American Power Conversion

American Power Conversion incorporated in March 1981 was founded by three electronic power engineers from the Massachusetts Institute of Technology. At the time the research and development efforts of these three men were focused on solar electricity. Over the next few years government funding and incentives in the solar arena began to dry up. In response APC shifted its focus to power protection introducing its first UPS in 1984 the 750. The need for capital to support this growing business was satisfied in July 1988 when APC became a publicly traded company. The stock trading under the symbol \APCC