March 11, 2016
Bits Smart Strip, LLC (CA) dba BITS Limited
announces the acquisition of certain assets, including all intellectual
property and patents from Bits Limited, Inc. (NY), inventor of the Smart Strip®
line of Advanced Power Strips. The sale
was effective January 1, 2016 and closed on February 27, 2016.
The Smart Strip® was developed to save
energy by turning off connected electronic equipment while in stand-by or sleep
mode thus eliminating “vampire” current and saving electricity and money. Utilities across the county recognize the
value of this energy-saving power strip and the BITS Limited Smart Strip® was
the basis for Tier 1 Advanced Power Strips now in wide use.
Management of BITS Limited (CA) will
continue with the current officers including Kurt Markshausen, President and
CEO, Eric Kramer, VP & CFO, and Scott Wilson, VP Sales. This team formed BITS Smart Strip, LLC in July
2015 with a mission to provide both Tier 1 and Tier 2 Advanced Power Strips and
other energy-saving products to the utility market and is focused on service
and value.
For more information, contact Scott
Wilson at scott.wilson@bitsltd.net
or Kurt Markshausen at
kurt.markshausen@bitsltd.net
.