ill., Dec. 05, 2023 (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 amended and restated its $50 million shareholder's loan agreement with its majority stockholder, Weichai America Corp. (“Weichai”), dated as of November 29, 2023 (the “Third Shareholder's Loan Agreement”), to extend the loan maturity date to November 30, 2024. The $50 million loan under the Third Shareholder's Loan Agreement has been fully drawn as of the date of this report and is subordinated in all respects to the Company's existing $130 million senior secured revolving credit facility with Standard Chartered Bank (of which $65 million has been fully borrowed as of December 5, 2023).

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

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WOOD DALE, Ill., Nov. 14, 2023 (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, is proud to announce the latest addition to its range of energy products: the Lithium-ion Power Unit.

Power Solutions International Unveils Lithium-ion Power Unit

WOOD DALE, Ill., Nov. 14, 2023 (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 Morbark, a well-known leader in manufacturing tree care equipment, will feature several of its products during TCI Expo 2023.

Morbark Showcases Power Solutions International's Products at TCI 2023

Gross Profit increased by 16%, EPS were $0.34 , an increase of $0.20 for the Quarter,

Power Solutions International Announces Third Quarter 2023 Financial Results

Gross Profit increased by 47%, EPS increased $0.22 or $0.28 for the Quarter, Operating Cash Flows increased $34.4 million; Debt decreased $20.7 million

Power Solutions International Announces Second Quarter 2023 Financial Results

WOOD DALE, Ill., May 17, 2023 (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 amended and restated its $25 million shareholder's loan agreement with its majority stockholder, Weichai America Corp. (“Weichai”), dated as of May 12, 2023 (the “Second Shareholder's Loan Agreement”), to extend the loan maturity date to May 20, 2024. The $25 million loan under the Second Shareholder's Loan Agreement has been fully drawn as of the date of this report and is subordinated to the Company's existing $130 million senior secured revolving credit facility with Standard Chartered Bank ($125 million loan outstanding as of this report).

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

Net Sales Grow by 18% in the Quarter, EPS increased $0.27 or $0.16 for the Quarter Gross Profit increase by 40%; Interest expense up $2.2 million WOOD DALE, Ill., May 11, 2023 (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 first quarter 2023 financial results.

Power Solutions International Announces First Quarter 2023 Financial Results

WOOD DALE, Ill., April 25, 2023 (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 24, 2023, it has appointed its current Interim Chief Executive Officer, Dino Xykis, as its permanent Chief Executive Officer. Mr. Xykis has served as the Interim Chief Executive Officer since June 2022. Mr. Xykis will also retain the role of Chief Technical Officer which he has served as since March 2021.

Power Solutions International Announces the Permanent Appointment of Dino Xykis as its Chief Executive Officer

WOOD DALE, Ill., March 31, 2023 (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 2022 financial results.

Power Solutions International Announces Fourth Quarter and Full Year 2022 Financial Results

Power Systems engines spotlighted through February 21st to the 23rd in the Orange County Convention Center in Orlando, Florida.

Power Solutions International Products Featured During PowerGen International

New machine featured during World of Concrete 2023 New machine featured during World of Concrete 2023

Allen Engineering Unveils Concrete Trowel Powered by Power Solutions International Engine

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

News for Power Solutions Stock (PSIX)