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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.
Ideal Power Inc. (NASDAQ: IPWR) announces its participation in three key investor conferences in early 2023. The Emerging Growth Virtual Conference is scheduled for February 8, followed by the KeyBanc Capital Markets Emerging Technology Summit on March 7, and the Roth Capital Annual Conference on March 13. During these events, management will discuss advancements in the commercialization of the B-TRAN™ technology, highlighted by the recent launch of the SymCool™ Power Module. Ideal Power aims to showcase its innovative energy control solutions, focusing on reducing operational costs and enhancing efficiency across various applications.
Ideal Power Inc. (NASDAQ: IPWR) has launched its first commercial product, the SymCool™ Power Module, designed to meet the needs of the solid-state circuit breaker (SSCB) market. This innovative module features a rating of 1200V and 100A with double-sided cooling, aimed at minimizing conduction losses. Ideal Power's B-TRAN™ technology allows for more efficient, bidirectional energy flow compared to traditional semiconductor switches. The SSCB market is projected to grow at a CAGR of over 6%, reaching approximately $26 billion by 2027. The new module is expected to lead to energy savings and reduced component costs, enhancing the company's product roadmap.
Ideal Power (Nasdaq: IPWR) announced its participation in the Needham 25th Annual Growth Conference on January 12, 2023, for one-on-one meetings with institutional investors. Jeff Christensen of Darrow Associates will assist in arranging these meetings. The company's latest investor presentation can be found on their website. CEO Dan Brdar expressed that Ideal Power accomplished significant milestones in 2022 and aims to share progress and upcoming goals for 2023 during the conference. Ideal Power focuses on its patented B-TRAN™ technology, enhancing efficiency in various energy applications.
Ideal Power (NASDAQ: IPWR) has announced its participation in The Benchmark 11th Annual Discovery One-on-One Conference, set for December 1, 2022. Tim Burns, the CFO, will engage with investors at the event. Ideal Power is recognized for its B-TRAN™ bidirectional semiconductor power switch, which aims to revolutionize power switching and control in medium voltage applications. This technology promises higher efficiency, reduced losses, and lowered operational costs in various sectors including renewable energy and electric vehicles. An investor presentation will be available on the company’s website.
Ideal Power (Nasdaq: IPWR) reported its Q3 2022 results, highlighting progress in commercializing its B-TRAN™ semiconductor technology. Key developments include a product agreement with a top 10 global automaker for EV applications, and additional B-TRAN™ shipments to Diversified Technologies for the NAVSEA program. Financially, grant revenue fell to $10,675 compared to $121,028 in Q3 2021, while operating expenses increased to $1.8 million. The net loss was $1.7 million, up from $1.2 million a year prior. Cash and equivalents stood at $18.5 million with no long-term debt.
On November 1, 2022, Ideal Power (NASDAQ: IPWR) announced a conference call scheduled for November 14, 2022, at 4:30 p.m. EST to discuss the third quarter results ending September 30, 2022. This call will be hosted by President and CEO Dan Brdar and CFO Tim Burns, followed by a Q&A session. Interested participants can join using the provided toll-free and international dial-in numbers. A press release with the financial results will precede the call, and a replay will be accessible until December 14, 2022. Ideal Power focuses on innovative energy solutions using its patented B-TRAN™ technology.
Ideal Power Inc. (IPWR) announced its participation in the H.C. Wainwright 24th Annual Global Investment Conference, scheduled for September 12-14, 2022. Dan Brdar, President and CEO, along with CFO Tim Burns, will present virtually starting at 7:00 a.m. ET on September 12. The conference will allow for one-on-one meetings with investors. Ideal Power focuses on its patented B-TRAN™ bidirectional power switch technology, enhancing efficiency in various applications, including electric vehicles and renewable energy. A replay of the session and investor presentation will be available on their website.
Ideal Power reported its second quarter results for 2022, highlighting significant operational advancements in the development of its B-TRAN™ semiconductor technology. Initial packaged B-TRAN™ devices were delivered to Diversified Technologies for a MVDC circuit breaker demonstration. The company added new participants to its test program and completed driver testing for production. Financially, second quarter grant revenue decreased to $50,978 from $84,705 in 2021, while operating expenses rose to $1.7 million, leading to a net loss of $1.7 million. Cash reserves stood at $20 million as of June 30, 2022.
On August 10, 2022, Ideal Power (NASDAQ: IPWR) announced the delivery of initial B-TRAN™ devices to Diversified Technologies, Inc. (DTI) as part of a U.S. Navy contract. These devices aim to enhance the efficiency of medium voltage direct current (MVDC) circuit breakers, demonstrating lower conduction losses compared to traditional systems. This delivery is a crucial step in supporting DTI's project under the Department of Defense’s Rapid Innovation Fund, projected to capitalize on a growing circuit breaker market reaching $26 billion by 2027.
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