This paper proposes a new converter for the 42V ISA system. The problem of the low voltage rating of the AC machine developing regulated 42V with input power factor correction has bee addressed in this paper. The proposed converter uses a matrix converter coupled with a z-source inverter, achieving boost mode operation DC-AC conversion and buck AC-DC operation, and allowing the peak voltage of the AC motor to exceed the 42V DC bus voltage substantially. The AC side operates with near unity power factor in generating operation. The paper investigates the quadrant operation of the converter, its control, and its steady-state and open-loop dynamic performance.