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Covid-era Start up NXT Power Pegged to Generate More Than $25M in Revenue for 2024Waukegan, IL-based NXT Power, one of those rare success stories that emerged during the 2020 Covid pandemic, has now become more than the 'engine that could.' As a manufacturer of advanced power quality solutions, NXT Power in 2023 expanded its product line portfolio to now 21 designs with 450 models as it doubled production space to 40,000 sf, increased overall staff by 165% and surpassed its target $16M revenue mark. "Our projections are on track to exceed our $25M goal," asserts founder and industry veteran Tom Gornick. He continues, "Our experienced engineering team developed the highest quality and best performing products currently available in the power protection industry." "It's all about clean power," according to Gornick. "There is scarcely any aspect of our increasingly digital lives that is not adversely affected by dirty power, inconsistent power and spikes and surges. Having power protection is imperative to every business." The NXT Power products are designed to prevent hardware damage and system interruptions utilizing a surge diverter, low impedance isolation transformer and noise filtering for optimal performance. The NXT Power isolation transformer-based power conditioners ad advanced UPS [Uninterrupted Power Supply] Systems deliver clean and reliable power to the electronic systems that businesses around the world rely on all day, every day. "We understand the importance of an isolation transformer to keep disruptive noise from coming through the UPS and disrupting system performance," Gornick says. "Every business today has electronic equipment that is vulnerable to power problems such as power outages, lightning, common-mode voltage and high-voltage transients, adds VP/Operations Scot Moeller, "and our job at NXT Power is to ensure these businesses continue doing theirs." NXT Power's isolation-transformer-based power conditioners and uninterruptible power supplies provide complete power quality solutions to medical, clinical, analytical, industrial, scientific, printing, and retail technology markets.? About NXT Power NXT Power was conceived to offer vastly superior products that deliver clean and reliable quality power solutions to the domestic and international marketplace. NXT Power products are first-in-class to other options available in the marketplace, bringing attributes to their product mix that includes surge diverter, online isolation, low impedance transformer and power line filter to eliminate noise, spikes, and transients that protect against harmful damage before it can occur. For further information, please contact 877-NXT-POWR [698-7697] or visit www.nxtpower.com. Note to Media: To secure product photography or schedule an interview with Tom Gornick, please email Amy Falk at [email protected].
View source version on businesswire.com: https://www.businesswire.com/news/home/20240319591280/en/ |
