Ideal Power signs distribution agreement in Asia with Kaimei Electronic

Ideal Power (IPWR) announced a partnership with Kaimei Electronic, a manufacturer of electrolytic capacitors, resistors and motor fans. Under this agreement, Kaimei Electronic will distribute Ideal Power’s products throughout Asia. Kaimei Electronic and Ideal Power are partnering to promote Ideal Power’s B-TRAN technology to Kaimei’s existing and prospective customer base alongside their own product portfolio. B-TRAN will be the first product line for which Kaimei will operate as a third-party distributor. Kaimei and Ideal Power share many target markets including industrial, automotive, renewable energy, energy storage, UPS and EV charging. The partnership will leverage Kaimei’s existing sales expertise and customer network as the same customers for Kaimei’s products are also potential customers for B-TRAN.