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Ideal Power Inc. announced a partnership with a global leader in circuit protection, industrial fuses, and power conversion electronics to test and evaluate its B-TRAN™ power semiconductors for various industrial applications. The collaboration aims to drive product development and potentially secure design wins and customer agreements. Ideal Power's B-TRAN™ technology offers advantages in EV power transfer, DC microgrids, energy storage systems, and railway substations, providing higher efficiency, lower conduction losses, bidirectional capability, and reduced system costs. With the potential to reduce power losses by 50% or more compared to conventional switches, B-TRAN™ stands out as a unique and efficient solution in bidirectional applications, positioning the company favorably in the growing market of transportation electrification and renewable energy.
Ideal Power Inc. will hold a conference call on May 15, 2024, to discuss the first quarter results. The call will be hosted by President and CEO Dan Brdar and CFO Tim Burns. Analysts and investors can submit questions in advance. The company will also participate in the Northland Capital Markets Virtual Growth Conference on June 25, 2024.
Ideal Power Inc. announces an order from a Forbes Global 500 power management market leader for SymCool™ power modules and drivers. The customer is evaluating the technology for use in solid-state circuit breaker applications in industrial markets, highlighting lower conduction losses and improved efficiency compared to conventional power semiconductors. Ideal Power expects industrial markets to drive sales growth starting in the second half of 2024.
