Edison, NJ - January 4, 2007 – The Board of Directors for WPT, Inc. has formally announced the sale of Dranetz-BMI, Daytronic Corp., and Electrotek Concepts to Gossen-Metrawatt (GMC-I), of Nuremberg, Germany.

This acquisition assists GMC-I in securing a broad presence and strong sales channel into the Americas. Coupled with an existing broad product offering, the addition of Dranetz-BMI Power Quality Instruments gives Gossen-Metrawatt a comprehensive electrical product line backed by strong, global sales channels.

According to Joseph Gonzalez-Rivas, President/CEO of the newly formed US company, Global Power Technology, Inc., “This acquisition represents a great day for Dranetz-BMI, Daytronic, and Electrotek Concepts. The partnership with GMC-I will expand our already extensive product and service offering to better serve our customers and meet the markets growing needs for electrical test equipment.”

About GMC-I Gossen-Metrawatt GMC-I Gossen-Metrawatt, headquartered in Nuremberg Germany – with manufacturing and sales offices across Europe, is well known for offering a broad spectrum of products and services, including consulting, project engineering, products, and training to their customers. This consistent alignment with their customers has positioned them as a worldwide market leader for more than 100 years.

About Dranetz-BMI Founded in 1963, Dranetz-BMI is headquartered in Edison, N.J. and has been a pioneer in power quality instrumentation for more than 40 years. Dranetz-BMI engineers and manufactures a wide range of handheld, portable and permanently-installed power quality and energy management instrumentation for utility, industrial, facility and electrical contractor customers.

PR Contact:
Dranetz-BMI
A Company of Global Power Technology, Inc.
(732) 287-3680
sales@dranetz-bmi.com