Navitas Semiconductor Corp (NVTS) shares surged 5.07% in pre-market trading on Tuesday following the announcement of a strategic partnership with BrightLoop. The collaboration aims to revolutionize hydrogen fuel-cell charging solutions, particularly for heavy-duty agricultural transportation equipment.
The partnership will integrate Navitas' advanced Gen 3 'Fast' Silicon Carbide (SiC) MOSFETs with BrightLoop's high-performance multiverters. This technological synergy is expected to deliver exceptional power conversion efficiencies exceeding 98% and impressive power densities of up to 35 kW/kg and 60 kW/L. By leveraging Navitas' SiC technology and BrightLoop's Power Flow Processor, the companies seek to enhance energy management in both AC and DC applications.
This collaboration positions Navitas Semiconductor at the forefront of the growing hydrogen fuel-cell market, potentially opening up new revenue streams in the agricultural and transportation sectors. The focus on high-efficiency, reliable power solutions aligns with the increasing demand for sustainable energy technologies, which could drive long-term growth for Navitas and contribute to its market position in the semiconductor industry.
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