The differentiated part: we are the only vendor with volume production of 1,250‑volt and 1,700‑volt GaN – other GaN suppliers all produce 650‑volt GaN, you know. That higher‑voltage class lines up with the engineering rule of thumb for 800‑volt‑DC primary‑side switching, where margin over 800 V plus turn‑off spikes leads designers to 1,200‑V SiC or our 1,250‑to‑1,700‑V GaN. Independent analysis underpins the only‑vendor claim, while our filing describes the efficiency advantage. PowiGaN revenue grew more than 40 % in FY2025.