LONDON, January 16, 2018 –Delphi Technologies PLC (NYSE: DLPH), a global leader in vehicle propulsion, today announced an investment in PolyCharge America, Inc, a start-up established to commercialize a new capacitor technology. This technology helps to make high-power inverters smaller, lighter and more tolerant to high temperatures.
The minority equity investment, for an undisclosed sum, builds on an existing long-standing technology partnership between Delphi Technologies and Sigma Technologies, the parent company of PolyCharge.
Inverters are a key system element in vehicle electrification, controlling the electric propulsion motor. Package space is at a premium in today’s vehicles and original equipment manufacturers (OEMs) face challenges with space, weight and cost in tight engine compartments. The new technology from PolyCharge addresses these concerns.
Liam Butterworth, Delphi Technologies Chief Executive Officer, explained: “This investment demonstrates our commitment to electro-mobility and bringing new, highly innovative technologies to solve OEM customers’ biggest challenges. PolyCharge’s technology delivers on both of these objectives. Our strategy is to forge strategic collaborations and investments where they support our growth ambitions and help our global customers deliver more attractive cost-effective solutions for consumers.
Today’s inverters use a DC-link capacitor, which is based on wound polypropylene technology. PolyCharge’s solid-state NanoLam™ capacitor technology is a superior alternative that utilizes thin polymer dielectrics to produce self-healing high-voltage capacitors that are half the size and weight of the current technology, with significantly higher temperature resistance.
“When it comes to the development of advanced propulsion technologies Delphi Technologies is a true leader,” said Dr. Angelo Yializis, Chief Executive Officer of PolyCharge. “With this investment, and a strong partner in Delphi Technologies, PolyCharge is well-positioned to lead in the development of next-generation capacitor products for vehicle electrification and other applications where reductions in weight and volume, as well as performance in harsh operating environments, are required.”
Delphi Technologies, a $4.5 billion leader in vehicle propulsion and aftermarket solutions, was created as a spin-off from Delphi Automotive in December 2017 to drive progress on greener solutions for passenger and commercial vehicles.
PolyCharge was formed by Sigma Technologies in September 2017 to develop and commercialize its NanoLam™ technology for electric drive vehicles, renewable energy inverters, medical, aerospace, and industrial mobility applications. The company's headquarters, engineering, and product development center are located in Tucson, Arizona. PolyCharge also has representative offices in Taipei and China.
About Delphi Technologies
Delphi Technologies is a technology company whose people focus on solving emissions and fuel economy challenges for the world’s leading automotive original equipment manufacturers and provides leading aftermarket service solutions. Headquartered in London, U.K., Delphi Technologies operates technical centers, manufacturing sites and customer support services in 24 countries. Visit delphi.com.
This press release contains forward-looking statements that reflect, when made, the Company’s current views with respect to future events, plans and prospects. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company’s operations and business environment, which may cause the actual results of the Company to be materially different from the Company’s expectations, express or implied, reflected in the forward-looking statements. All statements that address future operating, financial or business performance or the Company’s strategies or expectations are forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “may,” “will,” ”predict” or “continue,” or the negative or other variations thereof and other comparable terminology. Factors that could cause actual results to differ materially from these forward-looking statements are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our filings with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company.