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) reported its Q2 2021 results, noting significant progress in the commercialization of its B-TRAN™ technology. The company established collaborations with key players in the EV and renewable energy sectors and partnered with DTI on a DOE-funded project to develop a B-TRAN™ AC circuit breaker. Financially, Ideal Power recorded grant revenue of $85,000 and a net loss of $1.2 million, compared to $0.8 million in Q2 2020. As of June 30, 2021, cash and equivalents stood at $25.7 million, with no long-term debt. The company aims to advance its innovative semiconductor solutions.
On August 10, 2021, Ideal Power Inc. (Nasdaq: IPWR) announced its participation in two upcoming investor conferences: the Q3 Virtual Investor Summit on August 17 and the Sidoti August Microcap Conference on August 19. CEO Dan Brdar and CFO Tim Burns will present and engage with investors. The Q3 Virtual Investor Summit presentation is scheduled for 11:00 a.m. EDT, while the Sidoti Conference will take place at 10:00 a.m. EDT. Webcast replays and the latest investor presentation will be accessible on the company's website.
Ideal Power Inc. (NASDAQ: IPWR) announces a conference call on August 12, 2021, at 4:30 p.m. EDT to discuss its second-quarter results for the period ending June 30, 2021. A press release detailing these results will precede the call. Hosted by President and CEO Dan Brdar and CFO Tim Burns, the call will allow for a question-and-answer segment afterwards. Interested parties can access the call via toll-free and international numbers. A replay will be available from 7:30 p.m. EDT on August 12 until September 12. Learn more about Ideal Power's bi-directional B-TRAN™ technology at IdealPower.com.
Ideal Power (Nasdaq: IPWR) has announced a sampling agreement with an electric vehicle (EV) charger provider for its B-TRAN™ devices, marking its entry into the expanding EV charging station market, projected to grow from 2.1 million to 30.8 million units by 2027. The innovative EV charger incorporates a swappable battery system and aims to alleviate charging concerns with faster, more efficient technology. B-TRAN™ offers 50% reduction in power losses and 75% fewer components compared to conventional systems, enhancing cost-effectiveness and efficiency in mobile EV charging and renewable energy applications.
AUSTIN, Texas, July 21, 2021 (GLOBE NEWSWIRE) -- Ideal Power (Nasdaq: IPWR) announced that CEO Dan Brdar will join the Water Tower Research Fireside Chat Series on July 22, 2021, at 2:00 PM EDT. The discussion will focus on the application of their patented B-TRAN™ switches in circuit breaker technologies. Interested investors can register for the event, which will also be available for replay after the live session. Ideal Power is committed to developing eco-friendly energy control solutions across various sectors, including electric vehicles and renewable energy.
Ideal Power Inc. (NASDAQ: IPWR) is collaborating with Diversified Technologies, Inc. (DTI) on a Phase I Small Business Innovation Research (SBIR) grant from the Department of Energy to develop a low-loss, 13.8 kV alternating current Solid State Circuit Breaker (SSCB) driven by its B-TRAN™ technology. The project includes designing a 50 MW SSCB and validating the performance of B-TRAN™ switch modules. This innovative circuit breaker promises to enhance efficiency, reduce costs, and limit fault energy significantly compared to conventional breakers, with potential applications in medium voltage power distribution and renewable energy systems.
Ideal Power Inc. (NASDAQ: IPWR) announced that Jeff Knapp, Vice President of Business Development, will participate in the Water Tower Research Fireside Chat Series on June 10, 2021, at 2:00 pm EDT. The discussion will focus on B-TRAN™ applications for the EV market. Interested participants must register for the live event, which will be available for replay post-event. Ideal Power is known for its B-TRAN™ bi-directional power switches, which enhance energy efficiency across various applications, including electric vehicles and renewable energy.
Ideal Power Inc. (Nasdaq: IPWR) reported its Q1 2021 results, focusing on progress in commercializing its B-TRAN™ technology. The company achieved key milestones under the NAVSEA program and strengthened its balance sheet, raising $21.2 million in net proceeds from a public offering. Operating expenses remained stable at $0.9 million, with a net loss of $0.9 million, identical to Q1 2020. Cash and equivalents totaled $26.8 million as of March 31, 2021. Ideal Power is advancing collaborations with automotive and renewable energy sectors, enhancing its technology and market position.
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