Monday, July 27, 2009

Power-One, Inc. and Powervation, Ltd Announce Patent License

CAMARILLO, Calif. & LIMERICK, Ireland & PALO ALTO, Calif.--(BUSINESS WIRE)--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.

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