Agile Switch Press Release 2011-10-27

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8/3/2019 Agile Switch Press Release 2011-10-27 http://slidepdf.com/reader/full/agile-switch-press-release-2011-10-27 1/2 FORIMMEDIATERELEASE:  AgileSwitchReceivesBFTPFundingForSolarInverterPowerModules Philadelphia,PA–October27,2011 –AgileSwitch,LLCannouncedtodaythatithas receivedfundingfromBenFranklinTechnologyPartners(“BFTP”)ofSoutheastern Pennsylvaniafordesign,developmentandtestingofAdvancedPowerConversion Assemblies(APCA)modulestobedeliveredtopotentialcustomerswhoare manufacturersofsolarinverters,windturbines,smartgridandotherprovidersof renewableenergyproducts. TheneedfortheCompany’sproductsisbeingdrivenbymarketrequirementsfor morepowerful,fasterIGBTSwitchDriverscapableofwithstandinghighervoltages. Asbothswitchingspeedsandswitchsizesincrease,thedemandsonSwitchDrivers increase. TypicallymodulesliketheAPCAaredevelopedbyinvertermanufacturers.This requiresthattheyhavethecapabilityinhousetobridgedigitaldesignaswellas mechanicalandpowerelectronics.Invertercompaniesaretypicallylookingto differentiatebasedonfunctionalityoutsideofthepowerconversionprocessitself– throughsoftwareandservice,andarelookingforthird-partysolutions. AgileSwitchdevelopstransformativetechnologythatimprovestheperformanceand efNiciencyofdriversforIGBTswitches.IGBTsareusedinavarietyofpower convertersincludingsolar/PVinverters,windturbines,motorsdrives, uninterruptablepowersupplies,industrialmachines,hybridelectricvehicles, tractionandpowerdistribution. TheCompany’sNirstproductisadriverforaninsulatedgatebipolartransistor (“IGBT”)module,whichisacomponentofaninverter,adevicethatconvertsdirect currenttoalternatingcurrent.TheseIGBTdriversweredesignedfromtheground uptobecompatiblewithIGBTsproducedbyFujiElectricSemiconductors. AgileSwitchpreviouslyreceivedfundingfromBFTPfordevelopmentofthese drivers. AgileSwitchreceivedfundingfromPA’sBenFranklinTechnologyDevelopment AuthoritythroughitsCompetitiveEnergyConsortia(CEC)program.TheCECispart oftheregion’seffortstoestablishGreaterPhiladelphiaasthehub…PowerValley…for alternativeenergydevelopmentintheMid-Atlantic. ThisprojectisSupportedbyagrantfromtheCommonwealthofPennsylvania’s BFTDAthroughtheBenFranklinTechnologyPartnersofSoutheasternPennsylvania. Thisfundingshouldnotbeconstruedasanendorsementofanyproducts,opinions, orservices.Allprojectsareextendedtothepubliconanondiscriminatorybasis.  AboutAgileSwitch,LLC

Transcript of Agile Switch Press Release 2011-10-27

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    FORIMMEDIATERELEASE:

    AgileSwitchReceivesBFTPFundingForSolarInverterPowerModules

    Philadelphia,PAOctober27,2011AgileSwitch,LLCannouncedtodaythatithas

    receivedfundingfromBenFranklinTechnologyPartners(BFTP)ofSoutheasternPennsylvaniafordesign,developmentandtestingofAdvancedPowerConversionAssemblies(APCA)modulestobedeliveredtopotentialcustomerswhoaremanufacturersofsolarinverters,windturbines,smartgridandotherprovidersofrenewableenergyproducts.

    TheneedfortheCompanysproductsisbeingdrivenbymarketrequirementsformorepowerful,fasterIGBTSwitchDriverscapableofwithstandinghighervoltages.Asbothswitchingspeedsandswitchsizesincrease,thedemandsonSwitchDriversincrease.

    TypicallymodulesliketheAPCAaredevelopedbyinvertermanufacturers.Thisrequiresthattheyhavethecapabilityinhousetobridgedigitaldesignaswellasmechanicalandpowerelectronics.Invertercompaniesaretypicallylookingtodifferentiatebasedonfunctionalityoutsideofthepowerconversionprocessitselfthroughsoftwareandservice,andarelookingforthird-partysolutions.

    AgileSwitchdevelopstransformativetechnologythatimprovestheperformanceandefNiciencyofdriversforIGBTswitches.IGBTsareusedinavarietyofpowerconvertersincludingsolar/PVinverters,windturbines,motorsdrives,uninterruptablepowersupplies,industrialmachines,hybridelectricvehicles,tractionandpowerdistribution.

    TheCompanysNirstproductisadriverforaninsulatedgatebipolartransistor(IGBT)module,whichisacomponentofaninverter,adevicethatconvertsdirectcurrenttoalternatingcurrent.TheseIGBTdriversweredesignedfromthegrounduptobecompatiblewithIGBTsproducedbyFujiElectricSemiconductors.AgileSwitchpreviouslyreceivedfundingfromBFTPfordevelopmentofthesedrivers.

    AgileSwitchreceivedfundingfromPAsBenFranklinTechnologyDevelopmentAuthoritythroughitsCompetitiveEnergyConsortia(CEC)program.TheCECispartoftheregionseffortstoestablishGreaterPhiladelphiaasthehubPowerValleyfor

    alternativeenergydevelopmentintheMid-Atlantic.

