1989
The company "2C - Trifonov & Co" has been founded.
Main activity was R&D and manufacturing of UPS systems.
Main customers: Banks

1993
The company has begun to develop rectifier and inverter systems.
Main customers: Telecom industry

1995
2C extended its portfolio with industrial power systems.
Main customers: Railway, Utilities

1998
The basics in the off-grid technology have been set.
First military power systems inventions.

2003
"2C - Trifonov & Co" became a leader and main supplier of the Bulgaria’s largest private and state owned companies in the sectors of Telecommunications, Utilities, Railway, Oil&Gas, Military, Governmental agencies.

2007
IPS focused on the R&D of new products, especially hybrid off-grid technology with energy storage.
A year later the first off-grid power system has been delivered to a secret area in Antarctica.
EXERON was born.

2010
IPS has been established as a subsidiary of 2C - Trifonov & Co and became the new vision for the sales operation.
Alexander Rangelov joined IPS as MD.
A year later IPS started first export. For 2 years the products reached 12 countries.

2012
The first EXERON prototype has been presented in Germany.
IPS increased the Business Develepment efforts.
The products export reached 21 countries.

2014
In 2014 EXERON won the world innovation ees AWARD for best off-grid technology among 1300 competitors, in Munich, Germany.
Export has reached 43 countries.

2015
Investors from the US (PostScriptum Ventures) and EU (BlackPeak Capital) joined the company in order to support the product and business development.
IPS valuation was $12m.

2016
IPS has continued to develop the EXERON`s unique features.
The multi-billion holding and one of the largest EPC energy contractor in the world Mytilineos joined IPS as a strategic investor.
IPS valuation has reached $125m.

2017
IPS has started the construction of a large factory with an annual production capacity of €120m.

The IPS factory K1 will be the first 100% self-sufficient, zero emission manufacturing facility of its kind in Europe.

2018
IPS products export reached 58 countries.
Preparing for the next level...

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