Powertronix, Inc. (“Powertronix”) is Pleased to Announce it Has Been Acquired by Hanover Partners (“Hanover”)

Powertronix, Inc. (“Powertronix”) is pleased to announce it has been acquired by Hanover Partners (“Hanover”), a growth‐oriented private equity firm focused on partnering with the management teams of manufacturing companies developing highly‐engineered products. Founded in 1994, Hanover is located in San Francisco and its website is www.hanoverpartners.com Commensurate with the transaction closing, Linda Ruiz has been formally appointed Chairman and CEO of Powertronix, and will continue to lead and manage the company as she has done the last few years, after becoming VP of Sales & Operation in 2013. Further, Ms. Ruiz re‐invested alongside Hanover and remains a significant ongoing shareholder of Powertronix and has been appointed to Powertronix’s Board of Directors. In addition, after thirty‐years of building Powertronix, Anita and Carl Svensson have completely retired from day‐to‐day operations and sold their entire interest in the company to Hanover and Ms. Ruiz.