2023 News

• The Proposition: A Shift in the Power Generation Paradigm for Decarbonization and Environment Protection. In recent years, decarbonization, environmental protection, and insufficient electricity are among the most difficult tasks mankind has been facing without a doubt. Ferraris would like to present a research proposal to various government agencies, media outlets, and investment institutions on our innovative and novel approaches that can solve the aforementioned environmental and power generation challenges. August 2023

• A company integration provider based in United States will be final testing high-power ring core to its intelligent sensors on a smart grid monitoring network. 

• “Solution to the transition of indirect connections in EV charging infrastructures for grid stability" by Ferraris was presented at “The 6TH International Electric  Vehicle Technology Conference EVTeC 2023” (22nd – 24th May 2023 Pacifico Yokohama, JAPAN).

• A visit to pre-check the suitability of production facility relocation to the Arden area in Las Vegas.

• GridTECH Connect Forum (6th February), DISTRIBUTECH International® 2023 (7th - 9th February, San Diego Convention Center) participations and on-site marketing.

• Revision workings to improve performance for Ring core, Split core, SMPS, and the ERR system.

• The Proposition: A Shift in the Power Generation Paradigm for Decarbonization and Environment Protection. In recent years, decarbonization, environmental protection, and insufficient electricity are among the most difficult tasks mankind has been facing without a doubt.  In reflection on rapid changes in the current climate of power energy and the market, Ferraris is preparing to propose to the United States government (at all levels: Federal, State, and local) along the lines of: "State-of-the-art power generation solution  for additional electricity generation capacity." February 2023

• Ferraris Power hopes that the ERR system will become widely utilized as a vital renewable power system in the next-gen power generation sector. Accordingly, Ferraris has changed its company name to "Ferraris Power, Inc." effective January 1, 2023, in order to instill a clear corporate identity in its customers.

2022 

• Ferraris has begun the reviewing process necessary to relocate the production facility from South Korea to the Arden, Nevada, United States. And Ferraris has begun considering supplies changes in the various raw materials, supply, demand, and logistics, as well as simulation to the standard costing in order to manufacture products in the US.

• Revision workings to improve performance for Ring core, Split core, SMPS, and the ERR system.

• MERIZZI RAMSBOTTOM & FOSTER is in the process of organizing Ferraris' currently existing patents by country, as well as applying for new patents.

• A paper was submitted to the IEEE with the following title: Maximum Harvesting Power Algorithm Considering Temperature Variation in Magnetic Energy Harvester - IEEE TRANSACTIONS ON INDUSTRIAL ELECTRONICS. (view the paper on the downloads site)

• Ferraris have begun discussing with Lindsey FireSense for the "FIREBird Early Wildfire Detection System" product. 

• Under Q&A with DRONES4ENERGY Denmark for a energy harvester to tap energy from the power line cables to charge the drones.

• Under Q&A with Delphire Inc. for Wildfire AI™ Realtime Powerline Monitoring System. 

2021

• Transfer of Existing production facilities: Dissolution of Ferraris Power Co., Ltd.  Accordingly, the existing production facilities will be transfer to Ferraris Inc.  

• Redemption Agreement: Ferraris Inc. shall transfer to Ferraris Power Co., Ltd. all shares of the capital stock of Ferraris Power Co., Ltd. Accordingly, Ferraris Power Co., Ltd. to assign and transfer unto Ferraris Inc. all right, title and to the Patents rights. 

2020

• The ERR System enhanced product revision:  A beta test that was successfully completed at a small hydroelectric power plant (Korea Midland Power). The beta test included evaluations on the integrity and reliability of the ERR system, and was assessed for 2.5 years upon installation.  Ferraris succeeded to system integrate Mini-ERR system with TV White Space (Adaptrum, Inc.) in the Free Wi-Fi zone (w/ CCTV) project at Busan Taejongdae Korea. 

• Ferraris have been testing whether high-power ring core can be compatible with A company products.  

• A company integration provider based in United States will be testing high-power ring core to its intelligent sensors on a smart grid monitoring network. 

• EPRI (Energy Power Research Institute): EPRI Engineering Team expressed strong interested in ERR System and its application areas(such as EV charging, residence and market).   

• Dept. of Commerce at WA State, US: Introduced Ferraris products.  

• The DistribuTech2020 exhibition (San Antonio TX, US  January 28 ~ 30, 2020): Introduced the Ferraris products.  

• Land Transport Authority, Singapore: We discussed to CCTV battery charging subsystem with Tolenoid C®.

• Ferraris  website reopened.  www.ferrarispower.com 

• Amended and Restated Bylaws: The Board to restated bylaws for the Corporation consistent with the corporate laws of the State of Nevada, as set forth in Chapter 78 of the Nevada Revised Statutes. 

• January 1, 2020 Conversion of Corporation into a Nevada Corporation.  

2019

• State Grid Corporation of China, State Grid Info & Telecom Group (Beijing, China June 26 ~ 28, 2019):  Pitch and products demo.   

• Energy Internet Innovation and Entrepreneurship SUMMIT (Chengdu, China  June 10 ~ 13, 2019): Pitch and products demo.   

• The DistribuTech2019 exhibition (New Orleans, US  February 5 ~ 7, 2019): Introduced the Ferraris products.  

• Plant and Institute relocated to Daedeok Daejeon.

2021 

• November 9, 2021 - Dissolution of "Ferraris Power Co., Ltd. " in South Korea.    

2020 

• March 26, 2020 - Dissolution of "Ferraris Power Inc." in Delaware United States.   

2018  

• Outstanding investment of USD 0.9 MIL from J&J Invest. - October 2018  
• The ERR System enhanced product revision: customer-tested runs in A company between January 2018 to September 2018. The results of the test showed that the factory operation was at its stable and optimal capacity without any impact of their normal operation, and electricity costs were significantly reduced.   
• Certificated UL 
• Outstanding investment of USD 1.7 MIL from a Private investment association - April 2018 
• The Securities exchange has been executed between Ferraris Inc. and Ferraris Power Co., Ltd. which resulted in transferring the right of management to Ferraris Inc. 

2017 

• The certificate of incorporation of “Ferraris Inc.” in Delaware United States - September 15, 2017  
• The certificate of incorporation of “Ferraris Power Inc.” in Delaware United States - May 15, 2017 
• Certificated CE  

2016 

• Certificated KC 
• Plant be built in Seongnam Korea , Installed of pre-production 

2015 

• Certificated ISO 14001  
• Outstanding investment of USD 7.3 MIL from Value Investment Korea - June 2015 
• Tolenoid C® develop and Certificated ISO 9001