Mr. Sasson: Consider the fact that electricity usage in the United States is projected to grow twice as fast as committed resources over the next 10 years. Peak demand for electricity is forecasted to increase by almost 18% (135,000 MW) - enough energy to power more than 100 million homes on an average day. Meanwhile, committed resources to meet demand, including demand-response programs, are projected to increase by only roughly 8.5% (77,000 MW), according to statistics from the North American Electric Reliability Council. Obviously, a power gap persists, unless the world's citizens follow environmental directives for energy conservation, and technology companies find ways to improve power conversion efficiency, with lower financial and environmental costs. It is upon this second assertion that IXYS Corporation has found success.
Founded in Silicon Valley in 1983, IXYS has been developing technology-driven products to improve power conversion efficiency, generate clean energy, improve automation and provide technologies to the transportation, medical and telecom industries. Today we are a worldwide pioneer in the development of power semiconductors and high-voltage, integrated circuits (HVICs) necessary for reducing the world's dependence on fossil fuels. Much of our work surrounds converting power to usable form - basically taking high-voltage, raw electricity through the input, control, switching and output processes to end up with low-voltage, refined electricity used in the power grid, most electronics and so forth. The entire power conversion process can be achieved solely using our products.
With a customer base of over 2,500 companies, we specialize in high-power semiconductors, providing power management from 100 watts all the way to the megawatt range. We don't provide cookie-cutter products for personal computers or cell phones; we are one of the main suppliers of high-power semiconductors - an approximate $20 billion power market - to telecom power stations, servers, industrial applications, motor drives and alternative energy.
Tickers included in this excerpt: IXYS
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