Rogers Power Electronics Solutions group provides advanced materials technologies that significantly increase efficiency, manage heat, and ensure the quality and reliability of your electronic devices.
See the latest PES developments at PCIM Europe 2016, the leading technical conference and exhibition devoted to power electronics, intelligent motion, renewable energy, and energy management. Stop by and see us in Hall 9, Booth 406, May 10-12, 2016.
Take a look inside our newest power management systems in the following videos:
New Capacitor-Busbar Power Management Technology
ROLINX® CapEasy and ROLINX® CapPerformance are capacitor-busbar assemblies that combine a unique Power Ring Film Capacitor™ technology from SBE Inc. and the well-known ROLINX Laminated Busbars from Rogers Corporation. The new assembly provides extreme low inductance and high power density. This enables smaller, lighter electronic designs with higher current handling capabilities for a wide range of applications, from automotive electronics to solar-power and wind-power systems.
New Method for Welding Capacitors to Busbars
Dirk Maeyens, Global Director of Sales, Power Electronics Solutions, discusses a new method for connecting capacitors to busbars for use in high-power inverters. Spot welding is used to make a sturdy connection that also reduces the amount of inductance in the connection. The new connection method is particularly appropriate for puck capacitors and is expected to find use in vehicles and solar power conversion.
Rogers zeigt seine neueste Bus-Bar-Power-Lösung
In dieser Episode von PSDtv, erklärt Rogers die Kombination fortschrittlicher Kondensator-Technologie von SBE mit seinen ROLINX Stromschienen auf der APEC 2016. ROLINX nutzt die SBE Power Ring-Film-Kondensator-Technologie, für Kondensator-Busbar-Baugruppen mit extrem geringer Induktivität und hoher Leistungsdichte.
A message from Bruce Hoechner, CEO, Rogers Corporation:
Read the corporate financials news release: Rogers Corporation Reports 2013 First Quarter Results
During the first quarter of 2013, Rogers continued to see positive impacts from our transforming initiatives that began in 2012. Building off our streamlining results in 2012, we expect to achieve an annualized cost savings in 2013 of approximately $20 million and we continue to seek further opportunities for cost savings. A portion of these savings are being reinvested in growth enabling initiatives in Sales, Marketing, and Research and Development, as well into improving our infrastructure capabilities in Information Technology and Operations.
A key indicator of our progress is the improvement in our gross margins in Q1 2013 to 33% from 30.3% in Q1 2012, reflecting our improved operating discipline. Looking forward, we expect that, as sales increase through the rest of year, our streamlining savings will hold and our gross margins will continue to improve. We have a very positive outlook for Rogers’ full year, both on the top line and bottom line.
Our megatrend focus areas of Internet Growth, Clean Technology, and Mass Transit drove 55% of net sales in the quarter with applications in automotive and industrial also adding to our growth engine.
We are seeing robust growth in Wireless Telecom Infrastructure. Sales for our printed circuit materials in this market were up about 12% for the quarter vs. Q1 2012. We believe we are seeing the much anticipated ramping of 4G installations around the world. This is good news for Rogers where, in this segment, we have greater than 90% market share in High Frequency circuit board technology used in 4G base station applications.
In Mobile Internet Devices, sales were essentially flat in the category due to seasonal inventory adjustments. Specifically in tablets, growth was moderated by a market shift in the quarter to smaller format tablets and continued supply chain yield improvements. We continue to be confident in our leadership position in sealing and impact protection for handheld electronics and are developing and launching new, innovative materials to address the needs of next generation platforms.
In Clean Technology markets, sales were up 4% over Q1 2012, and up 14% over last quarter. We generated strong growth in power electronics solutions in Hybrid Electric Vehicles and modest gains in Solar and Smart Grid applications, offsetting lower growth for industrial variable frequency drives. However, we have seen a significant increase in backorders and are ramping up production to meet what we believe is increased, sustainable demand as industrial capital spending increases.
In Mass Transit, with sales 6% below Q1 of last year, we anticipate improvement in demand when the Chinese government implements its announced investments in rail infrastructure. Based upon our assessment of the Chinese Ministry of Rail plans, we expect to see demand in this sector increase as we move through 2013.
