TUALATIN, Ore.--Powin Energy, a wholly owned subsidiary of Powin Corporation (OTCQB:PWON), announced today it has entered a strategic partnership with TIP Capital's Specialty Markets Group to offer customers an easy-to-use credit facility for the purchase of energy efficient lighting products and energy storage systems. Under the co-branded program, TIP Capital will originate new lease transactions directly with Powin Energy's customers through its range of strategic vendor finance programs.
We can now offer zero-down financing packages structured to meet customer needs. With no federal, state or local government rebates/incentives for energy storage, access to TIP's reliable financing program promises to up our market immensely.
Partnering with TIP Capital is a game changer for Powin Energy, said Virgil Beaston, Chief Technology Officer. We can now offer zero-down financing packages structured to meet customer needs. With no federal, state or local government rebates/incentives for energy storage, access to TIP's reliable financing program promises to up our market immensely.
We were pleased to welcome Powin Energy as a preferred partner after our rigorous credit review process, said Ross Reida, Vice President, National Accounts, TIP Capital Specialty Markets Group. Our goal is to make it easier for customers to buy Powin Energy's energy efficient lighting and energy storage products, which in turn will shorten the sales cycle for the company.
TIP Capital (www.tipcapital.com) is a national leader in financing energy efficient products and has become a pioneer in the energy storage space. TIP's Specialty Markets Group works directly with equipment vendors, resellers and distributors to create effective financing programs that help close new sales.
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TIP will offer Powin Energy customers a wide variety of equipment finance options, from traditional operating lease financing to structures that transfer ownership at the end of the lease. Options include traditional tax-exempt financing, true lease and conditional sales to commercial customers, state and local government agencies, municipalities and not-for-profit 501c(3) organizations.
For more information about Powin Energy, contact Virgil Beaston, Powin Energy's Chief Technology Officer, at (503) 598-6659 x 153.
About Powin Energy
Powin Energy (www.powinenergy.com) manufactures and distributes renewable energy and energy efficient lighting products, as well as complete energy storage solutions. Our renewable energy products include, wind and related products, solar energy products, and a full line of rechargeable batteries. Our energy efficient lighting products include LED, T8 fluorescent and T5HO fluorescent.