Bear will also manufacture the private-labeled power supplies at its upstate NY design and manufacturing center.

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.

 

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