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CAMARILLO, Calif. & LIMERICK,
Ireland & PALO ALTO, Calif.--(BUSINESS WIRE)--Jul. 27, 2009-- Power-One, Inc. (Nasdaq: PWER), a leading provider of power conversion and power management solutions, and Powervation, Ltd., a provider of Auto-Control™ digital power IC solutions, today announced that they have entered into a non-exclusive Field of Use license for Powervation under Power-One's digital power technology patents. The license does not extend to stand-alone power supplies using Powervation products.
"We are pleased that Powervation has licensed our digital power technology for use in its power smart devices," said
Richard Thompson, President and CEO of Power-One. "This agreement furthers Power-One's initiative to work with technology leaders to offer creative power solutions worldwide."
"We believe that our differentiated digital energy control semiconductor and system solutions provide substantial benefits to our customers for managing the power delivery and energy efficiency of information processing systems. Our collaboration with
Power-One on the intellectual property for systems level communication and digital power control means that our customers can easily move to the next level of power architecture implementation and maximize the compelling benefits of Powervation's technologies and solutions," said Antoin Russell, CEO of Powervation.
Power-One Power-One designs and manufactures energy-efficient power conversion and power management solutions for alternative/renewable energy, routers, data storage and servers, wireless communications, optical networking, medical diagnostics, military, railway controls, semiconductor test equipment, and custom applications. Power-One, with headquarters in Camarillo, CA, has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas. Please visit www.power-one.com
for more information.
Powervation provides a new class of Auto-control™ digital power IC solutions that optimize power-supply performance and efficiencies for manufacturers of electronic systems used in Computing, NetComms, Storage and other applications. In a simple yet revolutionary Plug-and-Power™ package, their unique technology delivers a reliable, scalable solution that reduces design complexity and cost, and accelerates time-to-market of eco power-smart systems. For more information, visit www.powervation.com.
Power-One, Inc. Contacts:
Senior Vice President, Finance and CFO
Avalon Investor Relations
Powervation Ltd. Contacts:
Vice President, Marketing
Genuity PR for Powervation