Advanced Power Technology brings a solid track record of producing proprietary devices. We're looking forward to working together on this next generation of SiC technology.

The power technology in lamps and windshield wipers today are really quite sophisticated. It is under the control of the microcontroller, which tells it how much power to allow. Rather than just turn on, it says 'I know this load on this lamp to be 4A,' and if the load exceeds that value, the lamp will turn off immediately. A traditional relay control would just turn it on, despite the short, and would burn up. Then you would have to buy all kinds of expensive pieces instead of replacing a bulb or a small wire.

The fourth quarter was an intensely competitive environment with general softness in the technology sector. This resulted in a revenue performance that did not meet our expectations.

This technology can pay for itself in two weeks by reducing the amount of power needed to pump fluids through the meters and cutting the power costs to a company.

We have the brain power and the technology. We should fight for those parts that we can do better than anyone else.

The technology they are developing is incredibly important, We want to expedite the technology to get it into use as fast as possible.