Ideal Power Secures First Design Win for Solid-State Circuit Breakers
Ideal Power (NASDAQ: IPWR) has secured its first design win for solid-state circuit breakers (SSCBs) with a major Asian circuit protection equipment manufacturer. The company signed a joint development agreement for an SSCB product using multiple B-TRAN® devices, with completion targeted for Q2 2025 and commercial sales following later that year.
The initial product could generate revenue of several hundred thousand dollars in the first year and potentially exceed $1 million in the second year. The customer, which currently sells over 200,000 circuit breakers annually in Asia, selected B-TRAN® over SiC MOSFETs due to its ultra-low conduction losses and inherent bidirectionality. The overall opportunity could lead to sales of a million units per year based on customer projections.
Ideal Power (NASDAQ: IPWR) ha ottenuto il suo primo successo progettuale per interruttori automatici a stato solido (SSCB) con un importante produttore asiatico di apparecchiature di protezione dei circuiti. L'azienda ha firmato un accordo di sviluppo congiunto per un prodotto SSCB che utilizza più dispositivi B-TRAN®, con completamento previsto per il secondo trimestre del 2025 e vendite commerciali che seguiranno più avanti nello stesso anno.
Il prodotto iniziale potrebbe generare ricavi di diverse centinaia di migliaia di dollari nel primo anno e potenzialmente superare 1 milione di dollari nel secondo anno. Il cliente, che attualmente vende oltre 200.000 interruttori all'anno in Asia, ha scelto B-TRAN® rispetto ai SiC MOSFET per le sue perdite di conduzione estremamente basse e per la sua bidirezionalità intrinseca. L'opportunità complessiva potrebbe portare a vendite di un milione di unità all'anno basate sulle proiezioni del cliente.
Ideal Power (NASDAQ: IPWR) ha logrado su primera victoria de diseño para interruptores de circuito de estado sólido (SSCB) con un importante fabricante asiático de equipos de protección de circuitos. La empresa firmó un acuerdo de desarrollo conjunto para un producto SSCB que utiliza múltiples dispositivos B-TRAN®, con finalización prevista para el segundo trimestre de 2025 y ventas comerciales posteriores en ese mismo año.
El producto inicial podría generar ingresos de varios cientos de miles de dólares en el primer año y potencialmente superar 1 millón de dólares en el segundo año. El cliente, que actualmente vende más de 200,000 interruptores anualmente en Asia, eligió B-TRAN® sobre los SiC MOSFETs debido a sus pérdidas de conducción ultra bajas y su bidireccionalidad inherente. La oportunidad total podría llevar a ventas de un millón de unidades al año según las proyecciones del cliente.
아이디얼 파워 (NASDAQ: IPWR)는 주요 아시아 회로 보호 장비 제조업체와의 고체 회로 차단기 (SSCB)에 대한 첫 번째 디자인 승리를 확보했습니다. 이 회사는 여러 B-TRAN® 장치를 사용하는 SSCB 제품에 대한 공동 개발 계약을 체결했으며, 완료는 2025년 2분기로 목표하고 있으며, 상업적 판매는 그 해 후반에 이뤄질 예정입니다.
초기 제품은 첫 해에 수십만 달러의 수익을 발생시킬 수 있으며, 둘째 해에는 100만 달러를 초과할 가능성이 있습니다. 현재 매년 아시아에서 200,000개 이상의 차단기를 판매하는 고객은 초저전도 손실과 고유의 양방향성이 있는 B-TRAN®을 SiC MOSFET 대신 선택했습니다. 전체 기회는 고객의 예측에 따라 연간 백만 대의 판매로 이어질 수 있습니다.
Ideal Power (NASDAQ: IPWR) a obtenu son premier gain de conception pour des disjoncteurs à état solide (SSCB) avec un important fabricant asiatique d'équipements de protection de circuit. L'entreprise a signé un accord de développement conjoint pour un produit SSCB utilisant plusieurs dispositifs B-TRAN®, avec une finalisation prévue pour le deuxième trimestre de 2025 et des ventes commerciales prévues plus tard dans l'année.
