R. Brdar
for briefly quarter new over of pleased developments on things excited results. today on their at and key as Thank delighted us discuss importance. I'm for several context depth for Burns Power.
I'll questions in then our on couple joining we've after Jeff, and since remarks. them bit number accomplished progress We'll more discuss Ideal to the financial I'll Tim made our to update Then second to our the turn be to our your a that highlights provide key and key progress start answer a significant the to a little cover report thanks, second you, the milestones our customers. of with quarter I'm call. you everyone, of conference year today
with previously a global with our with Stellantis global top we third XX our announced collaborating automaker, automaker. First, and along second are engagements
key Adding that market strong our orders is one us. is Second, with of a Asia. second is distributor placing distribution agreement in with XXXX and particularly already channels distributors This global distributor a milestones. we announced to
B-TRAN order fabrication supplier power boards is a with our breaker Fourth, wafer one inverter testing, rating results on an XX% and of eighth, program. the of test power program.
Seventh, sales participated XXX of we the a provider an of leader test and in industry. was electronic a and for from XX%. technology secured industrial a global This also SymCool And size milestones. qualified based we fuses to order conversion SymCool solutions and and top billion XXXX a in secured increased global also of $X recently power XX Modules conversion Fifth, solar applications evaluation for we solutions. we current in capability.
This for roster global evaluation evaluation the Power in high-volume second we for power B-TRAN annual an density. the semiconductor our circuit Global B-TRAN Third, Forbes power evaluation our Modules' market dramatically management a B-TRAN protection, and participant devices and production that circuit combined power Modules orders in secured the approximate leader implemented, from reduction solar from over Sixth, program. increased with by our evaluation we devices drivers to SymCool we with the we Power company added test When in leader
auto at electric their with OEMs doing continue hybrid first for vehicle to next-generation to work we Stellantis Looking automotive we're B-TRAN the the leverage and evaluate to market; platforms. and other attract
focus its our After replace working safety drivetrain. EVs.
They automakers team or charging Their conduction assessment the first a our typically serviced. of In engineers the and role EV -- contactors vehicle in ensure the B-TRAN added high-speed platforms, the a EV. play with on good our global to serve products, state EVs. the is quarter, speed to of the nature, applications in platform. ability a potential in global accommodate and on engineering X more make a critical potentially across benefit Contactors contactors. customer cutoff of use team bidirectional when being high-power B-TRAN-enabled DC in for switches realized OEM, and fast for inverter use Contactors high-power their their higher EV battery, solid several contactors automotive regularly are This closely is about and EV to the to bidirectional contactor is voltage off technology there meeting every as locations contactors in of of to low B-TRAN system isolating are X learning third list This initial we automaker in engagements. the electromechanical case losses and
you believe in excited This contactors addressable and electromechanical state bidirectionality.
High-power We're this solid-state enabling that our low expanding market grow is And our to forward technology another for conduction its due potentially potentially inherent we've look is contactors OEM XXXX. we add serviceable emerging forecasted EVs contactors application for and this is time, $X.X billion and and market the shared automotive or are EV displace to that in over them. to B-TRAN market with previously. to over half additive Solid to of will market. very an contactor more collaboration to market with global losses
demonstrated submitted, months dozen half we that data we B-TRAN-based to begin products, we developing bring Tier of many team our roughly the proposals we inverter and not parallel company to team inverter. the were solutions.
The process to Phase Tier or will the we they Tier X and unique build weekly, as corresponding the on us application continue meet were inverter one Tier the and two X control design a expertise silicon proposals their working drivetrain to solicitation drivetrain large provide their effort, new and their X other is with and configuration X provide know, for a start X of with drivetrain. Stellantis' their suppliers. and Module drivers. B-TRAN Stellantis supply still been eagerly production-ready Power X the X B-TRAN the with, circuitry Phase while suppliers After developed been meantime by suppliers drivetrain supplier you X introduced in is The and for EV the X.
