By Renée Francoeur
September 24, 2015 – Lex Products Corp., known in the field of portable and specialty power distribution, and TM3 Systems Inc., a developer of patent-pending technology for smart power applications such as microgrids and hybrid power systems, have announced that they are merging to form a new company known as LexTM3 LLC.
Nate Lowery, the CEO of TM3 Systems, will continue as CEO of LexTM3.
Lex Products will continue to operate unchanged out of its Shelton, Conn. and Sun Valley, Calif. locations. Lex said it will begin to incorporate TM3 technology into its product lines and will be focusing on Entertainment & Industrial Temporary Power.
Bob Luther, founder of Lex Products, will continue as its CEO.
TM3 Systems also recently acquired the assets of the United Electronics Corporation (UEC). Those assets remain in place in the facility in Davie, Fla. Operations in this facility were restarted in July and, with this merger, will become a new division of LexTM3, which will focus on military business.
LexTM3 Systems will continue manufacturing heavy-duty connectors in Davie, including Class L, QWLD, and 5015 style connectors.