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.
On August 9, 2022, Ideal Power (NASDAQ: IPWR) announced its participation in two upcoming investor conferences. The company will present its innovative B-TRAN™ bidirectional semiconductor technology.
Key details include:
- Q3 Investor Summit on August 17, 2022, at 10:15 a.m. ET.
- Sidoti & Company Micro-Cap Virtual Conference on August 18, 2022, at 12:15 p.m. ET.
Both events offer opportunities for investor meetings, and webcasts will be available on Ideal Power's website.
Ideal Power (NASDAQ: IPWR) has announced a conference call scheduled for August 15, 2022, at 4:30 p.m. EDT to discuss its second-quarter financial results for the period ending June 30, 2022. The call will be hosted by President and CEO Dan Brdar and CFO Tim Burns, followed by a Q&A session. Interested parties can join the call via toll-free or international numbers. It will be accessible live and for replay afterward. Ideal Power specializes in innovative semiconductor technology with its B-TRAN™ bidirectional power switch, aimed at improving energy efficiency across multiple sectors.
Ideal Power (Nasdaq: IPWR) announced its participation in the H.C. Wainwright Global Investment Conference on May 24, 2022. Dan Brdar, President and CEO, along with CFO Tim Burns, will present a virtual session starting at 7:00 a.m. ET. They will also engage with investors from May 24th to 26th. The company's Bidirectional, Bipolar Junction Transistor (B-TRAN™) technology offers enhanced energy control solutions for various applications, aiming to improve efficiency and reduce costs in power switching. A replay of the session and the latest investor presentation will be available on their website.
Ideal Power Inc. (IPWR) reported first-quarter 2022 results, showcasing progress in commercializing its B-TRAN™ technology. Key highlights include partnerships with notable companies in the electric vehicle sector and successful completion of SBIR Phase I commitments with the DOE for a 13.8 kV AC solid-state circuit breaker. While grant revenue decreased to $125,008 from $242,061 year-over-year, operating expenses rose to $1.9 million. The net loss expanded to $1.9 million, and cash reserves stood at $21.7 million with no long-term debt.
Ideal Power Inc. (Nasdaq: IPWR) announced its participation in two investor conferences in May 2022. Dan Brdar, President and CEO, and Tim Burns, CFO, will present at the Oppenheimer 7th Annual Emerging Growth Conference on May 10 and the Sidoti & Company Virtual Micro Cap Conference on May 11 at 3:15 p.m. ET. A webcast will be available for the Sidoti conference, with one-on-one meetings on May 11 and 12. Ideal Power focuses on developing the patented B-TRAN™ semiconductor technology, enhancing energy efficiency for various applications.
Ideal Power Inc. (Nasdaq: IPWR) announced a conference call on May 16, 2022, at 4:30 p.m. Eastern Time, to discuss first-quarter results for the period ending March 31, 2022. CEO Dan Brdar and CFO Tim Burns will lead the call, which includes a Q&A session. Participants can join via a toll-free number or an international dial-in. A press release with detailed financial results will be issued before the call. The conference will be available for replay afterward, ensuring accessibility for stakeholders.
Ideal Power Inc. (Nasdaq: IPWR) reported its Q4 and full-year results for 2021, highlighting progress in the commercialization of its B-TRAN™ bidirectional semiconductor power switch. The company added participants to its test program, including leading manufacturers in electric vehicles and renewable energy sectors. While grant revenue increased year-over-year, operating expenses also rose, leading to a net loss of $1.4 million for Q4 2021. The cash balance stood at $23.2 million at year-end, with no long-term debt. Ideal Power aims to introduce its first commercial product in 2022.
Ideal Power (NASDAQ: IPWR) announced the addition of two new independent board members, Drue Freeman and Greg Knight, expanding its Board from three to five members. Freeman brings over 30 years of semiconductor experience, notably in the automotive sector, while Knight has 20 years in photovoltaic, silicon carbide, and EV markets. Their expertise aligns with the company's strategy for B-TRAN™ technology, aimed at enhancing efficiency in electric vehicles and renewable energy. The appointments are expected to strengthen Ideal Power's position in its target markets.
Ideal Power (NASDAQ: IPWR) announced the successful completion of its Phase I project under the SBIR grant from the DOE, in collaboration with Diversified Technologies, Inc. (DTI). The project focused on designing a low-loss 50MW solid-state circuit breaker (SSCB) using B-TRAN™ technology. The SSCB aims to revolutionize medium voltage power distribution, surpassing conventional mechanical breakers in speed and efficiency. The company plans to submit a Phase II proposal to develop and demonstrate this SSCB, amidst a growing global circuit breaker market projected to reach $25.85 billion by 2027.
Ideal Power (NASDAQ: IPWR) announced a conference call on March 17, 2022, at 4:30 p.m. Eastern Time to discuss its fourth quarter and full year results for 2021. President and CEO Dan Brdar and CFO Tim Burns will lead the call, which will include a Q&A session. Interested parties can join by dialing a toll-free number or accessing a live broadcast through Ideal Power's website. The earnings report will be released prior to the call, with a replay available until April 17, 2022.
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