In addition to our opportunities in the Megatrends, growing adoption of automotive safety sensors continues to be a bright spot for Rogers. For these radar-based safety applications, Rogers generated significant growth year-over-year (79%) and quarter-over-quarter (51%) in high frequency printed circuit materials. We continue to be the leading provider of circuit materials technology to support both the 24GHz and 77GHz designs.
Across our markets, particularly in Asia and North America, growing consumer confidence is helping to drive demand for Rogers’ products in a wide variety of consumer and industrial applications, from sports protective gear to automotive and industrial gasketing and sealing.
We grew our pipeline of design opportunities by 10% for the quarter vs. Q1 2012, diversified across our markets. At the end of the first quarter, we were tracking a cumulative total of 749 major design opportunities of which 425 have already been designed in. At the same time, we moved more than twice the number of opportunities from design into production vs. the same quarter of last year (37 in Q1 2013) vs, 16 in Q1 2012). We believe this is a strong indicator of our future growth opportunities.
Business Segment Performance
Our net sales were $126 million, up 5% over last year’s first quarter.
Our Printed Circuit Materials business generated approximately 11% growth due to strong performance in wireless infrastructure and auto safety sensor applications. We expect this momentum to carry forward throughout the year as service providers, particularly in North America and Asia, continue to invest in additional 4G capacity.
The High Performance Foams business was up 5% with growth in consumer and industrial applications, offsetting flat demand in mobile Internet devices for the quarter.
Our Power Electronics Solutions segment was down slightly vs. Q1 of last year, but up 5% over last quarter with Hybrid Electric Vehicle applications driving our growth. Although demand was still below Q1 2012 for Variable Frequency Drives and Rail propulsion system applications, both segments showed modest sequential improvement over Q4 of 2012. While European markets remain soft, we continue to see indications of growing customer confidence in the power electronics arena as infrastructure and capital spending starts to make a comeback in Asia and North America.
We entered 2013 in an environment of continued global economic uncertainty. We cannot control the external environment but we are aggressively managing Rogers to ensure we perform well in the short term and build a foundation that provides sustainable top line and bottom line growth for years to come. We are encouraged by our continued progress in cost streamlining and our Q1 improvements in gross margin. We are confident in our strategies and our ability to execute, and believe that, as 2013 unfolds, we will see our markets improve. We believe that the long anticipated build out in 4G infrastructure is here and will help drive strong results for our Printed Circuit Materials business. We see positive signs of recovery in the markets for our Power Electronics materials and are confident in the continued market leadership of our High Performance Foams business. With our portfolio diversified across many markets, we have demonstrated our ability to perform well in the face of changing economic and market dynamics.
As global economies get moving again, demand is increasing for better ways to power, protect, and connect our world – and Rogers is a leader in unique, innovative materials solutions to address these challenges. We see many opportunities for growth ahead in 2013 and beyond and remain focused on delivering value to our customers and consistent results for our shareholders.
The increasing demand for higher power densities, higher chip junction temperatures, and longer lifetime cycles for power electronics systems requires new substrate technologies and materials. State-of-the-art power electronics modules based on alumina and aluminum nitride ceramic will reach their limits soon, especially in such applications as HEV/EV or offshore wind turbines. New insulating materials and substrate technologies are needed now.
Ulrich Voeller, curamik Product Manager, presented at this year’s IMAPS (International Microelectronics and Packaging Society) Conference in La Rochelle, France. His presentation, “Rogers_Si3N4_DCB_AMB_20130117,” compares and contrasts various substrate technologies and discusses the latest developments in silicon nitride substrates.
Power electronic substrates based on Silicon Nitride are helping designers find new ways to ensure reliability and high efficiency electronic systems. Research shows that the reliability of Si3N4 substrates can be 20-50 times better than conventional ceramic DBC materials, depending on the metallization method. Si3N4 DBC is improved 20 times compared to constructions using Al2O3 or AlN. Si3N4 AMB improves thermal cycling behavior 50 times.
