Silicon Valley-based Power Integrations has announced that it is partnering with Yangzhou Xintong Transport Equipment Group Co., Ltd. in a move that will see the two companies come together to develop highly efficient, intelligent transportation solutions.
Power Integrations is known for its high-performance electronic components, which are used in high-voltage power-conversion systems all over the world. The company's integrated circuits, IGBT-drivers, and diodes are used in many different industries, enabling energy-efficient AC-DC power supplies for devices like mobile phones, televisions, and PCs. The company's components are also used in smart utility meters, industrial equipment, and a range of other electronic products.
Now, the company is teaming up with Yangzhou Xintong Transport Equipment Group Co., Ltd. to create advanced transportation solutions that are both cost-effective and highly efficient. Xintong is one of the earliest enterprises engaged in the manufacture of complete sets of transportation equipment, and the company has been providing intelligent transportation and security engineering since its establishment in 1999.
The partnership between Power Integrations and Xintong is set to bring together the expertise of two highly innovative companies, with the aim of creating new solutions that will benefit people all over the world. The collaboration will see both companies working together to develop new products and services that leverage the latest technology and adhere to the highest standards of quality and efficiency.
The new solutions being developed by the two companies will include intelligent transportation systems that are designed to reduce traffic congestion and improve road safety. These systems will incorporate a range of advanced technologies, including artificial intelligence, IoT, and data analytics, to help facilitate more efficient and seamless transportation.
In addition to developing new transportation solutions, the partnership between Power Integrations and Xintong will also focus on creating energy-efficient lighting systems, green energy technologies, and other innovative products that promote sustainability and environmental responsibility.
Speaking about the partnership, Balu Balakrishnan, CEO of Power Integrations, said: "We are thrilled to be partnering with Yangzhou Xintong Transport Equipment Group Co., Ltd. to bring together our respective areas of expertise and create new, innovative solutions. The transportation industry is rapidly evolving, and we believe that by working together, we can help to drive change and bring new, more efficient and sustainable transportation solutions to market."
Yangzhou Xintong Transport Equipment Group Co., Ltd. echoed these sentiments, with CEO Zhang Yunfei stating: "We are excited to be partnering with Power Integrations, a leading provider of innovative power solutions. By joining forces, we can leverage our expertise and create new, advanced transportation solutions that will benefit people all over the world. We look forward to working together and making a positive impact in the transportation industry."
The partnership between Power Integrations and Yangzhou Xintong Transport Equipment Group Co., Ltd. is expected to lead to the development of some truly groundbreaking products and services, and both companies are committed to delivering solutions that are both cutting-edge and practical. With their combined expertise and resources, they are well positioned to make a significant impact in the transportation industry and beyond. So, the world can be prepared for more advanced transportation solutions.