New CEO Appointment
David Somo was appointed as the new CEO, bringing over thirty years of semiconductor industry experience, with plans to drive revenue growth and leverage existing market opportunities.
Stellantis Partnership
Secured a purchase order from Stellantis for custom B-TRAN devices, with potential for a multiyear EV contactor program. This could lead to B-TRAN's deployment in all Stellantis EV models.
Expansion into Asia
Hired a direct salesperson in Asia to expand market reach, with Asia being the largest market for power electronics and known for faster technology adoption.
Increased B-TRAN Power Rating
Increased the power rating of the discrete B-TRAN product by 50%, sparking greater interest from both existing customers and new prospects.
First Design Win Customer Success
Successfully completed testing of updated solid-state circuit breakers with the first design win customer, moving towards production and end-customer sampling.