iPower advances US manufacturing with new equipment line

RANCHO CUCAMONGA, Calif. - iPower Inc. (NASDAQ:IPW), an ecommerce services provider and online retailer with a market capitalization of $20.63 million and annual revenue of $74.11 million, has initiated the production of a new equipment line, marking a significant move in its U.S. manufacturing strategy. According to InvestingPro analysis, the company maintains a FAIR financial health score, suggesting stable operational fundamentals. The company has made a deposit payment for the production of equipment for its joint venture, United Package NV LLC. This step is a part of iPower’s effort to localize manufacturing through its "Made in USA" module within its SuperSuite platform.

The production of the new equipment line is expected to be completed within two months, followed by shipping, installation, and testing. iPower aims for the joint venture to be fully operational by Q4 2025, with analysts forecasting 7% revenue growth for fiscal year 2025. InvestingPro subscribers can access detailed growth projections and 12+ additional ProTips about iPower’s future prospects. Lawrence Tan, CEO of iPower, highlighted the move as a major step in the company’s goal to strengthen operational resilience and enhance value for partners and customers with faster delivery and improved service agility.

United Package is set to leverage iPower’s digital sales infrastructure, nationwide fulfillment capabilities, and the established B2B customer base of its joint venture partner. The venture will aim to shorten lead times, improve delivery reliability, and provide localized control over production timelines and quality. It also plans to optimize inventory management and expand access to sales channels.

The new equipment line is part of iPower’s long-term strategy to support domestic manufacturing comprehensively, offering end-to-end support that includes legal and compliance guidance, facility setup, labor sourcing, logistics, and delivery.

iPower is known for its technology and data-driven approach as an online retailer, offering ecommerce services for third-party products and brands. With a full spectrum of online channels, robust fulfillment capacity, and a nationwide network of warehouses, iPower is positioned to efficiently move a diverse catalog of SKUs from its supply chain partners to end consumers. The company maintains a healthy gross profit margin of 45.7%. Get comprehensive insights about iPower’s business model and growth potential in the exclusive Pro Research Report, available on InvestingPro, along with detailed analysis of 1,400+ other US stocks.

This announcement is based on a press release statement from iPower Inc. and contains forward-looking statements regarding the company’s expectations of future events and financial trends. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those anticipated.

In other recent news, iPower Inc. has launched a joint venture named United Package NV LLC, aimed at bolstering domestic manufacturing through its "Made in USA" module within the SuperSuite Supply Chain Platform. This initiative is expected to enhance supply chain resilience by reducing reliance on overseas manufacturing and improving production-to-delivery times. The company plans to expand this initiative further by supporting new domestic manufacturers across various industries. In another development, iPower has announced changes to its board of directors, with Kevin Liles and Kevin Vassily resigning and Yue Guo being appointed as an independent director. Guo will also chair the Nominating and Corporate Governance Committee while serving on the Audit and Compensation Committees. Guo brings extensive experience from the IT and internet industry, having previously worked with Amazon Web Services, JD Cloud Technology, and Baidu. The appointment reflects a strategic shift in iPower’s governance as it continues to navigate the competitive retail sector. These developments indicate iPower’s ongoing efforts to strengthen its operational and strategic capabilities.

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