10/9/2013 2:06:29 PM
October is Employee Ownership Month and Chatsworth Products Inc. (CPI) is proud to have retained a successful Employee Stock Ownership Plan (ESOP) structure throughout the years. This unique culture is both inspiring and rewarding. As company owners, our core values are based on shared risks, responsibility, and accountability. Our pride of ownership and the mutual trust and and respect we feel for one another is reflected in the company's motto: "We're All in This Together."
Here are 10 Facts about ESOPs and CPI:
10. Employees only receive their first stock allocation after they have been employed for a complete plan year AND worked at least 1,000 hours in that plan year.
9. Distributions of shares occur after employees have terminated from the company as a fully vested employee in accordance with the Distribution Policy.
8. CPI has three manufacturing plants in the United States located in Chatsworth, Calif., New Bern, N.C., and Georgetown, Texas; and office locations in Canada, Latin America, EMEA and APAC regions. Go here to contact a representative in your area.
7. ESOPs are regulated by the Department of Labor and the Internal Revenue Service.
6. There are more almost 11,000 ESOP companies in the United States today, covering 10.3 million employees.
5. CPI sustains a long-term 100% employee-owned structure by being a profitable, flexible and efficient business.
4. The ESOP concept was created by Louis Kelso, an economist, corporate lawyer, author and banker.
3. CPI is in the select 30% to 40% of all ESOPs that are 100% employee-owned.
2. The ESOP concept was developed in 1956.
1. CPI’s Core Purpose is “To Delight the Customer.”
Here's a quick video of this great company!
Have you ever been an ESOP participant? If so, then share your experience with us in the comment box below.
Raissa Carey, eContent Specialist
2/22/2012 10:44:27 AM
Just weeks after turning heads at this year’s 2012 BICSI Winter Conference in Orlando, Chatsworth Products, Inc. (CPI) is set to join data center professionals from around the world at this year’s AFCOM Data Center World in Las Vegas, March 18-22.
As the only tradeshow of its kind geared specifically towards data center management and operations, AFCOM Data Center World is the premier event for today’s hottest issues, including power, thermal management, security and cabling – two of which (thermal management and power) we’ll be featuring prominently at this year’s totally redesigned booth (image below).
As you can see, visitors to the Chatsworth Products booth (#507 on the show floor) will get a first-hand look at our newly introduced Aisle Containment solution, featuring an array of CPI TeraFrame® Cabinets in Glacier White, which join together to form the core components of a completely customizable, totally sealed and impressively cost effective data center solution for even the most complex of cooling concerns.
But that’s not all – in addition to the introduction of our Aisle Containment solution to AFCOM attendees, we’re equally thrilled to be sharing a first look at the next generation of Intelligent Power Distribution Units (PDUs) from CPI – our brand new eConnect line – seen at right.
This is your chance to get in at the ground floor on some of the most innovative CPI solutions to hit the market in years, and experience first-hand why our top flight quality and engineering is matched only by our expert staff, many of whom you’ll have the chance to meet during this year’s AFCOM Data Center World.
For complete conference and exhibit hall details, visit the AFCOM Data Center World website. To learn more about CPI Aisle Containment, Intelligent PDUs or any of CPI’s industry-leading products, give us a call at 800-834-4969 or visit chatsworth.com. See you in Vegas!
5/10/2011 8:00:00 AM
This June 6-8, 2011, Edinburgh, Scotland plays host to the 2011 BICSI European Conference and Exhibition. With a European office located in the United Kingdom, Chatsworth Products, Inc. (CPI) is looking forward to being a part of this important and truly global gathering of industry professionals from across the region.
Furthermore, CPI's involvement will extend past the exhibit hall with a special technical presentation delivered by Ian Cathcart, RCDD and Technical Support Manager at Chatsworth Products International Ltd., Bourne End, United Kingdom.
Ian's presentation, entitled "How to Build a Data Centre Cooling Budget," will focus on cooling as a significant part of both the capital and operating budget for a data center, and how, if not accurately planned, cooling can either be a limiting factor on future growth or an unnecessary drain on an organization's overall profitability. With tips for design, equipment selection, and an example of CPI's specialized CFD Modeling service, attendees can expect an insider's perspective to cost-effective and efficient cooling techniques. This presentation is scheduled for Tuesday, June 7, 10AM-11AM during the morning general session.
We invite and encourage our European region customers and contractors to attend and look forward to a great show. To attend or learn more about this event, click here for more info.
3/29/2011 8:00:00 AM
Earlier this month, Chatsworth Products, Inc. (CPI) and Corning Cable Systems were honored as most valued vendors in 2010 at the annual President's Club Circle of Excellence, hosted by distributor partner Accu-Tech.
With more than 250 industry professionals in attendance at Accu-Tech's annual awards ceremony and banquet, CPI's Golden Glove Award (seen below) recognizes outstanding performance with Accu-Tech in sales and vendor partnership for 2010. In keeping with the larger-than-life pugilist theme of the evening, a Champion Boxing Belt prize was also awarded.
