Welcome to our dedicated page for Ideal Pwr news (Ticker: IPWR), a resource for investors and traders seeking the latest updates and insights on Ideal Pwr stock.
Ideal Power Inc. (Nasdaq: IPWR) is a manufacturing-sector company focused on B-TRAN® bidirectional semiconductor power switches for electric vehicles, data centers, renewable energy, energy storage, and industrial and military applications. This news page aggregates company press releases and market updates so readers can follow how Ideal Power’s technology and commercial roadmap are progressing over time.
Recent news highlights include quarterly financial results, operational milestones and customer engagements. Ideal Power regularly reports on its B-TRAN® commercial roadmap, such as shipping solid-state circuit breaker prototypes and reference designs, collaborating with multiple global Tier 1 automotive suppliers, and securing a purchase order from Stellantis for custom B-TRAN® devices targeting several EV applications. Updates also cover increases in the published power rating of the discrete B-TRAN® product and plans for corresponding changes to the SymCool® power module.
Investors and industry observers can use this feed to track announcements related to EV contactor and solid-state circuit breaker programs, participation in investor conferences, and developments in Ideal Power’s patent estate across North America, Asia and Europe. The news flow also includes information on leadership changes, such as the appointment of David Somo as President and Chief Executive Officer, and details on scheduled conference calls and webcasts discussing quarterly results.
By reviewing Ideal Power’s news on a regular basis, readers can see how the company’s B-TRAN® technology is being evaluated by global automakers, Tier 1 suppliers and power management companies, and how these engagements translate into design wins, development programs and product-level advancements.
Ideal Power Inc. (Nasdaq: IPWR) reported its Q4 and full-year results for 2021, highlighting progress in the commercialization of its B-TRAN™ bidirectional semiconductor power switch. The company added participants to its test program, including leading manufacturers in electric vehicles and renewable energy sectors. While grant revenue increased year-over-year, operating expenses also rose, leading to a net loss of $1.4 million for Q4 2021. The cash balance stood at $23.2 million at year-end, with no long-term debt. Ideal Power aims to introduce its first commercial product in 2022.
Ideal Power (NASDAQ: IPWR) announced the addition of two new independent board members, Drue Freeman and Greg Knight, expanding its Board from three to five members. Freeman brings over 30 years of semiconductor experience, notably in the automotive sector, while Knight has 20 years in photovoltaic, silicon carbide, and EV markets. Their expertise aligns with the company's strategy for B-TRAN™ technology, aimed at enhancing efficiency in electric vehicles and renewable energy. The appointments are expected to strengthen Ideal Power's position in its target markets.
Ideal Power (NASDAQ: IPWR) announced the successful completion of its Phase I project under the SBIR grant from the DOE, in collaboration with Diversified Technologies, Inc. (DTI). The project focused on designing a low-loss 50MW solid-state circuit breaker (SSCB) using B-TRAN™ technology. The SSCB aims to revolutionize medium voltage power distribution, surpassing conventional mechanical breakers in speed and efficiency. The company plans to submit a Phase II proposal to develop and demonstrate this SSCB, amidst a growing global circuit breaker market projected to reach $25.85 billion by 2027.
Ideal Power (NASDAQ: IPWR) announced a conference call on March 17, 2022, at 4:30 p.m. Eastern Time to discuss its fourth quarter and full year results for 2021. President and CEO Dan Brdar and CFO Tim Burns will lead the call, which will include a Q&A session. Interested parties can join by dialing a toll-free number or accessing a live broadcast through Ideal Power's website. The earnings report will be released prior to the call, with a replay available until April 17, 2022.
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.