The present invention employs a resonant inductor, a resonant capacitor and a hybrid transformer using a Hybrid-switching method with three switches which results in two distinct switched-networks: one for ON-time interval and another for OFF-time interval. Resonant inductor is placed in series with the hybrid transformer primary to insure the continuity of primary and secondary currents at the switching transitions and thus eliminating completely the potential switching losses at the switching transitions. In the best use of the invention the resonant inductor is replaced by use of the inherent leakage inductance of the transformer and for the first time eliminate the switching losses always associated with the transformer leakage inductance of all other switching converters. The output voltage is controlled by the standard Pulse Width Modulated (PWM) duty ratio control.