Phelps, NY - December 15, 2011 - BEAR Power Supplies
has signed a technology licensing agreement with a major
industrial power supply manufacturer. Under the agreement BEAR
will receive royalties for all power supplies sold under private
label by the new licensing partner using BEAR’s designs.
“Royalties on our unique power supply designs represent a
great new revenue stream for BEAR,” said Michael Allen,
president of BEAR Power Supplies. “It is gratifying to have our
unique expertise in power supply technology endorsed by a major
power supplier manufacturer.”
The agreement allows the licensing partner to manufacture,
market and sell BEAR-designed power supplies under its own brand
label. Initially, BEAR will also manufacture the private-labeled
power supplies at its upstate New York manufacturing center.
“Whether the power supplies are manufactured by us, by our
partner or both - BEAR will benefit from the increased marketing
and sales exposure provided by our new partner’s global sales
force,” Allen said.