Ideal Power Inc is a technology company specializing in renewable energy solutions, particularly focusing on the development of advanced power conversion technologies
The company aims to enhance the efficiency and performance of electric power systems, including energy storage and distribution applications, which are critical for integrating renewable energy sources into the grid. Through its innovative power electronics technology, Ideal Power seeks to enable a more sustainable energy landscape by facilitating the adoption of clean energy solutions and improving the reliability of energy systems.
Ideal Power Inc announced a joint development agreement for an SSCB product with a leading Asian circuit protection equipment manufacturer targeting completion in 2nd quarter of 2025 and potential for million dollars in revenue.
Ideal Power Inc (NASDAQIPWR) partners with Sekorm Advanced Technology to distribute its products in China, the world's largest market for power semiconductors.
RYOSHO to distribute Ideal Power's products globally. Orders already placed by a large global customer. Ideal Power utilizes asset-light business model.
AUSTIN, TX / ACCESSWIRE / June 5, 2024 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (NASDAQIPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announces the successful completion of its qualification of the Company's second wafer fabrication supplier with high-volume production capability. This facility in Europe adds dual sourcing for wafer fabrication and will support future revenue growth, providing ample capacity to support anticipated customer demand over at least the next two to three years.
Ideal Power Inc (NASDAQIPWR) reported first-quarter FY24 commercial revenue of $78,739, a notable increase from zero last year. Operating expenses fell to $2.5 million from $2.6 million. The company completed a public offering, raising $15.7 million, and held $20.2 million in cash by March 31, 2024, with no outstanding long-term debt. Ideal Power expects its SymCool power module to drive early sales in industrial markets.
AUSTIN, TX / ACCESSWIRE / May 15, 2024 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (NASDAQIPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, reports results for its first quarter ended March 31, 2024.
AUSTIN, TX / ACCESSWIRE / May 7, 2024 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (Nasdaq:IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announces a global leader in circuit protection, industrial fuses and power conversion electronics with over a billion in annual sales entered into an agreement with Ideal Power to test and evaluate B-TRAN™ power semiconductors for circuit protection in industrial markets including industrial fuses, renewable energy and energy storage power conversion, rail/transportation, and electric vehicle ("EV") power management.
AUSTIN, TX / ACCESSWIRE / May 2, 2024 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (NASDAQIPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announces that management will hold a conference call on Wednesday, May 15, 2024 at 10:00 AM Eastern Time to discuss its results for the first quarter ended March 31, 2024. A press release detailing these results will be issued prior to the call.
AUSTIN, TX / ACCESSWIRE / April 30, 2024 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (NASDAQIPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announces that the Company received an order for SymCool™ power modules and drivers from one of the two Forbes Global 500 leaders in diverse power management markets in Ideal Power's B-TRAN™ test and evaluation program.
AUSTIN, TX / ACCESSWIRE / April 10, 2024 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (NASDAQIPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced it received a purchase order from a global leader in power semiconductor and power electronics solutions.
AUSTIN, TX / ACCESSWIRE / April 2, 2024 / Ideal Power Inc. (NASDAQIPWR) ("Ideal Power," the "Company," "we," "us" or "our"), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced management's plans for participation in upcoming investor conferences.
AUSTIN, TX / ACCESSWIRE / March 28, 2024 / Ideal Power Inc. (NASDAQIPWR) ("Ideal Power," the "Company," "we," "us" or "our"), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, announced today the closing of its previously announced underwritten public offering of 2,000,000 shares of its common stock (or pre-funded warrants in lieu thereof) at an offering price of $7.50 per share of common stock.
AUSTIN, TX / ACCESSWIRE / March 25, 2024 / Ideal Power Inc. (NASDAQIPWR) ("Ideal Power," the "Company," "we," "us" or "our"), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced that it has priced its previously announced underwritten public offering of 2,000,000 shares of its common stock (or pre-funded warrants in lieu thereof) at an offering price of $7.50 per share of common stock. Ideal Power has granted the underwriter a 30-day option to purchase up to 300,000 additional shares of its common stock on the same terms and conditions. The Company expects to close the offering on March 28, 2024, subject to customary conditions.
AUSTIN, TX / ACCESSWIRE / March 25, 2024 / Ideal Power Inc. (Nasdaq:IPWR) ("Ideal Power," the "Company," "we," "us" or "our"), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announced that it has commenced an underwritten public offering (the "offering") of shares of its common stock (or pre-funded warrants in lieu thereof). Ideal Power also intends to grant the underwriter a 30-day option to purchase up to an additional 15% of the aggregate number of shares of its common stock sold in the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering. All of the shares of common stock to be sold in the proposed offering will be sold by Ideal Power.
Ideal Power Inc (NASDAQIPWR) partners with Richardson Electronics to distribute its products globally, including B-TRAN device and SymCool power module.
