International Rectifier (IRF) and Vishay Intertechnology (VSH) have finally settled their long-standing dispute. International Rectifier refunded $30 million in lieu of money paid by Vishay for the acquisition of its Power Control Systems (PCS) business.It was also made to license some additional technology to Vishay that was developed subsequent to the closure of the deal. IRF was able to eke out one small advantage. The "not-to-compete" clause in the agreement was amended in its favor. Accordingly, subject to certain specified conditions, IRF is now able to develop, design, manufacture and sell products that are based on technologies already sold or licensed to Vishay.The sale was completed in April 2007 for $290 million. A year later, VSH wrote down the newly acquired automotive modules and subsystems business (part of the deal) by $32.3 million. It also claimed damages from IRF ...

Satcon Technology Corporation, provider of renewable energy power conversion solutions, today announced a three-year agreement with Samsung to supply the power inverters for Samsung’s worldwide solar power plant projects. Under the agreement, Samsung will use Satcon PowerGateTM Plus inverters, and will also have the exclusive right to market and sell Satcon solutions in the rapidly growing Korean renewable energy market. Samsung will also provide maintenance and warranty services for Satcon in Korea.

Samsung America President, K.D. Kim, said, “We have worked closely with Satcon on several utility scale solar projects, and we believe they provide the best quality and most reliable power conditioning solutions on the market.”

Satcon’s President and CEO, Steve Rhoades, commented on what the agreement means for the future. “Together, the companies are committed to delivering the industry’s most efficient and reliable renewable energy production. Satcon looks forward to significant growth as a result of this partnership.”

Satcon

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