COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Mar 7, 2025--
Please replace the release issued February 19, 2025 with the following corrected version due to multiple revisions.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250217986495/en/
The updated release reads:
FRONTGRADE SUCCESSFULLY TESTS GAN DC-DC CONVERTER AND EMI FILTER
Frontgrade Technologies, a leading provider of mission-critical electronics for aerospace and defense, has successfully tested its Gallium Nitride (GaN)-based DC-DC converter and complementary electromagnetic interference (EMI) filter. These tests validate the devices' ability to meet the demanding performance requirements of space missions from Low Earth Orbit (LEO) through Geostationary Earth Orbit (GEO).
The tests were performed in accordance with the Defense Logistics Agency’s MIL-STD-883 Test Methods which included External Visual (2009), Internal Visual & Mechanical (2014), Temperature Cycling (1010), Constant Acceleration (2001), Random Vibration (2026), End-Point Electrical (in accordance with device specification), and Life Test (2009). Frontgrade is pursuing MIL-PRF-38534 Class L qualification with the Defense Logistics Agency, and QML approval is currently pending.
Frontgrade’s 28V GaN DC-DC Converter leverages advanced GaN FET technology to provide spacecraft designers with one of the most efficient power conversion solutions available today, offering 93% efficiency. With faster switching, improved performance, and a small-volume design, it responds rapidly to dynamic power demands and provides multiple voltage outputs for maximum flexibility. This device is designed to convert power seamlessly from the bus to the point of load, ensuring optimal performance for current and future space applications.
“Our GaN converter has undergone rigorous testing , demonstrating its reliability in addressing the critical power management needs of next-generation satellites,” said Lorne Graves, Chief Technology Officer at Frontgrade Technologies. “With Frontgrade’s flight-ready modules and evaluation test boards, our customers can accelerate their development cycles to achieve on-time mission success.”
Flight and engineering modules and evaluation test boards are now available, providing the essential tools for development, testing, and deployment in mission-critical spacecraft systems.
About Frontgrade
Frontgrade Technologies is the leading provider of high-reliability, radiation-hardened solutions for defense, intelligence, commercial, and civil applications. The Company offers a complementary and integrated suite of mission critical electronics. Key products include rad-hard components, mission processing subsystems, high power amplifiers, custom ASICs, motion control systems, waveguides, antennas, and power management solutions. For more information, visit www.frontgrade.com.
Frontgrade Technologies, a leading provider of mission-critical electronics for aerospace and defense, successfully tested its GaN-based DC-DC converter and complementary EMI filter to validate the devices' ability to meet the demanding performance requirements of space missions from LEO through GEO. (Photo: Business Wire)
NEW YORK (AP) — U.S. stocks are hanging near their records Wednesday as oil prices fall and ease the pressure on households and businesses worldwide.
The S&P 500 slipped 0.1% below its all-time high set the day before. The Dow Jones Industrial Average was up 183 points, or 0.4%, as of 12:56 p.m. Eastern time, and the Nasdaq composite was 0.1% lower.
Stocks of companies with big fuel bills helped lead the way on hopes that lower oil prices will remove a big drag on their profits. Norwegian Cruise Line Holdings climbed 5.7%, and United Airlines rallied 7.3%. Delta Air Lines rose 3.7% and is on track to set an all-time high.
The price for a barrel of Brent crude oil fell 4.1% to $95.48 after the ceasefire between the United States and Iran appeared to hold despite the U.S. military launching what it called “self-defense” strikes in southern Iran. A barrel of benchmark U.S. crude fell even more, 4.2%, to $89.69 on hopes that the United States and Iran can reach an agreement to reopen the Strait of Hormuz and allow oil tankers to exit the Persian Gulf for deliveries again.
Stocks have been able to run to records despite the painful inflation and uncertainty caused by high oil prices largely because companies have reported surprisingly strong profits for the start of 2026, and the forecast is for them to continue.
Bath & Body Works rallied 11.2%, and Abercrombie & Fitch climbed 11.8% after both reported bigger profit for the latest quarter than analysts expected. That's even as U.S. consumers continue to say they're feeling discouraged about the economy and inflation.
Lululemon Athletica rose 3.6% after reaching a deal with its founder, Chip Wilson, where it will add a former chief marketing officer of ESPN and a former co-CEO of On to its board of directors.
On the losing side of Wall Street was Dick's Sporting Goods, which dropped 4.9% despite delivering a profit for the latest quarter that edged past expectations. Analysts pointed to how much profit it wrung out of each $1 in revenue, which some called a bit weak.
Oil-and-gas stocks also sank, hurt by the dropping prices for crude. Exxon Mobil fell 1.4%, and Chevron slipped 0.8%. Halliburton dropped 3% to bring its gain for the year so far back toward 40%.
In the bond market, Treasury yields eased after falling oil prices took pressure off inflation. The yield on the 10-year Treasury slipped to 4.48% from 4.50% late Tuesday and from 4.67% roughly a week ago.
It’s a respite following recent gains for yields in bond markets worldwide, which threatened to slow economies and undercut prices for stocks and all kinds of other investments. High yields have already forced the average long-term U.S. mortgage rate to its most expensive level since last summer, and they could curtail companies’ borrowing to build the artificial-intelligence data centers that have supported the U.S. economy’s growth recently.
In stock markets abroad, indexes were mixed across Europe and Asia. South Korea's Kospi was one of the world's best performers and jumped 2.3% after SK Hynix, which is a big beneficiary of the artificial-intelligence boom, soared 9.3%.
A day before, Micron Technology surged to become the latest Big Tech company to be worth more than $1 trillion on AI excitement. Its stock has more than tripled already in 2026, and analysts at UBS said Tuesday it could soar even more because of how fundamentally AI has improved demand for computer memory.
AP Business Writer Elaine Kurtenbach contributed to this report.
Trader Edward Curran, left, and specialist Meric Greenbaum, center, work on the floor of the New York Stock Exchange, Friday, May 22, 2026. (AP Photo/Richard Drew)
A person looks at an electronic stock board showing Japan's Nikkei index at a securities firm Monday, May 25, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
A dealer walks past near the screens showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, May 27, 2026. (AP Photo/Lee Jin-man)
A dealer walks past near the screens showing the foreign exchange rates at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, May 27, 2026. (AP Photo/Lee Jin-man)
A dealer walks past near the screens showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, May 27, 2026. (AP Photo/Lee Jin-man)
A dealer stands near the screens showing the Korea Composite Stock Price Index (KOSPI), the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, May 27, 2026. (AP Photo/Lee Jin-man)
