Ideal Power Receives Order from Global Leader in Power Semiconductor and Power Electronics Solutions
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The recent purchase order for Ideal Power's B-TRAN devices by a leading entity in power electronics signifies a pivotal moment for the company. The B-TRAN technology's ability to reduce power losses by half, compared to traditional power switches, is not just a technical achievement but also a potential game-changer in power electronics. This efficiency leap could lead to a cascade of benefits, such as enhanced performance of solid-state circuit breakers (SSCBs) and the facilitation of more compact designs in original equipment manufacturer (OEM) products due to lower thermal management requirements.
From an engineering standpoint, the symmetric bidirectional operation of B-TRAN is a notable innovation, simplifying the circuitry by reducing the component count by 75% when compared to traditional bidirectional switches. This simplification could translate into cost savings in production and increased reliability for end users. In the context of a shifting energy landscape that favors electrification and renewable energy sources, B-TRAN's bidirectionality and efficiency are particularly relevant, potentially leading to widespread adoption in these sectors.
Entering into a collaboration with a global leader in the semiconductor and power electronics field is a strategic move for Ideal Power that may bolster investor confidence and signal market validation of the B-TRAN technology. The multi-year DC power distribution system program indicates a long-term commitment and potential for recurring revenue streams, which is a positive indicator for Ideal Power's financial health and future prospects.
Considering the growing demand for energy-efficient solutions and the transition towards renewable energy, Ideal Power's positioning in the market with its B-TRAN technology could capture significant market share. The collaboration could also serve as a catalyst for further partnerships and increase the company's influence in the power electronics industry. It's essential to monitor the progress of this collaboration and the adoption rate of B-TRAN in SSCBs to assess the long-term impact on Ideal Power's market position and financial performance.
The partnership between Ideal Power and a key player in the power electronics industry underscores the strategic importance of energy-efficient technologies in the broader context of the energy sector. As the industry moves towards DC power distribution systems, which are more efficient for long-distance power transmission and are integral to renewable energy systems, Ideal Power's B-TRAN technology could become increasingly relevant.
The potential reduction in conduction losses and the bidirectional capabilities of B-TRAN align with the industry's push towards integrating energy storage solutions with renewable energy sources. The ability to efficiently manage power flow in both directions is critical for the functionality of smart grids and the effective use of energy storage systems. The adoption of B-TRAN in SSCBs could lead to enhanced stability and efficiency in power grids, which is a significant consideration for energy providers and consumers alike.
AUSTIN, TX / ACCESSWIRE / April 10, 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 announced it received a purchase order from a global leader in power semiconductor and power electronics solutions.
The customer purchased B-TRAN™ devices and a circuit breaker evaluation board and is collaborating with Ideal Power on a solid-state circuit breaker (SSCB) design in connection with its launch of a multi-year DC power distribution system program. For SSCB applications, our B-TRAN™ technology has clear advantages for SSCBs, providing dramatically lower conduction losses, lower costs, and bidirectionality compared to electromechanical breakers and IGBT and silicon carbide MOSFET-based SSCBs. The customer is in addition to the participants in our B-TRAN™ test and evaluation program focused on SSCBs.
"We are excited to collaborate with global leaders interested in B-TRAN™ as an enabling technology for SSCBs," said Dan Brdar, President and Chief Executive Officer of Ideal Power. "This specific customer presents multiple opportunities for us as they address several of our target markets including SSCBs, industrial and grid infrastructure and renewable energy."
Ideal Power's patented semiconductor power switch, B-TRAN™, can reduce power losses by
About Ideal Power Inc.
Ideal Power (NASDAQ:IPWR) is pioneering the development and commercialization of its broadly patented bidirectional semiconductor power switch, creating highly efficient and ecofriendly energy control solutions for electric vehicle, electric vehicle charging, renewable energy, energy storage, UPS/data center, solid-state circuit breaker and other industrial and military applications. The Company is focused on its patented Bidirectional, Bipolar Junction Transistor (B-TRAN™) semiconductor technology. B-TRAN™ is a unique double-sided bidirectional AC switch that delivers substantial performance improvements over today's conventional power semiconductors. Ideal Power's B-TRAN™ can reduce conduction and switching losses, complexity of thermal management and operating cost in AC power switching and control circuitry. For more information, visit the Company's website at www.IdealPower.com, on LinkedIn, on Twitter, and on Facebook.
Safe Harbor Statement
All statements in this release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While Ideal Power's management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Such forward-looking statements include, but are not limited to, our statement that the customer presents multiple opportunities for us and the customer's future launch of a multi-year DC power distribution system program. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of our control that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, the success of our B-TRAN™ technology, including whether the patents for our technology provide adequate protection and whether we can be successful in maintaining, enforcing and defending our patents, our inability to predict with precision or certainty the pace and timing of development and commercialization of our B-TRAN™ technology, including the timing of the completion of our wafer fabrication runs with our semiconductor fabrications partners, the rate and degree of market acceptance for our B-TRAN™, the impact of global health pandemics on our business, supply chain disruptions, and the expected performance of future products incorporating our B-TRAN™, and uncertainties set forth in our quarterly, annual and other reports filed with the Securities and Exchange Commission. Furthermore, we operate in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements, except as required by applicable law.
Ideal Power Investor Relations Contact:
Jeff Christensen
Darrow Associates Investor Relations
jchristensen@darrowir.com
703-297-6917
SOURCE: Ideal Power
View the original press release on accesswire.com
FAQ
What technology did Ideal Power announce receiving a purchase order for?
What advantages does B-TRAN™ offer for solid-state circuit breakers (SSCBs)?
How much can B-TRAN™ reduce power losses by compared to conventional switches?
What competitive advantage does B-TRAN™ provide in bidirectional applications?
Which sectors can benefit from Ideal Power's B-TRAN™ technology?
