Infineon partners with Smart Wires to shape up existing grids for renewables

Munich, Germany and Milpitas, CA, USA – 13 October 2017 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) is partnering with Smart Wires on the design of the SmartValve™. Infineon announced its collaboration with the Silicon Valley-based technology company at the OktoberTech 2017 Technology Forum. Since today’s grids are extremely challenged, utilities demand more economic, flexible solutions for the integration of renewable energies. New lines and other upgrades are, however, often costly and sometimes infeasible. At the same time, industry experts highlight that global power grids were built without valves to control the flow of power for higher efficiency.

The solution: SmartValve – As a third-generation product it is considerably lighter, less costly than other solutions and offers precise control of power flows on transmission lines of nearly all of the most common voltage and current levels. Increasing or decreasing the power flowing through a transmission line, it serves as a valve enabled by Infineon. The new SmartValve can be controlled through the utility’s energy management system or programmed to respond automatically to a wide variety of grid conditions. The SmartValve can be ordered now and is ready for delivery in early 2019.

“With this partnership, Infineon continues to expand its strategic relationships in Silicon Valley,” said Dr. Peter Wawer, President of the Industrial Power Control division at Infineon. “Together with Smart Wires, we can provide an innovative energy-efficient solution for the electric utility space. The cooperation is a perfect example of how Infineon is leveraging its system understanding. In this regard, we will not only bring power semiconductors to this cooperation but also RF components, microcontrollers, and security solutions.”

“From the earliest days of designing this product, the goal was to create a product for an easy and inexpensive installation on nearly every transmission line in the world,” said Gregg Rotenberg, CEO of Smart Wires. “We appreciate working with Infineon to realize this goal.”

“The challenges of building new infrastructure and the need for the transmission grid to support increasing levels of renewable energy are manifold,” said Haroon Inam, Chief Technology Officer of Smart Wires. “Therefore, many of the world’s most respected grid operators have embraced Smart Wires as a uniquely compelling solution offered at precisely the right time.”

About Smart Wires

Based in Silicon Valley, with offices in the U.S, the U.K, Australia and Ireland, Smart Wires is the leader in grid optimization solutions that leverage its patented modular power flow control technology. Driven by a world-class leadership team with extensive experience delivering innovative solutions, Smart Wires works with utilities around the globe to address the unique challenges of the rapidly evolving electric system. For more information, please visit www.smartwires.com.

Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon is the key to a better future. In the 2016 fiscal year (ending September 30), the company reported sales of about Euro 6.5 billion with more than 36,000 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).

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