The announcement reaffirms SurgeX's position as the leading brand of power protection for the ProAV market and is a strategic addition to ESP's power protection business. The merger will extend ESP's product line capabilities and will enable SurgeX to both expand within existing markets and penetrate new markets utilizing ESP's resources and expanded distribution. SurgeX management will join the ESP team and by late January all product manufacturing will be consolidated into ESP's facility in Zebulon, NC.
Michael McCook, SurgeX senior principal and owner of New Frontier Electronics, Inc., noted: "This is an exciting milestone for our company and we are eager to work with ESP. ESP is an excellent company and this merger will allow SurgeX to offer our customers and partners expanded resources, sales and marketing expertise, enhanced product solutions, expanded manufacturing capabilities and broader engineering resources. I look forward to working together with ESP to ensure a rapid and seamless transition and to continue building the SurgeX brand for years to come."
"SurgeX's product offerings along with its position in the ProAV market make it an ideal fit for our company," stated Steve Cole, president of ESP. "SurgeX's solutions, talent and customers complement ESP's business and extend our ability to deliver compelling products and services to new industries. As a result of this acquisition, SurgeX's diverse product line, and ESP's manufacturing expertise, we will be able to expand into new markets as the premier provider of power protection solutions."
About SurgeX, Inc.
SurgeX is a leading manufacturer of professional AC power products and control systems for the pro audio, video, broadcast and security industries, and has developed key dealer and distributor relationships throughout the United States and Canada for over thirteen years. Prior to the merger, SurgeX's North American operation was owned and operated as a division of New Frontier Electronics, Inc., based in Pipersville, PA. http://www.surgex.com
About Electronic Systems Protection, Inc.
Electronic Systems Protection, Inc. is a leading manufacturer of industrial power protection products for the office automation, mailing systems, kiosk, and ATM industries. For over 20 years, ESP products have provided patented power filtration and surge protection technology to protect digital equipment from lightning, surges and other harmful transients, and noise. ESP's products are manufactured in Zebulon, NC, and are endorsed by leading equipment manufacturers in the office automation industry. http://www.realpowerprotection.com
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