Ideal Power to Host Fourth Quarter and Full Year 2024 Results Conference Call on February 27, 2025 at 10:00 AM Eastern Time

Rhea-AI Summary

Ideal Power (Nasdaq: IPWR) announced its upcoming Q4 and full year 2024 earnings conference call scheduled for February 27, 2025, at 10:00 AM ET. The company outlined key 2025 milestones, including: securing next phase of Stellantis development program, completing first design win deliverables in H1 2025, capturing additional design wins, initiating sales ramp in H2, increasing product current ratings, and completing third-party automotive qualification testing.

The company also announced its participation in two upcoming investor events: the Emerging Growth Virtual Conference on February 18, 2025, and the Planet MicroCap Showcase in Las Vegas on April 23-24, 2025. Management will conduct presentations and one-on-one meetings with investors at these events.

Positive

• Initial sales ramp planned for second half of 2025
• Ongoing development program with major automotive manufacturer Stellantis
• Multiple design wins and custom development agreements in pipeline

Negative

• None.

AUSTIN, Texas, Feb. 13, 2025 /PRNewswire/ -- Ideal Power Inc. (Nasdaq: IPWR) ("Ideal Power," the "Company," "we," "us" or "our"), developer and innovative provider of the highly efficient and broadly patented B-TRAN® bidirectional semiconductor power switch, today announced that management will hold a conference call on Thursday, February 27, 2025 at 10:00 AM Eastern Time to discuss its results for the fourth quarter and full year ended December 31, 2024. A press release detailing these results will be issued prior to the call.

Ideal Power President and CEO Dan Brdar and CFO Tim Burns will host the conference call, followed by a question-and-answer period. Analysts and investors may pose questions for management during the live conference call on February 27, 2025, and may submit questions HERE in advance of the conference call.

Interested persons may access the live conference call by dialing 888-506-0062 (U.S./Canada callers) or 973-528-0011 (international callers), using passcode 894831. It is recommended that participants call or login 10 minutes ahead of the scheduled start time to ensure proper connection. An operator will register your name and organization. An audio replay will be available one hour after the live call until Midnight on March 13, 2025 by dialing 877-481-4010 using passcode 51998.

The live webcast and interactive Q&A will be accessible on the Company's Investor Relations website under the Events tab HERE. The webcast will be archived on the website for future viewing.

2025 Milestones

For 2025, the Company has set the following milestones:

• Secure next phase of development program with Stellantis
• Complete deliverables in 1H 2025 related to first design win
• Capture additional design wins / custom development agreements
• Start initial sales ramp in second half of year
• Increase current rating of products
• Complete third-party automotive qualification testing

Upcoming Investor Conferences

Emerging Growth Virtual Conference on February 18, 2025
Ideal Power plans to present at the Emerging Growth Virtual Conference on February 18 at 2:55 PM ET. The live, interactive webcast and slide presentation will be accessible on the Company's Investor Relations website under the Events tab HERE. The webcast will be archived on the website for future viewing.

Planet MicroCap Showcase in Las Vegas on April 23 and 24, 2025
Ideal Power plans to participate at the Planet MicroCap Showcase in Las Vegas, NV on April 23 and 24. Ideal Power's presentation webcast is on April 23, and its one-on-one investor meetings are on April 24. The Planet MicroCap Showcase is in partnership with MicroCapClub.

Ideal Power's presentation webcast at the Planet MicroCap Showcase in Las Vegas is April 23 at 10:30 AM PT. The live, interactive webcast and slide presentation will be accessible on the Company's Investor Relations website under the Events tab HERE. The webcast will be archived on the website for future viewing.

Planet MicroCap Showcase attendees in Las Vegas are encouraged to register and request HERE a one-on-one meeting with Ideal Power on April 24.

About Ideal Power Inc.

Ideal Power (NASDAQ: IPWR) is the developer and innovative 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 Company's 2025 milestones. 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 are Ideal Power's (IPWR) key milestones for 2025?

Ideal Power's 2025 milestones include securing next phase of Stellantis development program, completing first design win deliverables in H1, capturing additional design wins, starting sales ramp in H2, increasing product current ratings, and completing automotive qualification testing.

When will Ideal Power (IPWR) release Q4 and full year 2024 earnings?

Ideal Power will release Q4 and full year 2024 earnings before market open on February 27, 2025, followed by a conference call at 10:00 AM Eastern Time.

What investor conferences will Ideal Power (IPWR) attend in early 2025?

Ideal Power will present at the Emerging Growth Virtual Conference on February 18, 2025, and the Planet MicroCap Showcase in Las Vegas on April 23-24, 2025.

When does Ideal Power (IPWR) expect to start its initial sales ramp?

Ideal Power plans to start its initial sales ramp in the second half of 2025.