CUI, Inc., a subsidiary of Waytronx, Inc. (OTCBB: WYNX), has entered into a non-exclusive Field of Use Agreement with Power-One, Inc. (Nasdaq: PWER) to license Power-One’s Digital Power Technology patents to CUI. The non-exclusive license agreement provides access to Power-One’s portfolio of Digital Power Technology patents for incorporation into CUI’s new line of digital point-of-load power modules.
“Power-One is pleased to license its digital power portfolio to CUI, Inc.,” said Alex Levran, Chief Technology Officer of Power-One. “We feel this move continues our goal of expanding the market for Digital Power Technology and the inherent advantages it holds over standard analog solutions,” explained Levran.
CUI is a PMBus member, and through its V-Infinity power division, manufactures a range of embedded and external power electronics devices for OEM manufacturers.
Waytronx’s President & CEO, William Clough said, “We are excited to partner with Power-One to incorporate their digital power management technology into our line of products. With this agreement, we can now bring a product to market that is able to take full advantage of digital power’s potential over a broad target market.”
“We see a need in the market for a fully functional, PMBus compliant module that can be easily implemented into a number of systems,” continued Clough. “Once again, our ability to continue acquiring technology from blue chip clients like Power-One in the current business climate is a testament to the strength and quality of our marketing team as well as our broad product and service offerings,” Clough concluded.