Following a successful first round of partnered research, the National Science Foundation's Small Business Innovation Research (SBIR) Program has advanced Ferric to Phase II of its program with an additional two years of funding.
Through this partnership Ferric will continue its commercialization of integrated DC-DC converters using Ferric's proprietary thin-film magnetic power inductors. This technology will dramatically reduce power consumption of a wide-range of electronics, from smartphones to data centers, reducing the physical footprint for digital ICs and cutting millions of metric tons of CO2 emmissions due to power consumption.
It is through these programs that companies like Ferric are able to realize and commercialize their innovative technology. Ferric is a proud awardee of the SBIR program and thanks the National Science Foundation for its continuous support.