Ideal Power Announces Distribution Agreement with Kaimei Electronic Corp.
- Partnership provides access to Asia, the world's largest power electronics market
- Leverages Kaimei's established presence in 60 countries and existing customer network
- Alignment with asset-light business model reduces operational costs
- Targets multiple high-growth markets including EV charging, renewable energy, and automotive sectors
- First time Kaimei will act as a third-party distributor, indicating potential inexperience in distribution
- Heavy reliance on a single distribution partner for the entire Asian market
Insights
Ideal Power's new Asian distribution deal with Kaimei significantly expands B-TRAN's market reach into the world's largest power electronics region.
Ideal Power's distribution agreement with Kaimei Electronic represents a strategic market expansion for their B-TRAN® bidirectional semiconductor technology. This partnership gives Ideal Power access to Asia's massive power electronics market through Kaimei's established network spanning 60 countries across Asia, Europe, and the Americas.
The significance of this deal lies in market alignment. Both companies target identical sectors: industrial, automotive, renewable energy, energy storage, UPS and EV charging - precisely where bidirectional power switching delivers maximum value. Asian markets typically adopt new semiconductor technologies faster than Western counterparts, potentially accelerating B-TRAN's commercial traction.
From a business model perspective, this agreement reinforces Ideal Power's asset-light strategy. Rather than building their own Asian distribution infrastructure, they're leveraging Kaimei's established channels, manufacturing expertise, and customer relationships. This approach maintains capital efficiency while expanding market reach.
For Kaimei, B-TRAN® represents their first venture as a third-party distributor beyond their core manufacturing business of electrolytic capacitors, resistors, and motor fans. This suggests Kaimei sees significant potential in B-TRAN's technology to complement their existing component portfolio and create new revenue streams with their established customer base.
Kaimei Electronic Corp. and Ideal Power are partnering to promote Ideal Power's innovative B-TRAN® technology to Kaimei's existing and prospective customer base alongside their own product portfolio. B-TRAN® will be the first product line for which Kaimei will operate as a third-party distributor. Kaimei has had decades of success as a manufacturer of high value-added electronic components selling into 60 countries in
"We are excited to enter into this distribution partnership with Kaimei. They already serve customers in B-TRAN® target industrial, utility and automotive markets in
The distribution agreement with Kaimei aligns with Ideal Power's asset-light business model. Ideal Power leverages the large investment already made in silicon processing, packaging, distribution, demand creation and support infrastructure. This business model allows the Company to continue focusing on disruptive B-TRAN® technology improvements and commercialization while driving working capital efficiency.
About Ideal Power Inc.
Ideal Power (NASDAQ: IPWR) is the developer and innovative provider of its broadly patented bidirectional semiconductor power switch, creating highly efficient and ecofriendly energy control solutions for electric vehicle, electric vehicle charging, renewable energy, energy storage, UPS/data center, solid-state circuit breaker and other industrial and military applications. The Company is focused on its patented Bidirectional, Bipolar Junction Transistor (B-TRAN®) semiconductor technology. B-TRAN® is a unique double-sided bidirectional AC switch that delivers substantial performance improvements over today's conventional power semiconductors. Ideal Power's B-TRAN® can reduce conduction and switching losses, complexity of thermal management and operating cost in AC power switching and control circuitry. For more information, visit the Company's website at www.IdealPower.com, on LinkedIn, on Twitter, and on Facebook.
About Kaimei Electronic Corp.
Kaimei Electronic Corp., founded in 1978 and listed on the Taiwan Stock Exchange since 1998, manufactures and sells electrolytic capacitors, resistors and motor fans offering high value-added products and services in 60 countries in
The Kaimei Group has successfully grown through acquisition and integration, offering high value-added products and services across several industry segments. It continuously invests in its capabilities of product development, manufacturing, and marketing while developing deep domain knowledge in the segments in which it operates. The integration of two companies, Teapo Electronic and Kaimei Electronic, was completed in 2019, accelerating businesses growth for the combined entity. The Company strives to deliver excellence with its continuous business expansion and strengthening core competencies.
Safe Harbor Statement
All statements in this release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While Ideal Power's management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Such forward-looking statements include, but are not limited to, statements regarding our expectation that our collaboration with Kaimei will drive revenue growth for us and potentially lead to additional design wins. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of our control that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, the success of our B-TRAN® technology, including whether the patents for our technology provide adequate protection and whether we can be successful in maintaining, enforcing and defending our patents, our inability to predict with precision or certainty the pace and timing of development and commercialization of our B-TRAN® technology, the rate and degree of market acceptance for our B-TRAN®, the impact of global health pandemics on our business, supply chain disruptions, and the expected performance of future products incorporating our B-TRAN®, and uncertainties set forth in our quarterly, annual and other reports filed with the Securities and Exchange Commission. Furthermore, we operate in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements, except as required by applicable law.
Ideal Power Investor Relations Contact
Jeff Christensen
Darrow Associates Investor Relations
jchristensen@darrowir.com
703-297-6917
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SOURCE IDEAL POWER INC.
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