Power Solutions International Inc - PSIX stock
OTC Market: PSIX
Power Solutions International, Inc. is a company based in Wood Dale, Illinois, that engages in the design, engineering, manufacturing, marketing, and sale of engines and power systems worldwide, offering alternative-fueled power systems for off-highway industrial equipment and on-road vehicles, custom-engineered integrated electrical power generation systems, as well as compression and spark-ignited internal combustion engines that run on various fuels like natural gas, propane, gasoline, diesel, and biofuels in power system, industrial, and transportation markets, with additional services encompassing standby and prime power generation, microgrid solutions, renewable energy resiliency, and a wide range of applications in various industries such as oil and gas, utilities, transportation, and material handling.
Power Solutions International, Inc. (PSI) was founded in 1985 by a group of engineers and entrepreneurs with a vision to design and manufacture advanced power systems and engines. The company's origins can be traced back to Wood Dale, Illinois, where it established its headquarters. Initially, PSI focused on developing alternative-fueled power systems, particularly engines that could run on a variety of fuels like natural gas, propane, gasoline, diesel, and biofuels. These engines were designed to meet the growing demand for environmentally friendly and efficient power solutions in various industries.
Over the years, PSI expanded its product offerings to include custom-engineered integrated electrical power generation systems and other packaged power systems. The company's dedication to innovation and high-quality solutions led to its recognition as a prominent player in the power generation and industrial equipment markets. Throughout its history, PSI has developed strategic collaborations and partnerships with other industry leaders to enhance its product offerings and expand its market reach. One such significant collaboration was with Weichai Power Co., Ltd., a major Chinese engine and vehicle manufacturer. As PSI continued to grow, it expanded its operations beyond the United States and gained a presence in North America, the Pacific Rim, Europe, and other international markets.