Lead Times Increase to 6-10 Weeks as Prices Increase an Average 6%.
Moorpark, CA – June 15, 2018 – ERP Power LLC (ERP), a leading provider of small, smart and connected LED drivers for the lighting industry, today announced product lead times have increased to 6-10 weeks. An average 6% price increase for LED driver products is also effective June 15, 2018. Constrained availability of key semiconductor and power electronics components such as MOSFETs, electrolytic capacitors and chip resistors are resulting in industry-wide allocation bidding and weekly price fluctuations with lead times as long as 50 weeks. The LED driver pricing action is in direct response to a broad range of continuing industry raw material cost increases for aluminum, copper, magnetics, printed circuit boards, packaging, and silicon wafers.
“After careful review of industry conditions, it is necessary to communicate extended lead times and implement LED driver price increases,” said Andy Williams, EVP Sales and Marketing for ERP Power. “We are strongly encouraging our customers and distributors to place orders for the remainder of the year as we work in partnership with our suppliers to secure component allocations and actively manage lead times. We understand lighting fixture manufacturers have many driver choices, and we will continue to innovate and bid competitively to win new business. We thank our customers and partners for your ongoing support.”
Between June 15th and July 15th, orders for LED drivers able to be delivered by September 30th, 2018 will be accepted at pre-increase prices. Quotations issued prior to June 15, 2018 will require review and re-authorization by ERP Power.
About ERP Power
Established in 2004, ERP designs and manufactures small, smart and connected LED driver power electronics for architectural, commercial and industrial lighting applications. Powerful ERP products deliver an industry-leading combination of compact size, extensive dimmer compatibility, wireless controls, programmable output, and high efficiency at competitive cost. Headquartered in Moorpark, CA, ERP owns and operates its own ISO 9001 certified manufacturing facility to ensure quality of design, sourcing, production and testing. Learn more online at www.erp-power.com or by emailing SaveEnergy@erp-power.com.
About Angeles Equity Partners, LLC
Angeles Equity Partners is a private equity firm that invests in companies across a wide range of sectors and specifically targets businesses which it believes can directly benefit from the firm’s capabilities in operational transformation and strategic repositioning. This skill set drives the firm’s investment philosophy and, in its view, can help underperforming businesses reach their full potential. Learn more online at www.angelesequity.com.