Motivated by the need to reduce shipboard space, weight or portability, the Navy and U.S. Marine Corps require affordable, innovative technology solutions to increase electrical power/energy conversion efficiency and density reducing volume, weight, and cost. Global Technology Connection, Inc. (GTC) is developing a high power density, high efficiency universal power converter based upon matrix converter concepts. The proven design will be optimized for high efficiency (94-97%), high power density (500kW/m^3), frequency (50-100kHz) and 2-man portable weight with universal power conversion at a wide range of input and output voltages, DC and or AC. Very promising for Ground and Sea Vehicles, this technology can be embedded in numerous other products that can make them fault tolerant, reliable and safe. GTC is a leading provider of Prognostic and Diagnostic solutions and is partnering with Lockheed Martin for integration of this technology.