Ideal Power sells power conversion systems business, PPSA technology to Pathion
Pathion has entered into an agreement with Ideal Power to purchase Ideal Power's power conversion systems business and power packet switching architecture, or PPSA, technology for a combination of cash and shares of common stock in Pathion. "We believe integrating PPSA technology into PATHION's total solution will provide a greater competitive advantage in the C&I market sector. Additionally, incorporating our B-TRAN technology into future PPSA-based power converters provides a sustainable long-term competitive advantage for PATHION's solutions. We are excited to help enable this opportunity and its potential to directly benefit our shareholders through our equity position in PATHION," said Lon Bell, chairman and CEO of Ideal Power.