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Transphorm, Inc. (NASDAQ: TGAN) will host a conference call on August 15, 2022, at 5:00 p.m. ET to discuss its fiscal 2023 first quarter financial results. The company specializes in manufacturing high-performance gallium nitride (GaN) semiconductor products and claims significant advancements in power conversion efficiency, power density, and cost reduction. A replay of the call will be available until August 22, 2022, with live access through the provided conference call numbers. The company has a strong patent portfolio and innovative developments in the GaN industry.
Transphorm, Inc. (NASDAQ:TGAN), a leader in gallium nitride (GaN) power conversion, will participate in three investor conferences in August 2022. The events include the Canaccord Genuity Growth Conference in Boston from August 8-11, featuring President Primit Parikh's presentation on August 10 at 9:30 AM EST, the Oppenheimer Technology Conference from August 9-11, with CFO Cameron McAulay presenting on August 10 at 2:05 PM EST, and the Jefferies Semiconductor Conference in Chicago on August 30-31. One-on-one meetings can be scheduled via KCSA Strategic Communications.
Transphorm, Inc. (NASDAQ: TGAN) announced its collaboration with Phihong to launch a new 65W USB PD adapter, leveraging Transphorm’s SuperGaN® Gen IV technology. This adapter supports charging three devices simultaneously and boasts a compact design, yielding a 17% reduction in power loss compared to silicon alternatives. The global AC-to-DC adapter market is projected to reach $1.854 billion by 2026, with a CAGR of 12.7%. Transphorm’s innovative FETs are gaining traction with ODMs in Asia and a major Fortune 100 company, highlighting its growing market presence.
Transphorm, Inc. (NASDAQ: TGAN) has launched the TP65H050G4BS, a new 650V SuperGaN FET designed for high power systems in data centers and industrial applications. This surface mount device (SMD) features a low on-resistance of 50 milliohms, enhancing thermal performance and efficiency in PCB assembly. The product will aid engineers in developing multi-kilowatt systems and is available via Digi-Key and Mouser. This addition marks a significant step in leveraging Transphorm’s GaN technology to simplify system development and accelerate market entry.
Transphorm, Inc. (NASDAQ: TGAN) announced its anticipated inclusion in the FTSE Russell 2000® and Russell 3000® Indexes after the US market closes today. This inclusion enhances visibility among institutional investors and recognizes the value created for shareholders. Membership in these indexes, which handle approximately $16 trillion in assets, is determined by market-capitalization rankings. Transphorm, a leader in GaN power conversion, aims to innovate beyond silicon limitations, achieving over 99% efficiency and lower system costs.
Transphorm, Inc. (NASDAQ: TGAN) has introduced seven reference designs for GaN-based USB-C PD power adapters, designed to enhance the development of high-performance adapters ranging from 45W to 140W. Utilizing SuperGaN Gen IV 650V FETs, these designs promise improved efficiency and reliability. Key features include five open frame USB-C PD options with power densities from 18 to 30 W/in³ and peak efficiency exceeding 94.5%. Transphorm aims to simplify the design process for users, emphasizing their unique position in the GaN market.
Transphorm, Inc. (NASDAQ: TGAN) announced a significant financial boost, securing $16 million from the exercise of a green shoe option linked to a November 2021 private placement. This increases total equity financing proceeds to approximately $61 million since October 2021. As of June 3, 2022, the company's cash and equivalents exceed $45 million. CFO Cameron McAulay highlighted that this capital enhances operational flexibility to support future growth.
Transphorm, Inc. (TGAN) announced that its GaN technology enhances the LEMURIA ME3000, a lithium-ion power storage device by Nayuta Power Energy Co. Ltd., achieving 99% efficiency in a fanless design. This device is Japan’s first certified power storage for medical applications, demonstrating a 73% reduction in power loss compared to traditional systems. The LEMURIA ME3000 offers a continuous output of 1.5 kW and a storage capacity of 3.3 kWh, ensuring up to 33 hours of operation. The product targets various markets, including medical and telecommunications.
Transphorm, Inc. (NASDAQ:TGAN) announced its participation in three investor conferences in June 2022. The 19th Annual Craig-Hallum Institutional Investor Conference and the Loop Capital Markets 2022 Investor Conference will both be virtual on June 1, 2022. Additionally, the Stifel Cross Sector Insight Conference will take place in-person from June 7-9, 2022, with CFO Cameron McAulay presenting on June 8 at 9:10 AM. Transphorm’s leadership will be available for one-on-one meetings with investors.
Transphorm, Inc. (NASDAQ: TGAN) reported a remarkable 89% year-over-year revenue growth for fiscal 2022, reaching $24.1 million. The fourth quarter revenue increased by 103% to $4.93 million. Significant milestones included securing the largest order for SuperGaN® Gen IV FETs and numerous design wins from major corporations. Despite operational challenges, the company holds $34 million in cash. The leadership emphasized strong demand for GaN solutions and plans to manage supply chain issues while expanding their manufacturing capacity.