Torex Semiconductor agrees to distribute the products of Cirel Systems
Torex Semiconductor Ltd. (Tokyo Japan: President, Koji Shibamiya, 6616: 1st section at Tokyo Stock Exchange) announced that it has signed an agreement with Cirel Systems Pvt. Ltd. (Bangalore, INDIA CEO: Sumeet Mathur, hereinafter “Cirel”) to extend their partnership to sell and distribute Cirel products worldwide, in order to strengthen product portfolio with a view of expanding mutual business between Torex and Cirel. Torex and Cirel had announced their capital alliance on October 2019 for technology cooperation and product development.
Cirel is specialized in mixed signal technologies and have products like low power battery management ICs, integrating digital interface of I2C and Battery fuel gauge, and Application Specific ICs, integrating power management and sensor controller which is targeted for Stylus Pens. Torex will sell and distribute these products with the sales networks that Torex owns. Torex did not have the mixed signal products in their portfolio and Cirel did not have wide-spread sales networks. Both companies will benefit by complementing each other and leveraging each other’s strengths.
“Cirel is excited to extend the reach of its solutions by partnering with a well known and experienced partner like Torex. We believe this close cooperation will enable both companies to better serve end customers, much more efficiently” commented Sumeet Mathur, CEO of Cirel.
“We are very glad for this opportunity for sales and marketing cooperation with Cirel. It will help us strengthen our product portfolio with adding mixed signal products and enabling us to bring value added solutions to customers who are looking for space saving and highly precise controls of power consumption and power sequencing” commented Koji Shibamiya, President of Torex.
Battery Management IC - CSPM6001 Application Example
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