A message from Bruce Hoechner, CEO, Rogers Corporation:
We announced our third quarter earnings on November 5th, a week later than planned due to Hurricane Sandy. We weathered the great storm well in Connecticut although thousands are still without power. My sincere thanks to all our employees who made sure that our customers saw as little interruption as possible due to this crisis. Our thoughts are with those folks who were severely impacted by the storm. Rogers has already donated $20,000 to the Red Cross storm relief effort and we are investigating how else we can help.
For the third quarter of 2012, our businesses generated net sales of $130.2 million, a decrease of 11.6% from last year’s third quarter. The majority of the decline was in our Power Electronics segment reporting a 35% decline. This segment was hard hit due to markets it serves such as industrial motor controls, driven by capital investment, and renewable energy markets that rely on governmental infrastructure investment.
We believe these markets have bottomed out and we will begin to see improvements in demand by the second half of 2013. In comparison with the results for Q3-2011, High Performance Foams was down 3.5%, while Printed Circuit Materials achieved a 1% increase for the quarter. Sequentially, however, we achieved an overall 3% net sales improvement versus the second quarter of 2012, with both High Performance Foams and Printed Circuit Materials reporting strong growth at 10.9% and 7.2%, respectively. Power Electronics Solutions declined 11.4% versus last quarter.
Although we expect our commitment to the megatrend focus areas of Clean Technology, Internet and Mass Transit to help accelerate the Company?s growth over the next few years, economic and market dynamics impacted results in the third quarter. These megatrends drove 53% of net sales in the quarter, down from 60% in Q3 of 2011. Hardest hit was our Clean Technology megatrend category where the ongoing slowdown in capital and infrastructure spending continues to impact demand for our power electronics solutions for industrial motor drive and wind energy applications. However, we have seen a significant increase in demand for our power distribution systems into several projects in the automotive market. In Mass Transit, we have not yet seen the rebound in rail investment in Europe and China that we expect will drive demand for our Power Distribution Systems products.
As for the Internet megatrend, in Mobile Internet Devices, our High Performance Foams business continues to be a market leader in cushioning and sealing for tablet computer applications, but timing of tablet model changes left inventory in the supply chain, preventing it from being a stronger quarter. Sales were strong for our PORON® XRD® cushioning materials for mobile device cases, also used in sports impact apparel. In Internet Infrastructure, our Printed Circuit Materials business showed strong growth in products that enable the latest smart antenna technologies. Sales for base station power amplifier applications were up vs. last quarter, a sign we believe indicates that the highly anticipated wireless infrastructure build is beginning to ramp. On the wired network side, our recently launched Theta® high speed digital product has won several qualifications but development of demand has been slower than previously anticipated. We have put our capacity expansion for that product on hold for now as we work to align capacity with our latest view of market timing.
Despite the difficulties we face in the global economy, we exit the third quarter with strong growth, quarter on quarter, in two of our largest businesses and we believe that all of our businesses have strong growth prospects as we look toward the future. Rogers remains focused on improving our execution, identifying new growth opportunities, and managing the areas that are within our control. As technology leaders in our key markets, we are seeing positive indicators of continued growth in our High Performance Foams and Printed Circuit Materials businesses. In Power Electronics Solutions, we are not seeing a rebound yet but we are aligning our cost structure so that Rogers will be in a strong position to deliver even greater value to our customers and shareholders in the years to come.
Our very own Tom Sleasman from the newly formed Power Electronics Solutions Group was interviewed by Cliff Keys, Editorial Director at Power Systems Design while out at the PCIM Europe 2011 last week. Tom explains some of the exciting developments happening at Rogers lately, starting with his new division which now combines three key areas of power electronics in Rogers:
- The recent acquisition of Curamik Electronics with direct copper bonded (DCB) ceramic substrate products
- RO-LINX® Laminated Busbars for Power Distribution
- HeatWave® Metal Matrix Composite ALSiC for Thermal Management
Tom explained that the core of all Roger’s Power Electronics products are designed “to get rid of the heat” in power components. He went on to discuss Roger’s plans in the Hybrid and Electronic Vehicle (EV) markets. Rogers is already working on an advanced power generation product for release in 2015 – with a goal to reduce weight, size and increase power density so that Hybrids and EVs can be affordable and an option for anyone who wants one.
Hear more about what Tom has to say in this interview…
A special thanks to Cliff Keys and Power Systems Design!