VICOR CORP

The company designs, develops, manufactures, and markets modular power components and power systems that convert electrical power. Electrical power, measured in watts (W), is the product of voltage (V) and current (I). For devices using alternating current (AC) from a primary source, a power system converts AC voltage into stable direct current (DC) voltage to power subsystems, applications, and devices (loads). This DC voltage may be further converted to other voltages and currents for various loads. For equipment using DC voltage from a primary or secondary source, the initial DC voltage may also require further conversion. A power system typically performs four voltage conversion functions: transformation (increasing or decreasing AC voltage), isolation (electrical separation of primary and secondary voltages for safety), rectification (converting voltage between AC and DC), and regulation (providing a near-constant voltage under varying conditions). The company offers a wide range of products and accessories in numerous application-specific configurations to meet the diverse voltage, current, and power rating requirements within electronic devices and varying system power architectures. The company also engages in licensing arrangements with customers, generating royalty revenue.