Ideal Power Announces Distribution Agreement with Kaimei Electronic Corp.

Core Insights - Ideal Power Inc. has announced a partnership with Kaimei Electronic Corp. to distribute its B-TRAN® technology across Asia, leveraging Kaimei's established customer base and market presence [1][2][3] Company Overview - Ideal Power is a developer of the patented B-TRAN® bidirectional semiconductor power switch, which offers significant efficiency improvements for various applications including electric vehicles, renewable energy, and energy storage [5] - The B-TRAN® technology is designed to reduce conduction and switching losses, simplify thermal management, and lower operating costs in AC power switching [5] Partnership Details - The partnership with Kaimei will allow Ideal Power to utilize Kaimei's extensive sales expertise and customer network, targeting shared markets such as industrial, automotive, renewable energy, and EV charging [2][3] - Kaimei has a strong track record, operating in 60 countries and providing high value-added electronic components [2][6] Market Context - Asia is identified as the largest market for power electronics, with companies in the region typically adopting new technologies more rapidly than those in Europe and the U.S. [3] - The collaboration aims to drive revenue growth and secure additional design wins for Ideal Power's B-TRAN® technology [3][4] Business Model - The distribution agreement aligns with Ideal Power's asset-light business model, allowing the company to focus on technology improvements and commercialization while maintaining working capital efficiency [4]