Ideal Power Inc (IPWR)

[tykundegex]

IPWR inks white-labelled reseller and IP licensing deal with KACO!

http://www.solarnovus.com/kaco-new-energy-to-provide-ideal-power-energy-storage-systems_N9106.html

Ideal Power Inc., a developer of innovative power conversion technologies, and KACO new energy, a leading global provider of solar inverters and power conversion systems, are proud to announce that they have entered into an agreement that will allow KACO to resell Ideal Power's products under the KACO label. In addition, KACO will use Ideal Power's patented Power Packet Switching Architecture (PPSA) to develop its own differentiated products and integrated energy storage system solutions.

KACO new energy is the one of the world's largest manufacturers of solar inverters with more than 8 GW of installed systems. This agreement gives KACO access to Ideal Power's market-ready bi-directional power conversion systems for the battery energy storage and micro-grid markets. KACO intends to initially sell the systems in North and Central America, targeting both standalone energy storage, as well as solar plus storage system applications. The agreement also enables KACO to design and launch their own products using Ideal Power's technology.

At one-quarter to one-eighth the size and weight of conventional solutions, Ideal Power's systems result in significantly lower installed costs. Ideal Power's patented PPSA technology provides electrical isolation while eliminating the need for a transformer, making them smaller, lighter and more cost effective than traditional systems. Its patented technology, which increases round-trip efficiency, resulting in lower operational expenditures, combined with the reduction in material, manufacturing, shipping and installation costs, greatly improves return on investment for Ideal Power's systems.