Jan. 15, 2014 12:32 UTC

President Obama to visit Vacon's R&D center in North Carolina

RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)-- President Obama is scheduled to visit the Vacon Research and Development center in Research Triangle Park, N.C. on Wednesday, January 15. The visit is part of the president's travel to North Carolina where he will also speak at the North Carolina State University.

"It is our great pleasure and honor to welcome President Obama to Vacon's R&D center. We look forward to demonstrating Vacon's energy-saving products and our U.S. operations, in North Carolina in particular, to the president," said Dan Isaksson, vice president of medium voltage drives at Vacon.

Vacon, headquartered in Finland, is the world’s largest company focusing solely on AC drives, which are used to control the speed of electric motors to maximize energy efficiency. The North Carolina R&D center is one of five Vacon facilities in the United States. Vacon opened the research center and lab in Raleigh’s Research Triangle Park in 2012.

“The combination of a highly skilled and innovative workforce, a business-friendly climate and the opportunity to collaborate with various companies and universities made the Triangle area a great choice for Vacon,” Isaksson said. “We are very happy with our decision to invest in North Carolina.”

The company’s U.S. headquarters is in Milwaukee, WI., and operates a manufacturing plant in Chambersburg, PA. Vacon also has competence centers in Houston TX., and Chattanooga, TN.

Vacon has recently released a 20-year-anniversary video about its history and operations which can be viewed here: https://www.youtube.com/watch?v=QU2-rlrZbOU

Vacon in brief:

Vacon is driven by a passion to develop, manufacture and sell the best AC drives and inverters in the world - and provide customers with efficient product lifecycle services. Vacon offers optimum process control and energy efficiency for various industrial sectors such as building automation, marine and offshore, mining and metals, water and wastewater, and renewable energy. Vacon has production and R&D facilities in Europe, Asia and North America, and sales offices in 29 countries. Further, Vacon has sales representatives and service partners in nearly 90 countries. In 2012, Vacon's revenues amounted to EUR 388.4 million, and the company employed globally approximately 1,500 people. The shares of Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki).

Driven by Drives, www.vacon.com


Sebastian Linko, +358 40-8371-634

Source: Vacon