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.
Ideal Power (NASDAQ: IPWR) has partnered with a leading manufacturer of commercial electric vehicles to test its B-TRAN™ bidirectional power switches for DC-DC converter applications. This marks the third evaluation announcement for Ideal Power in the EV sector. The power switch market for EVs was valued at $1.5 billion in 2020 and is projected to grow at a 15% CAGR. B-TRAN™ technology reduces power losses significantly and can lower component requirements, promising to enhance electric vehicle efficiency and range.
Ideal Power Inc. (NASDAQ: IPWR) announced its participation in the 24th Annual Needham Virtual Growth Conference on January 14, 2022. Presenters will include President Dan Brdar and CFO Tim Burns, who will provide insights on their innovative B-TRAN™ technology, which offers enhanced energy control solutions for various applications, including electric vehicles and renewable energy. The presentation is scheduled for 2:00 p.m. ET, with a webcast available for those unable to attend. A replay of the session and additional investor materials will be accessible via the company’s website.
Ideal Power Inc. (Nasdaq: IPWR) announced its participation in two investor conferences in December 2021. The first conference is the Benchmark Company Discovery One-on-One Investor Conference, taking place virtually on December 2, 2021. The second is the Sidoti December Micro Cap Conference, where Ideal Power will present on December 8, 2021, at 1:00 p.m. ET. Webcast replays and the latest investor presentation will be available on the company's website. Ideal Power develops patented B-TRAN™ bidirectional power switches, enhancing energy efficiency across various applications.
AUSTIN, Texas, Nov. 15, 2021 – Ideal Power (NASDAQ: IPWR) announced participation in The Benchmark Company Technology One-on-One Investor Conference on November 17, 2021. CEO Dan Brdar and CFO Tim Burns will host virtual meetings with investors. The company focuses on developing B-TRAN™ bidirectional power switches, which offer efficient energy control solutions for various applications, including electric vehicles and renewable energy. An investor presentation will be accessible on their website.
Ideal Power reported its third-quarter results for 2021, highlighting key partnerships in the electric vehicle and renewable energy sectors. The company is nearing a significant milestone under its U.S. Navy and Department of Energy collaborations to develop a B-TRAN™ circuit breaker. Financially, grant revenue decreased to $121,028 from $147,787 year-over-year, while total cash and cash equivalents stand at $24.5 million. The net loss improved to $1.2 million this quarter from $4.9 million a year prior, excluding a one-time expense. Ideal Power remains debt-free.
On Nov. 2, 2021, Ideal Power (NASDAQ: IPWR) unveiled a whitepaper detailing its B-TRAN™ bidirectional power switch technology. This innovation addresses limitations of traditional and solid-state circuit breakers, aiming to enhance efficiency in the $26 billion global circuit breaker market, projected to grow at 6.6% CAGR. The B-TRAN™ technology promises faster switching and lower energy losses. Ideal Power secured contracts with the U.S. Navy for a 12 kV circuit breaker and received funding from the Department of Energy for further development, signaling strong validation of its technology.
Ideal Power (NASDAQ: IPWR) has announced a collaboration with a Forbes 2021 Global 500 leader to test its B-TRAN™ technology for bidirectional solid-state circuit breakers (SSCB) in solar and wind applications. This marks a significant step in the adoption of B-TRAN™, which reduces power losses by 50% compared to conventional switches, addressing inefficiencies in traditional mechanical circuit breakers. The circuit breaker market is expected to reach $25.85 billion by 2027, with Ideal Power's innovative technology potentially facilitating broader adoption across various sectors.
Ideal Power Inc. (NASDAQ: IPWR) has announced a conference call on November 10, 2021, at 4:30 p.m. Eastern Time, to discuss its third-quarter results, which ended on September 30, 2021. The call will be hosted by President and CEO Dan Brdar, along with CFO Tim Burns. A press release detailing the financial results will precede the call. Investors can listen live or replay the call later via the company's website. The company is focused on its patented B-TRAN™ technology, aimed at improving energy control solutions across various sectors.
Ideal Power Inc. (NASDAQ: IPWR) announced with sadness the passing of Chairman David B. Eisenhaure, an influential engineer and entrepreneur. Eisenhaure had been pivotal in the company's direction since joining the Board in 2013 and was appointed Chairman in 2020. He previously served as President and CEO at SatCon Technology Corporation, guiding it through significant growth. The Board has initiated the search for a new chairman and additional board members. Ideal Power focuses on developing B-TRAN™ technology for efficient energy control solutions across various applications.
Ideal Power Inc. (NASDAQ: IPWR) announced participation in the 23rd Annual H.C. Wainwright Global Investment Conference on September 13-15, 2021. CEO Dan Brdar and CFO Tim Burns will present virtually, starting at 7:00 a.m. Eastern Time on September 13. The event will feature one-on-one meetings with investors. The webcast will be accessible online, and replays plus the latest investor presentation will be available on Ideal Power's website. The company focuses on its patented B-TRAN™ technology, aimed at enhancing energy efficiency in various applications.
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