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Ideal Power Inc. announced that the company received an order for SymCool™ power modules and drivers from one of the two Forbes Global 500 leaders in diverse power management markets in Ideal Power’s B-TRAN™ test and evaluation program.
“We are delighted to announce this power management market leader in our test and evaluation program is now ordering SymCool™ power modules. This global customer is evaluating SymCool™ for use in its bidirectional solid-state circuit breaker products for diverse industrial markets,” stated Dan Brdar, President and Chief Executive Officer of Ideal Power.
“Strong momentum continues, and we look forward to design wins and/or custom development agreements for solid-state circuit breaker applications in industrial markets. We expect industrial markets to be the earliest source of our sales ramp beginning in the second half of 2024.”
This global power management market leader is evaluating SymCool™ against IGBT modules for use in solid-state circuit breaker (SSCB) applications. The order for SymCool™ power modules follows the customer’s testing of discrete B-TRAN™ devices as part of the B-TRAN™ test and evaluation program.
Testing confirmed that the B-TRAN™ technology packaged into the multi-die SymCool™ power module has significantly lower conduction losses compared to conventional power semiconductors such as IGBTs, an advantage that is even more pronounced in bidirectional applications. In addition to energy savings, this improved efficiency also results in lower cost and less complex cooling systems, benefits that significantly impact the economics of OEM products such as SSCBs.
In response to this customer’s requests, Ideal Power provided high-volume quotes for SymCool™ power modules. This customer may also evaluate our technology for its other power conversion applications.
Original – Ideal Power
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Navitas Semiconductor secured the 49th position on Forbes’ 2024 America’s Successful Small Companies list. The ranking is recognition of the company’s growth based on strong demand for Navitas’ advanced, high-efficiency, wide bandgap (WBG) GaN and SiC power components, across growing and diverse global markets and an expanding customer base.
Forbes evaluated Navitas on earnings growth, sales growth, return on equity, and total stock return over the preceding five years, with a specific focus on the last 12 months, including Navitas’ 115% increase in revenue (Q3’22 to Q3’23).
Looking ahead, Navitas will host an in-person 2023 Investor Day at the company’s new Torrance HQ (with livestream), from 12:30 pm Pacific / 3:30 pm US Eastern on Tuesday 12th December. Highlights include a deep dive into four major new GaN/SiC technology platforms and focus markets, plus customer testimonials and a refresh on the $1B+ customer pipeline, plus 2024 and long-term financial outlook.
“The top 50 ranking is great recognition by Forbes for Navitas’ growth,” said Gene Sheridan, co-founder and CEO. “GaN and SiC are accelerating the transition away from fossil fuels to ‘Electrify Our World™’ with renewable sources and efficient uses of electricity. This disruptive, displacement technology upgrades from legacy silicon chips, to make existing applications more efficient, lighter, faster charging and longer range, with lower system costs.”
Original – Navitas Semiconductor
