Initial State Technologies, Inc.

Calex is a multifaceted company with various divisions, each contributing to different sectors. As a subsidiary of Murata Power Solutions, Inc., Calex has been a key player in the electronics industry for over 50 years, specializing in high-efficiency DC-DC converters for e-Mobility, transportation, and industrial applications. These power solutions are designed to advance sustainable energy solutions and reduce emissions in electric and hybrid vehicles. Additionally, Calex is known for its LED lighting products, offering a range of smart bulbs with advanced features like WiFi connectivity and dimming capabilities. The company also operates under Calex Integrated Supply Chain Solutions (ISCS), providing logistics and transportation services across the United States, ensuring efficient supply chain management. Furthermore, Calex Partners is a mergers and acquisitions advisory firm exclusively focused on healthcare services, offering tailored advice to market-leading healthcare companies and financial sponsors.