BTCPower (Broadband TelCom Power, Inc.) was founded in 1999. The company was specialized in developing power supplies and converters for the telecom and internet infrastructure market with its proprietary Flat Matrix Transformer Technology (FMTXR). But the the market for high current density power converters for telecom and internet in frastructure virtually disappeared at the sudden end of the internet boom in 2001 and was worsened by the introduction of very low cost non-isolated VRM chipsets.

BTCPower turned to Automated Test Equipment (ATE) market instead with the same standard product lines. But this decision didn't bring great success for the lack of size and increasing competition. BTCPower adjusted strategy to focus on custom designed power conversion solutions instead of the highly competitive standard products in 2004. The company put stress on the markets for high current industrial applications such as forklift battery fast chargers and welding equipment where the company can exploit its advantages to the full. BTCPower achieved sucess in specific custom opportunities such as power supplies for medical applications. BTCPower turned financially insolvent at the beginning of 2006 for the relatively long design cycle of these custom products during which there was no significant revenue stream. But with the support of FMi's financial and human resources, BTCPower was turned around. BTCPower has established strategic manufacturing facilities in China and Mexico and expanded the engineering team significantly. BTCPower's wide portfolio of power conversion technologies and experience is now being applied to development of battery charging products for materials handling and (hybrid) electric vehicle applications.

The mission of BTCPower is to achieve rapid growth by providing innovative, reliable and cost-effective power management solutions for industrial and alternative energy applications and to be become a leader in the market for electric power management and charging systems for plug-in hybrid and electric vehicles.