CPI Area Vice Presidents Jeff Steen and Jack Larson were
on hand to receive the award and accept on behalf of the company.
"I've personally watched several of the leading industry manufacturers win this award in years past. To join that elite group and now have our own Golden Glove is something we've strived for and are quite thankful! It's a true testament to the partnership and commitment we share with Accu-Tech," Jeff notes.
Now that CPI has its coveted first Golden Glove, here's to many more successes in the future!
2/25/2011 8:00:00 AM
In continuing efforts to extend our global reach and worldwide service offering,
Chatsworth Products, Inc. (CPI) is pleased to announce the recent appointment of
P.U.E. Pty Ltd as CPI’s new
sales representative agency in Australia and New Zealand.
As a business dedicated to bringing leading IT infrastructure products from
around the world to market, P.U.E. prides itself on offering innovative products
with proven quality, efficiency and performance. In other words, a perfect fit
for the optimized product line of CPI.
With a wealth of industry experience and knowledge of the IT, data center and
telecommunications markets, P.U.E. Technical Manager Tony de Francesco and Chris
Molloy, P.U.E. Marketing Director, are poised to enhance CPI’s presence in this
important and growing region. As of February 1, 2011, Garry Yan, CPI’s Area
Sales Manager for the Asia-Pacific region, will be coordinating P.U.E.’s efforts
through training and orientation.
Ultimately, Chatsworth Products looks forward to offering P.U.E. customers in
Australia, New Zealand and beyond a whole new level of optimized data center
solutions for cooling, power distribution, cabinets, racks and more.
For more information on this exciting new global announcement, be sure to
press release here.
6/18/2010 8:21:01 AM
First, Happy Father's Day to any fathers who may be reading this, hope you have an enjoyable weekend. And if you are not a father, I hope you have an enjoyable weekend as well! Next I wanted to highlight some events and other updates that you may find useful.
- Cisco Live is being held in Las Vegas, June 27-July 1. CPI will be participating and showing some or our latest and most popular products. Stop by our booth 1061 for a closer look and to visit with our employees. As an exhibitor at the conference we can offer you a $100 savings on your registration fee. Register for the event at http://www.ciscolive2010.com/ and enter the code wosdiscount when prompted.
- *Online Event* Cisco Live/Networkers Virtual is being held June 29-July 1, 9:30 am to 4:30 pm Pacific time. You can register for a complimentary pass or a premier pass. The complimentary pass gives you access to Cisco Live and Networkers keynotes, Super Sessions, and the Virtual World of Solutions plus an assortment of 16 on-demand technical training sessions. If you browse the trade show be sure and stop by our booth and talk to some of CPI's employees. The booth is virtual, but you'll be speaking to live sales and technical employees. This is a great time to ask questions right from your desk!
6/11/2010 9:00:45 AM
Chatsworth Products provides a variety of resources that many of our customers find very useful when it comes to planning, designing or expanding their current information technology infrastructure. Many are found on our Website, while others may involve a site visit. Our international customers can also take advantage of these tools since we have trainined CPI employees located around the globe.
Take a look at the below resources and see if we can assist you with your next project or with daily tasks.
Sales Managers - CPI's Sales Managers are involved in continual product training and are thoroughly familiar with our products and solutions. They are also familiar with the below resources and can help you get the additional assistance you may need for your complex installations.
Design and Consultation Services – Highly trained, CPI experts are available to evaluate and determine your solution needs and assist in developing collaborative designs unique to your data center environment. These employees have hands-on experience that you will find valuable. Contact us to find out more.
Field Expert Site Visits – We have several Field Application Engineers that can meet with you on-site to evaluate your requirements and discuss product and solution options. Contact us to find out more.
Computational Fluid Dynamics (CFD) Analysis – Using state-of-the-art three-dimensional software, CPI provides simulation and analysis of your data center’s airflow and temperature patterns. Contact us to find out more.
CPI PUE Calculator™ – Determine your potential data center cost savings when combining CPI Passive Cooling Solutions with today’s most effective cooling strategies using the CPI PUE Calculator.
AutoCAD Plan and Elevation Drawings – For customers using AutoCAD to design layouts, CPI supplies CAD Shapes of popular CPI Products featuring top, front, side and isometric views.
Visio Shapes - For customers using Microsoft Visio for equipment layouts, CPI has teamed up with Altima Technologies to create shapes of popular CPI products. These shapes are compatible with Visio versions 5, 2000 and 2002 and are available at no charge.
Product Configurator – CPI’s easy-to-use online Product Configurator guides you through the steps and selections necessary to create personalized data center solutions. Choose from a variety of options and accessories that can be integrated directly into Cabinet Systems, simplifying data center installation. Receive a complete itemized bill of material, total list price, rendered drawings and a selection of distributors or global resellers for your configured solution.
Customized Solution – CPI will work with you to achieve a solution that fits your exact data center and equipment needs. If we do not already make the perfect solution, we will work with you to design exactly what you need. Contact us to find out more. Kim Ream, Sr. eCommerce Specialist