Ideal Power Inc (NASDAQ:IPWR) announced that it has entered into an agreement with Sekorm Advanced Technology (Shenzhen) for the distribution of its products throughout China.
Ideal Power CEO Dan Brdar said the agreement was a “significant development” in the commercialization of Ideal Power’s B-TRAN bidirectional semiconductor power switch.
Sekorm marks its third distributor, having earlier inked deals with Richardson Electronic for the global distribution of its products and RYOSHO, a subsidiary of Ryoden Corporation, for global distribution with particular strength in Japan.
“Sekorm stands out for their expertise in demand creation throughout China, strong technical sales capability and securing sales for new technologies,” Brdar said.
“This leading demand-creation distributor addresses B-TRAN target industrial and automotive markets in China, the world's largest market for power semiconductors.
“We look forward to collaborating with Sekorm to secure orders that may potentially lead to design wins and/or custom development agreements."