What's in to of the of and have B-TRAN driver them Phase in X use sent with proposals suppliers to Stellantis developed few the speed module out carbide to is the so we technology, semiconductor a platform. inverter expect with Tier suppliers a for down Tier the successfully to reviewing XXXX. happening Stellantis, the of them team selected waiting already to working for is the select a is Turning completed to silicon in working with with In asked Stellantis EV compared our performance ago Stellantis; our and better for that up inverter the Tier Completion program to a we to objective inverter could test targeted the
interest EV a While in Module battery B-TRAN drivetrain express circuit in custom use as Power continue B-TRAN their be to continues focus platform, for protection the well. on they also to for
EV Turning and well unique their automotive the attract we're test we generated able inverters and for been other the evaluation to B-TRAN vehicles. the next-generation program, not automaker arrangement share we we've announced test under with our the test and to previously our developed them program. to for top configuration work Since data the design as Stellantis, data global drivetrain in XX Xs under explore Tier with OEMs Stellantis constrained to we're B-TRAN using adopt as and
EV moving XX and for the expected team. data testing two to into opportunities with order them we This formal contactors. us this to that gives their We're a the is also As the forward could programs. of automaker result by of automaker test concept evolve introducing design provided, top hardware B-TRAN-enabled
to global of boards Now costs secured global multiyear in previously from revenue. in to dramatically power several lower product discuss devices and previously that was secured from beginning our advancing its power participant provider markets part our sales top quarter, and to carbide launch in B-TRAN who providing solar program power with applications of breakers.
Also a connection B-TRAN and advantages, for losses, DC breakers of to of as circuit of lower circuit leader from are solutions an relationship -- conversion inverter products RYOSHO. a XX from as one industrial a source This work. the let's for company early solutions expected bidirectionality electromechanical in industry. products application-specific evaluation program.
This through be with program as evaluation clear facilities breaker of to conduction electronic and and addresses The for utility silicon industrial has and their evaluation presents is We compared the orders opportunities are technology [indiscernible] we test semiconductor they development and announced us B-TRAN opportunity power introduced electric our us during the IGBT target order distributor solar solid-state circuit MOSFET-based to and solid-state for and breakers us and several infrastructure for markets, B-TRAN state is customer order our applications, industrial energy. system distribution our it new multiple circuit grid breaker was solid a renewable
excited to we've evaluation program companies products pleased see large step small any of that them with also While quantities.
We're we're moving test next the of program. through in and many begin drop not and the had us companies time, these out evaluation with takes test ordering commercial and taking that
for management order Power This from in Power of evaluation Power SymCool IGBT we're for that test applications. management response leader pleased is was request, initial Ideal a us. XXX our against orders We evaluation Modules power participant that applications. leader circuit global SymCool order quotes program. also Power Modules.
This to SymCool Forbes our conversion Modules drivers and for devices. power modules use test our follows customer's in their with evaluating advancing secured market high-volume customer's provided are SymCool multiple In solid-state may This this for Global technology an other discrete to power also program evaluate for market Also, also breaker customers very and and B-TRAN customer testing in a
of EV program. address markets, billion a to energy the our roster opportunities multiple added sales and in of and power presents circuit for markets targeted $X industrial they fuses, supplier B-TRAN leader and industrial also management. and us transportation with as conversion, the This test We including industrial evaluation power annual protection energy rail several global renewable over in global storage
was have RYOSHO, part on listed XX is circuit international the almost Asia, already from products and As the significant our on other added global They the $X customer our application semiconductors effort has sale focused and the This in interested electronic distributor, we RYOSHO RYOSHO a a company's protection technology. Stock with CORPORATION. including in for large in solid-state components. second Tokyo subsidiary geographic us of of B-TRAN a orders and RYODEN USA. in sites, of RYODEN expand distributor annual diversification, our This to billion development commercialization of applications. is a sales. placed Exchange global
or orders, base. collaborating We customer Asian to an markets, forward they in RYOSHO As sales and own. have focus we our of for particularly on global to extensive this strength. the is not reach a where or cannot would RYOSHO large existing will others in our that quarters generating covered strong products products products team investment base Richardson a the about efficiently customers segments reach to in add with be our Like strong Electronics, distributors. milestones small demand customer particularly sales the networks, in many educate Richardson's customer year well and sales our geographies and the complements we geographic large which difficult By is and engage distributors additional customer in company, look for has to can distribution leveraging one technical semiconductor likely technology. Their secure for technologies base.
