Torus Power to Become Independent Business Entity
Torus Power has announced that it has incorporated as a standalone business and is now operating as an autonomous entity, independent from parent company Plitron Manufacturing, Inc.
According the company, the move comes as a direct result of planned, progressive growth that has evolved over recent years, which included new product introductions with lower price points to diversify its audience. Torus reportedly posted record sales numbers in January 2016, and says it's on its way to its strongest quarter ever. Torus Power has announced that it has incorporated as a standalone business and is now operating as an autonomous entity, independent from parent company Plitron Manufacturing, Inc.
Torus has retained key employees have including Founder Howard Gladstone (pictured), who will stay on as Chairman and CEO; Kevin Main has been promoted to President and COO, and Ross Whitney will become Torus Power Technical Sales Specialist and Customer Service Manager. Other positions will be created and filled as needed to support Torus Power’s next phase of growth.
To ensure a seamless transition, all existing Rep and Dealer agreements will be assumed by Torus Power Inc. and related efforts will continue to be managed by Main and Whitney. Torus Power products will still be built at Plitron’s Toronto factory.