Groundbreaking B-TRAN Semiconductor Technology to Reach Global Markets
Ideal Power (IPWR) has sealed a pivotal deal with Richardson Electronics (RELL) for the worldwide distribution of its innovative products, notably the discrete B-TRAN device and SymCool power module. This strategic collaboration marks Ideal Power’s first major distributor, leveraging Richardson’s technical sales prowess and expansive global reach.
Dan Brdar, Ideal Power’s President and CEO, expressed enthusiasm, citing Richardson’s proficiency in introducing new technologies to market. Greg Peloquin, Richardson’s Executive VP, echoed this sentiment, highlighting the synergy between Ideal Power’s cutting-edge offerings and Richardson’s established portfolio in power management components.
The SymCool power module, already in shipment, promises enhanced performance across various industrial applications, including renewable energy inverters, industrial inverters, and electric vehicles. Ideal Power anticipates significant growth in industrial markets, particularly in solid-state circuit breakers, driving sales in the latter half of 2024.
With an asset-light business model, Ideal Power optimizes resource allocation, focusing on advancing its groundbreaking B-TRAN™ technology while leveraging existing infrastructure. This strategic approach positions Ideal Power for sustained innovation and market expansion in the semiconductor power sector.
Clickhereto read the original press release.
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