IPS (International Power Supply) was established in 1989 and specializes in the R&D and precision manufacturing of power electronics and energy conversion technologies.
Over the past three decades, IPS has delivered world leading products and currently has a portfolio of 33 different product lines including hybrid and off-grid power systems, rectifiers, inverters, frequency converters, turnkey outdoor power systems.
The company "2C - Trifonov & Co" has been founded.
Main activity was R&D and manufacturing of UPS systems.
Main customers: Banks
The company has begun to develop rectifier and inverter systems.
Main customers: Telecom industry
2C extended its portfolio with industrial power systems.
Main customers: Railway, Utilities
The basics in the off-grid technology have been set.
First military power systems inventions.
"2C - Trifonov & Co" became a leader and main supplier of the Bulgaria’s largest private and state owned companies in the sectors of Telecommunications, Utilities, Railway, Oil&Gas, Military, Governmental agencies.
IPS focused on the R&D of new products, especially hybrid off-grid technology with energy storage.
A year later the first off-grid power system has been delivered to a secret area in Antarctica.
EXERON was born.
IPS has been established as a subsidiary of 2C - Trifonov & Co and became the new vision for the sales operation.
Alexander Rangelov joined IPS as MD.
A year later IPS started first export. For 2 years the products reached 12 countries.
The first EXERON prototype has been presented in Germany.
IPS increased the Business Develepment efforts.
The products export reached 21 countries.
In 2014 EXERON won the world innovation ees AWARD for best off-grid technology among 1300 competitors, in Munich, Germany.
Export has reached 43 countries.
Investors from the US (PostScriptum Ventures) and EU (BlackPeak Capital) joined the company in order to support the product and business development.
IPS valuation was $12m.
IPS has continued to develop the EXERON's unique features.
The multi-billion holding and one of the largest EPC energy contractor in the world Mytilineos joined IPS as a strategic investor.
IPS valuation has reached $125m.
IPS has started the construction of a large factory with an annual production capacity of €120m.
The IPS factory K1 will be the first 100% self-sufficient, zero emission manufacturing facility of its kind in Europe.
IPS products export reached 58 countries.
Preparing for the next level...
- Congo - Brazzaville
- Côte d’Ivoire
- South Africa
- Saudi Arabia
- United Arab Emirates
- Bosnia and Herzegovina
- United Kingdom
- United States