HPS Receives Business Innovation Award

GUELPH, Ontario (June 23, 2011) – Hammond Power Solutions Inc. (HPS), North America’s leading manufacturer of dry-type transformers and magnetics, has been awarded the Business Innovation Award from the Guelph Chamber of Commerce.

On June 23rd, 2011, HPS was presented with the Business Innovation Award at the Guelph Awards of Excellence Gala in recognition of their exemplary degree of innovation to create products and services that bring a new way of doing business.

HPS understands the increasing need for innovation by offering customers leading-edge products in a competitive market which is crucial to the diversification of the transformer marketplace.

With markets constantly evolving, it is paramount for HPS to stay at the forefront of product innovation. With the increasing awareness of global warming, governments are encouraging users to consider energy efficient products like dry-type transformers to help reduce carbon dioxide emissions. HPS has a complete line of energy efficient transformers including Distribution Transformers, Drive Isolation Transformers, and Medium Voltage Transformers to meet many applications including the growing alternative energy markets such as wind and solar. With over thirty engineers on staff, HPS can customize any transformer to meet various energy efficiency requirements.

Transformer product training is also a key success factor to their business strategy. HPS launched an industry first innovative online training center, HPS Academy, with more than 20 interactive learning modules to provide a better understanding of the characteristics of transformers, electrical standards and regulations, installation procedures, and how to select the best product for an application. Modules are added every month along with online quizzes to ensure that participants understand the information presented.

HPS as well developed a unique and proprietary online quotation and stock check tool called E-Quotes. It allows distributors to do business easily and find inventory to fill their customers’ needs immediately. They can even check inventory using a Blackberry or other mobile device. E-Quotes users can obtain quotes for standard or custom products by entering either an HPS part number or one from a competitor for standard products or specifications for custom products. The system offers the ability to check price, availability, and lead times for almost any common specification product.

HPS focuses on three main objectives, to be easy to do business with, to offer the greatest breadth and depth of product in the industry and to provide reliable quality. Through constant product innovation, complete product training, and easy-to-use quotation tools, HPS is able to seize opportunities in high-growth markets and is clearly a leader in business innovation.