Le produit initial pourrait générer des revenus de plusieurs centaines de milliers de dollars la première année et potentiellement dépasser 1 million de dollars la deuxième année. Le client, qui vend actuellement plus de 200 000 disjoncteurs par an en Asie, a choisi B-TRAN® plutôt que des SiC MOSFET en raison de ses pertes de conduction ultra-basses et de sa bidirectionnalité intégrée. L'opportunité globale pourrait conduire à des ventes d'un million d'unités par an selon les projections du client.
Ideal Power (NASDAQ: IPWR) hat seinen ersten Designgewinn für feste Stromkreisunterbrecher (SSCB) bei einem bedeutenden asiatischen Hersteller von Stromkreisschutzgeräten erzielt. Das Unternehmen unterzeichnete eine gemeinsame Entwicklungsvereinbarung für ein SSCB-Produkt, das mehrere B-TRAN®-Geräte verwendet, mit dem Ziel, die Fertigstellung im zweiten Quartal 2025 abzuschließen und die kommerziellen Verkäufe später in diesem Jahr zu starten.
Das anfängliche Produkt könnte im ersten Jahr mehrere Hunderttausend Dollar an Einnahmen generieren und möglicherweise im zweiten Jahr 1 Million Dollar übersteigen. Der Kunde, der derzeit jährlich über 200.000 Sicherungen in Asien verkauft, wählte B-TRAN® aufgrund seiner extrem niedrigen Leitungsverluste und der damit verbundenen Bidirektionalität über SiC MOSFETs. Die Gesamtheit der Chancen könnte zu einem Verkauf von einer Million Einheiten pro Jahr basierend auf den Prognosen des Kunden führen.
- First design win secured for SSCBs with major Asian manufacturer
- Potential revenue of several hundred thousand dollars in first year, exceeding $1M in second year
- Customer projects potential sales of 1 million units annually
- Customer base includes established market of 200,000+ circuit breakers per year
- B-TRAN technology chosen over competing SiC MOSFETs
- $1 billion serviceable addressable market for B-TRAN in solid-state switchgear
- Commercial sales won't begin until late 2025
- Product development and testing phase still required before commercialization
Insights
This design win marks a significant milestone for Ideal Power's B-TRAN® technology. The secured partnership with a major Asian circuit protection manufacturer validates the technical superiority of B-TRAN® over competing technologies like SiC MOSFETs, particularly in terms of ultra-low conduction losses and bidirectional capabilities. The initial product development timeline targeting Q2 2025 is aggressive but realistic, with potential
This agreement represents a compelling revenue opportunity for Ideal Power. The projected first-year revenue of
In connection with this design win, the Company entered into a joint development agreement for a SSCB product incorporating multiple B-TRAN® devices. The agreement includes the product design, prototype builds and testing of the SSCB which is targeted for completion in the second quarter of 2025 to be followed by commercial sales later in the year. For Ideal Power, the opportunity from this customer's first B-TRAN®-based product could potentially translate to revenue of several hundred thousand dollars in the first year of sales, with the opportunity to exceed a million dollars in revenue in the second year of sales. We expect this product to be their first of multiple products incorporating B-TRAN® into SSCBs as the customer is interested in offering a suite of B-TRAN®-enabled SSCBs with a wide range of ratings. As a result, the overall opportunity with this customer could eventually lead to sales of a million units per year based on the customer's projections.
