Richardson Electronics, Ltd. announced a global distribution agreement with Ideal Power for products including the discrete B-TRAN? device and SymCool? power module.

Ideal Power is pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN? bidirectional semiconductor power switch. Ideal Power recently commenced shipment of its SymCool?

power modules to fulfill customer orders. The SymCool? power module delivers clear advantages for several applications, including solid-state switchgear and circuit protection, renewable energy inverters for solar and wind, industrial inverters, hybrid and electric vehicles (?EVs?), and EV charging.

Ideal Power looks forward to industrial markets, particularly the solid-state circuit breaker market served by SymCool? power module, to be the earliest source of sales ramp beginning in the second half of 2024, as expected. Ideal Power utilizes an asset-light business model leveraging the large investment already made in the silicon processing, distribution, demand creation and support infrastructure.

This business model allows the Company to focus on further developing its disruptive B-TRAN? technology while minimizing capital requirements.