Power Integrations, Inc. : Power Integrations Completes Acquisition of CT-Concept Technologie AG
05/08/2012| 03:05am US/Eastern
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Power Integrations (Nasdaq: POWI),
the leader in high-voltage integrated circuits for energy-efficient
power conversion, today announced that it has completed the acquisition
of CT-Concept Technologie AG (known as CONCEPT), effective May 1.
Founded in 1986 and based in Biel, Switzerland, CONCEPT is a developer
of highly integrated, energy-efficient drivers for high-voltage IGBT
modules. The company's products are used in a range of high-voltage
power-conversion applications including industrial motor drives,
renewable energy generation, electric trains and trams, high-voltage DC
transmission, electric cars and medical equipment. CONCEPT employs
approximately 65 people and holds 14 patents with additional patents
pending. CONCEPT's management team and employees will remain at the
company's Biel headquarters, which will serve as Power Integrations'
center of excellence for high-voltage driver design.
Balu Balakrishnan, president and CEO of Power Integrations, commented:
"The acquisition of CONCEPT expands our footprint in the high-voltage
power-conversion market, enabling us to bring the same benefits of
integration - reliability, efficiency and ease of design - to high-power
systems that we have long brought to lower-power applications. CONCEPT
is an ideal strategic fit for us and we are delighted that they are now
part of our company."
About Power Integrations
Power
Integrations, Inc., is a Silicon Valley-based supplier of
high-performance electronic components used in high-voltage
power-conversion systems. The company's integrated circuits and diodes
enable compact, energy-efficient AC-DC power supplies for a vast range
of electronic products including mobile devices, TVs, PCs, appliances,
smart utility meters and LED lights. CONCEPT IGBT driver systems
enhance the efficiency, reliability and cost of high-power applications
such as industrial motor drives, solar and wind energy systems, electric
vehicles and high-voltage DC transmission. Since its introduction in
1998, Power Integrations' EcoSmart® energy-efficiency
technology has prevented billions of dollars' worth of energy waste and
millions of tons of carbon emissions. Reflecting the environmental
benefits of the company's products, Power Integrations' stock is
included in the NASDAQ® Clean Edge® Green Energy
Index, The Cleantech Index®, and the Ardour Global IndexSM.
For more information, including design-support tools and resources,
please visit www.powerint.com;
visit Power Integrations' Green
Room for a comprehensive guide to energy-efficiency standards around
the world.
Power Integrations, EcoSmart and the Power Integrations logo are
trademarks or registered trademarks of Power Integrations, Inc. All
other trademarks are property of their respective owners.
Power Integrations, Inc.
Investors:
Joe
Shiffler, 1-408-414-8528
jshiffler@powerint.com
Trade/technical
media:
Peter Rogerson, 1-408-414-8573
progerson@powerint.com
© Business Wire 2012
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