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Our products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in a vast range of applications including appliances, mobile devices, computers and countless industrial applications. Energy-saving technologies such as our PowiGaN™ gallium-nitride technology and our EcoSmart™ energy-efficiency technology prevent billions of kilowatt-hours of energy waste each year, while our highly integrated chips save billions of electronic components each year. Reflecting the environmental benefits of our products, Power Integrations' stock is a component of clean-technology stock indices such as the Nasdaq Clean Edge Green Energy Index and the Etho Climate Leadership Index, and our Green Room provides a comprehensive guide to energy-efficiency standards around the world. 1988 – Power Integrations founded by Klas Eklund, Art Fury and Steve Sharp 1994 – TOPSwitch™ family debuted as company’s first commercial product 1997 – Initial public offering on NASDAQ at $4/share (split-adjusted) 1998 – Introduced TinySwitch™ family with EcoSmart energy-efficiency technology 1999 – TinySwitch received Discover Magazine Award for Technological Innovation 2002 – Introduced LinkSwitch™ family – industry’s first cost-effective replacement for linear transformers, or "energy vampires" 2002 – Balu Balakrishnan succeeded Howard Earhart as CEO; annual revenues surpass $100 million 2003 – Selected as one of the world’s top 20 “sustainable stocks” by SustainableBusiness.com 2005 – Energy savings from EcoSmart technology surpassed $1 billion; company again selected as one of world’s top 20 sustainable stocks by SustainableBusiness.com 2006 – Received ENERGY STAR® award 2007 – Company’s stock added to NASDAQ Clean Edge stock indices 2008 – Stock added to The Cleantech Index; company initiates quarterly dividend 2010 – Unveiled one of Silicon Valley’s