Golden Systems to Pursue Scottish Partnership
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Golden Systems Inc., a Simi Valley maker of computer power supplies, said it has entered into a letter of intent to pursue a partnership with a Scottish firm, Magnum Power PLC.
The agreement will allow Golden Systems to meld technology developed by Magnum into the power supplies that Golden Systems makes for the personal-computer industry.
The value of the agreement was not released. A Golden Systems sales and marketing senior vice president described the partnership as a “marriage of technology” rather than a financial exchange.
The enhanced power supplies act like a battery, allowing computers to continue functioning during a power outage, protecting against losses of data.
Golden Systems, whose sales dipped 65% in the fiscal first quarter that ended June 30, compared to the previous year, has been hit hard by a drop in orders from its chief customer, Compaq Corp. of Houston.