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Quarter 2, 2013 Financial Results

Posted: Jul 24,2013

Investor Relations  

Guelph, Ontario, July 24, 2013 – Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A) a leading manufacturer of dry-type and cast resin transformers and related magnetics, today announced its financial results for the second quarter of 2013.

Bill Hammond, Chairman & Chief Executive Officer of Hammond Power Solutions Inc. commented, “I think it’s fair to say that the North American economy, specifically the Canadian market and the mining sector are in much worse shape than anyone forecasted 7-8 months ago. Our solid core competencies, financial strength, broad geographical presence and market diversification will serve HPS in withstanding the current economic instability.”

QUARTER HIGHLIGHTS

  • Increasing booking rates
  • Gross margin stability
  • Solid Balance Sheet
  • Dividend declared and paid

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