TEGAM Acquires Product Lines from PPM Instruments

Advanced Energy's TEGAM is pleased to announce that they have reached a formal agreement with PPM Instruments which grants TEGAM an exclusive license to manufacture, market, and service their instrumentation products starting 1 August, 2010. After this date, TEGAM will become the sole manufacturer of PPM’s resistance measuring equipment, laboratory nanovoltmeters, signal sources, and signal conditioners. TEGAM will move the manufacturing and support of the acquired products to their Geneva, Ohio facility, and offer the products through existing sales offices and distributors worldwide. According to TEGAM’s National Sales Director, Kevin Kaufman, “PPM’s instruments are a great fit for TEGAM, because of our existing expertise in a variety of microohmmeters and sensitive calibration laboratory instruments.” PPM has established a strong reputation for instruments that are exceptionally durable in the field. “We are convinced that TEGAM will continue this tradition of strength and durability as well as extend the scope of the product lines. They have the sales channels combined with applications know-how to engage customers in electrical utility safety testing, materials test, automotive electrical, aircraft testing and calibration laboratories.” explained PPM Managing Director, Cliff Nazelli. Transition PPM will continue to accept orders and ship products until 31 July 2010. Any orders that cannot be filled before 31 July 2010 by PPM will be filled and invoiced by TEGAM. PPM and TEGAM will cooperate to ensure a seamless transition of supply for those customers who have open contracts with PPM that extend beyond 31 July 2010. How This Impacts Customers Customers with warranties issued by PPM will receive warranty service from TEGAM for the remainder of their warranty. Customers with open orders on 31 July 2010 will be contacted to arrange to receive their shipment and invoice from TEGAM. According to Chas Gilmore of PPM, “TEGAM has been licensed to provide after-warranty service on all PPM products, and we are confident that they will provide top notch service to our customers.” Where feasible, TEGAM will provide repair and calibration service on products that PPM has previously discontinued. About PPM Instruments PPM, founded in 1960 by Art Bletcher, designs and manufactures rugged, precision electronic instruments for field, laboratory and manufacturing/production test. PPM also offers semi-custom design for government clients such as NASA, NIST, the Army, Navy and Air Force, as well as industrial clients such as Boeing, General Motors and General Electric. In 2003, Art retired and sold PPM to three people, including Charles Gilmore and Cliff Nazelli.

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