TweakTown
Tech content trusted by users in North America and around the world
5,910 Reviews & Articles | 38,058 News Posts

Firepower Technology picks up OCZ's power supply assets

OCZ Technology has sold its power supply business to a Firepower Technology, a smaller, lesser known company

| Cases, Cooling & PSU News | Posted: Feb 10, 2014 10:16 pm

Shuttered electronics company OCZ Technology has sold its power supply assets to Firepower Technology, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). Firepower paid just $850,000 for the OCZ business unit, as the former Silicon Valley company filed for Chapter 11 bankruptcy in late 2013.

 

TweakTown image news/3/5/35378_01_firepower_technology_picks_up_ocz_s_power_supply_assets.jpg

 

Specifically, ZCO Liquidating Corporation brokered a deal between OCZ and Firepower Technology, "mainly consisting of its power supply and power management assets," according to the SEC filing. Firepower is a private company based in Delaware, and it is rumored OCZ product technology will be absorbed and possibly re-distributed by Firepower.

 

Previously, Toshiba stepped up to pick up OCZ's solid state drive (SSD) technology, as companies continue to circle, trying to get some bargain technology. The company's fall from grace left PC enthusiasts with one less company - despite creating fairly popular products, OCZ was unable to properly transition from niche consumer company to successful business able to cater to the enterprise.

NEWS SOURCE
Ir.ocz.com

Related Tags

Further Reading: Read and find more Cases, Cooling & PSU news at our Cases, Cooling & PSU news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

TweakTown Web Poll

Question: Facebook's acquisition of Oculus VR will...

Improve Oculus Rift Development

Hamper Oculus Rift Development

Completely destroy Oculus Rift Development

Let's wait and see, I'm not sure

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases