The new company, American Made Power Corporation (AMPCO), will manufacture smart grid and utility related hardware in the US, beginning in 2010.

Paul Aiello, CEO of OptiCon Systems, said: “With the ever increasing threat of cyber-terrorism, American Made Power Corporation will be focused on products that add a security layer to existing components in the power grid, as well as new product lines.

“We are excited by the manufacturing jobs opportunities created by AMPCO in the evolving Energy sector in the US and potential of revenue globally.”

OptiCon Systems, through its subsidiary, provides wireline, wireless and fiber optics network management solutions. The company offers proprietary software, professional services and integrated systems.