Ideal Power Inc., a leading developer of the B-TRAN® bidirectional semiconductor power switch, has announced a new partnership with Kaimei Electronic Corp., a prominent manufacturer of electronic components. Under this agreement, Kaimei will distribute Ideal Power's innovative products across Asia, marking the first time Kaimei will act as a third-party distributor. This collaboration aims to promote Ideal Power's B-TRAN® technology to Kaimei's extensive customer base, which spans industrial, automotive, renewable energy, energy storage, UPS, and EV charging sectors. The partnership is expected to leverage Kaimei's established sales network in Asia, the world's largest market for power electronics, to drive revenue growth and enhance B-TRAN® design adoption. This agreement supports Ideal Power's asset-light business model, allowing the company to focus on advancing its technology while optimizing operational efficiency.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.