    ThisprojectisSupportedbyagrantfromtheCommonwealthofPennsylvaniasBFTDAthroughtheBenFranklinTechnologyPartnersofSoutheasternPennsylvania.Thisfundingshouldnotbeconstruedasanendorsementofanyproducts,opinions,orservices.Allprojectsareextendedtothepubliconanondiscriminatorybasis.

    AboutAgileSwitch,LLC

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    AgileSwitchplug-and-play IGBTdriversareprovidedascompleteofferingsandcanbedirectlyattachedtoInsulatedGateBipolarTransistor(IGBT)modulesforinstantuse.Forinformationcallusat484-483-3256,[email protected]://www.AgileSwitch.com

    AboutBenFranklinTechnologyPartnersofSoutheasternPennsylvania

    BenFranklinTechnologyPartnersofSoutheasternPennsylvaniaisanational,awardwinningmodelfortechnologyinnovation,andacatalystfor StimulatingEntrepreneurialPotential.Formorethan28years,wehaveinvestedininnovativeenterprisesandcreatedcommercializationpathwaysandpartnershipsthatgeneratewealththroughscienceandtechnology.WeofferentrepreneursandestablishedbusinessestheCapital,KnowledgeandNetworks tocompeteintheglobalmarketplace.Wehaveinvestedmorethan$145milliontogrowmorethan1,700regionalenterprisesacrossallareasoftechnology.

    BenFranklinsprogramsandpartnershipswithuniversities,corporationsandinvestorsstrengthentheregionsinnovationinfrastructure.Togetherwithpartnersacrosstheregion,wearefosteringtheformationofaGreaterPhiladelphiaenergyclusterPowerValley.Wearethecommercializationpartnerforthe GreaterPhiladelphiaInnovationCluster(GPIC) nationalenergyhub,andthefoundingpartneroftheEnergyCommercializationInstitute(ECI).WearefoundingpartnersofTheanotechnologyInstitute(TI),EmeraldStage2VentureFund,andnumerousotherprogramsandinitiatives.

    BenFranklinispartoftheCommonwealthofPennsylvaniasBenFranklinTechnologyPartnership.

    Foradditionalinformation,pleasevisitwww.sep.benfranklin.org,Facebook,LinkedIn&Twitter.

    BFTP/SEPContact:

    JaronJ.RhodesManager,MarketingandCommunications(215)972-6700,[email protected]

    mailto:[email protected]://www.linkedin.com/groups?home=&gid=2172775&trk=anet_ug_hmhttp://twitter.com/BFTP_SEPhttp://www.sep.benfranklin.org/http://www.facebook.com/pages/Ben-Franklin-Technology-PArtners-of-Southeastern-PA/127885416018http://www.sep.benfranklin.org/programs-serviceshttp://www.sep.benfranklin.org/programs-serviceshttp://www.sep.benfranklin.org/programs-services/industries-sectors/energy/nti/http://www.sep.benfranklin.org/programs-services/industries-sectors/energy/nti/http://www.sep.benfranklin.org/programs-services/industries-sectors/energy/greater-philadelphia-innovation-cluster/http://www.sep.benfranklin.org/programs-services/industries-sectors/energy/eci/mailto:[email protected]:[email protected]://twitter.com/BFTP_SEPhttp://twitter.com/BFTP_SEPhttp://www.linkedin.com/groups?home=&gid=2172775&trk=anet_ug_hmhttp://www.linkedin.com/groups?home=&gid=2172775&trk=anet_ug_hmhttp://www.facebook.com/pages/Ben-Franklin-Technology-PArtners-of-Southeastern-PA/127885416018http://www.facebook.com/pages/Ben-Franklin-Technology-PArtners-of-Southeastern-PA/127885416018http://www.sep.benfranklin.org/http://www.sep.benfranklin.org/http://www.sep.benfranklin.org/programs-serviceshttp://www.sep.benfranklin.org/programs-serviceshttp://www.sep.benfranklin.org/programs-serviceshttp://www.sep.benfranklin.org/programs-serviceshttp://www.s2vc.com/http://www.s2vc.com/http://www.sep.benfranklin.org/programs-services/industries-sectors/energy/nti/http://www.sep.benfranklin.org/programs-services/industries-sectors/energy/nti/http://www.sep.benfranklin.org/programs-services/industries-sectors/energy/eci/http://www.sep.benfranklin.org/programs-services/industries-sectors/energy/eci/http://www.sep.benfranklin.org/programs-services/industries-sectors/energy/greater-philadelphia-innovation-cluster/http://www.sep.benfranklin.org/programs-services/industries-sectors/energy/greater-philadelphia-innovation-cluster/http://www.sep.benfranklin.org/programs-services/industries-sectors/energy/greater-philadelphia-innovation-cluster/http://www.sep.benfranklin.org/programs-services/industries-sectors/energy/greater-philadelphia-innovation-cluster/http://www.sep.benfranklin.org/programs-services/industries-sectors/energy/eci/http://www.sep.benfranklin.org/programs-services/industries-sectors/energy/eci/http://www.agileswitch.com/http://www.agileswitch.com/mailto:[email protected]:[email protected]://www.agileswitch.com/products.pagehttp://www.agileswitch.com/products.page