The customer's products are focused on renewable energy, circuit protection for industrial equipment and facilities, utility grid infrastructure and power distribution. They currently sell over 200 thousand circuit breakers per year to their large established customer base in the Asian market. They have a decades-long legacy of innovation to meet the current and future needs of their customers. Their initial B-TRAN®-enabled SSCB will be marketed to grid-tied solar and energy storage equipment providers and utility electric distribution network companies. Other potential applications with the customer include data centers, lighting and air conditioning systems, electric vehicles, including vehicle-to-grid power conversion and EV contactors, and other energy storage solutions. The customer evaluated B-TRAN® against SiC MOSFETs and selected B-TRAN® due to its ultra-low conduction losses and inherent bidirectionality.
"Today's design win is a milestone representing significant validation of B-TRAN® as an enabling technology for SSCBs and a catalyst for our revenue ramp in industrial markets. Now that we have captured our first design win for SSCBs, we will leverage this win to secure additional design wins with other SSCB customers in the coming months to drive long-term value creation for our shareholders," stated Dan Brdar, President and Chief Executive Officer of Ideal Power.
For SSCB applications, the Company's B-TRAN® technology dramatically lowers conduction losses compared to IGBT and silicon carbide MOSFET-based SSCBs while offering inherent bidirectionality, reducing the number of devices required for a given circuit breaker rating. Compared to conventional electromechanical breakers, B-TRAN®-based SSCBs are expected to offer orders of magnitude faster operation along with programmability and diagnostic capability and enhanced safety and reliability. B-TRAN® potentially lays a path to broad SSCB adoption by industrial, utility and military customers. The Company estimates a
About Ideal Power Inc.
Ideal Power (NASDAQ: IPWR) is the developer and innovator provider of its broadly patented bidirectional semiconductor power switch, creating highly efficient and ecofriendly energy control solutions for electric vehicle, electric vehicle charging, renewable energy, energy storage, UPS/data center, solid-state circuit breaker and other industrial and military applications. The Company is focused on its patented Bidirectional, Bipolar Junction Transistor (B-TRAN®) semiconductor technology. B-TRAN® is a unique double-sided bidirectional AC switch that delivers substantial performance improvements over today's conventional power semiconductors. Ideal Power's B-TRAN® can reduce conduction and switching losses, complexity of thermal management and operating cost in AC power switching and control circuitry. For more information, visit the Company's website at www.IdealPower.com, on LinkedIn, on Twitter, and on Facebook.
Safe Harbor Statement
All statements in this release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While Ideal Power's management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Such forward-looking statements include, but are not limited to, statements regarding the timing of development and sales and the revenue potential for the customer's B-TRAN®-based SSCB product, our expectation that this product will be the first of multiple products from the customer incorporating B-TRAN® into SSCBs, that the overall opportunity with this customer could eventually lead to sales of a million units per year based on the customer's projections, that this design win will be a catalyst for our revenue ramp in industrial markets, and our expectation we will successfully leverage this win to secure additional design wins with other SSCB customers in the coming months to drive long-term value creation for our shareholders. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of our control that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, the success of our B-TRAN® technology, including whether the patents for our technology provide adequate protection and whether we can be successful in maintaining, enforcing and defending our patents, our inability to predict with precision or certainty the pace and timing of development and commercialization of our B-TRAN® technology, the rate and degree of market acceptance for our B-TRAN®, the impact of global health pandemics on our business, supply chain disruptions, and the expected performance of future products incorporating our B-TRAN®, and uncertainties set forth in our quarterly, annual and other reports filed with the Securities and Exchange Commission. Furthermore, we operate in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements, except as required by applicable law.
Ideal Power Investor Relations Contact
Jeff Christensen
Darrow Associates Investor Relations
jchristensen@darrowir.com
703-297-6917
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SOURCE IDEAL POWER INC.
FAQ
What is the potential revenue impact of IPWR's first SSCB design win?
When will IPWR begin commercial sales of the new B-TRAN-based SSCB?
What is the total addressable market for IPWR's B-TRAN in solid-state switchgear?
Why did the Asian manufacturer choose IPWR's B-TRAN over SiC MOSFETs?
What is the projected annual unit sales potential for IPWR's B-TRAN with this customer?
