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Pioneer receives $2.6M order from data center customer

Jan. 11, 2019 8:13 AM ETPioneer Power Solutions, Inc. (PPSI) StockBy: Niloofer Shaikh, SA News Editor
  • Pioneer Power Solutions (NASDAQ:PPSI) has secured a new order from an existing customer worth $2.6M for highly customized magnetic coils to be integrated into its Power Distribution Unit (PDU) product line for installation in new data centers.
  • Deliveries are expected to begin during 1Q19.
  • The company expects to report a higher backlog as of the end of 2018.

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