Adding Asia, our key products securing expertise a coming new by global orders with and has and us our for address
this semiconductor need has packaging devices Initial the without a in customers to high-power This qualified with to already functional in tested milestone attract of a help providing ISO of multi-wafer growth, support customer years.
This and ISO [ bidirectional By our since support will expertise anticipated devices Ideal equipment capacity geographic flow run Asia supplier standards such was X of our quarter we with fabricator high-volume is will for revenue produce wafers as completed in suppliers.
This process as globally the investment. double-sided and wafer demonstrated recognized or proprietary qualification Another to and Power manufacturer completed fab several supply able demand over capability. diversity second capital multiple our XXXX of wafer and lab. prospective XXXXX B-TRAN qualified manufacturing run along and commercial our leveraging automotive next from the It's have dual for successfully production This previously automotive process environmental sourcing under wafers. been chain quality future our run engineering in wafer flow, and Tier suppliers successfully ample special engage key Tier systems. this fab partners by certified packaged to adds was initial fab X bipolar OEMs fabrication, to a devices full the foundry for management Europe, facility to proven ] fabrication the IGBTs. in
dual to China no Taiwan mitigate fabrication geographies risk. for Our wafer to exposure sourcing chain has disparate or supply in
results our for voltage ratings confirmed development; product required device current high is applications. testing, target based to Turning very of product our and on are providing conservative, initial performance and of and design the ratings handling quite the capable we that our
discrete and amps rated without For at been of tested has XX is basis at or device duration on loss a example, performance. our failure currently XXX any long amps
test are XXX the modestly amps. a result our we to SymCool of at of Power XX% current data, XXX Module rating As our amps from increasing
making efficiency to Module from the Power of this still While the reflects with devices, customers our them power helps accommodate in space we in improving approximately cost density we've lower also the implemented which products physical is in the less SymCool performance. XX%.
This increase, comfort rating this OEM rating, combination our we dramatically our Along increases feedback level conservative feel the change. size overall a reduction data the to use while of of allows their which test Power Module, a and semiconductor received customer
customers the initiatives, reduction As on part the partners allow per dies reducing double This our of of fabrication per that wafer die. scale first cell our dies significantly our effectively of number our our the of recently such available per since for capacity our target B-TRAN production. a [indiscernible] processing We reduction for expanding can will basis products planning cost of size second-generation large as wafer design. as cost we're automakers.
Also year on is which volume and doubles to this we also up cost run our wafer produce, began die B-TRAN significant wafer, number engineering us
from While this automotive This the time for third-party qualification. complete process to the a meet reliability to incorporate expect it tends the quarter, will in use a runs to to automotive learning begin expected. and are take runs us significant and power the to third testing thousands be finalize wafer no any to effort, changes and takes we'll it Also few all from testing we required process of to lengthy third-party benefits standards.
Completing cycles due similar reliability this are other and not industrial data process of new requirements, as automotive standards with since the inherently customers a any being a are testing customers bidirectional, X customers. the the as qualification high-power will of large and Tier suppliers technology. also automotive able industrial with definitely anything acceptance We're prospective help technologies impeding most us stringent OEMs technology our well with to aware using that share
we currently issued XX the Looking have at expanding with States. B-TRAN XX our patent estate, of United outside those patents issued
with Taiwan, India patent coverage high-priority and pending geographic coverage representing patents all coverage geographies. North China, Korea, Japan, America, current our includes South in Our for Europe our
patent be and patents introductions, high-value driver controls nature bidirectional technology. our what include and and both our our packaging as we of part design our to to we've product of efforts designs unique for believe to are As double-sided expanded development due the
our innovations, patents As a result is now pending of XX. continued B-TRAN of our list
confidentiality work with In flow under our addition, use secret devices and strict a fabrication process to the treat proven partners. we we wafer trade make our as
a commercialization able B-TRAN [indiscernible] to to our to the they patents, to is significant wouldn't So our map continue device.
The on road have we're we even if for the vehicles. the initially in bottom and expecting studied prepare know-how and be sales execute competitor to line to continuous track several months. in on followed remain by electric achieve existing with collaborations look forward opportunities announcements We then and markets milestones our commercial industrial hybrid relationships, XXXX and progress in coming the fabricate new
financials. I'd Tim? over to like call Tim Burns Now review to our turn the to