Ideal Power Inc. - IPWR STOCK NEWS

AUSTIN, Texas, March 3, 2021 (GLOBE NEWSWIRE) -- Ideal Power (NASDAQ: IPWR) announced participation in the B. Riley Securities Sustainable Energy & Technology Conference on March 9-10, 2021. CEO Dan Brdar and CFO Tim Burns will host virtual one-on-one investor meetings and present on March 9 at 2:00 p.m. EST. A live webcast will be available, with a replay and the latest investor presentation on Ideal Power’s website. The company focuses on developing B-TRAN™ bi-directional power switches for various applications including renewable energy and electric vehicles.

Ideal Power Inc. (NASDAQ: IPWR) will host a conference call on March 17, 2021, at 4:30 p.m. EST to discuss its fourth quarter and full year results for 2020. The call will be led by CEO Dan Brdar and CFO Tim Burns, followed by a Q&A session. A press release with detailed results will precede the call. Interested parties can access the call via a toll-free number or online through the company's investor relations site. A replay will be available from March 17 to April 17, 2021.

Ideal Power (NASDAQ: IPWR) has appointed Jeffrey S. Knapp as Vice President of Business Development. With over 20 years in the semiconductor industry, Knapp's experience includes positions at major firms like Crystal IS and Infineon. He is set to lead efforts in expanding customer and partner relationships in industries such as electric vehicles, renewable energy, and uninterruptible power supply. CEO Dan Brdar expressed optimism about Knapp's ability to drive the commercialization of their B-TRAN™ bi-directional power switches, which promise notable efficiency advantages over traditional semiconductor technologies.

Ideal Power Inc. (Nasdaq: IPWR) has completed a public offering of 1,352,975 shares of its common stock at $17.00 per share, raising approximately $23 million. After deducting expenses, the company expects to receive around $21.1 million. The funds will support the commercialization and development of its B-TRAN™ semiconductor technology, aimed at enhancing efficiency in power control applications. The offering was facilitated by The Benchmark Company, LLC, and follows a shelf registration declared effective by the SEC in December 2020.

Ideal Power Inc. (Nasdaq: IPWR) announced a public offering of 1,176,500 shares at $17.00 each, totaling approximately $20 million. The underwriter has a 30-day option for an additional 176,475 shares. After costs, net proceeds are projected to be about $18.35 million, aimed at financing B-TRAN™ semiconductor technology development and general corporate purposes. The offering closes around February 11, 2021. The shares are offered under an effective SEC registration statement, with details available through The Benchmark Company, LLC.

Ideal Power Inc. (Nasdaq: IPWR) announced an underwritten public offering of common stock, with a potential 30-day option for underwriters to purchase an additional 15% of shares. The offering is contingent on market conditions, and no guarantee exists regarding its completion or terms. Proceeds will fund the commercialization of B-TRAN™ semiconductor technology and for general corporate purposes. The offering is being conducted under an SEC shelf registration statement filed on December 2, 2020.

Ideal Power Inc. (NASDAQ: IPWR) has released a whitepaper detailing its B-TRAN™ technology, an advanced bi-directional power switch aimed at enhancing efficiency and reducing costs across multiple sectors. The total addressable market for B-TRAN™ is estimated at $6 billion, with significant segments including Electric Vehicles ($1.5 billion, 15% annual growth), Renewable Energy ($1.1 billion, 12% annual growth), and Data Center UPS ($0.5 billion, 6% annual growth). The technology promises improved efficiency and economic benefits in various applications, including vehicle-to-grid systems and renewable energy solutions.

Ideal Power (NASDAQ: IPWR) announced its participation in the 13th Annual LD Micro Main Event on December 14, 2020. The presentation will be led by Dan Brdar, CEO, and Tim Burns, CFO, scheduled for 2:20 p.m. EST. Investors can access a webcast of the presentation and view the latest investor materials on the company's website. Ideal Power focuses on developing its patented B-TRAN™ bi-directional power switches, aimed at enhancing efficiency and reducing costs in various applications, including industrial and automotive markets.

Ideal Power (NASDAQ: IPWR) has announced its participation in two upcoming virtual investor conferences: the 11th Annual Craig-Hallum Alpha Select Conference on November 17, 2020, and the Benchmark Company 9th Annual Discovery One-on-One Conference on November 18, 2020. The company specializes in developing and commercializing B-TRAN™ bi-directional power switches, which offer efficient energy control solutions. Interested parties can access the latest investor presentation on Ideal Power's website and schedule one-on-one meetings through their conference representatives.