Certification recognizes quality in design and manufacturing
Princeton Power Systems (PPS), a leading global designer and manufacturer of technology products and embedded software for energy storage, microgrid operations, and electric vehicle charging, has been recognized by the International Organization for Standardization (ISO) for its process driven design and manufacturing through the designation of a ISO 9001:2008 Certification. The certification was received in December 2015. The certification confirms that the company’s Quality Management System (QMS) has demonstrated the ability to successfully develop and market quality products across all customer areas.
The ISO 9001: 2008 certification indicates that the International Organization for Standardization (ISO) acknowledges that PPS is meeting the ISO 9001:2008 standard for Quality Management Systems with their design, manufacturing, and distribution of power inverters and energy storage systems. ISO certification is based on quality management principles that include a strong customer focus, motivation and implication of top management, process approach, continual improvement and review. The company’s quality policy maintains those principles by declaring that all employees must be committed to providing customers with empowering and innovative technology solutions. These goals are continuously met by providing world-class quality in products, services, and people.
“Investing in the ISO certification is a direct response to customer demand for the highest quality products. We are very excited to have achieved this milestone in our efforts to drive continuous improvement in our company-wide culture of innovation and quality,” said Paul Heavener, director of quality assurance and project management at Princeton Power Systems. “As a pioneer in inverters and embedded software for energy storage, adopting and maintaining ISO certification enables our unique products to be deployed in mission-critical applications for enterprise customers.”
Investment tied to growth acceleration for product development and sales
Princeton Power Systems has also announced GHO Venture’s capital investment in support of Princeton Power Systems. GHO Ventures has a sustained investment in Princeton over the past 15 years and has seen the company through its initial set of revenue milestones. This latest investment indicates continued long-term support for the company, its leadership and its products.
When Princeton Power Systems was founded in 2001, the company received an “angel” investment round from Greg Olsen at GHO Ventures. Fifteen years later, GHO Ventures has agreed to raise another finance round to support the ongoing growth of the company. Princeton will use this funding to develop new and improved products as well as expand the company’s sales capabilities. Special emphasis will be placed upon planned shipments of energy management systems using a new Silicon Carbide-based inverter platform that is quiet, more efficient and significantly smaller and lighter than existing models.
“GHO Ventures has been a loyal investor since our inception and we appreciate their confidence in our ability to outpace the competition by leveraging their investment commitment,” says Darren Hammell, president, Princeton Power Systems. “With this raise in capital from GHO, we have been given the opportunity to continue our role as an innovation flash point and demonstrate industry leadership.”
Along with the access to funding, Princeton has transitioned its management by naming co-founder and former Chief Strategy Officer, Darren Hammell, President of Princeton Power Systems and former Director of Supply Chain, Ed Howell, Chief Operating Officer of the company.