Powell Industries, Inc. designs, develops, manufactures, and services custom engineered-to-order equipment and systems for the management and control of electrical energy and other critical processes. The company serves the transportation, environmental, energy, industrial and utility industries. The company’s wholly-owned subsidiaries include Powell Electrical Systems, Inc.; Transdyn, Inc.; Powell Industries International, Inc.; Switchgear & Instrumentation Limited (S&I); and Powell Canada Inc. Segments The company’s operations are consolidated into two business segments, Electrical Power Products and Process Control Systems. Electrical Power Products The Electrical Power Products segment develops, designs, manufactures, and markets custom engineered-to-order electrical power distribution and control systems designed to distribute, monitor and control the flow of electrical energy; and to provide protection to motors, transformers and other electrically-powered equipment. Its principal products include integrated power control room substations, traditional and arc-resistant medium-voltage distribution switchgear, medium-voltage circuit breakers, offshore generator and control modules, monitoring and control communications systems, motor control centers and bus duct systems. These products are designed for application voltages ranging from 480 volts to 38,000 volts and are used in electric rail transportation, refining, chemical manufacturing, oil and gas production, electric utility systems and other heavy industrial markets. The company’s product scope includes designs tested to meet both U.S. standards (ANSI) and international standards (IEC). The company also seeks to assist customers by providing value-added services, such as spare parts, field service inspection, installation, commissioning and repair, retrofit and retrofill components for existing systems and replacement circuit breakers for switchgear. Customers and Markets: The company’s customers and their industries include oil and gas producers, oil and gas pipelines, refineries, petrochemical plants, electrical power generators, public and private utilities, co-generation facilities, mining/metals operations, pulp and paper plants, transportation authorities, governmental agencies and other large industrial customers. Products and services are principally sold directly to the end-user or to an engineering, procurement and construction (EPC) firm on behalf of the end-user. Its major customer included General Electric Company (GE). Research and Development: The company’s research and development expenditures were $6.3 million in the year 2012. Competition: The company’s principal competitors include ABB, Eaton Corporation, GE, Schneider Electric and Siemens. Process Control Systems The Process Control Systems segment designs and delivers custom engineered-to-order technology solutions that help its customers manage their critical transportation, environmental and energy management processes and facilities. Its proprietary DYNAC software suite provides an integrated operations management solution for these vital operations. Customers and Markets: This business segment’s products and services are principally sold directly to end-users in the transportation, environmental and energy sectors. Research and Development: The company’s non-project research and development expenditures were $1.4 million. History Powell Industries, Inc. was founded in 1947. The company was incorporated in the state of Delaware in 2004.