Power Integrations shares rise 6.00% intraday after rolling out a new reference design kit for solar-powered race cars.

Power Integrations, Inc. rose 6.00% in intraday trading, with the company rolling out a new reference design kit tailored specifically for solar-powered race cars as 37 student teams prepare to race across the Outback in the Bridgestone World Solar Challenge starting August 24. The kit, RDK-85SLR, features the PI™ InnoSwitch™3-AQ IC, which incorporates PI’s PowiGaN™ gallium-nitride switch technology. The kit is inspired by a design created by PI’s PowerPros℠ online support engineers in collaboration with the ETH Zurich Centauri team, whose #85 'Silvretta' challenger-class car is using the kit.