Powin Corporation Appoints Prominent Oregon Business Leader Jim Osterman to its Board of Directors

Business Wire

TUALATIN, Ore.--(BUSINESS WIRE)--

Powin Corporation (PWON) today announced it has appointed Jim Osterman, the former Chairman and CEO of Blount International, Inc., to its Board of Directors. Currently, Mr. Osterman is President of JSO Ventures, LLC, Oregon City, Oregon, a real estate investment and management consulting firm.

"We are thrilled to gain the benefit of Jim’s wisdom and business acumen, attained over many decades as a leader in Oregon’s manufacturing industry ," said Powin’s CEO, Joseph Lu. "He will be a great asset to Powin as we build our OEM and renewable energy businesses."

From 2002 to 2010, Mr. Osterman served as Chairman and CEO of Blount International, Inc., one of Oregon’s largest public companies. His long and distinguished career with the company also included roles as President of Blount’s Outdoor Product Group from 1986 to 2002; Senior Vice President of Marketing, Manufacturing and Engineering from 1979 to 1986; and Director of European Operations from 1968 to 1979. Mr. Osterman lived in Nivelles, Belgium for twelve years in that position.

In 1994, Mr. Osterman joined the Board of Directors of Cascade Corporation, another leading Oregon manufacturer, and served as the company’s Chairman of the Board from 2002 to 2013.

Mr. Osterman attended Western Oregon University and the Harvard Business School Program for Management Development. He has more than fifty years of worldwide international business experience beginning with Omark Industries, Inc. in 1959.

About Powin Corporation

Tualatin, Oregon based Powin Corporation (www.powin.com), is a global company recognized as a leader in contract manufacturing. The company operates production facilities in the U.S., Mexico and Asia, providing OEM parts and turnkey products in a variety of markets to customers ranging from small businesses to Fortune 500 companies. The company’s Powin Energy division (www.powinenergy.com) is a market leader in the design and integration of energy storage technology used in power-utility, transportation and commercial applications.

Powin Corporation trades under the symbol “PWON” on OTCQB, the OTC market tier for companies that report to the SEC or a U.S. banking or insurance regulator. Investors can find Real-Time quotes and market information for the company at http://www.otcmarkets.com/stock/PWON/quote.

Contact:
MAP Communications
John Mangan, 503-701-7503
john@map-communications.com


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