Certain statements in these articles are forward-looking and are subject to risks and uncertainties. QSGI Disclaims any obligation to update these forward-looking statements except as required by law.
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April 03, 2024•6 min read
FOR IMMEDIATE RELEASE
QSGI Inc. Acquires One Line Energy, Bolsters Power Division with Comprehensive New Service Offerings
West Palm Beach, FL — October 29, 2024
— QSGI Inc. (OTCQB: QSGI), a leader in providing lifecycle management and sustainability solutions for enterprise technology systems, today announced the acquisition of OneLine Energy, a strategic expansion set to transform QSGI’s capabilities in the power systems market. This acquisition not only broadens QSGI’s service portfolio but also marks a milestone in the company’s commitment to delivering high-caliber, sustainable power solutions for critical infrastructure.
The addition of OneLine Energy allows QSGI to offer comprehensive services for large-scale power systems, including buying, selling, installing, deinstalling, and relocating major power systems from leading brands such as Caterpillar, Cummins, and Kohler. Alongside these offerings, QSGI is introducing maintenance services, rounding out a complete support suite for power management across diverse industries.
Marc Sherman, CEO of QSGI, emphasized the acquisition's role in supporting the company’s growth trajectory:
"The acquisition of One Line Energy is one of the most impactful moves in our company’s history as it enables QSGI to enter the critical power sector with a robust suite of services. Our expanded capabilities strengthen our commitment to supporting the infrastructure demands of our clients with the same dedication and expertise that have become QSGI’s hallmark."
In tandem with the acquisition, QSGI proudly welcomes Jeremy Rhodes to the team as Vice President of Power Systems. Rhodes, who brings years of experience in power systems and critical infrastructure, is poised to lead QSGI’s new power division. His extensive background includes roles in Comcast and Generator Source, and his leadership will be instrumental in delivering the quality and reliability clients expect from QSGI.
"I’m thrilled to join QSGI at this pivotal moment," said Rhodes. "With the combined strength of QSGI’s service excellence and OneLine Energy’s specialized expertise, we’re well-positioned to redefine what comprehensive power solutions can offer to our clients and the communities we serve."
The acquisition of OneLine Energy underscores QSGI’s dedication to meeting the evolving needs of its customers by offering flexible, end-to-end solutions that enhance operational efficiency and reliability. QSGI’s website will soon feature a dedicated Power Services page detailing the new offerings, allowing current and prospective clients to explore the full spectrum of solutions available.
This acquisition reinforces QSGI’s commitment to sustainable growth and innovation in essential service sectors. The company will continue to explore new opportunities that align with its vision of becoming a leading provider of integrated lifecycle solutions for technology and power infrastructure.
For further details, please contact:
David Waldman
QSGI Inc. Board of Directors
About QSGI Inc.
QSGI Inc. is a premier provider of lifecycle management solutions and services for enterprise technology assets. Specializing in responsible decommissioning, data destruction, and asset recovery, QSGI enables organizations to manage their technology infrastructure sustainably while maximizing value recovery. With the acquisition of One Line Energy, QSGI further solidifies its role as a leader in critical infrastructure support.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release are forward-looking and are subject to risks and uncertainties. QSGI disclaims any obligation to update these forward-looking statements except as required by law.
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