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Ideal Power Inc. - IPWR STOCK NEWS

Welcome to our dedicated page for Ideal Power news (Ticker: IPWR), a resource for investors and traders seeking the latest updates and insights on Ideal Power stock.

Ideal Power Inc. (NASDAQ: IPWR) is at the forefront of energy innovation with its groundbreaking Bidirectional, Bipolar Junction Transistor (B-TRAN™) technology. The company has revolutionized power conversion markets by creating highly efficient and eco-friendly energy control solutions. These solutions span across multiple sectors, including electric vehicles (EVs), renewable energy, energy storage, smart grids, and industrial applications. Based in Austin, TX, Ideal Power has developed a universal power converter platform that leverages its patented Power Packet Switching Architecture™ (PPSA) and is known for significantly enhancing the weight, size, cost, efficiency, and reliability of electronic power converters.

Ideal Power’s product range includes solar inverters, bi-directional battery, and EV chargers, all built on a lightweight, universal power converter platform. The company’s B-TRAN™ technology, a double-sided bidirectional AC switch, offers substantial performance improvements over conventional power semiconductors. This technology can reduce conduction and switching losses, simplify thermal management, and lower operating costs in AC power switching and control circuitry.

A recent milestone for the company includes an agreement with Richardson Electronics, Ltd. for the global distribution of its B-TRAN™ devices and SymCool™ power modules, which are now shipping to customers. These products are expected to spark a sales ramp in industrial markets, particularly in solid-state circuit breakers, starting in the second half of 2024.

Ideal Power maintains an asset-light business model, focusing on technology development while minimizing capital expenditures. The company’s products have been recognized for their ability to reduce power losses by 50% or more, making them highly attractive for a variety of applications, including renewable energy inverters, hybrid and EVs, and EV charging systems.

Beyond its technological advancements, Ideal Power has also broadened its manufacturing capabilities by qualifying a second high-volume wafer fabrication supplier in Europe. This dual sourcing strategy ensures ample capacity to meet anticipated customer demand and supports future revenue growth.

For further information about Ideal Power and its innovative solutions, visit www.IdealPower.com.

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Ideal Power Inc. (IPWR) announced that it has been recognized as a finalist in the 2023 Stellantis Venture Awards for its innovative B-TRAN™ bidirectional semiconductor power switch. Stellantis, a top 10 global automaker, selected Ideal Power based on successful collaboration, top-performing startup, impact on customer experience, novelty of the technology, and its potential scale within Stellantis.
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Ideal Power Inc. (NASDAQ:IPWR) reported Q3 results, highlighting the successful execution of their commercialization roadmap for the B-TRAN™ bidirectional semiconductor power switch. The company secured Phase II with a top 10 global automaker, expanded product offerings, and achieved significant milestones. Financially, they reported a net loss of $2.7 million in Q3 2023, with cash and cash equivalents totaling $10.8 million at September 30, 2023.
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Ideal Power Inc. will hold a conference call on November 14, 2023, to discuss its Q3 2023 results. The call will be hosted by President and CEO Dan Brdar and CFO Tim Burns. Analysts and investors can submit questions in advance. The call will be webcast live and available for replay. Ideal Power will also present at the Emerging Growth Virtual Conference on November 1 and participate in one-on-one meetings at The Benchmark Company's 12th Annual Discovery One-on-One Conference on December 7.
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Ideal Power Inc. has announced the launch of its second commercial product, the SymCool IQ Intelligent Power Module. The SymCool IQ offers significant advantages over IGBT modules, including lower losses and inherent bidirectionality. It is expected to increase energy savings, lower product operating costs, and reduce thermal management requirements. The power semiconductor market for energy, power, and industrial applications is forecasted to reach $13 billion in 2028, with SymCool IQ addressing various applications in this market. Ideal Power anticipates first commercial sales next year and expects growth in sales as customers incorporate SymCool IQ into their OEM product designs. The company believes that the renewables, energy storage, and electric vehicle charging markets are in the early stages of adoption, presenting opportunities for more efficient power semiconductors.
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Ideal Power Inc. announces agreement with a global power conversion and energy storage supplier to test and evaluate B-TRAN power semiconductors for its products, aiming to improve energy efficiency and reduce operating costs. The initial feedback from other program participants is overwhelmingly positive. Ideal Power plans to continue adding potential customers to the test and evaluation program.
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Ideal Power Inc. announces participation in upcoming investor conferences
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Ideal Power enters Phase II of product development agreement with top 10 global automaker for B-TRAN power module in EV drivetrain inverters
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Ideal Power Inc. has commenced B-TRAN™ customer shipments to test and evaluation program participants. The shipments include multiple packaged B-TRAN™ devices, a device driver, and a power test board. Ideal Power plans to gather valuable feedback on customers' requirements and refine their product roadmap. Kits were shipped to participants including a top 10 global automaker, a global Tier 1 automotive supplier, a leading provider in the solar industry, and a Global 500 power management company.
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FAQ

What is the current stock price of Ideal Power (IPWR)?

The current stock price of Ideal Power (IPWR) is $6.83 as of December 20, 2024.

What is the market cap of Ideal Power (IPWR)?

The market cap of Ideal Power (IPWR) is approximately 52.1M.

What is Ideal Power Inc. known for?

Ideal Power Inc. is known for its patented B-TRAN™ semiconductor technology, which significantly improves the efficiency, cost, and reliability of power conversion systems.

What is B-TRAN™ technology?

B-TRAN™ is Ideal Power’s patented Bidirectional, Bipolar Junction Transistor technology, a double-sided bidirectional AC switch that offers substantial performance improvements over conventional power semiconductors.

Which markets does Ideal Power serve?

Ideal Power serves multiple markets including electric vehicles, renewable energy, energy storage, smart grids, industrial applications, and military applications.

What recent partnerships has Ideal Power Inc. announced?

Recently, Ideal Power announced an agreement with Richardson Electronics, Ltd. for the global distribution of its B-TRAN™ devices and SymCool™ power modules.

What are the key products offered by Ideal Power?

Ideal Power offers products like solar inverters, bi-directional battery and EV chargers, and SymCool™ power modules, all built on its universal power converter platform.

What is the significance of Ideal Power’s dual sourcing strategy?

Ideal Power’s dual sourcing strategy, including qualification of a second wafer fabrication supplier in Europe, ensures ample capacity to meet anticipated customer demand and supports future revenue growth.

How does B-TRAN™ technology benefit its applications?

B-TRAN™ technology reduces power losses by 50% or more, simplifies thermal management, and lowers operating costs, making it highly efficient for various applications like renewable energy inverters and EV charging systems.

What business model does Ideal Power Inc. follow?

Ideal Power follows an asset-light business model, focusing on technology development while minimizing capital expenditures.

Where is Ideal Power Inc. headquartered?

Ideal Power Inc. is headquartered in Austin, TX.

How can I get more information about Ideal Power Inc.?

You can get more information about Ideal Power Inc. by visiting their website at www.IdealPower.com.

Ideal Power Inc.

Nasdaq:IPWR

IPWR Rankings

IPWR Stock Data

52.15M
7.44M
2.96%
30.92%
0.38%
Electrical Equipment & Parts
Semiconductors & Related Devices
Link
United States of America
AUSTIN