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.

Published Feb 10, 2014 4:16 PM CST   |   Updated Tue, Nov 3 2020 12:18 PM CST
0 minutes & 38 seconds read time

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.

Firepower Technology picks up OCZ's power supply assets | TweakTown.com

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

An experienced tech journalist and marketing specialist, Michael joins TweakTown to cover everything from cars & electric vehicles to solar and green energy topics. A former Staff Writer at DailyTech, Michael is now the Cars & Electric Vehicles News Reporter and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

Newsletter Subscription

    Related Tags

    Newsletter Subscription
    Latest News
    View More News
    Latest Reviews
    View More Reviews
    Latest Articles
    View More Articles